Speaker Biographies
Charles W. Calomiris is the Henry Kaufman Professor of Financial Institutions in the department of finance and economics and the director of the Program on Financial Institutions at Columbia University’s Graduate School of Business. He is a visiting scholar and the codirector of the Project on Financial Deregulation at AEI; he is also a research associate at the National Bureau of Economic Research. Mr. Calomiris has written many papers and several books on financial institutions, financial economics, and financial history. He has been a consultant on financial regulation for the Federal Reserve Board; the Federal Reserve Banks of New York, Chicago, and St. Louis; the World Bank; the Central Bank of Argentina; and the governments of Mexico, El Salvador, China, and Japan.
Bert Ely is a financial institutions and monetary policy consultant. The principal at Ely & Company, Inc., in Alexandria, Virginia, he has specialized in deposit insurance and banking-structure issues since 1981. In 1986, he was one of the first to publicly predict a taxpayer bailout of the Federal Savings and Loan Insurance Corporation. He monitors conditions in the banking and thrift industries, the politics of the credit-allocation process, and issues concerning monetary policy and the payments system.
Dwight M. Jaffee has been a professor of finance and real estate at the University of California–Berkeley’s Haas School of Business since 1991. He previously taught for many years in the Department of Economics at Princeton University, where he served as vice chairman. At Berkeley, Mr. Jaffee is currently the Booth Professor of Banking and Finance and serves as a cochairman of the Fisher Center for Real Estate and Urban Economics, with special responsibilities for the center’s research program. He is also the academic director of the St. Petersburg University-Berkeley School of Management Program and has been in that post since the program’s inception in 1993. He has consulted in recent years with the World Bank on its programs involving both Russia and China. He also serves on the Board of Directors of the Axa/Barr Rosenburg Mutual Funds. Mr. Jaffee is the author of three monographs and dozens of economics journal articles. His research covers diverse topics such as catastrophe and casualty insurance, real estate finance, international housing finance systems, credit rationing and bank lending, and the California economy.
Thomas H. Stanton is a Washington, D.C.-based attorney. His practice relates to the capacity of public institutions to deliver services effectively, with specialties relating to government organization and program design, financial regulation, government corporations, government-sponsored enterprises, and privatization. Mr. Stanton is a former member of the federal senior executive service. He chairs the Standing Panel on Executive Organization and Management at the National Academy of Public Administration and is a fellow of the Center for the Study of American Government at Johns Hopkins University, where he teaches on the law of public institutions. Mr. Stanton’s writings include a book on government-sponsored enterprises, A State of Risk (HarperCollins, 1991), and many articles. Mr. Stanton also has written Government-Sponsored Enterprises: Mercantilist Companies in the Modern World (AEI Press, 2002).
Peter J. Wallison joined AEI in 1999 as a resident fellow and as the codirector of AEI’s program on financial market deregulation. As a partner of Gibson, Dunn & Crutcher LLP, he practiced banking, corporate, and financial law in the firm’s Washington and New York offices. As the general counsel of the Treasury Department from 1981 to 1985, Mr. Wallison helped develop the Reagan administration’s proposals for deregulating the financial services industry. During 1986 and 1987, Mr. Wallison was counsel to President Ronald Reagan. He is the author of Back from the Brink, a proposal for a system of private deposit insurance; coauthor of Nationalizing Mortgage Risk: The Growth of Fannie Mae and Freddie Mac; and The GAAP Gap: Corporate Disclosure in the Age of the Internet; and the editor of Serving Two Masters Yet out of Control: Fannie Mae and Freddie Mac and Optional Federal Chartering of Insurance Companies, all of which have been published by the AEI Press. More recently, Mr. Wallison is the author of Ronald Reagan: The Power of Conviction and the Success of His Presidency, published in December 2002 by Westview Press.
Lawrence J. White is Arthur E. Imperatore Professor of Economics at New York University’s Stern School of Business. From 1986 to1989, he was on leave to serve as a board member of the Federal Home Loan Bank Board and from 1982 to 1983, he was on leave to serve as director of the Economic Policy Office in the Antitrust Division of the U.S. Department of Justice. Mr. White served on the senior staff of the President’s Council of Economic Advisers (1978–1979), and he was chairman of the Stern School’s Department of Economics (1990–1995). He is the author of International Trade in Ocean Shipping Services: The U.S. and the World (1988); The S&L Debacle: Public Policy Lessons for Bank and Thrift Regulation (1991); and articles in leading economics and law journals.
