RESUME
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Vice Dean
of Faculty Corporate
Governance and Ethics |
Telephone:
(212) 998-0707 |
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Education * Academic Experience * Visiting Appointments
* Professional Affiliations * Honors *
Publications
* Special Projects*
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A.B. Economics (summa
cum laude) Lehigh University, 1962 Assistant
Professor of Economics, University of Missouri-St. Louis, 1965-1968 Associate
Professor of Economics, University of Missouri-St. Louis, 1968-1970 Chairman,
Department of Economics, University of Missouri-St. Louis, 1967-1970 Senior
Fellow, Center for International Studies, Stern Professor of Economic and Finance, 1970 - present Holder of the Dean Abraham L. Gitlow
Chair, 1987-90 Holder of the Charles Simon Chair, 1990-2003 Holder of the Seymour Milstein Chair, 2003 - present Associate Dean, Doctoral and Research Programs, 1971-1976 Vice Dean for Academic Affairs and Research, 1976-1979 Chairman, International Business, 1980-1983 and 1988-1990 Chairman, Finance, 1983-1985 The Sidney Homer Director, New York University Salomon
Center, 1990-2003 Director, Stern Global Business Institute, 2003-2006 Vice Dean of Faculty, 2008 - present INSEAD, Swiss Bank Corporation Professor of International
Management 1986-1996 Professor of International Management, 1996-2005 Visiting Professor of International Management, 2005
-present American
Economic Association American
Finance Association Association
for Environmental and Resource Economics Financial
Management Association Royal
Economic Society A.B. Summa cum Laude, Phi Beta
Kappa, national scholastic honorary society Beta
Gamma Sigma, national business administration honorary society Omicron
Delta Epsilon, national economics honorary society H.B.
Earhart Foundation Fellowship in Economics, 1962-1963 Union
Bank and Trust Company Fellowship in Business Administration, 1962-1963 Ford
Foundation Doctoral Fellowship in Economic Growth, 1963-1964 and 1964-1965 Ford
Foundation Research Grant on Environmental Economics, 1972-1973 Ford
Foundation Conference Grant, 1974 Rockefeller
Foundation Research Grants, 1974, 1975 and 1978 Rockefeller
Foundation Conference Grants, 1976 and 1982 National
Science Foundation Grant on Technology Transfer (with others), 1975-1976 Alcoa
Foundation Research Grants, 1977, 1978, 1979 and 1980 Volkswagenwerk Foundation Conference Grant, 1978 Deutsche Forschungsgemeinschaft Research Grants, 1978,
1981 and 1984 Excellence
in Teaching Awards, NYU & INSEAD, various years 1985-2006 Fellow, Bernhard
Harms Medal, Kiel Institute for the World Economy, 1992 Elected
to Financial Economists Round Table, 1996. The
Common Market: Economic Integration in The
European Common Market: Growth and Patterns of Trade and Production (New York: Frederick A. Praeger, 1967), 220 pp. Exercises
in Macroeconomics
(New York: McGraw-Hill, 1973). Joint author, with William E. Mitchell and
John H. Hand, 376 pp. Japanese edition 1975. International
Economics (New
York: Ronald Press Company, first edition 1968; second edition 1975), 604 pp.
Third edition, co-authored with Kaj Areskoug (New York: John Wiley, 1981), 510 pp. International
Economics of Pollution (London: Macmillan, and New York: John Wiley, 1975), 206 pp. Multinationals
Under Fire: Lessons in the Management of Conflict (New York: John Wiley, 1980).
Joint author, with T.N. Gladwin, 689 pp. Secret
Money (London:
George Allen & Unwin, 1985), 213 pp. Global
Competition in Financial Services: Market Structure, Protection and Trade
Liberalization
(New York: Ballinger - Harper & Row for the American Enterprise
Institute, 1988). 247 pp. Japanese translation, Investment
Banking in Europe: Restructuring for the 1990s (Oxford: Basil Blackwell 1989),
224 pp. Japanese edition, Global
Financial Services
(New York: Harper & Row, 1990), 805 pp. With Roy C. Smith. Universal
Banking in the Street
Smarts: Leadership, Professional Conduct and Shareholder Value in the
Securities Industry
(Boston: Harvard Business School Press, 1997). With Roy C. Smith. Political
Economy of Financial Integration in Europe: The Global
Capital Markets and Banking (London: McGraw-Hill, 1999). With Roy C. Smith. Investment
Banking in the Euro-Zone ( Global
Banking (New
York: Oxford University Press, First Edition - 1997; Second Edition 2003).
Third edition forthcoming. With Roy C. Smith. Mergers
and Acquisitions in Banking and Finance--What Works, What Does Not, and Why? ( Governing
the Modern Corporation ( BOOKS EDITED OR CO-EDITED International
Economic Relations
(New York: Ronald Press Company, 1966). Joint editor, with Finn B. Jensen,
528 pp. State
and Local Finance
(New York: Ronald Press Company, 1970). Joint editor, with William E.
Mitchell, 450 pp. The
United States and International Markets: Commercial Policy Options in an Age
of Controls
(Boston: D.C. Heath Company, 1972). Contributor and co-editor, with Robert G.
Hawkins, 426 pp. Studies
in International Environmental Economics (New York: Wiley-Interscience,
1976). Editor and contributor, 415 pp. Resource
Conservation: Social and Economic Dimensions of Recycling (New York: New York University
Press, and London: Longman, 1977) Co-editor, with D.W. Pearce, 383 pp. Regional
Dimensions of Environmental Policy (New York: New York University Press, and London:
Macmillan, 1979). Joint editor, with Horst Siebert and Klaus Zimmermann, 290
pp. Journal
of Banking and Finance, Special Issue on International Banking, (Amsterdam: Elsevier-North
Holland, 1981). Editor, 185 pp. Risk
and the Political Economy of Resource Development (London: Macmillan, 1984). Joint
editor, with David W. Pearce and Horst Siebert, 363 pp. Deregulating
Wall Street -- Commercial Bank Penetration of the Corporate Securities Market (New York: John Wiley & Sons,
1985). Editor and contributor. Handbook
of International Business (New York: John Wiley, 1982). Editor, 987 pp. Revised edition 1988. Handbook
of International Management (New York: John Wiley, 1988). Editor, 644 pp. European
Industrial Restructuring in the 1990s (London: Macmillan, 1992). Joint editor, with Karel Cool and Damien Neven. Restructuring
Financial
Systems Design: Universal Banking Considered (Homewood, Ill.: Richard D.
Irwin, 1996). Joint Editor, with Anthony Saunders. MONOGRAPHS AUTHORED OR CO-AUTHORED Exporting
to Latin America: Problems and Opportunities for United States Small Business, edited by Carl H. Madden
(Washington, D.C.: Small Business Administration, 1964). Contributor, with
others, 185 pp. The
Central American Common Market: A Case Study on Economic Integration in
Developing Regions
(New York: New York University Institute of Finance, 1967), 65 pp. Excess
Industrial Capacity and Supplementary Economic Assistance for Developing
Countries (New
York: New York University Center for International Studies Policy Paper,
1971). Joint author, with Fernando Gasparian, 66
pp. The
Formation of Environmental
Control and Consumer Protection: Emerging Forces in Multinational
Corporate Operations (Washington, D.C.: Center for Multinational Studies Occasional Paper
No. 2, June 1972), 47 pp. Environmental
Management and the International Economic Order (New York: New York University
Center for International Studies Policy Paper, Vol. 5, No. 3, 1973), 71 pp. U.S.
Trade Policy in a Changing World Economy, Institut fuer Weltwirtschaft, "Kieler Vortraege", No. 76
(Tuebingen, J.C.B. Mohr (Paul Siebeck),
973), 34 pp. A
Discussion of the International Economic Dimensions of Secondary Materials
Recovery,
Contemporary Issues, No. 2 (Washington, D.C.: Institute for International Economic Policy,
1975), 56 pp. Global
Environmental Resources: The Ozone Problem (Frankfurt: Verlag Peter
Lang, 1982). With Thomas N. Gladwin and Judith L. Ugelow,
74 pp. Barriers
to Trade in Banking and Financial Services (London: Trade Policy Research Centre, Thames
Essay No. 41, 1985), 123 pp. International
Trade, Employment and Structural Adjustment: The The
European Merger Boom Has Begun (St. Louis: Center for the Study of American Business,
1991). With Roy C. Smith. 108pp. National
and Global Competitiveness of New York City as a Financial Center, New York University Salomon
Center Occasional Papers in Business and Finance, No. 11, 1991. With Anthony
Saunders. 66pp. The High-Performance
Financial Systems: Blueprint for Development (Singapore: Institute for
Southeast Asian Studies, 1993). 122pp. The
Future of Banking: Two Essays on Consolidation in the Financial Sector ( REFEREED ARTICLES "The Other Mayor Lee," Focus/Midwest,
Vol. XXXV, No. 5, Spring 1967. Joint author, with John E. Kramer. "Economic Growth and Human Resources in an All-Negro
Community," Business and Government Review, Vol. IX, No. 4,
July-August 1968. Joint author, with John Kramer. "Politics in an "Nontariff Barriers and the Free Trade Area
Option," Banca Nazionale
del Lavoro Quarterly Review, No. 88, March 969,
pp. 16-45. Reprinted in Subcommittee on International Finance, Committee on
Banking and Currency, "Political Autonomy and Economic Dependence in an " "Los
Acuerdos Preferenciales y los Paises en Desarrollo,"
Economia, Winter
1970. With Robert Loring Allen. "On the Equivalence of Tariffs and Quotas: A
Comment," Kyklos, 1971, Fasc.1. "Non-Tariff Distortions and Trade Preferences for
Developing Countries," Kyklos, Fasc. 4,
1971. With Jae W. Chung. "Environmental Control and the Pattern of
International Trade and Investment: An Emerging Policy Issue," Banca Nazionale del Lavoro Quarterly Review, No. 100, March 1972.
Reprinted in International Business 1973: A Selection of Current "Non-Tariff Protection Among Industrial Countries:
Some Preliminary Evidence," Economia
Internazionale, Vol. 25, No. 2, May 1972. "The Pattern of Non-Tariff Obstacles to International
Trade," Weltwirtschaftliches Archiv, Bd. 108 (1972). With Jae W. Chung. "The Pollution Content of American Trade," Western
Economic Journal, Vol. IX, No. 1, March 1973. "Non-Tariff Measures and the Export Performance of
the Developing Countries," American Economic Review, Papers and
Proceedings, May 1971. Reprinted in Development Digest, June 1973.
Reprinted in John Adams (ed.), The Contemporary International Economy
(New York: St. Martin's Press, 1979). "What Economists Think of Their Journals," Journal
of Political Economy, July-August 1973. With Robert
G. Hawkins and Lawrence S. Ritter. "Die
Einstellung der Vereinigten Staaten zum Ost-West-Handel und deren
Implikationen fuer Westeuropa," Aussenwirtschaft, No. IV/1973. "Commonwealth Preferences in Retrospect: Some Lessons
for Developing Countries," Banca Nazionale del Lavoro Quarterly
Review, March 1974. Reprinted in Economic Bulletin of "Pollution and Protection: "International Environmental Policy and Economic
Development: The Issues Reconsidered," Intereconomics,
March 1974. Reprinted in expanded form in Journal of Management Studies
( "International Trade and Secondary Materials
Recovery: The Case of Waste Oil," Environmental Affairs, July
1974. With S.P. Maltezou. "Resource Diversion and International Trade: The Case
of Environmental Management," Weltwirtschaftliches
Archiv, September 1974. "Reply", ibid., September 1975. "International Oil Prices and the Developing
Countries: A Proposal," Intereconomics,
September 1974, with Robert G. Hawkins. "The Impact of Export Subsidy and Tax Programs on
Effective Protection," Weltwirtschaftliches
Archiv, September 1975. Joint author, with
Tracy Murray. "International Trade Policy and Economic
Adaptation," Portfolio (USIA), November 1975. "Smuggling and Economic Welfare: A Comment," Quarterly
Journal of Economics, November 1975. With H. Peter Gray. "The Equivalence of Tariffs and Quotas: A Reply"
Kyklos, 1975, Fasc. 3. With Mordechai E. Kreinin. "Multinational "Quantitative Restrictions, LDC Exports, and the
GATT," Journal of World Trade Law, September 1977. With Tracy
Murray. "The Shadowy Underside of International Trade", Saturday
Review, July 1977. With Thomas N. Gladwin. "Seabed Resources and International Law", Resources
Policy, December 1977. With Robert Stein. "Secondary Materials and International Trade", Journal
of Environmental Economics and Management, June 1978. With R. Kerry
Turner and Richard Grace. "Secondary Materials and International Trade:
Reply", Journal of Environmental Economics and Management,
September 1979. With R. Kerry Turner and Richard Grace. "Alternative Forms of Protection Against Market
Disruption," Kyklos, Fasc. 4, December
1978. With Wilson Schmidt and Tracy Murray. "Environmental Attitudes in Developing
Countries," Resources Policy, September 1978. "International Economic Dimensions of "Protection of Industries in Trouble: The Case of
Iron and Steel," The World Economy, May 1979. "Environmental Policies in Developing Countries"
Ambio ( "How Multinationals Can Manage Social and Political
Conflict," Journal of Business Strategy, Summer 1980. With Thomas
N. Gladwin. Reprinted in Milton Leontiades (ed.), Policy,
Strategy and Implementation (New York: Random House, 1983). "Developing Countries, the " "Country Risk, Portfolio Decisions, and Regulation in
International Bank Lending," Journal of Banking and Finance,
March 1981. Reprinted in T.M. Havrilesky and R.
Schweitzer (Eds.), The Dynamics of Banking (New York: Harlan Davidson,
1985). "On the Equivalence of Import Quotas and Voluntary
Export Restraint," Journal of International Economics (14), 1983.
With Tracy Murray and Wilson Schmidt. "Country Risk and International Bank Lending", "Toxic Substances and TNC Involvement in the Chemical
and Pharmaceutical Industries", Toxic Substances Journal, Winter
1982 and Spring 1982. With Thomas A. Pugel. "The "Investment Related Trade Distortions", Journal
of World Trade Law, January 1984. With H. Peter Gray. "Protectionism in International Banking", Journal
of Banking and Finance, 7, December 1983. With H. Peter Gray. Reprinted
in Mervyn K. Lewis (ed.), The Globalization of
Financial Services (Cheltenham: Edward Elgar, 1998). "Erklaerungskonzepte
zum Internationalisierungsprozess der Banken", Kredit und Kapital,
Spring 1985. " "Are Banks Special?" Journal of International
Securities Markets, Vol. 1, Winter 1987. With Anthony Saunders. "Competitive Positioning in International Financial
Services," Journal of International Financial Management and
Accounting, Spring 1989. "Economic Restructuring in "Reconfiguration of Banking and Financial Markets in "The Introduction of Universal Banking in "The "Emerging Equity Markets: Tapping into Global
Investment Flows," ASEAN Economic Review, September 1993. "Rethinking Emerging Markets," "Alternative Models of Clearance and Settlement: The
Case of a Single European Capital Market," Journal of Money, Credit
and Banking, November 1996
(with Ian Giddy and Anthony Saunders). "Financial Systems Design in the Asia-Pacific
Context: Costs and Benefits of Universal Banking,” Management Decision,
Vol. 34, No. 9, 1996. "Bank Underwriting of Debt Securities: Modern
Evidence," Review of Financial Studies, Vol. 10, Issue 4, June
1997. With Amar Gande, Manju Puri and Anthony
Saunders. "Universal Banking: A Shareholder Value Perspective,"
European Management Journal, August 1997. Reprinted in Financial
Markets and Portfolio Management, Vil X, No. 1,
March 1997; and in Financial Markets, Institutions and Instruments, Volume 7, No. 5, December 1997. "Risks and Rewards in Emerging Market Investments,"
Journal of Applied Corporate Finance, Fall 1997. With Roy C. Smith. "The Global Asset Management Industry: Competitive
Structure, Conduct and Performance," Journal of Financial Markets,
Institutions and Instruments (January 1999). "Proposed Unidroit
Convention on International Interests in Mobile Equipment," University
of Pennsylvania Journal of International Economic Law (fall, 1999). With
Anthony Saunders, Anand Srinivasan
and Jeffrey Wool. "Financial Services Strategies in the Euro-Zone,"
European Management Journal, December 1999. Reprinted in Alfred Steinherr (Ed.) The Financial Market Impact of the
Euro (Luxembourg: European Investment Bank, 1999). "Market Inefficiencies During Currency Crises:
Further Evidence," Financial Markets and Portfolio Management,
Vol. XIV, No. 2, September 2000. With David Silberstein. "Multifunctional Financial Firms and Universal Banks:
The Case of General Electric Capital Services," Harvard Business Review ( "Price Formation in the OTC Corporate Bond Markets: A
Field Study of the Inter-Dealer Market," Journal of Economics and Business Fall 2001. With Anand Srinivasan and Anthony
Saunders. "Are Emerging Market Equities a Separate Asset Class?"
Journal of Portfolio Management, Spring 2002. With Anthony
Saunders. "Conflicts of Interest and Market Discipline Among
Financial Services Firms," European Management Journal, Vol 22, No. 4, 2004, pp. 361-376. "The Asset Management Industry in "Reputational Risk and Conflicts of Interest in
Banking and Finance: The Evidence So Far," Journal of Financial Transformation,
Vol. 21, December
2007. "Do
Financial Conglomerates Create or Destroy Economic Value? " with Markus
M. Schmid. Journal of Financial Intermediation.
April 2009. "Can
Microfinance Reduce Portfolio Volatility?" with Nicolas
Krauss. Economic Development and Cultural Change. October 2009. "Economic
Drivers of Structural Change in the Global Financial Services Industry,"
CHAPTERS IN BOOKS "Scarcity Politics in an "Export Expansion and Regulation Act of 1969,"
in Subcommittee on International Finance, Committee on Banking and Currency, "Environmental Quality, Basic Materials Policy, and
the International Economy" (with Ralph C. d'Arge
and Gary C. Hufbauer) in Man, Materials and
Environment, A Report of the National Commission on Materials Policy
(Cambridge: Mass.: MIT Press, 1973). "Environmental Protection and "Environmental Management and the International
Economic Order," in C. Fred Bergsten (ed.), The Future of the
International Economic Order (Lexington, Mass.: D.C. Heath, 1973). "Environmental Management and Optimal Resource-Use:
The International Dimension," in Herbert Giersch
(ed.), Das Umweltproblem in Oekonomischer
Sicht (Tuebingen:
J.C.B. Mohr (Paul Siebeck), 1974). "Foreign Subsidiary Operations" Adverse Reaction
and MNC Response" in S. Chee and M. Mun (eds.), "A Guide to Social Responsibility of the
Multinational "Multinational Corporate Operations" in W.H.
Starbuck (ed.), Handbook of Organizations (New York: Oxford University
Press, 1981). Joint author with Robert G. Hawkins. "Special and Differential Liberalization of
Quantitative Restrictions on Imports from Developing Countries," in
Lorenzo L. Perez (ed.), Trade Policies Toward Developing Countries: The
Multinational Trade Negotiations (Washington, D.C.: Agency for
International Development, 1978). With Tracy Murray. "International Investment and the Multinational
Corporation" in Ryan Amacher (ed.), Challenges
to a Liberal International Economic Order (Washington, D.C.: American
Enterprise Institute, 1979). With Robert G. Hawkins. "International Economic Dimensions of Environmental
Policy," in J.A. Butlin, (ed.), Resources
and the Environment: Studies in Environmental Economics and Natural Resource
Use (London: Longman, 1980). "International Dimensions," in Protection
Against Depletion of Stratospheric Ozone by Fluorocarbons, Report of the "Technology Transfer and Conflict Management" in
Oscar Schachter (ed.), Competition in
International Business: Law and Policy on Restrictive Practices (New
York: Columbia University Press, 1981). "A Global View of CFC Sources and Policies to Reduce
Emissions," in John H. Cumberland, James R. Hibbs
and Irving Hoch (eds.), The Economics of Managing Chlorofluorobarbons
(Washington, D.C.: Resources for the Future, 1982). With Thomas N. Gladwin
and Judith L. Ugelow. "International Economic Repercussions of
Environmental Policy: An
Economist's Perspective" and "Environmentally-Induced
Industrial Relocation to Developing Countries," in "Politics, Economics and the International Steel
Industry" in "International Dimensions of "International Capital Allocation: Country Risk,
Portfolio Decisions and Regulation in International Banking," in R.G.
Hawkins, C. Wihlborg, and R. Levich
(eds.), Internationalization of Financial Markets (Greenwich, Conn.:
JAI Press, 1983). "Structural Adjustment and Trade Policy in the
International Steel Industry," in William R. Cline (ed.), Trade
Policy in the 1980's (Washington, D.C.: Institute for International Economics,
1983). "Financing Large-Scale Natural Resources
Projects," in D.W. Pearce, H. Siebert and "How Multinationals Can Manage Social Conflict,"
in Walter H. Goldberg (ed.), Governments and Multinationals
(Cambridge, Mass.: Oelschlager, Gunn & Hain, 1983). With Thomas N. Gladwin. "Investment Incentives and Performance Requirements:
Implications for International Trade and Production in the Petrochemical
Industry," in Stephen E. Guisinger (ed.), Investment
Incentives and Performance Requirements: Patterns of International Trade,
Production and Investment (New York: Praeger,
1985). "Vehicles of Capital Flight", in Donald Lessard and John Williamson, Capital Flight
(Washington, D.C.: Institute for International Economics, 1987). Reprinted in
Robert L. Kuhn (Ed.) Handbook of Investment Banking (Homewood, Ill.:
Dow Jones - Irwin, 1989). "The Issue of Protection," in "Bank Uniqueness and the Investment Banking
Activities of Commercial Banks," in J. Peter Williamson, Investment
Banking Handbook (New York: John Wiley & Sons, 1988). With Anthony
Saunders. "Competitive Performance and Strategic Positioning in
International Financial Services," in R. Sato and J. Nelson (Eds.), Beyond
Trade Friction: "International Financial Regulation," in Thierry
Noyelle (Ed.), "Competitive Performance, Regulation and Trade in
Banking Services," in H.J. Vosgerau (Ed.), New
Institutional Arrangements for the World Economy (Berlin: Springer-Verlag, 1988). With Anthony Saunders. "Financing Energy Projects," in Robert L. Kuhn
(Ed.) Handbook of Investment Banking (Homewood, Ill.: Dow Jones -
Irwin, 1989). "Investment Banking in "Tax-Driven Regulatory Drag and Competition Among
European Financial Centers," in Horst Siebert (ed.) Reforming Capital
Income Taxation (Tübingen: J.C.B. Mohr / Paul Siebeck, 1990). With Richard M. Levich. "European Financial Integration and Its Impact on the
"Reconfiguration of Global Securities Markets in the
1990s," in Richard O'Brien (ed.) Essays in Honor of Robert Marjolin: The 1990 Amex Bank Review Awards
(Cambridge: Cambridge University Press, 1991). With Roy C. Smith. "Economic Restructuring in "Bank-Industry Linkages: Models for Eastern European
Economic Restructuring," in Christian de Boissieu
(Ed.), The New Europe: Evolving Economic and Financial Systems in East and
West (Amsterdam: Kluwer, 1993). With Roy C.
Smith. "Clearance and Settlement," in Benn Steil (ed.), The European Equity Markets (London:
Royal Institute of International Affairs, 1996). With Ian Giddy and Anthony
Saunders. "Global Competition and Market Access in the
Securities Industry," in Claude Barfield (Editor), International Financial
Markets: Harmonization Versus Competition
(Washington, D.C.: American Enterprise Institute, 1996). "Global Banking," in Frederick D.S. Choi (Ed.) Handbook of International Finance and
Accounting, Second Edition (New York: John Wiley & Sons, 1997). "Rethinking Emerging Market Equities," in
Richard Levich (Ed.) Emerging Market Capital Flows
(Amsterdam: Kluwer, 1998). With Roy C. Smith. "Becoming a Global Player Through Acquisitions:
Fasten Your Seat Belts," in Yakov Amihud and Geoffrey Miller (Eds.) Bank
Mergers and Acquisitions (Amsterdam: Kluwer,
1998). With Roy C. Smith. "The Globalization of Markets and Financial-Center
Competition" in Harmen Lehment
(Ed.) Challenges for Highly Developed Countries in the Global Economy
(Kiel: Institut für Weltwirtschaft, 1998). "The Asset Management Industry in "Capital Markets and the Control of Enterprises in
the Global Economy," in Stephen S. Cohen and Gavin Boyd (Eds.),
Corporate Governance and Globalization ( "The Relevance and Management of Reputation Risk in the
Global Securities Industry," in Michael Frenkel,
Ulrich Hommel and Markus Rudolf (Eds.) Risk
Management: Challenge and Opportunity ( "Financial Integration Across Borders and Across
Sectors: Implications for Regulatory Structures," in Jeroen
Kremers, Dirk Schoenmaker
and Peter Wierts, Financial Supervision in
Europe ( "Values and Leadership in Managing High-Performance
Financial Firms," in Barbara Baudot (Ed.), Candles
in the Dark: Ideas for an Ethical and Spirtual
Renaissance ( "Agency Problems of Rating Agencies," in Richard
Levich, Giovanni Majnoni
and Carmen Reinhart (eds.), Rating Agencies and the Global Financial
System ( "Comparative
Regulatory Structures and Competitive Performance of Financial Systems” in Rüdiger Pethig and Michael
Rauscher (Editors), Challenges
to the World Economy
(Heidelberg/Berlin: Springer-Verlag, 2003). "Strategies in
Financial Services, the Shareholders and the System: Is Bigger and Broader
Better?" in Robert Litan and Richard Herring
(Editors), Financial Conglomerates ( "Conflicts of Interest and Market Discipline
in Financial Services Firms," in Federal Reserve Bank of "Regulatory
Targeting: Financial Services Strategies Across Borders and Sectors," in
Frank Milne and Edwin H. Neave (eds.) Current
Directions in Financial Regulation ( Chapters
on regulating systemic financial intermediaries, international coordination
and executive compensation (co-author) in Viral Acharya and Matthew
Richardson (eds), Restoring Financial Stability:
How to Repair a Failed System ( "Can
Microfinance Reduce Portfolio Volatility," with Nicolas Krauss. In J.D. von Pischke et al. (Eds.), Mobilizing Capital for the
Poor: What Can Structured Finance Contribute? Springer Verlag, "Reputational
Risk and the Financial Crisis," in John R. Boatright,
Business Ethics ( CURRENT WORKING PAPERS "Innovation
in International Law and Global Finance: The Case of the "Geographic Diversification and Firm Value in the
Financial Services Industry," with
Markus M. Schmid.
SSRN 1256642. Submitted to the Journal of
Corporate Finance. "Corporate
Governance and the Diversification Discount," with Daniel Hoechle, Markus Schmid and
David Yermack. SSRN 1341006. Submitted to the Journal
of Financial and Quantitative Analysis. RECENT TEACHING CASES "AEGON
Versus Groupe AXA" (September 2000) "Olivetti
S.p.A. and Telecom Italia" (October 2000) "World
Online International N.V" (October 2000) "J.P.
Morgan Chase" (March 2001) "Citigroup
Acquisition of Schroders" (May 2001) "Allianz
AG" (June 2002) "Marsh
& McLennan Companies" (August 2005) "UBS
Private Banking" (December 1999, revised 2006) "The
Steel War – Mittal vs. Arcelor"
(January 2007) "HSBC
Investment Banking" (October 2007) "The
Breakup of ABN Amro" (January 2008) "Bajaj-Allianz
and Microinsurance" (July 2009) REVIEWS AND EDITORIAL Co-editor, The World Economy,
1984-1990. With Peter Oppenheimer. Editorial Review Board, The
Journal of International Securities Markets, 1987 - 1995. Board of Editors, The Southern
Economic Journal, 1970-1973. Board of Editors, Journal of
International Business Studies, 1980-86. Contributing Editor, Journal of
Business Strategy, 1980-86. Associate Editor, Journal of
Banking and Finance, 1980-86. Board of Editors, Journal of
International Securities Markets, 1988 - present. Series editor, Contemporary
Studies in Economic and Financial Analysis ( Series editor, World Industry
Studies ( Board of Editors, Financial
Management and Education, 1996 - present. Board of Editors, Management
Decision, 1997 - present. Consultant, Associate of College
and Research Libraries (CHOICE), 1968-present. Referee, Review of Economics and Statistics,
Journal of Finance, Journal of Banking and Finance, Journal of International
Business Studies and various other professional journals. Book reviews in Journal of
Economic Literature, Economic Enquiry, Journal of Finance, Weltwirtschaftliches Archiv,
Monthly Labor Review, Business Week, Journal of
International Economics, Journal of Political Economy, Resources
Policy, The World Economy, Economic Record, and various
others. Brookings Institution - Ford
Foundation Project on the Future of the International Economic Order,
1972-73. Member, Study Team on
International Economic Issues, Committee on Environmental Aspects of
Materials Policy, Environmental Studies Board, National Academy of Sciences,
1972-73. Member of the Executive Board,
Council on the Environment, City of New York, 1973-75. Member, National Materials
Advisory Board Committee on Contingency Plans for Chromium Utilization,
National Academy of Sciences, 1975-76. Member, Trade and Environment
Panel, American Society of International Law, 1976-77. Member, International
Environmental Programs Committee, National Research Council, 1977-1981. Member, Panel on Socioeconomic
Impacts, Committee on Alternatives for the Reduction of Chlorofluorocarbon
Emissions, National Research Council, 1979-1980. Member, New York City Mayor's
Advisory Committee on Financial Services Competitiveness, 1990-91. Member, Advisory Committee on the
Supervision of Transnational Financial Institutions, Unidroit, Creation of a Global Legal
Infrastructure for Asset-Based Aircraft Finance, 1996-98 and 2004-05. Board of Overseers, Advisory Board, Center for Law,
Economics and Financial Institutions, Copenhagen Business School,
2002-present Visiting
Research Fellow, International Institute of Management, Visiting
Research Fellow, Visiting Research Fellow, International
Institute for Environment and Visiting
Professor, Visiting Professor, Visiting
Scholar, Graduate Institute of International Studies, Short-Term American Grantee,
Department of State Educational and Cultural Exchange Program, 1973 (Europe);
1975 and 1977 (Latin America); 1973, 1976, 1980 and 1981 ( Visiting Faculty Member, Pacific
Rim Bankers' Program, Visiting
Professor, Kiel Institute for the World Economy, periodically since 1985. Visiting
Professor, Insead, The John H. Loudon Professor of International Management, 1985-1988
The Swiss Bank Corporation Professor of International Mnagement, 1988-97 Professor of International Management, 1997-2005 Visiting Professor of International Management,
2005-present Distinguished Fellow in
International Banking and Finance, Carriage & Cycle Visiting Chair,
Institute for Southeast Asian Studies, Deutsche Bundesbank Visiting Professor, Free University of Freiwillige Akademische Gesellschaft
Visiting Professor, International
Research Fellow, Kiel Institute of World Economics, 2001 - present. Visiting
Professor of Finance, IESE, LISTINGS Who's Who in Who's Who in the East Who's Who in Finance and Industry International Who's Who of Contemporary Achievement CONSULTING AND
RELATED ACTIVITIES Director, Hartwell Group of Funds, New York, 1985-91 Director, Trade Policy Research Centre, Principal, Large, Smith and Walter, Director, SimCorp Strategy Lab, Consulting
on economic, financial and strategic issues to various banks, industrial
companies, government agencies and international organizations since 1969.
Separate listing available. RECENT PRESENTATIONS Geographic
Diversification and Firm Value in Financial Services, European Financial
Management Association, 2009 Annual Meetings, Milan, Italy (06/09) Reputational Risk and the Financial Crisis,
European Central Bank, Microfinance, European Fund for Southeast Europe
(EFSE) Annual Meeting 2009, Reputational Risk and the Financial Crisis, Acción Conference on Microfinance Investment South Asia,
Acción Third Annual Conference on Microfinance
Investment, Microfinance Conference of the Financial
Conglomerates, Annual Meeting of the German Finance Association, Evolution of Microfinance, Financial
Conglomerates, Annual Meeting of the European Finance Association, Financial
Conglomerates, Annual Meeting of the European Financial Management
Association, Acción Second Annual Conference on Microfinance
Investment, Omidyar Network & SEEP Microfinance Investor
Roundtable, Financial Conglomerates, Center for European
Policy Studies (CEPS), Financial Conglomerates, |