Kydland and Prescott first identified the inflationary bias that results when a central bank does not precommit to a monetary policy rule. Subsequent work, published over the past twenty five years, demonstrates that this inflationary bias can be minimized by appointing central bankers whose preferences or incentives differ systematically from those of society as a whole. Subsequent work also s...

Since 2009, European central bankers have supported some reforms, in order to draw roadmaps to get out of the euro debt crisis. This paper tests whether the educational and professional background of European central bankers matter for the type of reforms each of them advocated. Through a textual analysis of public speeches delivered by the European central bankers, we draw a cognitive map for ...

One of the most notable changes in the banking sector in Nigeria has been the increasing number of women who have entered the banking profession in recent years. Throughout the country, men have typically dominated the position of bank manager. In recent years, however, there has been a substantial increase in the number of women who are bank managers in Nigeria. This trend has generated consid...

This paper studies the impact of the presence of bankers in the board of a corporation on its capital structure. We assume that the presence of bankers reduces information asymmetry problems, facilitating information transmission between corporations and …nancial institutions. Using a large database on Board of Directors, we construct the directors’s social network and measure the relative in‡u...

hile customer acquisition is a constant priority for middle market commercial bankers, the quest has assumed high urgency in today’s volatile market. There is a heightened potential for client turnover as institutions work through capital difficulties and wrenching mergers. And the rising priorities of deposit growth and fee revenue generation have commercial bankers knocking on new doors for n...

Banks play a key role in helping rural regions transform their economies by funding new business ventures. In rural America, community bankers often have a unique perspective on their local economy and local business prospects, thanks to their heavy personal involvement and face-to-face contact with customers. But community banks must now face a challenging new lending landscape. Rural banks ha...

Communication is central to accounting, and effective communication is, in part, dependent on the presence of shared meanings of relevant concepts between parties to a communication process. Within the framework originally proposed by Osgood et al (1957), this study measures the meaning of concepts fundamental to financial reporting. Subjects comprised four groups: accountants, bankers, manager...