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Paul M. Hammaker Associate Professor of
Business Administration
B.A.,
Johns Hopkins University;
Ph.D., University of North Carolina
Faculty Pavilion 298D 434-924-6076
WarnockF@darden.virginia.edu
SSRN Author Page
NBER Author Page
CFR Page
Darden Financial Economics Workshop
Affiliations and Current Consulting Projects:
Research Associate, National
Bureau of Economic Research
Adjunct Senior Fellow for International Finance,
Council on Foreign Relations
Senior Fellow,
Globalization & Monetary Policy Institute
(Federal Reserve Bank-Dallas)
Research Associate, Institute for Int'l Integration Studies
(Trinity College Dublin)
External Advisor,
Housing Finance in Latin America (IDB)
Recent
Articles
"US International Equity Investment" (w/ Ammer, Holland, and Smith),
February 2012.
Dataset on
cross-listing and float.
"Foreign Exposure through Domestic Equities" (w/Cai) Finance Research
Letters (forthcoming).
"On Returns Differentials" (w/ Curcuru
and Thomas, January 2012)
"Emerging Local Currency Bond Markets" (w/ Burger and V. Warnock)
Financial Analysts Journal (forthcoming;
July 2011 version)
"Capital Flow Waves" (w/ Forbes) Monetary Authority of Singapore's
Macroeconomic Review X(2), Oct
2011.
"U.S. Treasuries Lose 'Risk-Free' Luster" CFR Expert Brief, August
2011
"Capital Flow Waves: Surges, Stops, Flight and Retrenchment" (w/ Forbes, NBER WP 17351, August 2011)
"U.S.
international equity investment and past and prospective returns" (w/ Curcuru, Thomas, and Wongswan)
American Economic Review 101(7): 3440-3455
NBER WP version.
"Doubts
about Capital Controls"
Capital Flows Comment
(April
2011).
"Sudden flight and true sudden stops"
(w/ Rothenberg) Review of International
Economics
2011.
"External
Capital Structures and Oil Price Volatility" (w/ Burger, Rebucci, and
V.
Warnock) Journal of Business,
Finance and Economics in Emerging Economies (2010)
5(2): 1-37.
"Two Myths About the U.S. Dollar" Capital Flows Quarterly
(Sept
2010).
"How Dangerous Is U.S. Government Debt? The Risk of a Sudden
Spike in U.S. Interest Rates" Capital Flows Quarterly (June
2010).
Past
Practitioner Talks
Housing Finance around the World,
Il Foro de Vivienda (Bogota, Dec 2010)
Currency Wars,
Capital Flows, and EME Consequences ADB-AIM
Knowledge Hub (Manila, Nov 2010)
China's
Currency Policy and Global Imbalance, Global HR Forum 2010
video/slides
(Seoul, Oct 2010)
Global Imbalances: The Next
Crisis? AEI's No Way Out series
slides/video (Washington, Dec 2009)
US International Capital
Flows NABE Professional Development Seminar (Washington, April 2009)
On the US Economy Houston Area Darden Tuck Alumni Group
(Houston, Feb 2008)
Financial Globalization World Economic Forum/RBWC/G20
Deputies (Durban Sept 2007)
BIOGRAPHY
(expanded, one-page version)
Frank Warnock is Paul M. Hammaker Associate Professor of Business Administration at the
University of Virginia's Darden School of Business. His research, which
focuses on international capital flows, international portfolio
allocation, and financial sector development, has
been published in American Economic Review, Quarterly Journal of Economics, Journal of
International Economics, Review of Financial Studies, Journal of
Accounting Research, and Journal of Housing Economics (among other
journals) and featured in Financial Times, The Economist, Barron's, Wall
Street Journal, and New York Times. At Darden, Frank has been awarded an
Outstanding Faculty (teaching) Award and a Wachovia Award for Research
Excellence.
Prior to
joining Darden in 2004, Frank was Senior Economist in the International
Finance Division at the Board of Governors of the Federal Reserve System
in Washington, DC. He also taught at Georgetown University and the
University of North Carolina. Frank's international experience includes
a stint with Merrill Lynch in Vienna, Austria as well as two years as a
Peace Corps Volunteer in Malawi's Thyolo District. His professional
career started on Wall Street, where he was a Commodity Trading Advisor
(CTA).
Frank's
current affiliations include Research Associate at the National
Bureau of Economic Research (NBER) in Cambridge; Adjunct Senior Fellow
for International Finance at the Council on Foreign Relations (CFR); Senior Fellow at the
Federal Reserve Bank of Dallas' Globalization and Monetary Policy
Institute; and Research Associate at the Institute of International
Integration Studies (IIIS) at Trinity College Dublin. He is also
currently a consultant with the Inter-American Development Bank on a
project on housing finance systems in Latin American. In the recent past he
has been Research Fellow at the Hong Kong Monetary Authority and a
consultant with the IMF and the ECB.
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