Financial Economists
Eliana Balla
Eliana Balla is Manager and Financial Economist on our Quantitative Supervision and Research team in the Supervision, Regulation and Credit Department at the Richmond Fed. She has held program-level leadership roles in multiple Federal Reserve System quantitative supervision programs, including supervisory stress testing, surveillance early warning models, and risky bank identification across all supervisory portfolios. At the Richmond Fed, she chairs the district’s bank supervision Risk Council. Balla’s banking research has focused on determinants of bank performance and assessments of regulatory effectiveness.
Balla received her master’s and doctoral degrees in economics from Washington University in St. Louis. She is also a graduate of the ABA Stonier Graduate School of Banking.
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Publications
“The Effect of Regulatory Oversight on Nonbank Mortgage Subsidiaries” (with Raymond Brastow, Daniel Edgel, and Morgan J. Rose), April 2024, Journal of Real Estate Finance and Economics, 68, pp. 523-575.
“Constraints on Provisioning at Public vs. Private Community Banks” (with Morgan J. Rose), Fall 2024, Journal of Financial Research, 47, pp. 635-666.
“A Comparison of Community Bank Failures and FDIC Losses in the 1986–92 and 2007–13 Banking Crises” (with Edward S. Prescott, Laurel C. Mazur, and John R. Walter), September 2019, Journal of Banking and Finance, 106, pp. 1-15.
“Earnings, Risk-taking, and Capital Accumulation in Community and Regional Banks” (with Morgan J. Rose), 2019, Journal of Banking and Finance, 103, pp. 36-50.
“Tail Dependence and Indicators of Systemic Risk for Large US Depositories” (with Ibrahim Ergen and Marco Migueis), December 2014, Journal of Financial Stability, 15, pp. 195-209.
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Working Papers
Organizational Form and Thrift Risk During the US Housing Boom and Bust (with Edward S. Prescott and Grant Rosenberger)