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Faculty and Staff Profile

Gerald Dwyer

Visiting Professor and BB&T Scholar


Office: 221 Sirrine
Phone: 864-656-3481
Email: GDWYER@clemson.edu
Vita: http://www.jerrydwyer.com/pdf/vita.pdf
Personal Website: http://www.jerrydwyer.com
 

 Educational Background

Ph.D. Economics
University of Chicago 1979

M.A. Economics
University of Tennessee 1973

B.B.A Business, Government and Society
University of Washington 1969

 Courses Taught

Econometrics, Ph.D.
Monetary Economics, Undergraduate, Masters and Ph.D.

 Profile

Gerald P. Dwyer is a Visiting Professor and BB&T Scholar at Clemson University and an adjunct professor at the University of Carlos III in Madrid and at Trinity College in Dublin. He also is a Research Associate at the Centre for Applied Macroeconomic Analysis at Australian National University. He was Director of the Center for Financial Innovation and Stability and Vice President at the Federal Reserve Bank of Atlanta from 1997 to 2012 and a Professor of Economics at Clemson from 1989 to 1999. Dr. Dwyer’s research has appeared in leading economics and finance journals, publications by the Federal Reserve Banks of Atlanta and St. Louis, and books. He serves on the editorial boards of the Journal of Financial Stability and Economic Inquiry. He is a past President and member of the Executive Committee of the Association of Private Enterprise Education. He also was a founding member of the Society for Nonlinear Dynamics and Econometrics, an organization which he served as President and as Treasurer and which honored him by creating the Gerald P. Dwyer Prize in Financial Econometrics.

 Research Interests

Dr. Dwyer's recent research focuses on the ongoing financial crisis and the implications for economic growth. He also is doing research on the ongoing development of virtual currencies.

 Research Publications

“Milton Friedman’s Work as an Empirical Economist.” In Milton Friedman: Contributions to Economics and Public Policy, edited by Robert A. Cord and J. Daniel Hammond.” Oxford University Press, in progress.

“Recessions, Growth and Financial Crises” (with John Devereux, Scott Baier and Robert Tamura), Journal of International Money and Finance, in press.

“Expected Returns to Stock Investments by Angel Investors in Groups” (with Ramon DeGennaro), European Financial Management, in press.

“Counterparty Risk and Liquidity in Collateralized Debt Obligations” (with Mardi Dungey and Thomas Flavin), Open Economies Review, 24 (February 2013), 5-32.

“Returns to Investors in Stock in New Industries” (with Cora Barnhart), Economic Inquiry, 50 (October 2012), 1031-49.

“Bank Relationships and Firms’ Financial Performance: The Italian Experience” (with Annalisa Castelli and Iftekhar Hasan), European Financial Management 18 (January 2012), 28-67.

“Financial Innovation and the Financial Crisis of 2007-2008” (La innovación financiera y la crisis financiera de 2007-2008 ), Papeles de Economia Española, No. 130 (2012), in Spanish.

“International and Historical Dimensions of the Financial Crisis of 2007 and 2008” (with James R. Lothian), Journal of International Money and Finance, 31 (January 2012), 1-9.

“Banking Crises and Economic Freedom” (with Scott L. Baier and Matthew Clance.) In Economic Freedom of the World: 2012 Annual Report, edited by James Gwartney, Robert Lawson and Joshua Hall. Vancouver, B.C.: Fraser Institute, 2012.

“The Financial Crisis of 2008 and Subprime Securities” (with Paula Tkac). In Financial Contagion: The Viral Threat to the Wealth of Nations, edited by Robert W. Kolb, pp. 229-36. New York: John Wiley & Sons, Inc., 2010.

“The Financial Crisis of 2008 in Fixed-income Markets” (with Paula Tkac), Journal of International Money and Finance 28 (December 2009), 1293-1316.

“Interest on Reserves and the Fed’s Balance Sheet” Journal of Economic Asymmetries, 6 (December 2009), 15-24.

“Inflation and Monetary Regimes” (with Mark Fisher), Journal of International Money and Finance 28 (November 2009), 1221-41.

“Why Do Banks Promise to Pay Par On Demand?” (with Margarita Samartín), Journal of Financial Stability 5 (June 2009), 147-69.

“How is the U.S. Managing the Financial Crisis?” In Financial Collapse: How Are the Biggest Nations and Organizations Managing the Crisis?, edited by Paolo Savona, pp. 183-92. Florence: Fondazione CESIFIN, 2009.