Amiyatosh Purnanandam
Michael Stark Professor of Finance
Ross School of Business, University of Michigan
New: New paper (with Edward Kim and Shohini Kundu) on the economic implications of reciprocal deposits. Reciprocal deposits allow banks to obtain a much higher level of deposit insurance for their clients by breaking large deposits into smaller pieces and placing them with other banks on a reciprocal bases. After the SVB crisis, banks significantly increased the use of these deposits, and it has implications for financial stability and the IO of banking. Paper here.
Ongoing Research Themes:
FinTech:
Cashless Payments and Economic Growth
Online Lending and Credit Market Frictions
Bank Risk:
Mortgage and Real Estate Finance:
Disaster-relief Home Loan Programs
Climate Finance:
Carbon Emissions and Shareholder Value
Contact
Stephen M. Ross School of Business
University of Michigan
701 Tappan St.
Room R5436
Ann Arbor, MI 48109-1234
Phone: 734-764-6886
Email: amiyatos [at] umich [dot] edu