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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- | Regulation Regulation
- | Policy Briefs Policy Briefs
EDGE (Estimated Debt Guarantee Expenses) Database
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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
- | Policy Briefs Policy Briefs
Fundamentals: Key Insights on Banks, Banking Crises, and Policy Solutions
What policymakers can do to make banks more resilient -
- | Financial Markets Financial Markets
- | Policy Briefs Policy Briefs
Fundamentals: Bank Regulation and Supervision
Bank capital remains central to the US banking system’s safety and soundness -
- | 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
- | 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
Historical Perspectives on the Number of Banks
A Series on Bank Size and Concentration
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Basel Framework Keeps Growing More Complex
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
On the Rising Regulatory Burden of Basel-Style Bank Capital Requirements
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- | Regulation Regulation
- | Expert Commentary Expert Commentary
Did the Gramm-Leach-Bliley Act Deregulate?
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Did the Gramm-Leach-Bliley Act Deregulate?
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
The Recourse Rule and Its Role in the Last Crisis: An Update
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
“Record Bank Profits” May Not Mean “Record Bank Performance”
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Beware Bank Lobbying
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- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Calm Your Financial Fears
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- | Expert Commentary Expert Commentary
A Higher Leverage Ratio Can Prevent Crises, and That Matters
-
- | Regulation Regulation
- | Policy Briefs Policy Briefs
EDGE (Estimated Debt Guarantee Expenses) Database
-
- | 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
- | Policy Briefs Policy Briefs
Fundamentals: Key Insights on Banks, Banking Crises, and Policy Solutions
What policymakers can do to make banks more resilient -
- | Financial Markets Financial Markets
- | Policy Briefs Policy Briefs
Fundamentals: Bank Regulation and Supervision
Bank capital remains central to the US banking system’s safety and soundness -
- | 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
- | 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
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