Jerry Caprio

Professor of Economics

On leave fall 2009
E-mail: Gerard.Caprio@williams.edu
Tel: (413) 597-2465
Fax: (413)-597-4045
Department of Economics
Williams College
South Academic Building
Williamstown, MA 01267

Education

University of Michigan, PhD, Economics, 1976
University of Michigan, M.A., Economics, 1974
Williams College, B.A., Economics, 1972
Curriculum Vitae (pdf)

Fields of Specialization

Finance and Financial Sector Development
Money and Banking
Financial History
Economic Development
Macroeconomics

Research

Books

Rethinking Bank Regulation: Till Angels Govern , Cambridge University Press 2006 (with James Barth and Ross Levine). http://www.amazon.com/gp/product/0521855764/102-9068804-9354507?v=glance&n=283155&n=507846&s=books&v=glance
Review of Rethinking Bank Regulation: Till Angels Govern
http://www.minneapolisfed.org/pubs/region/06-12/review.cfm

Financial Crises: Lessons from the Past, Preparation for the Future, The Brookings Institution, 2005 (edited with James A. Hanson and Robert Litan).

Finance for Growth: Policy Choices in a Volatile World , Oxford University Press, May 2001 (with Patrick Honohan).

Financial Liberalization: How Far, How Fast? Cambridge University Press, 2001(edited with Patrick Honohan and Joseph Stiglitz)

Reforming Financial Systems: Historical Implications for Policy , Cambridge University Press (edited with Dimitri Vittas).

Financial Reform: Theory and Experience , Cambridge University Press, 1994 (with Izak Atiyas, James Hanson, et al.).

Building Sound Finance in Transitional Economies , International Monetary Fund, 1994 (edited with David Folkerts-Landau and Timothy Lane).

Monetary Policy Instruments for Developing Countries , World Bank Press, 1991 (edited with Patrick Honohan).

Papers

"Banking Crises," with Patrick Honohan, forthcoming in Allan Berger, Philip Molyneux, and John Wilson, eds, The Oxford Handbook of Banking, Oxford University Press, 2008.

"Reassessing the Rationale and Practice of Bank Regulation and Supervision around the Globe After Basel II," with James Barth and Ross Levine, forthcoming in Current Developments in Monetary and Financial Law, Volume 5, 2008.

"Comparative International Characteristics of Banking," with James Barth, Ross Levine, and Dan Nolle, forthcoming, Bank of England conference proceedings, 2007.

"Changing Bank Regulation: For Better or For Worse," with James Barth and Ross Levine, forthcoming Comparative Economic Studies, Summer 2008.

"China's Financial System: The Perils of Riding the Wave," with James Barth, Milken Review, Volume 9, Number 3, Third Quarter, 2007.

"The Great Innumeracy Epidemic," The Financial Regulator, Volume 11, No. 4, March 2007.

"Governance and Bank Valuation," with Luc Laeven and Ross Levine, Journal of Financial Intermediation, Volume 16, No. 4, October 2007.

"The Microeconomic Effects of Different Approaches to Bank Supervision," forthcoming in Stephen Haber, ed., 2006 (with James Barth and Ross Levine).

"Bank Regulation: What Really Works," Milken Review, September, 2005, with James Barth and Ross Levine.

"Governance and Bank Valuation," NBER Working Paper, November 2003 (with Luc Laeven and Ross Levine). pdf

"Bank Regulation and Supervision: What Works Best," Journal of Financial Intermediation, Vol. 12, April, 2004, 205-248 (with Ross Levine and James Barth).

"Can the Unsophisticated Market Provide Discipline," in C. Borio, W. Hunter, G. Kaufman and Kostas Tsatsaronis, editors, Market Discipline: The Evidence across Countries and Industries, 2004, MIT Press (with Patrick Honohan).

"Bank Regulation and Supervision: A New Database," in Robert Litan and Richard Herring, eds., Brookings-Wharton Papers on Financial Services, 2001 (with James Barth and Ross Levine).

"Financial Fragility and Mexico’s 1994 Peso Crisis: An Event-Window Analysis of Market Valuation Effects," Journal of Money, Credit, and Banking, August 2000 (with Berry Wilson).

"Does Financial Reform Raise or Reduce Savings," Review of Economics and Statistics, January, 2000 (with Oriana Bandiera, Patrick Honohan, and Fabio Schiantarelli)

"Mexico's Financial Sector Crisis: Propagative Links to Devaluation," The Economic Journal, January 2000 (with Berry Wilson and Tony Saunders).

Other

Selected Work Experience

Director, Financial Sector Policy, The World Bank, 1998-2005
Head of Financial Sector Research, The World Bank, 1995-2003
Senior, Principal, and Lead Financial Economist, The World Bank, 1988-1995
Vice President and Head, Global Economics, JP Morgan, 1985-88
Visiting Adjunct Professor, George Washington University, 1980-1983.
Economist, Board of Governors of the Federal Reserve System, 1977-1985