Amiyatosh Purnanandam

Michael Stark Professor of Finance

Ross School of Business, University of Michigan

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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:


Cashless Payments and Economic Growth

Online Lending and Credit Market Frictions 

Bank Risk: 

Stress Tests

Detection of bank Risk 

Mortgage and Real Estate Finance: 

Disaster-relief Home Loan Programs

Climate Finance: 

Carbon Emissions and Shareholder Value


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