Kevin T. Jacques is the Boynton D. Murch Chair in Finance at Baldwin Wallace
University. Prior to joining the faculty at B-W, Dr. Jacques spent 14 years as an
economist with the U.S. Treasury Department in Washington, D.C. Most recently(2001-05),
he was a senior financial economist in the Office of Financial Institutions Policy where
he was responsible for advising Treasury and George W. Bush Administration officials on
policy issues regarding the U.S. banking and financial system. His primary policy work
has been in the area of regulatory capital standards, including the 1988 and revised
Basel Accords, large bank failure resolution and systemic risk, risk measurement and
management, and financial reform. In 1994, he served on the President’s Working Group on
Financial Markets examining systemic risk in domestic financial markets. In addition, Dr.
Jacques taught finance in the McDonough School of Business at Georgetown University. 

He is a frequent contributor to local, national, and international media on bank
regulation and financial reform including hundreds of quotes and commentaries in
Bloomberg Financial News, American Banker, National Public Radio (NPR), Associated Press,
China Radio International, PBS television, Crain’s Cleveland Business, SNL Financial
News, CBS News.com, Business Week.com, Yahoo!News, Congressional Quarterly and dozens of
newspapers throughout the United States. 

Dr. Jacques holds a Ph.D. in Economics from Michigan State University. 

1988 Basel Accord

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Adjustment Costs, Errors in Risk Weights, and Banks' Balance Sheets: The 1988 Basel Accord Revisited (with Elva Coadari and John Thornton), Bank and Bank Systems (2010)

In the context of a profit-maximization model that recognizes both non-homogeneous adjustment costs and errors...

 

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Risk-Based Capital, Portfolio Risk, and Bank Capital: A Simultaneous Equations Approach (with Peter Nigro), Journal of Economics and Business (1997)

This paper examines the impact the risk-based capital standards had on bank capital and portfolio...

 

Revised Basel Accord

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Bank Lending and the Effectiveness of Monetary Policy Under a Revised Basel Accord (with David Schirm), The New Basel Capital Accord (2004)
 

prompt corrective action

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The Impact of FDICIA and Prompt Corrective Action on Bank Capital and Risk: Estimates Using a Simultaneous Equations Model (with Raj Aggarwal), Journal of Banking and Finance (2001)

This paper develops and estimates a 3SLS model to examine the simultaneous impact of PCA...

 

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Assessing the Impact of Prompt Corrective Action on Bank Capital and Risk (with Raj Aggarwal), Federal Reserve Bank of New York Economic Policy Review (1998)
 

Failed banks, resolution, and systemic risk

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Financial Turmoil, Failed Bank Acquistions, and Bank Business Lending Behavior (with Peter Nigro), Journal of Financial Services Research (2000)
 

National Public Radio (NPR) appearances (both local and national)

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June 2014 appearance on Marketplace (2014)

A qoute on NPR's Marketplace radio show regarding inflation and Federal Reserve policy.

 

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Inflation (2013)

A brief comment on the nationally broadcast program Marketplace regarding inflation.

 

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The financial crisis 5 years later (2013)

My appearance on the NPR talkshow The Sound of Ideas discussing the financial crisis 5...

 

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Bringing back inflation? (2013)

A discussion on the NPR radio show Marketplace regarding the effects of moderate inflation.

 

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The Sequester (2013)

An appearance on the NPR talkshow The Sound of Ideas discussing the sequester.

 

PBS television appearances

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Sequestration, part II (2013)

A second appearance on PBS' Feagler and Friends TV show discussing sequestration

 

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Sequestration (2012)

A TV appearance on the PBS show Feagler and Friends.