1. Home
  2. Economic Research
  3. Meet the Economists

Meet the Economists

Photo of Wayne Passmore

Wayne Passmore

Senior Adviser Program Direction Section Research and Statistics
wayne.passmore@frb.gov

Education

  • Ph.D., Economics, University of Michigan, 1985
  • B.A., Economics and Mathematics, Grinnell College, 1978
Current Research Topics
  • Secondary Mortgage Markets, Securitization
  • Bank Capital; Macroprudential Policy
  • Associate Director; Section Chief; Senior Economist; Economist

    Division of Research and Statistics; Board of Governors of the Federal Reserve System

    1990 - 2014
  • Vice President

    Federal Home Loan Bank of San Francisco

    1987 - 1990
  • Economist

    Division of Research and Statistics; Board of Governors of the Federal Reserve System

    1986 - 1987
  • Economist

    Federal Reserve Bank of New York

    1984 - 1986
  • Passmore, Wayne, and Shane M. Sherlund (forthcoming). "FHA, Fannie Mae, Freddie Mac and the Great Recession," Real Estate Economics.
  • Almadani, Sara. Michael Batty, Danielle Nemschoff, and Wayne Passmore (2020). "The Stability of Safe Asset Production," FEDS Notes 2020-11-09. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, Wayne, and Alexander H. von Hafften (2020). "Financing Affordable and Sustainable Homeownership with Fixed-COFI Mortgages," Regional Science and Urban Economics, vol. 80 (January).
  • Passmore, Wayne, and Judit Temesvary (2020). "Investor Demands for Safety, Bank Capital, and Liquidity Measurement," Finance and Economics Discussion Series 2020-079. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, Wayne (2019). "An Overview of G-SIB Capital Surcharges," Policy Research Meeting on Financial Markets and Institutions: Proceedings of the Conference in Memory of Andrea Generale, Rome, 4-5 October 2018, pp. 263-270.
  • Passmore, Wayne, and Alexander H. von Hafften (2019). "Are Basel's Capital Surcharges for Global Systemically Important Banks Too Small?" International Journal of Central Banking, March, pp. 107-156.
  • Passmore, Wayne, and Alexander H. von Hafften (2018). "Financing Affordable and Sustainable Homeownership with Fixed-COFI Mortgages," Finance and Economics Discussion Series 2018-009. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, Wayne, and Alexander H. von Hafften (2018). "GSE Guarantees, Financial Stability, and Home Equity Accumulation," Federal Reserve Bank of New York Economic Policy Review, vol. 24, no. 3, pp. 11-27.
  • Passmore, Wayne, and Shane M. Sherlund (2018). "The FHA and the GSEs as Countercyclical Tools in the Mortgage Markets," Federal Reserve Bank of New York Economic Policy Review, vol. 24, no. 3, pp. 28-40.
  • Passmore, Wayne, and Alexander H. von Hafften (2017). "Are Basel's Capital Surcharges for Global Systemically Important Banks Too Small?" FEDS Notes 2017-02-27. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, Wayne, and Alexander H. von Hafften (2017). "Are Basel's Capital Surcharges for Global Systemically Important Banks Too Small?" Finance and Economics Discussion Series 2017-021. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, Wayne, and Alexander H. von Hafften (2017). "Improving the 30-Year Fixed-Rate Mortgage," Finance and Economics Discussion Series 2017-090. Board of Governors of the Federal Reserve System (U.S.).
  • Hancock, Diana and Wayne Passmore (2016). "Macroprudential Mortgage-Backed Securitization: Can it Work?" in Susan M. Wachter and Joseph Tracy, eds., Principles of Housing Finance Reform, (Philadelphia: University of Pennsylvania Press), pp. 68-103.
  • Hancock, Diana, and Wayne Passmore (2016). "Cost of Funds Indexed Mortgage Contracts With Government-Backed Catastrophic Insurance (COFI-Cats): A Realistic Alternative to the 30-Year Fixed-Rate Mortgage?" Journal of Economics and Business, vol. 84, pp. 109-130.
  • Passmore, Wayne, and Shane M. Sherlund (2016). "FHA, Fannie Mae, Freddie Mac, and the Great Recession," Finance and Economics Discussion Series 2016-031r1. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, Wayne, and Shane M. Sherlund (2016). "Government-Backed Mortgage Insurance Promoted a Speedier Recovery from the Great Recession," FEDS Notes 2016-04-12. Board of Governors of the Federal Reserve System (U.S.).
  • Hancock, Diana, and Wayne Passmore (2015). "How Does the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates?" Real Estate Economics, vol. 43, no. 4, pp. 855-890.
  • Hancock, D. and Wayne Passmore. (2015). "Traditional Banks, Shadow Banks, and Financial Stability," in Claessens, Stijn, Douglas Evanoff, George Kaufman, and Luc Laeven eds., Shadow Banking Within and Across National Borders. World Scientific Studies in International Economics, vol. 40, pp. 301-322. (Singapore: World Scientific Publishing).
  • Hancock, Diana, and Wayne Passmore (2014). "How the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates," Finance and Economics Discussion Series 2014-12. Board of Governors of the Federal Reserve System (U.S.).
  • Frame, W. S., Diana Hancock, and Wayne Passmore (2012). "Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition," Journal of Money, Credit, and Banking, vol. 44, no. 4, pp. 661-684.
  • Hancock, Diana, and Wayne Passmore (2012). "The Federal Reserve's Portfolio and its Effects on Mortgage Markets," Finance and Economics Discussion Series 2012-22. Board of Governors of the Federal Reserve System (U.S.).
  • Hancock, Diana, and Wayne Passmore (2010). "An Analysis of Government Guarantees and the Functioning of Asset-Backed Securities Markets," Finance and Economics Discussion Series 2010-46. Board of Governors of the Federal Reserve System (U.S.).
  • Hancock, Diana, and Wayne Passmore (2011). "Catastrophic Mortgage Insurance and the Reform of Fannie Mae and Freddie Mac," in Baily, Martin N. ed., The Future of Housing Finance: Restructuring the U.S. Residential Mortgage Market. Washington, DC: Brookings Institution Press, pp. 111-145.
  • Hancock, Diana, and Wayne Passmore (2011). "Did the Federal Reserve's MBS Purchase Program Lower Mortgage Rates?" Journal of Monetary Economics, vol. 58, no. 5, pp. 498-514.
  • Hancock, Diana, and Wayne Passmore (2011 ). "The Future of Fannie Mae and Freddie Mac," Journal of Applied Finance, vol. 21, no. 1, pp. 145-148.
  • Passmore, Wayne (2011). "Roundtable: Systemic Risk Regulation at 2010 FMA Annual Meeting," Journal of Applied Finance, vol. 21, no. 2, pp. 144-147.
  • Hancock, Diana, and S. Wayne Passmore (2009). "Three Initiatives Enhancing the Mortgage Market and Promoting Financial Stability," B.E. Journal of Economic Analysis & Policy, Vol. 9, no. 3.
  • Lehnert, Andreas, Wayne Passmore, and Shane M. Sherlund (2008). "GSEs, Mortgage Rates, and Secondary Market Activities," Journal of Real Estate Finance and Economics, vol. 36, no. 3, pp. 343-363.
  • Frame, W. Scott, Diana Hancock, and S. Wayne Passmore (2007). "A Summary of Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition," In The 43rd Annual Conference on Bank Structure and Competition. Chicago IL: Federal Reserve Bank of Chicago, pp. 355-368.
  • Lehnert, Andreas, and Wayne Passmore (2006). "Comment on 'an Options-Based Approach to Evaluating the Risk of Fannie Mae and Freddie Mac'," Journal of Monetary Economics, vol. 53, no. 1, pp. 177-182.
  • Passmore, Wayne, Shane M. Sherlund, and Gillian Burgess (2005). "The Effect of Housing Government-Sponsored Enterprises on Mortgage Rates," Real Estate Economics, vol. 33, no. 3, pp. 427-463.
  • Passmore, Wayne (2005). "The GSE Implicit Subsidy and the Value of Government Ambiguity," Real Estate Economics, vol. 33, no. 3, pp. 465-486.
  • Passmore, S. Wayne, Diana Hancock, Andreas Lehnert, and Shane M. Sherlund (2005). "An Analysis of the Potential Competitive Impacts of Basel II Capital Standards on U.S. Mortgage Rates and Mortgage Securitization," in Basel II White Paper. Washington, D.C.: Board of Governors of the Federal Reserve System.
  • Passmore, Wayne, Roger Sparks, and Jamie Ingpen (2002). "GSEs, Mortgage Rates, and the Long-Run Effects of Mortgage Securitization," Journal of Real Estate Finance and Economics, vol. 25, no. 2-3, pp. 215-242.
  • Canner, Glenn, Karen Dynan, and Wayne Passmore (2002). "Mortgage Refinancing in 2001 and Early 2002," Federal Reserve Bulletin, vol. 88, no. 12, pp. 469-481.
  • Heuson, Andrea, Wayne Passmore, and Roger Sparks (2001). "Credit Scoring and Mortgage Securitization: Implications for Mortgage Rates and Credit Availability," Journal of Real Estate Finance and Economics, vol. 23, no. 3, pp. 337-363.
  • Passmore, Wayne, and Roger W. Sparks (2000). "Automated Underwriting and the Profitability of Mortgage Securitization," Real Estate Economics, vol. 28, no. 2, pp. 285-305.
  • Kwast, Myron L., and S. Wayne Passmore (2000). "The Subsidy Provided by the Federal Safety Net: Theory and Evidence," in Eisenbeis, Robert, A., Frederick T. Furlong, and Simon Kwan eds., Financial Modernization and Regulation. Boston, Dordrecht, and London: Kluwer Academic, pp. 35-55.
  • Laderman, Elizabeth, and Wayne Passmore (2000). "Do Savings Associations have a Special Commitment to Housing?" Journal of Financial Services Research, vol. 17, no. 1, pp. 41-68.
  • Kwast, Myron L., and S. Wayne Passmore (1999). "The Subsidy Provided by the Federal Safety Net: Theory and Evidence," Journal of Financial Services Research, vol. 16, no. 2-3, pp. 125-145.
  • Laderman, Elizabeth, and Wayne Passmore (1998). "Is Mortgage Lending by Savings Associations Special?" Federal Reserve Bank of San Francisco Economic Review, no. 2, pp. 30-45.
  • Passmore, Wayne, and Roger Sparks (1996). "Putting the Squeeze on a Market for Lemons: Government-Sponsored Mortgage Securitization," Journal of Real Estate Finance and Economics, vol. 13, no. 1, pp. 27-43.
  • Canner, Glenn B., Wayne Passmore, and Brian J. Surette (1996). "Distribution of Credit Risk among Providers of Mortgages to Lower-Income and Minority Homebuyers," Federal Reserve Bulletin, vol. 82, no. 12, pp. 1077-1102.
  • Canner, Glenn B., and Wayne Passmore (1995). "Credit Risk and the Provision of Mortgages to Lower-Income and Minority Homebuyers," Federal Reserve Bulletin, vol. 81, no. 11, pp. 989-1016.
  • Canner, Glenn B., and Wayne Passmore (1995). "Home Purchase Lending in Low-Income Neighborhoods and to Low-Income Borrowers," Federal Reserve Bulletin, vol. 81, no. 2, pp. 71-103.
  • Passmore, Wayne (1994). "The Influence of Risk-Adjusted Capital Regulations on Asset Allocation by Savings and Loans," in Stone, Chalres, Anne Zissu eds., Global Risk-Based Capital Regulations. Board of Governors of the Federal Reserve System (U.S.): Irwin Professional Publishing, pp. 245.
  • Canner, Glenn B., and Wayne Passmore (1994). "Residential Lending to Low-Income and Minority Families: Evidence from the 1992 HMDA Data," Federal Reserve Bulletin, vol. 80, no. 2, pp. 79-108.
  • Canner, Glenn B., Wayne Passmore, and Monisha Mittal (1994). "Private Mortgage Insurance," Federal Reserve Bulletin, vol. 80, no. 10, pp. 883-899.
  • Passmore, S. Wayne (1993). "Econometric Models of COFI," The Journal of Real Estate Finance and Economics, vol. 6, no. 2, pp. 175-188.
  • Canner, Glenn, and S. Wayne Passmore (1993). Report to the Congress on Community Development Lending by Depository Institutions. Washington DC: Board of Governors of the Federal Reserve System.
  • Passmore, Wayne (1992). "Can Retail Depositories Fund Mortgages Profitably?" Journal of Housing Research, vol. 3, no. 2, pp. 305-340.
  • Passmore, S. Wayne (1991). "Profitability of Fixed-Rate Mortgages Questioned," Bank Management, vol. 67, no. 8, pp. 44-46.
  • Passmore, Wayne S. (1990). "The all-in Cost of Retail Deposits Versus Federal Home Loan Advances," in Hartzog, Jerry, Richard W. Nelson, S. W. Passmore and Patricia M. Remch eds., Thrift Financing Strategies: An Analysis of the all-in Cost of Retail and Wholesale Funding for Thrift Institutions. San Francisco: Federal Home Loan Bank of San Francisco, pp. 9-39.
  • Passmore, S. Wayne (1990). "The Eleventh District Cost of Funds Index," Secondary Mortgage Markets, vol. 7, no. 3, pp. 25-29.
  • White, B., and S. Wayne Passmore (1986). "Loan Loss Provisions," in Recent Trends in Commercial Bank Profitability. New York, NY: Federal Reserve Bank of New York.
  • Hancock, Diana, and Wayne Passmore (2011). "Did the Federal Reserve's MBS Purchase Program Lower Mortgage Rates?" Finance and Economics Discussion Series 2011-01. Board of Governors of the Federal Reserve System (U.S.).
  • Black, Lamont K., Diana Hancock, and Wayne Passmore (2010). "The Bank Lending Channel of Monetary Policy and its Effect on Mortgage Lending," Finance and Economics Discussion Series 2010-39. Board of Governors of the Federal Reserve System (U.S.).
  • Black, Lamont, Diana Hancock, and Wayne Passmore (2007). "Bank Core Deposits and the Mitigation of Monetary Policy," Finance and Economics Discussion Series 2007-65. Board of Governors of the Federal Reserve System (U.S.).
  • Frame, W. Scott, Diana Hancock, and Wayne Passmore (2007). "Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition," Finance and Economics Discussion Series 2007-31. Board of Governors of the Federal Reserve System (U.S.).
  • Frame, W. Scott, Diana Hancock, and Wayne Passmore (2007). "Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition," Working Paper 2007-17. Federal Reserve Bank of Atlanta.
  • Frame, W. Scott, Diana Hancock, and S. Wayne Passmore (2007). "A Summary of Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition," In The 43rd Annual Conference on Bank Structure and Competition. Chicago IL: Federal Reserve Bank of Chicago, pp. 355-368.
  • Passmore, S. Wayne, Diana Hancock, Andreas W. Lehnert, and Shane M. Sherlund (2006). "The Federal Reserve's Research on Government-Sponsored Enterprises," In Proceedings of the 42nd Annual Conference on Bank Structure and Competition. Chicago IL: Federal Reserve Bank of Chicago, pp. 90-101.
  • Hancock, Diana, Andreas Lehnert, Wayne Passmore, and Shane M. Sherlund (2006). "The Competitive Effects of Risk-Based Bank Capital Regulation: An Example from U.S. Mortgage Markets," Finance and Economics Discussion Series 2006-46. Board of Governors of the Federal Reserve System (U.S.).
  • Lehnert, Andreas, Wayne Passmore, and Shane M. Sherlund (2006). "GSEs, Mortgage Rates, and Secondary Market Activities," Finance and Economics Discussion Series 2006-30. Board of Governors of the Federal Reserve System (U.S.).
  • Lehnert, Andreas, Wayne Passmore, and Shane M. Sherlund (2005). "GSEs, Mortgage Rates, and Secondary Market Activities," Finance and Economics Discussion Series 2005-07. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, Wayne (2005). "The GSE Implicit Subsidy and the Value of Government Ambiguity," Finance and Economics Discussion Series 2005-05. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, S. Wayne, and Diana Hancock (2005). "Basel II Competitive Implications," In Proceedings of the 41st Annual Conference on Bank Structure and Competition. Chicago IL: Federal Reserve Bank of Chicago, pp. 93-99.
  • Passmore, S. Wayne, and Shane M. Sherland (2004). "The GSE Subsidy and Mortgage Rates," In Proceedings of the 40th Annual Conference on Bank Structure and Competition. Chicago IL: Federal Reserve Bank of Chicago, pp. 478-487.
  • Passmore, Wayne, Shane M. Sherlund, and Gillian Burgess (2005). "The Effect of Housing Government-Sponsored Enterprises on Mortgage Rates," Finance and Economics Discussion Series 2005-06. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, Wayne (2003). "The GSE Implicit Subsidy and Value of Government Ambiguity," Finance and Economics Discussion Series 2003-64. Board of Governors of the Federal Reserve System (U.S.).
  • Canner, Glenn B., Elizabeth Laderman, Andreas Lehnert, and Wayne Passmore (2002). "Does the Community Reinvestment Act (CRA) Cause Banks to Provide a Subsidy to some Mortgage Borrowers?" Finance and Economics Discussion Series 2002-19. Board of Governors of the Federal Reserve System (U.S.).
  • Canner, Glenn B., Elizabeth Laderman, Andreas Lehnert, and S. Wayne Passmore (2002). "Measuring the CRA Subsidy in Mortgage Markets," In Proceedings of the 38th Annual Conference on Bank Structure and Competition, Chicago IL: Federal Reserve Bank of Chicago, pp. 429-441.
  • Passmore, Wayne, Roger Sparks, and Jamie Ingpen (2001). "GSEs, Mortgage Rates, and the Long-Run Effects of Mortgage Securitization," Finance and Economics Discussion Series 2001-26. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, S. Wayne, and Roger Sparks (2001). "The Simple Microeconomics of Government-Sponsored Enterprises," In Proceedings of the 37th Annual Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago. Chicago IL: Federal Reserve Bank of Chicago, pp. 133-149.
  • Heuson, Andrea, Wayne Passmore, and Roger Sparks (2000). "Credit Scoring and Mortgage Securitization: Do they Lower Mortgage Rates?" Finance and Economics Discussion Series 2000-44. Board of Governors of the Federal Reserve System (U.S.).
  • Canner, Glenn B., Wayne Passmore, and Elizabeth Laderman (1999). "The Role of Specialized Lenders in Extending Mortgages to Lower-Income and Minority Homebuyers," Federal Reserve Bulletin, vol. 85, no. 11, pp. 709-723.
  • Lehnert, Andreas, and Wayne Passmore (1999). "Pricing Systemic Crises: Monetary and Fiscal Policy when Savers are Uncertain," Finance and Economics Discussion Series 1999-33. Board of Governors of the Federal Reserve System (U.S.).
  • Lehnert, Andreas, and Wayne Passmore (1999). "The Banking Industry and the Safety Net Subsidy," Finance and Economics Discussion Series 1999-34. Board of Governors of the Federal Reserve System (U.S.).
  • Laderman, Elizabeth, and Wayne Passmore (1998). "Is Mortgage Lending by Savings Associations Special?" Finance and Economics Discussion Series 1998-25. Board of Governors of the Federal Reserve System (U.S.).
  • Kwast, Myron L., and S. Wayne Passmore (1998). "The Subsidy Provided by the Federal Safety Net: Theory, Measurement and Containment," In The 34th Annual Conference on Bank Structure and Competition. Chicago IL: Federal Reserve Bank of Chicago, pp. 381-401.
  • Canner, Glenn, and Wayne Passmore (1997). "The Community Reinvestment Act and the Profitability of Mortgage-Oriented Banks," Finance and Economics Discussion Series 1997-7. Board of Governors of the Federal Reserve System (U.S.).
  • Kwast, Myron L., and Wayne Passmore (1997). "The Subsidy Provided by the Federal Safety Net: Theory, Measurement and Containment," Finance and Economics Discussion Series 1997-58. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, Wayne, and Roger Sparks (1997). "The Effect of Automated Underwriting on the Profitability of Mortgage Securitization," Finance and Economics Discussion Series 1997-19. Board of Governors of the Federal Reserve System (U.S.).
  • Canner, Glenn, and S. Wayne Passmore (1996). "The Relative Profitability of Commercial Banks Active in Lending in Low-Income Neighborhoods and to Low-Income Borrowers," In Proceedings of the 32nd Annual Conference on Bank Structure and Competition. Chicago IL: Federal Reserve Bank of Chicago, pp. 531-555.
  • Canner, Glenn, and S. Wayne Passmore (1995). "Implementing CRA: What is the Target?" In Proceedings of a Conference on Bank Structure and Competition, Chicago IL: Federal Reserve Bank of Chicago, pp. 171-191.
  • Passmore, Wayne, and Roger Sparks (1995). "Putting the Squeeze on a Market for Lemons: Government-Sponsored Mortgage Securitization," Finance and Economics Discussion Series 95-13. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, Wayne, and Steven A. Sharpe (1994). "Optimal Bank Portfolios and the Credit Crunch," Finance and Economics Discussion Series 94-19. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, Wayne, and Roger Sparks (1993). "An Efficiency Model of Deposit Pricing and Rate Rigidity," Finance and Economics Discussion Series 93-38. Board of Governors of the Federal Reserve System (U.S.).
  • Goodman, John L., and S. Wayne Passmore (1992). "Market Power and the Pricing of Mortgage Securitization," Finance and Economics Discussion Series 187. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, Wayne (1992). "The Influence of Risk-Adjusted Capital Regulations on Asset Allocation by Savings and Loans," Finance and Economics Discussion Series 213. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, S. Wayne (1991). "Can Banks Profitably Fund Mortgages?" In Proceedings of a Conference on Bank Structure and Competition. Chicago IL: Federal Reserve Bank of Chicago, pp. 624-642.
  • Passmore, Wayne (1991). "Can Retail Depositories Fund Mortgages Profitably?" Finance and Economics Discussion Series 175. Board of Governors of the Federal Reserve System (U.S.).
  • Passmore, S. Wayne (1989). "The Eleventh District Cost of Funds: Description, Forecasting, and Pricing of Index-Based Mortgages," Federal Home Loan Bank of San Francisco Working Paper. San Francisco CA.
  • Passmore, S. Wayne (1988). "Loan Loss Reserves and Stock Market Valuations of Financial Institutions," In Proceedings of a Conference on Bank Structure and Competition. Chicago IL: Federal Reserve Bank of Chicago, pp. 460-475.
  • Passmore, S. Wayne (1986). "Strategic Niches and the Profitability of Banking," In Proceedings of a Conference on Bank Structure and Competition. Chicago IL: Federal Reserve Bank of Chicago, pp. 478-487.

  • conference

    1985 to Current

    AEA, AFA, AREUEA, IBEFA, FMA, NBER, FRB-Chicago Bank Structure conference, and other Federal Reserve System Conferences.

    Dr. Passmore has given over 100 presentations.

Awards
  • 2005

    AREUEA

    Edwin Mills Prize for best paper in real estate

  • 1992

    FMA

    Best paper on financial Institutions

Conference Organization

  • 1987 to current

    AEA, AFA, AREUEA, FMA, NAEFA, WEA and Federal Reserve Conferences

    Organizer or Chair

Professional Affiliation
  • American Economic Association (AEA)
  • American Real Estate and Urban Economics Association (AREUEA)
  • Financial Management Association (FMA)
  • International Banking, Economics and Finance Association (IBEFA)
Last update: November 16, 2020