Kevin T. Jacques is the Boynton D. Murch Chair in Finance at Baldwin-Wallace College. 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 capital regulations, 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. Dr. Jacques is also an academic affiliate with EconoMetrics Group,Inc.,a Rhode Island-based financial industry consulting firm. He is a frequent contributor to local, national, and international media on bank regulation and financial reform including quotes and commentaries in Bloomberg Financial News, American Banker, National Public Radio (NPR), Associated Press, China Radio International, 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
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...
An Application of Unit Root Tests With a Structural Break to Risk-Based Capital and Bank Portfolio Composition, Southern Economic Journal (2003)
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
Procyclicality, Bank Lending, and the Macroeconomic Implications of a Revised Basel Accord, Financial Review (2010)
The International Transmission of Capital Shocks: Implications of a Revised Basel Accord for Developing Countries, Capital Markets, Globalization, and Economic Development (2005)
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
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...
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
Contagion Effects, Macroeconomic Conditions, and the Design of Regulatory Capital Standards (with Stephen Hiemstra) (2000)
Financial Turmoil, Failed Bank Acquistions, and Bank Business Lending Behavior (with Peter Nigro), Journal of Financial Services Research (2000)
National Public Radio (NPR) appearances
Consumer Financial Protection Bureau (2012)
A talkshow appearance discussing Richard Cordray and the CFPB.
Deficit Debate Goes Down to Wire (2011)
A second appearance on the NPR talkshow The Sound of Ideas talking about the debt...
Bernanke on Capitol Hill (2011)
A short appearance on the national NPR show Marketplace Morning Report discussing Fed Chairman Bernanke's...
Debating the Debt (2011)
An appearance on the 1-hour NPR talk show The Sound of Ideas. In this case...