Calomiris

Charles Calomiris

Henry Kaufman Professor Emeritus of Financial Institutions in the Faculty of Business and Professor Emeritus of International and Public Affairs


Personal Details

Focus areas: Banking, corporate finance, financial history, monetary economics

On Leave for the 2022-2023 Academic Year

Charles W. Calomiris is Henry Kaufman Professor of Financial Institutions at Columbia Business School, Director of the Business School’s Program for Financial Studies and its Initiative on Finance and Growth in Emerging Markets, and a professor at Columbia’s School of International and Public Affairs. He is a Distinguished Visiting Fellow at the Hoover Institution, a Fellow at the Manhattan Institute, a member of the Shadow Open Market Committee and the Financial Economists Roundtable, and a Research Associate of the National Bureau of Economic Research. Professor Calomiris is past president of the International Atlantic Economic Society, and has served on numerous committees, including the Advisory Scientific Committee of the European Systemic Risk Board, the U.S. Congress’s International Financial Institution Advisory Commission, the Shadow Financial Regulatory Committee, and the Federal Reserve System’s Centennial Advisory Committee. He serves as co-managing editor of the Journal of Financial Intermediation. 

Professor Calomiris’s research spans the areas of banking, corporate finance, financial history and monetary economics. He received a BA in economics from Yale University, magna cum laude, and a PhD in economics from Stanford University.

Professor Calomiris is the recipient of research grants from the National Science Foundation, the World Bank, the Japanese government, and many others. He holds an honorary doctorate from the University of Basel. He has consulted for central banks, the IMF, the World Bank, and many foreign governments. His most recent book (with Stephen Haber), Fragile By Design: The Political Origins of Banking Crises and Scarce Credit (Princeton, 2014), has been translated into five languages, received the American Publishers 2015 Award for the Best Book in Business, Finance and Management, was named one of the Best Economics Books of 2014 by the Financial Times, and one of the Best Books of 2014 by The Times Higher Education Supplement and by Bloomberg Businessweek.  

Education

  • PhD in Economics, Stanford University
  • BA, magna cum laude, Yale University

Affiliations

  • Shadow Financial Regulatory Committee
  • Shadow Open Market Committee
  • Financial Economists Roundtable
  • National Bureau of Economic Research

Research And Publications

Sustaining India's Growth Miracle

Oct 2007

Charles Calomiris

China's Financial Transition at a Crossroads

Oct 2006

Charles Calomiris

U.S. Bank Deregulation in Historical Perspective

Oct 2006

Charles Calomiris

A Globalist Manifesto for Public Policy

Oct 2002

Charles Calomiris

Emerging Financial Markets

Oct 2001

Charles Calomiris

In The Media

Democratic Resilience

Professor Charles Calomiris says that the federal deficit is going to swell to the point where no one will want to take on government-issued debt, and the only people who can save a failed Treasury auction will be the central bank.

Oct 26 2023
Business Insider
Inclusive Prosperity

Among the cultural problems and structural obstacles embedded in the bank supervisory system, says Professor Emeritus Charles Calomiris, is that bank examiners worry that raising red flags will "make everybody angry."

 

 

Sep 20 2023
Reuters

Proposed solutions such as private higher threshold deposit insurance have been shown to better insure bank users who deposit more than $250,000. But Charles Calomiris says deposit insurance isn't necessarily the right answer. 

Mar 15 2023
Vox

Charles Calomiris will present the George S. Eccles Distinguished Lecture at Utah State University on March 14.

Feb 14 2022
Utah State TODAY