Financial Economists
Mehdi Beyhaghi
Senior Financial Economist
Mehdi Beyhaghi is a senior financial economist in the Supervision, Regulation and Credit department. His work is mainly focused on the supervision and regulation of large financial institutions and economic research. His main area of research is the interplay of central banks, banking institutions and businesses. Beyhaghi is also a co-organizer of research seminars at the Richmond Fed’s supervision department and the chairperson of Global Connections, an employee resource network.
Prior to joining the Richmond Fed in 2018, Beyhaghi was an assistant professor of finance at the University of Texas at San Antonio. He was also a doctoral intern at the Bank of Canada’s department of financial stability.
-
Publications
"Pre-grant Patent Disclosure and Analyst Forecast Accuracy," Management Science (forthcoming), with Pooyan Khashabi and Ali Mohammadi.
"Third-Party Credit Guarantees and the Cost of Debt: Evidence from Corporate Loans," Review of Finance 26 (2022): 287–317.
"International Lending: The Role of Lender's Home Country," Journal of Money, Credit, and Banking 53 (2021): 1373–1416, with Rui Dai, Anthony Saunders and John K. Wald.
"Components of Credit Rationing," Journal of Financial Stability 50 (2020): 100762, with Fathali Firoozi, Abol Jalilvand, and Laleh Samarbakhsh.
"Institutional Investors and Loan Dynamics. Evidence from Loan Renegotiations," Journal of Corporate Finance 56 (2019): 482–505, with Ca Nguyen and John K. Wald.
"Do Tighter Loan Covenants Signal Improved Future Corporate Results? The Case of Performance Pricing Covenants," Financial Management 46 (2017): 593–625, with Kamphol Panyagometh, Gordon S. Roberts and Aron A. Gottesman.
"Why and How Do Banks Lay off Credit Risk? The Choice between Retention, Loan Sales and Credit Default Swaps," Journal of Corporate Finance 42 (2017): 335–355, with Nadia Massoud and Anthony Saunders.
"Effects of Customer Financial Distress on Supplier Capital Structure," Journal of Corporate Finance 42 (2017): 131–149, with Palani-Rajan Kadapakkam and Mauro Oliveira.
"The Cross-Section of Expected Returns in the Secondary Corporate Loan Market," The Review of Asset Pricing Studies 7 (2017): 243–277, with Sina Ehsani.
"Funding Advantage and Market Discipline in the Canadian Banking Sector," Journal of Banking & Finance 48 (2014): 396–410, with Chris D’Souza and Gordon S. Roberts.
-
Working Papers
"Does the Federal Reserve's Mission as a Bank Supervisor Hinder Its Mission as the Lender of Last Resort?," with Jeffrey Gerlach
"Bank Loan Markups and Adverse Selection," with Cesare Fracassi and Gregory Weitzner