Robert
Morris Professor of Banking: Dr. Gorton
Dr.
Gary B. Gorton has been appointed as the Robert
Morris Professor of Banking, which was effective
July 1, 2003. Dr. Gorton has been a member of
Wharton's faculty since 1984 and is a professor
of economics
in the School of Arts and Sciences. He
also is a research associate of the National
Bureau
of Economic Research. He is a member of the Moody's
Investors Services Academic Advisory Panel, and
a director of the Research Program on Banks and
the Economy for the Federal Deposit Insurance
Corporation.
Dr.
Gorton has done research in many areas of finance,
including both theoretical and empirical work. Specific
research has focused on the role of stock markets
and banks, arbitrage pricing, bank capital, bank
production of liquidity, loan sales, securitization,
bank loan pricing, and bank regulation. Dr. Gorton
also works on corporate control issues and asset
pricing theory.
His
research has been published in The American
Economic Review, The Review of Economic Studies,
The Review of Financial Studies, The Journal of Economic
Theory, the Journal of Political Economy,
The Journal of Finance, The Journal of Monetary Economics,
The Journal of Business, and The Journal of
Money, Credit and Banking.
Dr.
Gorton is a member of the American Finance Association,
the American Economic Association, and the Econometric
Society. He has consulted for the U.S. Board of Governors
of the Federal Reserve System, various U.S. Federal
Reserve Banks, the Bank of England, the Bank of Japan,
and the Central Bank of Turkey.
The
Robert Morris Professorship of Banking was established
to support faculty with extensive research in finance.
Robert Morris was instrumental in arranging financing
for the American Revolution, and is in fact known,
as "the financier of the American Revolution."