Anat R. Admati

Anat Ruth Admati (* 1956 in Israel ) is an economist and professor at the Stanford Graduate School of Business .

Life

Play media file

Anat Admati in an interview on instability in the financial system and possible regulations (English, March 2017)

Admati was born in Israel in 1956 and received her Bachelor of Science with Honors in Mathematics and Statistics in 1979 from the Hebrew University in Jerusalem . In 1981, she completed her Master of Arts and M. Phil. At Yale University , and his doctorate in 1983 in Operations Research / Operations Management . From 1983 she was employed at the Stanford Graduate School of Business , until August 1986 as Assistant Professor of Decision Theory and until August 1992 as Associate Professor of Finance and Economics . In September 1992 she was given a full professorship, which from September 2000 to April 2009 has the title Joseph McDonald Professor and since April 2009 George GC Parker Professor. She has been a Fellow of the Stanford Institute for Economic Policy Research (SIEPR) since November 2016 . She was a visiting professor at the Stern School of Business at New York University and Tel Aviv University .

Her research includes information diffusion in financial markets , portfolio management , contract theory , corporate governance and banking . Her book Des Bankers 'New Clothes (original title The Bankers' New Clothes ) , written together with Martin Hellwig , about the necessity and possibilities of stricter regulation of banks, received a positive response: Gerald Braunberger describes it as a “masterpiece”, Charles Goodhart as a “great book”. It is available in German, Spanish, Chinese, Japanese, Hebrew, Portuguese, and Italian.

Admati is co-editor of the Journal of Finance (since 1990) and on the Advisory Board of the Journal of Financial Markets (since 1998) and was co-editor of the Review of Financial Studies (1987–1991).

Awards

• Sloan Research Fellowship , September 1987 to September 1989
• Fellow of the Econometric Society , since 2004
• Time 100 List of One Hundred Most Influential People, 2014
• Foreign Policy Magazine 100 global thinkers 2014
• Honorary doctorate from the University of Zurich , 2014.

Publications

Books

• with Martin Hellwig : The banker's new clothes: What really goes wrong at banks and what has to change . Finanzbuch-Verlag, 2013, ISBN 978-3-89879-825-9 .
  • English original edition: The Bankers' New Clothes: What's Wrong with Banking and What to Do about It . Princeton University Press, Princeton 2013.

Trade journals and book chapters (selection)

• with Peter M. DeMarzo, Martin Hellwig, Paul Pfleiderer: The Leverage Ratchet Effect . In: The Journal of Finance 73 (1), February 2018, pp. 145–198, doi: 10.1111 / jofi.12588 .
• with Peter M. DeMarzo, Martin Hellwig, Paul Pfleiderer: Fallacies and Irrelevant Facts in the Debate on Capital Regulation . In: Central Banks at a Crossroads: Europe and Beyond . Anthem Press, London 2014, pp. 33-50.
• with Paul Pfleiderer: The “Wall Street Walk” and Shareholder Activism: Exit as a Form of Voice . In: Review of Financial Studies 22 (7), July 2009, pp. 2645–2685, doi: 10.1093 / rfs / hhp037 .
• with Paul Pfleiderer: Forcing Firms to Talk: Financial Disclosure Regulation and Externalities . In: Review of Financial Studies 13 (3), July 2000, pp. 479-519, doi: 10.1093 / rfs / 13.3.479 .
• with Paul Pfleiderer: Does It All Add Up? Benchmarks and the Compensation of Active Portfolio Managers . In: The Journal of Business 70 (3), July 1997, pp. 323-350, doi: 10.1086 / 209721 .
• with Paul Pfleiderer: Robust Financial Contracting and the Role of Venture Capitalists . In: Journal of Finance 49 (2), 1994, pp. 371-402 doi: 10.1111 / j.1540-6261.1994.tb05146.x .
• with Paul Pfleiderer, Josef Zechner: Large Shareholder Activism, Risk Sharing, and Financial Market Equilibrium . In: Journal of Political Economy 102 (6), 1994, pp. 1097-1130, doi: 10.1086 / 261965 .
• with Paul Pfleiderer: A Theory of Intraday Patterns: Volume and Price Variability . In: Review of Financial Studies 1 (1), 1988, pp. 3-40, doi: 10.1093 / rfs / 1.1.3 .
• with Motty Perry: Strategic Delay in Bargaining . In: The Review of Economic Studies 54 (3), July 1987, pp. 345-364, doi: 10.2307 / 2297563 .
• A Noisy Rational Expectations Equilibrium for Multi-Asset Securities Markets . In: Econometrica 53 (3), 1985, pp. 629-657, doi: 10.2307 / 1911659 .

Web links

• Anat Admati at the Stanford Graduate School of Business

Individual evidence

1. ↑ Topeconoom Anat Admati over banks: 'niet meer voortdurend op het randje van de afgrond balanceren' . In: de Volkskrant , October 19, 2018.
2. ^ Q&A: Anat Admati on 'What's Wrong With Banking and What to Do About It' . In: Los Angeles Times , August 13, 2015.
3. ↑ Israeli academic makes Time 100 list . In: The Times of Israel , April 24, 2014.
4. ↑ ^{a b c} Anat Ruth Admati , curriculum vitae. Retrieved October 24, 2019.
5. ↑ Roger E. Alcaly: The Right Way to Control the Banks . In: The New York Review of Books , June 5, 2014.
6. ^ Roger B. Myerson: Rethinking the Principles of Bank Regulation: A Review of Admati and Hellwig's The Bankers' New Clothes . In: Journal of Economic Literature 52 (1), March 2014, pp. 197–210, doi: 10.1257 / jel.52.1.197 .
7. ↑ Susanne Schmidt: The fairy tales of the bankers . In: Handelsblatt , March 28, 2013.
8. ↑ Gerald Braunberger: The bank lobby is talking nonsense . In: Conclusion - the business blog, Frankfurter Allgemeine , February 18, 2013.
9. ^ Charles Goodhart: Book Review: The Bankers' New Clothes. By Anat Admati and Martin Hellwig . In: Economica 81 (322), April 2014, pp. 390-391, doi: 10.1111 / ecca.12044 .
10. ^ Fellows of the Econometric Society 1950 to 2018 . Econometric Society website . Retrieved October 24, 2019.
11. ↑ Anat Admati , www.time.com. Retrieved October 24, 2019.
12. ↑ Why Won't Regulators Rein in Big Banks? Foreign Policy , Oct. 27, 2015.
13. ↑ Simon Schmidt: On a reconnaissance mission in the banking city . In: Tagesanzeiger , April 28, 2014.