Edward J. Kane

Boston College

Fulton Hall 330A
Chestnut Hill, MA 02467
edward.kane@bc.edu
Phone: (617) 552-3986
Fax: (617) 552-0431

curriculum vitae
biography

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Papers

• "Evidence of Regulatory Arbitrage in Cross-Border Mergers of Banks in the EU"
  
• "Unmet Duties in Managing Financial Safety Nets"
• "Extracting Nontransparent Safety Net Subsidies By Strategically Expanding and Contracting a Financial Institution’s Accounting Balance Sheet"
  
• "What Lessons Should Japan Learn from the U.S. Deposit Insurance Mess?," Journal of the Japanese and International Economies, 7, 329-355 (1993).
  
• "Incentive Roots of the Securitization Crisis and its Early Mismanagement," Yale Journal on Regulation, forthcoming Summer 2009.
  
• "The 2007 Meltdown in Structured Securitization: Searching for Lessons not Scapegoats"
  
• "Evidence of Improved Monitoring and Insolvency Resolution after FDICIA"
• "Ethical Failures in Regulating and Surpervising the Pursuit of Safety-Net Subsidies"
  
• "Who Should Bear Responsibility for Mistakes Made in Assigning Credit Ratings to Securitized Debt?"
  
• "Incentive Conflict in Central-Bank Responses to Sectoral Turmoil in Financial Hub Countries"
  
• "Regulation and Supervision: An Ethical Perspective"
• "Basel II: A Contracting Perspective," Journal of Financial Services Research, 32, 39-53.
• "Connecting National Safety Nets: The Dialectics of Basel II Contracting Process," Atlantic Economic Journal, 35, 399-409.
  
• "Inadequacy of Nation-Based and VaR-Based Safety Nets in the European Union," The North American Journal of Economics and Finance, 17, 375-387.
• "Confronting Divergent Interests in Cross-Country Regulatory Arrangements" (chapter in Guidelines for Cross-Border Banking Proceedings, December 2005.
• "Can the European Community Afford to Neglect the Need for More Accountable Safety-Net Management?" Atlantic Economic Journal, 34, 127-144.
• "Winners and Losers From Enacting the Financial Modernization Statute?" (With Kenneth A. Carow and Rajesh Narayanan)
• "Impediments to Fair and Efficient Resolution of Insolvencies in Large Banks and Banking Crises"
• "Determinants of Deposit-Insurance Adoption and Design" (With Asli Demirguc-Kunt and Luc Laeven)
• "Charles Kindleberger: An Impressionist in a Minimalist World," Atlantic Economic Journal, 33, 35-42.
  
• "How Have Borrowers Fared in Banking Mega-Mergers?" (With Kenneth A. Carow and Rajesh Narayanan), Journal of Money, Credit and Banking, 38, 821-836.
  
• "The Role of Watchdog Institutions in Corporate Governance"
• "Financial Regulation and Bank Safety Nets: An International Comparison"
• "Alternatives to Blanket Guarantees for Containing a Systemic Crisis," (with Daniela Klingebiel), Journal of Financial Stability, 1, 31-63.
  
• "Continuing Dangers of Disinformation in Corporate Accounting Reports," Review of Financial Economics, 13, 149-164.
• "How Country and Safety-Net Characteristics Affect Bank Risk-Shifting," (with Armen Hovakimian and Luc Laeven) Journal of Financial Services Research, 2003.
• “What Kind of Multinational Deposit-Insurance Arrangements Might Best Enhance World Welfare?” Pacific Basin Finance Journal, 2003. 
• “What Lessons Might Crisis Countries in Asia and Latin America Have Learned from the S&L Mess?,” Business Economics, 38 (January 2003), pp. 21-30.
• “Using Deferred Compensation to Strengthen the Ethics of Financial Regulation," Journal of Banking and Finance, 26 (September, 2002) 1919-33.
• "Deposit Insurance Around the Globe: Where Does it Work?," (with Asli Demirguc-Kunt) Journal of Economic Perspectives 16 (Spring 2002), 175-195.
• "Event-Study Evidence of the Value of Relaxing Longstanding Regulatory Restraints on Banks, 1970-2000" (with Kenneth A. Carow), Quarterly Review of Economics and Finance 42 (Summer 2002), 439-463. 
• "The Dialectical Role of Information and Disinformation in Regulation-Induced Banking Crises," Pacific Basin Finance Journal 8 (2000), pp. 285-308.
• "Architecture of Supra-National Financial Regulation," Journal of Financial Services Research, 18:2/3 (2000), 301-318.
• "Incentives for Banking Megamergers: What Motives Might Regulators Infer from Event-Study Evidence?" Journal of Money, Credit and Banking, 32, (August 2000, Part 2), 671-701.
• "Effectiveness of Capital Regulation at U.S. Commercial Banks, 1985 to 1994," (with Armen Hovakimian),  Journal of Finance, Vol. LV, No. 1 (February 2000), 451-468.
• "Bank Runs and Banking Policies: Lessons for African Policymakers," (with Tara Rice), Journal of African Economics 9, AERC Supplement2 (2000),  109-144.
• "Using Disaster Planning to Optimize Expenditures on Financial Safety Nets," Atlantic Economic Journal, 29, (September 2001), 243-253.
• "Financial Safety Nets: Reconstructing and Modelling a Policymaking Metaphor," The Journal of International Trade and Economic Development, 10, (September 2001), 237-273.
• "Dynamic Inconsistency of Capital Forbearance: Long-Run vs. Short-Run Effects of Too-Big-to-Fail Policymaking," Pacific Basin Finance Journal 9,  281-299.  
• "Relevance and Need for International Regulatory Standards," Proceedings of the Brookings-Wharton Conference on Integrating Emerging Market Countries into the Global Financial System.
• "Bank Portfolio Allocation, Deposit Variability, and the Availability Doctrine," The Quarterly Journal of Economics, Vol LXXIX, (Febraury 1965),  113-134.
• "Regression Evidence of Safety-Net Support in Canada and the U.S., 1893-1992" (with Barry Wilson), The Quarterly Review of Economics and Finance, 42 (2002), 649-671.
• "Why Journal Editors Should Encourage the Replication of Applied Econometric Research," Quarterly Journal of Business and Economics 23 (Winter 1984).

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MF820-Management of Financial Institutions: Fall 2007
Course materials also available on WebCt: http://webct.bc.edu
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Course Materials

Syllabus -
Syllabus 2007

Slideshows Class Notes Minicases
Weeks 1&2 Week 13 Minicase

Week 3&4

Weeks  5&6&7&8

Week 9&10

Week 11

Weeks 12 and 13

Credit Risk from 2006

Capital Requirement from 2006

Exercises                                                                                                                                            Answer Keys

Week 1 Exercise	Week 1 Answer Key
Week 2 Exercise	Week 2 Answer Key
Week 3 Exercise	Week 3 Answer Key
Week 4 Exercise
Week 5 Exercise	Week 5 Answer Key
Week 6 Exercise	Week 6 Answer Key
Week 6A Exercise	Week 6A Answer Key
Week 8 Exercise	Week 8 Answer Key
Week 9 Exercise	Week 9 Answer Key
Week 10 Exercise
Week 12 Exercise
Week 13 Exercise

site last updated: October 13, 2009