CHARLES W. CALOMIRIS, Special Consultant

Dr. Charles W. Calomiris is the Henry Kaufman Professor of Financial Institutions at the Columbia University Graduate School of Business and a Professor at Columbia's School of International and Public Affairs. He co-directs the Project on Financial Deregulation at the American Enterprise Institute and is the Arthur Burns Scholar in International Economics at AEI. He is a member of the Shadow Financial Regulatory Committee, a Research Associate of the National Bureau of Economic Research, and was a Senior Fellow at the Council on Foreign Relations.

Dr. Calomiris is Chairman of the Board of Greater Atlantic Financial Corporation, a publicly traded bank based in the Washington D.C. metropolitan area, and a Managing Partner of Gauss Fund, LP. He served on the International Financial Institution Advisory Commission, a Congressional commission to advise the U.S. government on the reform of the IMF, the World Bank, the regional development banks, and the WTO. His research spans several areas, including banking, corporate finance, financial history, and monetary economics.

His recent publications include: U.S. Bank Deregulation in Historical Perspective (Cambridge University Press, 2000), Emerging Financial Markets (with David Beim, Irwin-McGraw Hill, 2000), "Consequences of Bank Distress During the Great Depression" (with Joseph Mason), in the American Economic Review (June 2003), "Blueprints for a New Global Financial Architecture" in International Financial Markets: The Challenge of Globalization (Leonardo Auernheimer, ed., University of Chicago Press, 2000), and "Is the Bank Merger Wave of the 1990s Efficient?" (with Jason Karceski) in Mergers and Productivity (Steven Kaplan, ed., University of Chicago Press, 2000).

Dr. Calomiris is the recipient of research grants or awards from the National Science Foundation, the World Bank, the Japanese Government, the Herbert V. Prochnow Foundation, and the Garn Institute of Finance. In 1995, he was named a University Scholar at the University of Illinois, where he served as Associate Professor of Finance and Co-Director of the Office for Banking Research. He is a member of the editorial boards of the Journal of Banking and Finance, the Journal of Financial Services Research, the Journal of Financial Intermediation, the Journal of Economic History, the Journal of Economics and Business, and Explorations in Economic History. He serves or has served as a consultant or visiting scholar for the Federal Reserve Banks of New York, Chicago, Cleveland, and St. Louis, the Federal Reserve Board, the World Bank, and the governments of Mexico, Argentina, Japan, China, El Salvador, Connecticut and Massachusetts. His private sector clients have included Bank of America, Citicorp, Fenwick & West, Fleet, LeBoeuf Lamb, The Limited, Lloyds, Mayer Brown, Milbank Tweed, UBS Securities, U.S. Trust Corporation, and Wachtel Lipton.

Dr. Calomiris designed (with David Beim) and teaches a new MBA and Executive MBA case course on emerging market finance, which won the 1997-1998 Chazen International Innovation Prize at Columbia Business School. He also teaches international banking and advanced corporate finance at the MBA and Ph.D. levels at Columbia, as well as the MBA core course in Business Values and Ethics. He teaches Ph.D.-level courses at the World Bank and the IMF, including a course at the IMF on Emerging Financial Markets for the past three years.

He earned a Ph.D. in economics from Stanford University and a B.A. in economics, magna cum laude, from Yale University.

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