phone: 504-865-5413
Professional/Teaching Experience
Keehn Berry Chair of Banking and Finance, A.B. Freeman School of Business, Tulane University,
1990-present.
Visiting Professor of Finance, School of Business, University of North Carolina at Chapel Hill, 1989 - 1990.
Chief, Monetary and Financial Studies Section, Division of Research and Statistics, Board of Governors of the Federal Reserve System, 1987 - 1989.
Senior Economist, Special Studies Section, Division of Research and Statistics, Board of Governors of the Federal Reserve System, 1985 - 1986.
Visiting Associate Professor Finance, School of Business, Arizona State University, 1984 - 1985.
Economist, Special Studies Section, Division of Research and Statistics, Board of Governors of the Federal Reserve System, 1977 - 1984.
Education
University of
California at Santa Barbara - Ph.D. in Economics - July 1977
University of California at Santa Barbara - M.A. in Economics - October 1975
California State University at San Jose - B.A. in Liberal Studies - June 1971
Publications
"Performance Economies Associated with Small and Medium Sized Bank Mergers"
(with V. Tarhan), Journal of Banking and Finance, 17
(1994).
"T vs Q: The Measurement and Analysis of Monetary transactions," (with C. Corrado), Journal of Economics and Business, 45 (1993): 193-212.
"Are US Treasury Bills Underpriced in the Primary Market?" (with R. Stolz), Journal of Banking and Finance, 16 (1992): 891-908.
"The Expected Stopout Price in Discriminating Auctions," (with R. Stolz), Economic Letters, 31 (1989): 133-7.
"How Investment Bankers Determine Offer Price and Allocation of New Issues," (with L. Benveniste), Journal of Financial Economics, 24 (1989): 133-7.
"Bank Reserve Adjustment and the Use of Reserve Carryover as Reserve Carryover as a Reserve Management Tool: Reply," (with V. Tarhan), Journal of Banking and Finance, 13 (1989): 37-40.
"The Micromechanics of the Federal Funds Market: Implications for Day-of-the-Week Effects in the Funds Rate Variablility," (with R. Hoffmeister), Journal of Financial and Quantitative Analysis, 23 (1988): 401-16
"The Federal Reserve's New Operating Policy: A Post Mortem," (with V. Tarhan), Journal of Political Economy, 19 (1987): 107-23.
"Money Is What Money Does: Monetary Aggregation and The Equation of Exchange," Journal of Political Economy, 93 (1985): 175-204.
"The Rates of Turnover of Money Goods Under Efficient Monetary Trade: Implications for Monetary Aggregation," Economic Letters, 17 (1985): 141-3.
Memberships
Member, Board of Editors for Journal of Economics and Business,
Member of American Finance Association, Western Finance Association, European Finance Association, Financial Management Association, Econometric Society, Southern Finance Association