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Presenter Bios: Charles Calomiris


Charles W. Calomiris is Paul M. Montrone Professor of Finance and Economics at the Columbia University Graduate School of Business and a Professor in the Department of International and Public Affairs at Columbia University’s School of International and Public Affairs. He co-directs the Project on Financial Deregulation at the American Enterprise Institute and is the Arthur Burns Scholar in International Economics at AEI. He is a member of the Shadow Financial Regulatory Committee, is a Research Associate of the National Bureau of Economic Research, and is a Senior Fellow at the Council on Foreign Relations. Professor Calomiris served on the International Financial Institution Advisory Commission, a Congressional commission to advise the U.S. government on the reform of the IMF, the World Bank, the regional development banks, and the WTO. His research spans several areas, including banking, corporate finance, financial history, and monetary economics. He received a B.A. in economics from Yale University in 1979 and a Ph.D. in economics from Stanford University in 1985.

His recent publications include: U.S. Bank Deregulation in Historical Perspective (Cambridge University Press, 2000), Emerging Financial Markets (with David Beim, Irwin-McGraw Hill, 2000), “Blueprints for a New Global Financial Architecture” in International Financial Markets: The Challenge of Globalization (Leonardo Auernheimer, ed., University of Chicago Press, 2000), “Is the Bank Merger Wave of the 1990s Efficient?” (with Jason Karceski) in Mergers and Productivity (Steven Kaplan, ed., University of Chicago Press, 2000) “Contagion and Bank Failures During the Great Depression: The June 1932 Chicago Banking Panic” (with Joseph Mason) in the American Economic Review (December 1997), “Building an Incentive-Compatible Safety Net,” in the Journal of Banking and Finance (October 1999), “Designing the Post-Modern Bank Safety Net: Lessons from Developed and Developing Economies” in Money, Prices, and the Real Economy (Geoffrey Wood, ed., Edward Elgar Publishing,1998), “The IMF’s Imprudent Role as Lender of Last Resort” in The Cato Journal (Winter 1998), “Universal Banking American-Style” in the Journal of Institutional and Theoretical Economics (March 1998), and “Was the Great Depression a Watershed in American Monetary Policy?” (with David Wheelock), in The Defining Moment: The Great Depression and the American Economy in the Twentieth Century (Michael Bordo, Claudia Goldin, and Eugene White, eds., University of Chicago Press, 1998),

Professor Calomiris is the recipient of research grants or awards from the National Science Foundation, the World Bank, the Japanese Government, the Herbert V. Prochnow Foundation, and the Garn Institute of Finance. In 1995 he was named a University Scholar at the University of Illinois, where he served as Associate Professor of Finance and Co-Director of the Office for Banking Research. He is a member of the editorial boards of the Journal of Banking and Finance, the Journal of Financial Services Research, the Journal of Financial Intermediation, the Journal of Economic History, the Journal of Economics and Business, and Explorations in Economic History. Professor Calomiris serves or has served as a consultant or visiting scholar for the Federal Reserve Banks of New York, Chicago, Cleveland, and St. Louis, the Federal Reserve Board, the World Bank, and the governments of Mexico, Argentina, Japan, China, and El Salvador.

He designed (with David Beim) and teaches a new MBA and Executive MBA case course on emerging market financial transactions, which won the 1997-1998 Chazen International Innovation Prize at Columbia Business School. Professor Calomiris also teaches a course for senior World Bank managers on “Bank Regulation and Exchange Rate Policy in Developing Economies,” and teaches a course in the executive education program at the International Monetary Fund on the same topic.

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