Paul Orzechowski earned his Ph.D. in economics from the New School for Social Research and currently teaches finance and investment courses at CSI. Before CSI, he was an adjunct professor at Monmouth University. Prior to his academic career, Orzechowski had over 15 years in commercial lending banking experience in which he established and managed US Small Business Administration (SBA) loan departments at various banks including Independence Community Bank in Brooklyn, NY. Orzechowski started his banking career working for the SBA in its venture capital Small Business Investment Corporation program as a financial analyst. He also worked in the Newark, NJ office as a senior loan officer underwriting and approving commercial SBA loans to small businesses.
Research interests:
Bank Lending, Bank Capital, and Securitization; Monetary Economics; Financial Economics; Behavioral Economics/Finance; Financial Modeling & Econometrics; Financial Engineering; and History of Economic Thought
Degrees
Ph.D. in Economics, New School for Social Research
M.Phil. in Economics, New School for Social Research
M.A. in Economics, Catholic University of America
B.A. in Economics, Waynesburg College
Refereed (peer reviewed) Articles:
“Small Business Administration Loans, Economic Development and State-level Employment,” Review of Financial Economics, forthcoming, 2023.
“U.S. Small Business Administration Loans and U.S. State-Level Employment,” Journal of Economics and Finance, July 2020, 44(3):486–505.
“George Scrope, Free Bankers, and the Bank Charter Act of 1833,” Essays in Economics and Business History, July 2019, 37(1):2–27.
“The Bank Capital Channel and Bank Profits,” Review of Financial Economics, July 2019, 37(3): 372–388.
“The Case for a Private Healthcare Insurance Monopoly,” Applied Health Economics and Health Policy, August 2018, 16(4): 433–443.
“Bank profits, loan activity, and monetary policy: evidence from the FDIC's Historical Statistics on Banking,” Review of Financial Economics, April 2017, 33(1): 55–63.
“Securitization Market Share and Bank Mortgages,” Banking and Finance Review, June 2016, 8(1): 21–38.
“Bank capital, loan activity, and monetary policy: evidence from the FDIC’s Historical Statistics on Banking,” Journal of Economics and Finance, February 2016, 41(2): 392–407.
Conference Presentation:
Orzechowski, P., 2019. Small Business Administration Loans, Economic Development, and State-level Employment, Eastern Economic Association Conference, New York, NY (03/03/19)
Orzechowski, P., 2018. U.S. Small Business Administration Loans and U.S. State-level Employment, Eastern Economic Association Conference, Boston, MA (03/02/18)
Orzechowski, P., 2017. Are U.S. Small Business Administration loans significant,Pennsylvania Economic Association Conference, Reading, PA (06/02/17)
Orzechowski, P., 2017. Scrope, the Classical Economists, and Free Banking, Eastern Economic Association Conference, New York, NY (02/25/17)
Orzechowski, P., 2016. Bank Profit, Loan Activity, and Monetary Policy: Evidence from the FDIC’s Historical Statistics on Banking, Eastern Economic Association Conference, New York, NY (02/25/16)
Orzechowski, P., 2015. Bank Capital, Loan Activity, and Monetary Policy: Evidence from the FDIC’s Historical Statistics on Banking, Northeast Business and Economics Association Conference, Queens, NY (11/06/15)
Orzechowski, P., 2015. Endogenous Money, Bank Capital and Bank Profits, Pennsylvania Economic Association Conference, Reading, PA (05/29/15)
Orzechowski, P., 2015. Securitization Market Share and Monetary Policy, Eastern Economic Association Conference, New York, NY (02/27/15)
Orzechowski, P., 2014. Real Estate Securitization and Real Estate Lending, Eastern Economic Association Conference, Boston, MA (03/08/14)
Orzechowski, P., 2013. Big Banks, Small Banks, and Real Estate Securitization: Is there a lending pattern?, Eastern Economic Association Conference, New York, NY (05/09/13)
Orzechowski, P., 2012. Bank Capital, Bank Profits, and Loan Activity, Eastern Economic Association Conference, Boston, MA (03/09/12)
Orzechowski, P., 2011. Bank Profit, Loan Activity, and Monetary Policy, Eastern Economic Association Conference, New York, NY (02/25/11)
Orzechowski, P., 2010. The Bank Lending Channel, Market Share and Securitization, Eastern Economic Association Conference 2010, Philadelphia, PA (02/28/10)
Orzechowski, P., 2009. Bank Capital, Loan Activity, and Monetary Policy: Evidence from the FDIC’s Historical Statistics on Banking, Eastern Economic Association Conference, New York, NY (02/25/09)
Dissertation Title:
The Monetary Transmission Mechanism: How Bank Capital, Bank Profits, and Securitization Influence Loan Behavior
