About the Author
Allen N. Berger is the H. Montague Osteen, Jr., Professor in Banking and Finance and Ph.D. coordinator of the Finance Department, Moore School of Business, and Carolina Distinguished Professor, University of South Carolina; Senior Fellow, Wharton Financial Institutions Center; Fellow, European Banking Center; and Secretary/Treasurer, Financial Intermediation Research Society. He also currently serves on the editorial boards of six professional finance journals. In addition, Professor Berger is past editor of the Journal of Money, Credit, and Banking and has co-edited six special issues of various professional journals and both editions of the Oxford Handbook of Banking. His research covers a variety of topics related to financial institutions. He is co-author of Bank Liquidity Creation and Financial Crises (Elsevier). He has published over 100 professional articles in refereed journals, including papers in top finance journals, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, and Journal of Financial and Quantitative Analysis; top economics journals, Journal of Political Economy, American Economic Review, and Journal of Monetary Economics; and other top professional business journals, Managerial Science and Journal of Business; and over 30 other non-refereed publications. Professor Berger was Senior Economist from 1989 to 2008 and Economist from 1982-1989 at the Board of Governors of the Federal Reserve System. He received a Ph.D. in Economics from the University of California, Berkeley in 1983, and a B.A. in Economics from Northwestern University in 1976. Raluca A. Roman is an economist at the Federal Reserve Bank of Philadelpha. She joined the Fed in June 2015, following the completion of her Ph.D. in Finance at University of South Carolina. Raluca also holds an M.B.A. with concentration in Finance from University of Bridgeport, and a B.A. in Economics from Alexandru Ioan Cuza University (Romania). Raluca's research areas include a variety of topics related to banking and financial institutions (including bank government bailouts, internationalization, and corporate governance) and corporate finance. She has presented her research and discussed the research of others at various regulatory and finance conferences, is a co-author of two articles in the Journal of Financial and Quantitative Analysis and one in Management Science and has received three awards for her papers at conferences. She also has over 7 years of professional experience in banking and corporate finance and worked for top international organizations like UBS Investment Bank and MasterCard International, where she won various awards.