John Sedunov, PhD
Professor of Finance and Real Estate | Villanova School of Business | Villanova University
Villanova, PA, UNITED STATES
John Sedunov, PhD, is an expert in banking, cryptocurrencies and financial institutions
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Areas of Expertise (16)
Blockchain
Federal Reserve
Tariffs
Political Economy
Fintech
Cryptocurrencies
Financial Institutions
Risk Management
Systemic Risk and Financial Crises
Banking
International Mergers and Acquisitions
Alternative Investments
Bitcoin
Banking Regulation
Trade
Business
Biography
Professor Sedunov's research and teaching interests include risk management, financial crises, banking, and systemic risk. He is a go-to media expert for Bitcoin and other cryptocurrencies as well as FinTech. Sedunov can also discuss the economic ramifications of political developments and policy changes.
Education (3)
The Ohio State University: PhD
The Ohio State University: MA
Carnegie Mellon University: BA
Select Accomplishments (4)
Global Leadership Research Excellence Award (professional)
2016 Villanova Center
Global Leadership Research Excellence Award (professional)
2014 Villanova Center (Honorable Mention)
Ph.D. Student Travel Grant (professional)
2011 American Finance Association
Semi-Finalist for the Best Paper Award at the Financial Management Association conference (professional)
2016 Paper: "Do bank bailouts reduce or increase systemic risk? the effects of TARP on financial system stability?"
Links (3)
Select Media Appearances (11)
Household debt is at an all-time high, but 2008 was still worse, report finds
CNBC online
2023-08-25
“We also can’t discount the importance of higher interest rates on the costs of borrowing for households,” said John Sedunov, associate professor of finance at Villanova University’s School of Business. “Not only are goods and services more expensive, but so is money.”
Average consumer carries $5,947 in credit card debt — a 10-year high
CNBC online
2023-08-10
“We also can’t discount the importance of higher interest rates on the costs of borrowing for households,” said John Sedunov, associate professor of finance at Villanova University’s School of Business. “Not only are goods and services more expensive, but so is money.”
Why almost everyone failed to predict Silicon Valley Bank’s collapse
CNN online
2023-03-26
“The bank would’ve appeared to have been healthy, if you look at their capital position, their liquidity ratios…they would’ve been fine,” said John Sedunov, professor of finance at Villanova University. “Those traditional big-picture things, the front page items…They should have been fine.”
Fintechs capitalize on concerns over FDIC's limited insurance for deposits
Yahoo!
2023-03-25
“It is clear that some companies can push these products — even though in some cases they were offered before the SVB crisis unfolded — to capitalize on the uncertainty created by this crisis, and attract business away from potential competitors,” John Sedunov, a finance professor at Villanova University, told Yahoo Finance.
Two Swiss Banking Giants Combine to Quell Growing Global Bank Crisis
The Washington Post online
2023-03-19
Credit Suisse, the battered Swiss bank, has agreed to an emergency takeover by its rival UBS, Switzerland’s largest bank, a move engineered by the Swiss government to stave off immediate concerns of a global financial crisis. “Credit Suisse was already on shaky ground,” said John Sedunov, a finance professor at Villanova University. “There was a confluence of factors, a confluence of missteps along the way that got us here. But most recently, people started to panic. They looked for weak spots, and Credit Suisse happened to be a big one.”
Wall Street Banks Will Put $30 Billion Into Beleaguered First Republic
The Washington Post online
2023-03-16
Eleven of the nation’s largest banks announced Thursday that they would deposit a total of $30 billion into First Republic Bank, as Wall Street and U.S. officials staged an emergency intervention aimed at quelling tremors in the financial sector. “This is as large of a bank-to-bank intervention that we have seen, where you have one institution stepping in to help another institution,” said John Sedunov, a professor of finance at Villanova University. “We have not yet reached total failure meltdown stage, and this is an attempt to stop the bleeding before things get worse and you have more widespread panic.”
If bitcoin is so safe, why does it keep getting hacked?
Vox
2019-05-08
“These types of currencies are unbelievably attractive to a thief or a hacker because of the anonymous nature of it,” John Sedunov, a professor of finance at Villanova University, said. “There’s more of an appeal, because if I go rob a bank, I’m on camera, etc. If I steal a bitcoin from an exchange, I have a string of random letters and numbers attached to me, and nobody is going to figure out who I am.”
Lessons to Investors From Bitcoin's First Decade
U.S. News
2019-01-03
Bitcoin recently passed its 10th birthday, having given some owners huge gains, others enormous losses. It hasn't been in the news so much recently due to a slump from its all-time high over $17,000 a coin a year ago to below $8,000 last February. It opens 2019 around $3,700. So, what have investors learned in the first 10 years? Will the ride be as wild in the next decade? Will bitcoin extend its reach as an actual currency for buying meals and paying the rent? Does that matter? "I think that, right now, those who should think about investing in cryptocurrencies should be those who have an appetite for risk," says John Sedunov, assistant finance professor at Villanova University School of Business.
Cryptocurrency Exchanges Are Getting Hacked Because It’s Easy
The Wall Street Journal online
2018-07-16
Currently sitting at around $6,300, bitcoin trades near its low for the year and well off its record high near $20,000 established in December. The hacks are “bad for users, bad for exchanges and terrible for confidence,” said John Sedunov, an assistant professor of finance at Villanova University. “If I don’t have confidence in where I’m storing my crypto assets or where I’m investing, how can I really trust any of this?”
Why bitcoin exchanges keep getting hacked — and how to protect yourself
Washington Post online
2018-06-20
"Bitcoin and other cryptocurrencies have risen dramatically in popularity and value over the past few years," said John Sedunov, an assistant professor of finance at Villanova University. "This fast run-up may have caught some exchanges off-guard, and they may not have had the capital on hand, time, or even the technical ability to ramp up security features fast enough to ward off potential attackers."
Wells Fargo isn't the only bank with fake accounts, regulators say
CNN
2018-06-06
Banks that were found to have problems "have already taken -- or are in the process of" taking corrective actions such as closing accounts, refunding customers and fixing credit bureau information, the OCC said. "It's certainly troubling that this appears to be more widespread than one bank," said John Sedunov, a finance professor at Villanova.
Select Academic Articles (6)
Does Bank Technology Impact Small Business Lending Decisions?
Journal of Financial ResearchJohn Sedunov
2017
Bank liquidity creation and real economic output
Journal of Banking & FinanceBerger, A and Sedunov, J
2017
Governance mechanisms and effective activism: evidence from shareholder proposals on poison pills
Journal of Empirical FinanceMireia Gine, Rabih Moussawi, and John Sedunov
2017
Do bank bailouts reduce or increase systemic risk? the effects of TARP on financial system stability
The Federal Reserve Bank of Kansas City ResearchAllen N Berger, Raluca A Roman, and John Sedunov
2016
What is the systemic risk exposure of financial institutions?
Journal of Financial StabilitySedunov, J
2016
A comprehensive approach to measuring the relation between systemic risk exposure and sovereign debt
Journal of Financial StabilityMichael S Pagano and John Sedunov
2016
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