Directory

David VanHoose

Herman W. Lay Professor of Private Enterprise - Economics

Contact Information

Email:	David_VanHoose@baylor.edu
Fax:	(254) 710-6142

Work Experience

• Professor of Economics and Herman W. Lay Professor of Private Enterprise, Baylor University (August 2001 - Present)

Consulting

• Academic, Financial Markets Scholar, Mercatus Institute, George Mason University (September 2012 - April 2013)
• Academic, Senior Research Fellow, Networks Financial Institute, Indianapolis, Indiana (April 2006 - December 2016)

Awards and Honors

• Hankamer School of Business Distinguished Professor Award, Baylor University Hankamer School of Business (April 23, 2008)

Publications

Basic or Discovery Scholarship

"Macroprudential Regulatory Policies with a Dominant-Bank Oligopoly and Fringe Banks," Journal of Economics and Business, Vol. 124, (March 2023), pp. 106118 (coauthors: Enzo Dia).

The Industrial Organization of Banking: Bank Behavior, Market Structure, and Regulation, Third Edition: Springer, November 2022.

"Differentiated Atributes and Service-Quality Competition as Sources of Portfolio Interdependence and Diverging Scales in Banking," Economics Letters, Vol. 219, (August 2022), pp. 110823 (coauthors: Enzo Dia).

"Equal Treatment under the Fed: Interest on Reserves, the Federal Funds Rate, and the ‘Third Regime’ of Bank Behavior," Journal of Economics and Business, Vol. 107, (January 2020) (coauthors: Donald Dutkowsky).

"Expected Inflation and the Sacrifice Ratio," International Finance, Vol. 22, No. 3, (December 2019), pp. 307-322 (coauthors: Joseph P. Daniels, Sandeep Mazumder).

"Real Resource Utilization in Banking, Economies of Scope, and the Relationship between Retail Loans and Deposits," Economics Letters, Vol. 77, (January 2019), pp. 39-42 (coauthors: Enzo Dia).

"Breaking Up Isn't Hard to Do: Interest on Reserves and Monetary Policy," Journal of Economics and Business, Vol. 99, (October 2018), pp. 15-27 (coauthors: Donald Dutkowsky).

"Fixed Costs and Capital Regulation: Impacts on the Structure of Banking Markets and Aggregate Loan Quality," Journal of Financial Stability, Vol. 36, (June 2018), pp. 53-65 (coauthors: Enzo Dia).

"Interest on Reserves and Federal Reserve Unwinding," Journal of Economics and Business, Vol. 97, (May 2018), pp. 28-38 (coauthors: Donald Dutkowsky).

Teaching and Learning Scholarship

Global Economic Issues and Policies, 4th Edition: Routledge, January 2018 (coauthors: Joseph P. Daniels).

Basic or Discovery Scholarship

"Bank Taxes and Loan Monitoring: A Cautionary Tale," Manchester School, The, Vol. 86, No. 1, (January 2018), pp. 1-20 (coauthors: Enzo Dia).

"Banking in Macroeconomic Theory and Policy," Journal of Macroeconomics, Vol. 54, (July 2017), pp. 149-160 (coauthors: Enzo Dia).

The Industrial Organization of Banking: Bank Behavior, Market Structure, and Regulation: Springer, Second Edition, May 2017.

"Interest on Reserves, Regime Shifts, and Bank Behavior," Journal of Economics and Business, Vol. 91, (May 2017), pp. 1-15 (coauthors: Donald H. Dutkowsky).

"Capital Intensities and International Trade in Banking Services," Journal of International Financial Markets, Institutions & Money, Vol. 46, (January 2017), pp. 54-69 (coauthors: Enzo Dia).

"Should Financial Regulators Engage in International Policy Coordination?," International Economics and Economic Policy, Vol. 13, No. 2, (April 2016), pp. 319-338.

"Implications of Globalization for the Output-Inflation Relationship: An Assessment," Open Economies Review, Vol. 26, No. 1, (February 2015) (coauthors: Joseph Daniels, Sandeep Mazumder).

Teaching and Learning Scholarship

Global Economic Issues and Policies, 3rd Edition: Routledge, April 2014 (coauthors: Joseph P. Daniels).

Basic or Discovery Scholarship

E-Commerce Economics, Critical Concepts in Economics Series, Volumes 1-4, Editor, Abingdon: Routledge, February 2014.

"Optimal Bank Sweeping and Interest on Demand Deposits with Imperfect Competition and Interest on Reserves," Journal of Macroeconomics, Vol. 38, (December 2013), pp. 192-202 (coauthors: Donald Dutkowsky).

"A Model of International Trade in Banking Services," Open Economies Review, Vol. 24, No. 4, (September 2013), pp. 613-625.

"Bank Balance Sheet Dynamics under a Regulatory Liquidity-Coverage-Ratio Constraint," Journal of Macroeconomics, Vol. 37, No. 1, (September 2013), pp. 53-67 (coauthors: Lakshmi Balasubramanyan).

"Exchange-Rate Pass Through, Openness, and the Sacrifice Ratio," Journal of International Money and Finance, Vol. 36, (September 2013), pp. 131-150 (coauthors: Joseph Daniels).

"Implications of Shifting Retail Market Shares for Loan Monitoring in a Dominant-Bank Model," Scottish Journal of Political Economy, Vol. 60, No. 3, (July 2013), pp. 291-316.

"Evaluating the Centralized-Layers Approach to US Federal Financial Regulation," (April 2013).

"Would Taxing Banks Really Make the Banking System Safer?," (February 2013).

Teaching and Learning Scholarship

International Monetary and Financial Economics: Pearson, January 2013 (coauthors: Joseph P. Daniels).

Basic or Discovery Scholarship

"Can Capital Requirements Induce Private Monitoring That Is Socially Optimal?," Journal of Financial Stability, Vol. 8, No. 4, (December 2012), pp. 252-262 (coauthors: Kenneth J. Kopecky).

"Imperfect Competition in Bank Retail Markets, Deposit and Loan Rate Dynamics, and Incomplete Pass Through," Journal of Money, Credit and Banking, Vol. 44, No. 6, (September 2012), pp. 1185-1205 (coauthors: Kenneth J. Kopecky).

"Durable Goods and Sticky Prices: Industry-Level Evidence," Economics Letters, Vol. 116, No. 3, (September 2012), pp. 460-464 (coauthors: Carl R. Gwin).

"Price and Wage Stickiness, Inflation, and Profits," Manchester School, The, Vol. 80, No. 3, (June 2012), pp. 263-278 (coauthors: Carl Gwin).

"Regulatory Constraints on Performance-Based Managerial Compensation, Bank Monitoring, and Aggregate Loan Quality," Atlantic Economic Journal, Vol. 39, No. 4, (December 2011), pp. 315-328.

"Systemic Risks and Macroprudential Bank Regulation: A Critical Appraisal," Journal of Financial Transformation, Vol. 33, No. 12, (December 2011), pp. 45-60.

"Interest on Bank Reserves and Optimal Sweeping," Journal of Banking & Finance, Vol. 35, No. 9, (September 2011), pp. 2491-2497 (coauthors: Donald Dutkowsky).

Teaching and Learning Scholarship

Global Economic Issues and Policies, Routledge, 2nd Edition, London and New York, July 2011 (coauthors: Joseph P. Daniels).

Basic or Discovery Scholarship

"Search Costs, Sticky Prices, and Markups," Applied Economics, Vol. 43, No. 17, (July 2011), pp. 2219-2228 (coauthors: Carl Gwin).

Teaching and Learning Scholarship

E-Commerce Economics, Routledge, 2nd Edition, London and New York, March 2011.

Basic or Discovery Scholarship

""Regulation of Bank Management Compensation," Financial Market Regulation," : Springer, January 2011, pp. 163-183 (coauthors: John Tatom).

The Industrial Organization of Banking: Bank Behavior, Market Structure, and Regulation: Springer, January 2010.

"Internet Banking," Vol. 2009-PB-12, (December 2009).

"Two-Sided Bank Card Payment Networks and Public Policy," Lydian Payments Journal, Vol. 1, No. 1, (November 2009).

"Openness, Income-Tax Progressivity, and Inflation," Journal of Macroeconomics, Vol. 31, No. 3, (September 2009), pp. 485-491 (coauthors: Joseph P. Daniels).

"Trade Openness, Capital Mobility, and the Sacrifice Ratio," Open Economies Review, Vol. 20, No. 3, (September 2009), pp. 473-487 (coauthors: Joseph Daniels).

"Policy Implications of Endogenous Sunk Fixed Costs in Banking: Has U.S. Antitrust Policy Been on the Wrong Track?," (December 2008).

"Disaggregate Evidence on Price Stickiness and Implications for Macro Models," Economic Inquiry, Vol. 46, No. 4, (October 2008), pp. 561-575 (coauthors: Carl Gwin).

"Alternative Measures of Marginal Cost and Inflation in Estimations of New Keynesian Inflation Dynamics," Journal of Macroeconomics, Vol. 30, No. 3, (September 2008), pp. 928-940 (coauthors: Carl R Gwin).

"Bank Capital Regulation, Economic Stability, and Monetary Policy: What Does the Academic Literature Tell Us?," Atlantic Economic Journal, Vol. 36, No. 1, (March 2008), pp. 1-14.

"Theories of Bank Behavior under Capital Regulation," Journal of Banking & Finance, Vol. 31, No. 12, (December 2007), pp. 3680-3697.

"Market Discipline and Supervisory Discretion in Banking: Reinforcing or Conflicting Pillars of Basel II?," Journal of Applied Finance, Vol. 17, No. Fall/Winter, (December 2007), pp. 105-118.

"Assessing Banks’ Costs of Complying with Basel II," No. PB, (September 2007), pp. 18 pages (coauthors: Jack Tatom).

"The Euro and World Inflation," Oxford Economic Papers, Vol. 59, No. 2, (April 2007), pp. 171-193 (coauthors: George Selgin).

"Evaluating the Policy Implications of the Other Two Pillars of Basel II," No. Networks Financial Institute Policy Brief No. 2007-PB-08, (April 2007), pp. 15 (coauthors: Jack Tatom).

Teaching and Learning Scholarship

Money, Banking, and Financial Markets, 3rd edition, Cincinnati, 2007 (coauthors: Roger LeRoy Miller). 2nd edition, 2004; 1st edition, 2001

Basic or Discovery Scholarship

"Openness, Centralized Wage Bargaining, and Inflation," European Journal of Political Economy, Vol. 22, No. 4, (December 2006), pp. 969-988 (coauthors: Joseph P. Daniels and Farrokh Nourzad).

"Openness, the Sacrifice Ratio, and Inflation: Is There a Puzzle?," Journal of International Money and Finance, Vol. 25, No. 8, (December 2006), pp. 1336-1347 (coauthors: Joseph Daniels).

"Capital Regulation, Heterogeneous Monitoring Costs, and Aggregate Loan Quality," Journal of Banking & Finance, Vol. 30, No. 8, (August 2006), pp. 2235-2255 (coauthors: Kenneth Kopecky).

"Openness, Central Bank Independence, and the Sacrifice Ratio," Journal of Money, Credit and Banking, Vol. 37, No. 2, (April 2005), pp. 371-379 (coauthors: Joseph Daniels and Farrokh Nourzad).

Teaching and Learning Scholarship

International Monetary and Financial Economics, 3rd edition, Cincinnati, 2005 (coauthors: Joseph P. Daniels). 2nd edition, 2002; 1st edition, 1999

Basic or Discovery Scholarship

"Bank Capital Requirements and the Monetary Transmission Mechanism," Journal of Macroeconomics, Vol. 26, No. 3, (September 2004), pp. 443-464 (coauthors: Kenneth Kopecky).

"Recent Developments in Understanding the Demand for Money," Journal of Economics and Business, Vol. 56, No. 4, (July 2004), pp. 247-272 (coauthors: John V. Duca).

"The New Open Economy Macroeconomics: A Critical Appraisal," Open Economies Review, Vol. 15, No. 2, (April 2004), pp. 193-215.

Teaching and Learning Scholarship

Global Economic Issues and Policies, 1st edition, Cincinnati, 2004.

Macroeconomics: Theories, Policies, and International Applications, 3rd edition, Cincinnati, 2004 (coauthors: Roger LeRoy Miller). 1st edition, 1998, 2nd edition, 2001

Basic or Discovery Scholarship

"Currency Substitution, Seigniorage, and Currency Crises in Interdependent Economies," Journal of Economics and Business, Vol. 55, No. 3, (May 2003), pp. 221-232 (coauthors: Joseph P. Daniels).

Teaching and Learning Scholarship

E-Commerce Economics, 1st edition, Cincinnati, 2003.

Basic or Discovery Scholarship

"Asymmetric Wage Indexation," Atlantic Economic Journal, Vol. 30, No. 1, (March 2002), pp. 34-47 (coauthors: James P. Cover).

"The Rise of Goods-Market Competition and the Fall of Wage Contracting: Endogenous Wage Contracting in a Multisector Economy," Journal of Macroeconomics, Vol. 23, No. 1, (January 2001), pp. 29-Jan (coauthors: John V. Duca).

"Central Bank Policymaking in Competing Payment Systems," Atlantic Economic Journal, Vol. 28, No. 2, (June 2000), pp. 117-139.

"Has Greater Competition Restrained Inflation?," Southern Economic Journal, Vol. 66, No. 3, (January 2000), pp. 479-491 (coauthors: John V. Duca).

"The Nonstationarity of Money and Prices in Interdependent Economies," Review of International Economics, Vol. 7, No. 1, (February 1999), pp. 87-101 (coauthors: Joseph P. Daniels).

"Implications of Economic Interdependence for Endogenous Wage Indexation Decisions," Scandinavian Journal of Economics, Vol. 100, No. 4, (December 1998), pp. 693-710 (coauthors: Jay Bryson and Chih-huan Chen).

"Goods-Market Competition and Profit Sharing: A Multisector Macro Approach," Journal of Economics and Business, Vol. 50, No. 4, (November 1998), pp. 525-534 (coauthors: John V. Duca).

"The Rise of Goods-Market Competition and the Decline in Wage Indexation," Journal of Macroeconomics, Vol. 20, No. 3, (July 1998), pp. 579-598 (coauthors: John V. Duca).

Presentations and Proceedings