Hesna Genay is a senior economist and research advisor in the research department at the Federal Reserve Bank of Chicago. She provides policy support to the president of the bank in his role in the Federal Open Market Committee (FOMC), his interactions with the Board of Directors of the Federal Reserve Bank of Chicago and in public outreach functions. Genay’s research interests include the Japanese banking system, corporate finance and governance, small business financing and venture capital. Her research appeared in the Journal of Money, Credit and Banking, the Journal of the Japanese and International Economies and Brookings-Wharton Papers on Financial Services. Genay is also an associate editor of the Economics Bulletin. She received a bachelor's degree in economics and a Ph.D. in international economics from the University of Rochester.
Chicago Fed Letter
- Why Aren’t Banks Lending More? The Role of Commercial Real Estate
Sumit Agarwal, Hesna Genay, Robert McMenamin | 2010 | No. 281 | December
Download - Rising Interest Rates, Bank Loans and Deposits
Hesna Genay | 2004 | No. 208 | November
Download - Recent Trends in Deposit and Loan Growth: Implications for Small and Large Banks
Hesna Genay | 2000 | No. 160 | December
Download - Japanese Banks and Market Discipline
Hesna Genay | 1999 | No. 144 | August
Download - Issues in Funding the Activities of Small Firms through SBICs
Elijah Brewer III, Hesna Genay, William Jackson III, Paula R. Worthington | 1997 | No. 113 | January
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Economic Perspectives
- Banking relationships during financial distress: The evidence from Japan
Elijah Brewer III, Hesna Genay, George G. Kaufman | 2003 | Vol. 27 | July | 3rd Quarter
Download - Assessing the condition of Japanese banks: How informative are accounting earnings?
Hesna Genay | 1998 | Vol. 22 | December | 4th Quarter
Download - Labor market fluctuations in Japan and the U.S.-How similar are they?
Hesna Genay, Prakash Loungani | 1997 | Vol. 21 | April | 3rd Quarter
Download - How are small firms financed? Evidence from small business investment companies
Elijah Brewer III, Hesna Genay, William Jackson III, Paula R. Worthington | 1996 | Vol. 20 | November | 4th Quarter
Download - Performance and Access to Government Guarantees: The Case of Small Business Investment Companies
Elijah Brewer III, Hesna Genay, William Jackson III, Paula R. Worthington | 1996 | Vol. 20 | September | 3rd Quarter
Download - Funding small businesses through the SBIC program
Elijah Brewer III, Hesna Genay | 1994 | Vol. 18 | May | 2nd Quarter
Download - Japan's corporate groups
Hesna Genay | 1991 | Vol. 15 | January | 1st Quarter
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Working Papers
- Federal Reserve Policies and Financial Market Conditions during the Crisis (REVISED July 2011)
Scott Brave, Hesna Genay | 2011 | No. 2011-04 | May
Download - The Value of Banking Relationships During a Financial Crisis: Evidence from Failures of Japanese Banks
Elijah Brewer III, Hesna Genay, William C. Hunter, George G. Kaufman | 2002 | No. 2002-20
Download - Globalization of Financial Institutions: Evidence from Cross-Border Banking Performance
Allen N. Berger, Robert DeYoung, Hesna Genay, Gregory F. Udell | 1999 | No. 1999-25
Download - A Trojan Horse or the Golden Fleece? Small Business Investment Companies and Government Guarantees
Elijah Brewer III, Hesna Genay, William Jackson III, Paula R. Worthington | 1997 | No. 1997-22
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