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Faculty and Staff Profile

Lucy Chernykh

Wells Fargo Professor of Banking
Associate Professor of Finance

Office: 324-C Sirrine Hall
Phone: (864) 656 4950

 Educational Background

Ph.D. Finance
Drexel University 2005

 Courses Taught

Financial Institutions and Markets
Management of Financial Institutions
Financial Management II


Dr. Lucy Chernykh is the Wells Fargo Professor of Banking. Her current research focuses on international finance, with primary interest in emerging market banking and regulation. Her work has been published in the Journal of Financial Economics, Journal of Corporate Finance, Journal of Banking and Finance, and the Journal of Financial Stability. She has also won several research and teaching awards. Dr. Chernykh has served as an International Finance track chair and Financial Markets and Institutions track chair for the Eastern Finance Association and Southern Finance Association meetings. She also served as a member of the Board of Directors of the Eastern Finance Association and was elected to serve on the Board of Directors for the Southern Finance Association.

 Research Interests

Emerging Markets Banking and Finance

 Research Publications

Chernykh, Lucy and Sergey Mityakov (2017). "Offshore Schemes and Tax Evasion: The Role of Banks," Journal of Financial Economics 126, 516-542.

Chernykh, Lucy and Rebel A. Cole (2015). "How Should We Measure Bank Capital Adequacy for Triggering Prompt Corrective Action? A (Simple) Proposal," Journal of Financial Stability 20, 131-143.

Chernykh, Lucy (2014). "Dwarf Banks," Journal of Banking and Finance 38, 31-40.

Chernykh, Lucy (2011). "Profit or Politics? Understanding Renationalizations in Russia," Journal of Corporate Finance 17, 1237-1253.

Chernykh, Lucy and Rebel A. Cole (2011). "Does Deposit Insurance Improve Financial Intermediation? Evidence from the Russian Experiment," Journal of Banking and Finance 35, 388-402.

Chernykh, Lucy and Alexandra K. Theodossiou (2011). " Determinants of Bank Long-Term Lending Behavior: Evidence from Russia," Multinational Finance Journal 15, 193-216.

Chernykh, Lucy (2008). "Ultimate Ownership and Control in Russia," Journal of Financial Economics 88, 169-192.


“Bank Bailouts with On-site Monitors: Evidence from a Regulatory Experiment” (revise and resubmit at the Review of Finance)

“Who sees what? Corporate deposit flows during a banking crisis,” with Sergey Mityakov

“Audit and Fraud: Evidence from Bank Failures”

"Supervisory Oversight and Internal Fraud in Failing Banks"

"Financial Stability and Public Confidence in Banks," with Denis Davydov and Jukka Sihvonen