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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Center for Financial Research

Stefan Jacewitz


Stefan Jacewitz
Chief, Quantitative Risk Analysis Section
Federal Deposit Insurance Corporation
550 17th Street NW
Washington, DC 20429
Phone: 202-898-6757
Fax: 202-898-3500
Email: SJacewitz@fdic.gov



 Stefan Jacewitz Curriculum Vitae - PDF (PDF Help)

  • Publications
  • Working Papers
  • Biography

    Stefan Jacewitz is the Chief of the Quantitative Analysis Section at the Center for Financial Research in the FDIC Division of Insurance and Research in Washington, DC.

    His research interests include systemically important financial institutions, dividend policy, stress testing, and applied time series econometrics. In addition to research, Dr. Jacewitz is involved in internal model development and validation as well as regulatory reviews of banks' credit and market risk modeling and stress testing. He has published in the Journal of Econometrics and the Journal of Financial Services Research.

    He holds a PhD in Economics from Texas A&M University and BAs in Economics and Mathematics from the University of Oklahoma.

  • Publications

    Selected Publications

    Choi, Yongok, Stefan Jacewitz, and Joon Y. Park. 2016. A reexamination of stock return predictability. Journal of Econometrics. Vol. 192.1, 168-189.

    Jacewitz, Stefan, and Jonathan Pogach. 2016 Deposit rate advantages at the largest banks Journal of Financial Services Research. Vol. 20, 1-35.

    Jacewitz, Stefan and Paul Kupiec. 2012. Community Bank Efficiency and Economies of Scale. This paper supports the FDIC Community Banking Study, which found that the efficiency ratios of community and noncommunity banks have diverged over time, especially since the late 1990s. The analysis compares asset-weighted average efficiency ratios for community banks and noncommunity banks from 1984 to 2011. Over this period, the banking system experienced a substantial wave of consolidation, including the formation of very large noncommunity banks over the second half of the 1990s and again more recently during the financial crisis.

  • Working Papers

    Working Papers

    Jacewitz, Stefan, Philip Ostromogolsky, and Haluk Unal. 2016. "Shadow Banks or Banks in the Shadow? The Case of Money Market Funds". Working Paper.

    Guntay, Levent, Stefan Jacewitz, and Jonathan Pogach. 2015. Proving Approval: Dividend Regulation and Capital Payout Incentives. FDIC Center for Financial Research Working Paper No. 2015-05.

    Jacewitz, Stefan and Jonathan Pogach. 2014. Deposit Rate Advantages at the Largest Banks. FDIC Center for Financial Research Working Paper. No. 2014-02.

    Choi, Yongok, Stefan Jacewitz and Joon Y. Park. 2014. "A Reexamination of Stock Return Predictability."

    Guntay, Levent, Stefan Jacewitz and Jonathan Pogach. 2014. "Bank Dividends: Signaling, Risk-Shift, and Regulation."

    Fissel, Gary, Stefan Jacewitz and Myron Kwast. 2014. "Does Supervisory Discipline Reduce Bank Risk? Evidence from Before and During the Crisis."

    Jacewitz, Stefan, Paul Kupiec and Jonathan Pogach. 2012. "The Marginal Costs, Capture Costs, and Franchise Value of Banks."

  • Presentations

    Presentations

    SEMINAR
    May-2015
    Federal Reserve Board
    Proving Approval: Dividend Regulation and Capital Payout Incentives

    SEMINAR
    Oct-2014
    International Atlantic Economic
    Deposit Rate Advantages at the Largest Banks

    SEMINAR
    Oct-2013
    Federal Reserve Bank of Minneapolis
    Deposit Rate Advantages at the Largest Banks

    SEMINAR
    May-2013
    Federal Reserve Board
    Deposit Rate Advantages at the Largest Banks

    SEMINAR
    Apr-2013
    University of Maryland
    Deposit Rate Advantages at the Largest Banks

    CONFERENCE
    Sep-2015
    Banking Research Conference
    Proving Approval: Dividend Regulation and Capital Payout Incentives

    CONFERENCE
    Feb-2014
    Research Task Force of the Basel Committee on Banking Supervision
    Deposit Rate Advantages at the Largest Banks

    CONFERENCE
    Oct-2013
    Bank Research Conference
    Deposit Rate Advantages at the Largest Banks

    CONFERENCE
    Oct-2012
    Financial Management Association Annual Meeting
    Deposit Rate Advantages at the Largest Banks

    CONFERENCE
    Apr-2012
    Eastern Finance Association Annual Meeting
    Bank Demand for Core Deposit Funding: Theory and Evidence

    CONFERENCE
    Sep-2011
    European Conference of Banking and the Economy
    Bank Growth and Long-Term Risk

    CONFERENCE
    Mar-2010
    Mid-Atlantic Research Conference in Finance, Villa Nova
    Stock Return Predictability in Volatility Time

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