Jerry Caprio

Professor of Economics

Office: Fernald 10
E-mail: Gerard.caprio@williams.edu
Tel: (413) 597-2465
Fax: (413)-597-4045
Department of Economics
Williams College
Fernald House
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

"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