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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- | 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
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
You Might Stop Banking Crises and Bailouts, but Not Bank Failures | The Hill
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- | Financial Markets Financial Markets
- | Policy Spotlights Policy Spotlights
More Bank Equity Means Less Reliance on Deposit Insurance
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- | Regulation Regulation
- | Expert Commentary Expert Commentary
So Which Is It: Too Much, Just Enough or Not Enough Bank Capital? | FinRegRag
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Historical Perspectives On the Size of Recent Bank Failures | FinRegRag
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- | Financial Markets Financial Markets
- | Data Visualizations Data Visualizations
Small Banks by the Numbers, 2000–2014
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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
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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
- | 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
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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
- | 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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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Yes, Risk-based Capital Contributed to the Crisis, Can Be Gamed… | FinRegRag (Substack)
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Why Revising the Supplementary Leverage Ratio Keeps Coming up and What To Do About It | FinRegRag
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
FinRegRant #9 | FinRegRag
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
ChatGPT 4.0 on 'Synthetic Contingent Liability' Clawback Regulation | FinRegRag
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Yes, Simpler, Higher Capital Requirements Are a Better Capital Rule | American Banker
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
ChatGPT 4.0 on Simple, Higher Regulatory Capital Requirements | FinRegRag (Substack)
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Why Risk-weighted Capital Regulation Misleads | FinRegRag
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
More Capital Regulation or Just More Capital? | FinRegRag
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
From the Fed’s Corridor to the Floor Operating System... and Back? | FinRegRag
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- | Regulation Regulation
- | Expert Commentary Expert Commentary
A Simpler Way to Clawback and RECOUP Losses | FinRegRag
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- | 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
-
- | Financial Markets Financial Markets
- | Policy Spotlights Policy Spotlights
More Bank Equity Means Less Reliance on Deposit Insurance
-
- | Regulation Regulation
- | Expert Commentary Expert Commentary
So Which Is It: Too Much, Just Enough or Not Enough Bank Capital? | FinRegRag
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Historical Perspectives On the Size of Recent Bank Failures | FinRegRag
-
- | Financial Markets Financial Markets
- | Data Visualizations Data Visualizations
Small Banks by the Numbers, 2000–2014
-
- | 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
Yes, Risk-based Capital Contributed to the Crisis, Can Be Gamed… | FinRegRag (Substack)
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Why Revising the Supplementary Leverage Ratio Keeps Coming up and What To Do About It | FinRegRag
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
FinRegRant #9 | FinRegRag
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
ChatGPT 4.0 on 'Synthetic Contingent Liability' Clawback Regulation | FinRegRag
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Yes, Simpler, Higher Capital Requirements Are a Better Capital Rule | American Banker
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
ChatGPT 4.0 on Simple, Higher Regulatory Capital Requirements | FinRegRag (Substack)
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Why Risk-weighted Capital Regulation Misleads | FinRegRag
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
More Capital Regulation or Just More Capital? | FinRegRag
-
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
From the Fed’s Corridor to the Floor Operating System... and Back? | FinRegRag
-
- | Regulation Regulation
- | Expert Commentary Expert Commentary
A Simpler Way to Clawback and RECOUP Losses | FinRegRag