Richard J. Herring Faculty Profile

Richard J. Herring
Jacob Safra Professor of International Banking; Professor of Finance
Co-Director, Wharton Financial Institutions Center

PhD, Princeton University, 1973; MA, Princeton University, 1970; BA, Oberlin College, 1968

Research Areas
International banking; international finance; money and banking

Current Projects
The regulation of financial conglomerates. The development of bond markets. A study of the value of liquid secondary markets. Organized economics and finance sessions of Wharton's International Forum.

Academic Positions Held
Wharton: 1972-present (Director, The Joseph H. Lauder Institute of Management and International Studies, 2000-2006; Co-Director, Wharton Financial Institutions Center, 2000-present; Vice Dean and Director, Wharton Undergraduate Division, 1995-2000; Director, Financial Institutions Center, 1988-95; Director, Program in International Banking and Finance, 1982-88). Previous appointment: Princeton University. Visiting appointment: Johann Wolfgang Goethe University, Germany

Career and Recent Professional Awards; Teaching Awards
David Hauck Award for Outstanding Teaching, 1995; Undergraduate Division Excellence in Teaching Award, 1990, 1992, 1995

Professional Leadership 2003-2007
Co-editor, Brookings-Wharton Papers on Financial Services; Editorial Board, Journal of Financial Services Research, 1989-2000; Editorial Board, Journal of International Financial Markets, Institutions and Money, 1989-present; Editorial Board, Research in Financial Services: Private and Public Policy Annual, 1991-present; Editorial Board, Quarterly Review of the Federal Reserve Bank of New York, 1994-present; Member, Shadow Financial Regulatory Committee, 1990-present; Member, Multinational Banking Seminar, 1982-present, American Chairman, 1992-present.

Corporate and Public Sector Leadership 2003-2007
Trustee, Scudder New York Funds, 1990-present.

Representative Publications
(with T. Schuermann)
"The Regulation of Position Risk in Banks, Securities Firms and Insurance Companies." Risk Basked Capital Regulation (forthcoming).

"Credit Risk and Financial Instability." Ratings, Rating Agencies and the Global Financial System (2002).

(with S. Wachter)
"Bubbles in Real Estate Markets" Asst Price Bubbles: Implications for Monetary, Regulatory and International Policies (2003).