Faculty Directory

Professor Emeritus of Finance and Business Economics

Education

PhD Carnegie Mellon University (1969)

MS Carnegie Mellon University (1967)

BS Purdue University (1963)

Academic Expertise

Current Research

Value added by financial markets to savers and investors, Risk management using derivatives, Sources of financial risk, Effects of transaction costs, Information costs, Regulations on financial markets

Positions Held

At the University of Washington since 1967

Visiting professor, University of California-Berkeley

Visiting professor, University of Chicago

Visiting professor, University of Maryland

Visiting professor, University of Virginia

Visiting professor, Virginia Polytechnic Institute and State University

Visiting scholar, Federal Reserve Bank of Kansas City, 1982

Economics fellow, Securities and Exchange Commission, 1976-1978

Selected Publications

1. “Institutions and Deposit Insurance: Empirical Evidence“

   Journal Article:Brogaard, J., Dewenter, K., & Hess, A., (forthcoming). Journal of Financial Services Research,
2. “An International Comparison of Banks’ Equity Returns“

   Journal Article:Dewenter, K., & Hess, A., (1998). The Journal of Money, Credit and Banking, Vol. 30(3: Part 2), pp. 472-492.

Consulting

Washington State Legislature, Cost-benefit analysis of major transportation projects

Honors and Awards

Undergraduate Professor of the Quarter for Finance for Winter, 2009

Undergraduate Professor of the Quarter for Finance for Autumn, 2008

Undergraduate Professor of the Year for Finance, 2006

Undergraduate Professor of the Quarter for Finance for Winter, 2006

EMBA Excellence in Teaching Award, 1987

Burlington Northern Foundation Teaching Achievement Award, 1985

University Distinguished Teaching Award, 1976

Academic Service

Advisory board, Center for the Study of Banking and Financial Markets, 1983-present

Director, Center for the Study of Banking and Financial Markets, 1986-1990

Program chairman, Western Finance Association, 1987-1988

President, Western Finance Association, 1988-1989

Secretary/treasurer, Western Finance Association, 1990-1994

Program chair of the Pacific Northwest Finance Conference, 1998

Selected Presentations

"Banks' Equity Holdings and the Soft Budget Problem: Evidence from Major Japanese Banks" with Kathryn Dewenter and Yasushi Hamao.

"Conditional Time-Varying Interest Rate Risk Premium: Evidence from the Treasury Bill Futures Market," with Avraham Kamara,

Journal of Money, Credit and Banking, 2000 American Finance Association Meetings, 2005.

"Are Japanese Banks Unique?" with Kathryn Dewenter and Yasushi Hamao, NBER Japan Project Meeting, 2004.

"Are Relationship and Transactional Banks Different? Evidence from Loan Loss Provisions and Write-Offs," with Kathryn Dewenter, Financial Intermdediation Research Society Conference, 2004.

"Are Relationship and Transactional Banks Different? Evidence from Loan Loss Provisions and Write-Offs," with Kathryn Dewenter, European Financial Management Conference, 2004.

"Are Relationship and Transactional Banks Different? Evidence from Loan Loss Provisions and Write-Offs," with Kathryn Dewenter, International Atlantic Economic Conference, 2004.

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