Stephen Matteo Miller
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Senior Research Fellow
Steph Miller is a Senior Research Fellow at the Mercatus Center, and his research focuses on financial market crashes and crises and financial regulation. He has published his findings in academic journals such as the Journal of Financial Research, the Journal of Financial Stability, the Journal of Regulatory Economics and Quantitative Finance. After graduating from George Mason University with a PhD in economics, Steph worked as a World Bank consultant for several years before joining the Department of Economics at Monash University in Melbourne, Australia as a research fellow. At the end of the first year of the research fellowship, he became a tenured lecturer and taught undergraduate and graduate classes in macroeconomics and financial economics for six years. During that time, he also administered the honours program for two years and the PhD program for four years. Prior to joining Mercatus, Steph was a visiting assistant professor for one and a half years at the Department of Economics at Bryn Mawr College, in Bryn Mawr, PA.
Latest Work
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- | Monetary Policy Monetary Policy
- | Mercatus Podcasts Mercatus Podcasts
- | Macro Musings Macro Musings
Stephen Miller on Financial Crises, Capital Requirements, and the US Banking System
Higher and simpler capital requirements, rather than more regulation, may be the keys to a more market-disciplined banking system.
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- | Financial Markets Financial Markets
- | Working Papers Working Papers
A Primer on the Evolution and Complexity of Bank Regulatory Capital Standards
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- | Expert Commentary Expert Commentary
A Higher Leverage Ratio Can Prevent Crises, and That Matters
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- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Ending Too-Big-to-Fail May Require More Than the Minneapolis Fed Too-Big-to-Fail Plan
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
The Path to 'Too Big to Fail'
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- | Financial Markets Financial Markets
- | Books Books
Reframing Financial Regulation
Enhancing Stability and Protecting Consumers
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Better Serving Small Business
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- | Academic & Student Programs Academic & Student Programs
- | Financial Markets Financial Markets
- | Working Papers Working Papers
Small-Business Financing after the Financial Crisis: Lessons from the Literature
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Worry about Lack of New Banks, Not 'Record Profits'
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Hensarling Bill Gives Credence to 'Capital Is King'
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- | Financial Markets Financial Markets
- | Working Papers Working Papers
How Much Would It Cost to Guarantee Debt for All Publicly Traded US Corporations?
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- | Financial Markets Financial Markets
- | Working Papers Working Papers
Regulation, CDO Exposures, and Debt Guarantees through the Financial Crisis
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- | Financial Markets Financial Markets
- | Working Papers Working Papers
On Regulation and Excess Reserves: The Case of Basel III
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- | Monetary Policy Monetary Policy
- | Working Papers Working Papers
Money Demand and Seignorage Maximization before the End of the Zimbabwean Dollar
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- | Financial Markets Financial Markets
- | Working Papers Working Papers
Benefits and Costs of a Higher Bank Leverage Ratio
-
- | Financial Markets Financial Markets
- | Working Papers Working Papers
The Recourse Rule, Regulatory Arbitrage, and the Financial Crisis
-
- | Financial Markets Financial Markets
- | Working Papers Working Papers
A Primer on the Evolution and Complexity of Bank Regulatory Capital Standards
-
- | Financial Markets Financial Markets
- | Books Books
Reframing Financial Regulation
Enhancing Stability and Protecting Consumers
-
- | Academic & Student Programs Academic & Student Programs
- | Financial Markets Financial Markets
- | Working Papers Working Papers
Small-Business Financing after the Financial Crisis: Lessons from the Literature
-
- | Financial Markets Financial Markets
- | Book Chapters Book Chapters
No Need for Title VI with Simpler, Higher Capital
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- | Podcast Appearance Podcast Appearance
Will There Ever Be a Basel V? | The Bankshot Podcast
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- | Financial Markets Financial Markets
- | Mercatus Podcasts Mercatus Podcasts
Preventing Bank Failures from Becoming Bank Crises
-
- | Monetary Policy Monetary Policy
- | Mercatus Podcasts Mercatus Podcasts
- | Macro Musings Macro Musings
Stephen Miller on Financial Crises, Capital Requirements, and the US Banking System
Higher and simpler capital requirements, rather than more regulation, may be the keys to a more market-disciplined banking system.
-
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Comment on Proposed Rulemaking for Regulatory Capital Rules
The Supplementary Leverage Ratio Means Supplementary Complexity -
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Simplifications to the Capital Rule Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996
-
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Ending Too-Big-to-Fail May Require More Than the Minneapolis Fed Too-Big-to-Fail Plan
-
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
TLAC: Off to a Good Start but Still Lacking
Before the Federal Reserve System -
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Submission of Credit Card Agreements Under the Truth in Lending Act (Regulation Z)
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- | Regulation Regulation
- | Expert Commentary Expert Commentary
Having an EDGE on the Bailout/Too Big To Fail Problem | FinRegRag
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- | Regulation Regulation
- | Expert Commentary Expert Commentary
The Next Bank Bailout’s True Costs May Not Be Such a Mystery | The Hill
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- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Dollarization Won’t Solve Argentina’s Fiscal Problems | The Hill
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
The Costs of Crises Revisited | FinRegRag
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Q&As About Treasury Auctions & Weak Demand for 30-year Treasuries | FinRegRag
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- | Regulation Regulation
- | Expert Commentary Expert Commentary
Capital Regulation Was Supposed to Be Simple & Low Cost ... It’s So Far From That Now | FinRegRag
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- | Regulation Regulation
- | Expert Commentary Expert Commentary
How Many Words Might Basel III Endgame Add To Current Bank Regulation? | FinRegRag
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
An Ominous Outlook for the Banking Sector | FinRegRag
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- | Regulation Regulation
- | Expert Commentary Expert Commentary
Basel III Endgame Not Likely the End of the Regulatory Capital Revisions | FinRegRag
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
You Might Stop Banking Crises and Bailouts, but Not Bank Failures | The Hill
-
- | Monetary Policy Monetary Policy
- | Mercatus Podcasts Mercatus Podcasts
- | Macro Musings Macro Musings
Stephen Miller on Financial Crises, Capital Requirements, and the US Banking System
Higher and simpler capital requirements, rather than more regulation, may be the keys to a more market-disciplined banking system.
-
- | Financial Markets Financial Markets
- | Working Papers Working Papers
A Primer on the Evolution and Complexity of Bank Regulatory Capital Standards
-
- | Expert Commentary Expert Commentary
A Higher Leverage Ratio Can Prevent Crises, and That Matters
-
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Ending Too-Big-to-Fail May Require More Than the Minneapolis Fed Too-Big-to-Fail Plan
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
The Path to 'Too Big to Fail'
-
- | Financial Markets Financial Markets
- | Books Books
Reframing Financial Regulation
Enhancing Stability and Protecting Consumers
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Better Serving Small Business
-
- | Academic & Student Programs Academic & Student Programs
- | Financial Markets Financial Markets
- | Working Papers Working Papers
Small-Business Financing after the Financial Crisis: Lessons from the Literature
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Worry about Lack of New Banks, Not 'Record Profits'
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Hensarling Bill Gives Credence to 'Capital Is King'
-
- | Financial Markets Financial Markets
- | Working Papers Working Papers
How Much Would It Cost to Guarantee Debt for All Publicly Traded US Corporations?
-
- | Financial Markets Financial Markets
- | Working Papers Working Papers
Regulation, CDO Exposures, and Debt Guarantees through the Financial Crisis
-
- | Financial Markets Financial Markets
- | Working Papers Working Papers
On Regulation and Excess Reserves: The Case of Basel III
-
- | Monetary Policy Monetary Policy
- | Working Papers Working Papers
Money Demand and Seignorage Maximization before the End of the Zimbabwean Dollar
-
- | Financial Markets Financial Markets
- | Working Papers Working Papers
Benefits and Costs of a Higher Bank Leverage Ratio
-
- | Financial Markets Financial Markets
- | Working Papers Working Papers
The Recourse Rule, Regulatory Arbitrage, and the Financial Crisis
-
- | Financial Markets Financial Markets
- | Working Papers Working Papers
A Primer on the Evolution and Complexity of Bank Regulatory Capital Standards
-
- | Financial Markets Financial Markets
- | Books Books
Reframing Financial Regulation
Enhancing Stability and Protecting Consumers
-
- | Academic & Student Programs Academic & Student Programs
- | Financial Markets Financial Markets
- | Working Papers Working Papers
Small-Business Financing after the Financial Crisis: Lessons from the Literature
-
- | Financial Markets Financial Markets
- | Book Chapters Book Chapters
No Need for Title VI with Simpler, Higher Capital
-
- | Podcast Appearance Podcast Appearance
Will There Ever Be a Basel V? | The Bankshot Podcast
-
- | Financial Markets Financial Markets
- | Mercatus Podcasts Mercatus Podcasts
Preventing Bank Failures from Becoming Bank Crises
-
- | Monetary Policy Monetary Policy
- | Mercatus Podcasts Mercatus Podcasts
- | Macro Musings Macro Musings
Stephen Miller on Financial Crises, Capital Requirements, and the US Banking System
Higher and simpler capital requirements, rather than more regulation, may be the keys to a more market-disciplined banking system.
-
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Comment on Proposed Rulemaking for Regulatory Capital Rules
The Supplementary Leverage Ratio Means Supplementary Complexity -
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Simplifications to the Capital Rule Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996
-
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Ending Too-Big-to-Fail May Require More Than the Minneapolis Fed Too-Big-to-Fail Plan
-
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
TLAC: Off to a Good Start but Still Lacking
Before the Federal Reserve System -
- | Financial Markets Financial Markets
- | Public Interest Comments Public Interest Comments
Submission of Credit Card Agreements Under the Truth in Lending Act (Regulation Z)
-
- | Regulation Regulation
- | Expert Commentary Expert Commentary
Having an EDGE on the Bailout/Too Big To Fail Problem | FinRegRag
-
- | Regulation Regulation
- | Expert Commentary Expert Commentary
The Next Bank Bailout’s True Costs May Not Be Such a Mystery | The Hill
-
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Dollarization Won’t Solve Argentina’s Fiscal Problems | The Hill
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
The Costs of Crises Revisited | FinRegRag
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Q&As About Treasury Auctions & Weak Demand for 30-year Treasuries | FinRegRag
-
- | Regulation Regulation
- | Expert Commentary Expert Commentary
Capital Regulation Was Supposed to Be Simple & Low Cost ... It’s So Far From That Now | FinRegRag
-
- | Regulation Regulation
- | Expert Commentary Expert Commentary
How Many Words Might Basel III Endgame Add To Current Bank Regulation? | FinRegRag
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
An Ominous Outlook for the Banking Sector | FinRegRag
-
- | Regulation Regulation
- | Expert Commentary Expert Commentary
Basel III Endgame Not Likely the End of the Regulatory Capital Revisions | FinRegRag
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
You Might Stop Banking Crises and Bailouts, but Not Bank Failures | The Hill