My current research focuses on banking, capital regulation and risk management. Recent applications include systemic risk and bank reserves for loan losses. I have also researched the interaction of institutions, political economy and economic development.
Eliana Balla is a senior financial economist in the Risk and Policy Group of the Supervision, Regulation and Credit department. She joined the Richmond Fed after completing her doctorate in economics at Washington University in St. Louis. Balla’s work involves financial institutions quantitative surveillance, large bank supervisory support and regulatory impact analyses — currently on the implications of the Dodd-Frank Act.
Ph.D., Washington University in St. Louis, 2004
M.A., Washington University in St. Louis, 1999
B.A., American University in Bulgaria, 1998
“Assessing the Effectiveness of the Paulson ‘Teaser Freezer’ Plan: Evidence from the ABX Index” (with Robert Carpenter and Breck Robinson). Journal of Economics and Business 63, no. 5 (September-October 2011): 392-411.
“Dynamic Provisioning: A Countercyclical Tool for Loan Loss Reserves” (with Andrew McKenna). Economic Quarterly (Federal Reserve Bank of Richmond) 95, no. 4 (Fall 2009): 383-418.
“Fiscal Crisis and Institutional Change in the Ottoman Empire and France” (with Noel D. Johnson). Journal of Economic History 69, no. 3 (September 2009): 809-845.
“Giving and Receiving Foreign Aid: Does Conflict Count?” (with Gina Yannitell Reinhardt). World Development 36, no. 12 (December 2008): 2566-2585.
“Fiscal Choices and Religion in Ottoman Europe.” Homo Oeconomicus 21, no. 1 (2004): 59-82.
“Tail Dependence in the U.S. Banking Sector and Measure of Systemic Risk” (with Ibrahim Ergen and Marco Migueis). April 2012.
“Loan Loss Reserves, Accounting Constraints, and Bank Ownership Structure” (with Morgan J. Rose). Working Paper Series (Federal Reserve Bank of Richmond) 11-09 (December 2011).
“Assessing the Effectiveness of the Paulson ‘Teaser Freezer’ Plan: Evidence from the ABX Index” (with Robert Carpenter and Breck Robinson). Working Paper Series (Federal Reserve Bank of Richmond) 10-06 (April 2010). Also appeared in S&R Perspectives (Federal Reserve Bank of Richmond) Fall Issue 2009.
“Financial Stability in Private versus Newly-Public Banks” (with Morgan J. Rose and Mark D. Vaughan). November 2007.
“Does Foreign Aid Spur Domestic Investment and Do Recipients’ Institutions Matter?” November 2006.
“Loan Loss Reserve Accounting and Bank Behavior” (with Morgan J. Rose and Jessie Romero) Economic Brief (Federal Reserve Bank of Richmond) March 2012.
“Dodd-Frank Act Reforms: Trust Preferred Securities No Longer Tier Capital” (with Kevin Cole and Breck Robinson). S&R Perspectives (Federal Reserve Bank of Richmond) Winter Issue 2011.
“Reserving for Loan Losses: What Do the Aggregate Numbers Say?” S&R Perspectives (Federal Reserve Bank of Richmond), Spring Issue 2009.
“Decoding Messages from the Yield Curve” (with Robert Carpenter and Mark Vaughan). Region Focus (Federal Reserve Bank of Richmond) 2, no. 2 (Spring 2007): 37-39.
“Now and Then: A Comparative Look Back at the 1994-1995 Yield Curves” (with Raymond Brastow). Regional Economic Update (Federal Reserve Bank of St. Louis) July 2005, 3-5.