Financial Economists
Eliana Balla
Manager and financial economist
Eliana Balla is a manager and financial economist in the Quantitative Supervision and Research group. Her supervisory work has focused on financial institutions’ quantitative surveillance, stress testing and model validation. Her current banking research includes applications on studies on bank failures, bank provisions for loan losses, community and regional bank performance, and regulatory effectiveness.
Prior to joining the Richmond Fed, Balla received master’s and doctoral degrees in economics from Washington University in St. Louis.
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Publications
“Constraints on Provisioning at Public vs. Private Community Banks” (with Morgan J. Rose) forthcoming Journal of Financial Research.
“The Effect of Regulatory Oversight on Nonbank Mortgage Subsidiaries” (with Raymond Brastow, Daniel Edgel and Morgan J. Rose) Journal of Real Estate Finance and Economics (2022).
“A Comparison of Community Bank Failures and FDIC Losses in the 1986-92 and 2007-13 Banking Crises” (with E.S. Prescott, L. C. Mazur and J. Walter) Journal of Banking and Finance 106 (September 2019): 1–15.
“Earnings, risk-taking, and capital accumulation in small and large community banks” (with M. J. Rose) Journal of Banking and Finance 103 (June 2019): 36-50
“The Other Capital Infusion Program: The Case of the Small Business Lending Fund,” (with R.E. Carpenter and B.L. Robinson) Review of Financial Economics 34 (September 2017): 99-108.
"Loan Loss Provisions, Accounting Constraints, and Bank Ownership Structure" (with Morgan Rose) Journal of Economics and Business, 78 (2015), 92-117.
“Tail Dependence and Indicators of Systemic Risk for Large US Depositories” (with Ibrahim Ergen and Marco Migueis) Journal of Financial Stability Volume 15, December 2014, Pages 195–209.
“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.
“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.
“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.
“Reserving for Loan Losses: What Do the Aggregate Numbers Say?” S&R Perspectives (Federal Reserve Bank of Richmond), Spring Issue 2009.
“Giving and Receiving Foreign Aid: Does Conflict Count?” (with Gina Yannitell Reinhardt). World Development 36, no. 12 (December 2008): 2566-2585.
“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.
“Fiscal Choices and Religion in Ottoman Europe.” Homo Oeconomicus 21, no. 1 (2004): 59-82.
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Working Papers
"Did the Financial Reforms of the Early 1990s Fail? A Comparison of Bank Failures and FDIC Losses in the 1986-92 and 2007-13 Periods." (with Edward S. Prescott and John R. Walter). Working Paper Series (Federal Reserve Bank of Richmond) 15-05 (May 2015).
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Economic Brief