Stephen Matteo Miller
-
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
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Did the Gramm-Leach-Bliley Act Deregulate?
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
The Recourse Rule and Its Role in the Last Crisis: An Update
-
- | 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
- | Policy Briefs Policy Briefs
Yes, the Benefits of a Higher Leverage Ratio Can Exceed the Costs
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
“Record Bank Profits” May Not Mean “Record Bank Performance”
-
- | 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
- | Working Papers Working Papers
Benefits and Costs of a Higher Bank Leverage Ratio
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Beware Bank Lobbying
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Calm Your Financial Fears
-
- | 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
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)
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Historical Perspectives on the Number of Banks
A Series on Bank Size and Concentration
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Basel Framework Keeps Growing More Complex
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
On the Rising Regulatory Burden of Basel-Style Bank Capital Requirements
-
- | Regulation Regulation
- | Expert Commentary Expert Commentary
Did the Gramm-Leach-Bliley Act Deregulate?
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Did the Gramm-Leach-Bliley Act Deregulate?
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
The Recourse Rule and Its Role in the Last Crisis: An Update
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
“Record Bank Profits” May Not Mean “Record Bank Performance”
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Beware Bank Lobbying
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Calm Your Financial Fears
-
- | Expert Commentary Expert Commentary
A Higher Leverage Ratio Can Prevent Crises, and That Matters
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Did the Gramm-Leach-Bliley Act Deregulate?
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
The Recourse Rule and Its Role in the Last Crisis: An Update
-
- | 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
- | Policy Briefs Policy Briefs
Yes, the Benefits of a Higher Leverage Ratio Can Exceed the Costs
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
“Record Bank Profits” May Not Mean “Record Bank Performance”
-
- | 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
- | Working Papers Working Papers
Benefits and Costs of a Higher Bank Leverage Ratio
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Beware Bank Lobbying
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Calm Your Financial Fears
-
- | 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
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)
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Historical Perspectives on the Number of Banks
A Series on Bank Size and Concentration
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Basel Framework Keeps Growing More Complex
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
On the Rising Regulatory Burden of Basel-Style Bank Capital Requirements
-
- | Regulation Regulation
- | Expert Commentary Expert Commentary
Did the Gramm-Leach-Bliley Act Deregulate?
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Did the Gramm-Leach-Bliley Act Deregulate?
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
The Recourse Rule and Its Role in the Last Crisis: An Update
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
“Record Bank Profits” May Not Mean “Record Bank Performance”
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Beware Bank Lobbying
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Calm Your Financial Fears
-
- | Expert Commentary Expert Commentary
A Higher Leverage Ratio Can Prevent Crises, and That Matters