Conference Committee Announces Paper with Most Significant Contribution to Banking Policy

The conference committee has announced the selection of “The Effects of Competition in Consumer Credit Markets,” by Stefan Gissler, Rodney Ramcharan and Edison Yu, as the paper that made the “most significant contribution to banking policy” at the 2018 Community Banking in the 21 st Century research and policy conference. The conference, sponsored by the Federal Reserve, the Conference of State Bank Supervisors and the FDIC, was held Oct. 3-4, 2018 at the Federal Reserve Bank of St. Louis.

In the paper, Gissler, Ramcharan and Yu look at how community banks are responding to increased competition from credit unions and explores the consequences for consumers and the financial system.

Gissler is an economist in the Systemic Financial Institutions and Markets section of the Research and Statistics division of the Federal Reserve Board of Governors. Ramacharan is the associate professor of finance and business Economics (tenured) with the Marshall School of Business at the University of Southern California and director of research with USC's Lusk Center for Real Estate. Yu is a senior economist with the Federal Reserve Bank of Philadelphia.