Edward J. Kane is Professor of Finance at Boston College. From 1972 to 1992 he held the Everett D. Reese Chair of Banking and Monetary Economics at Ohio State University. A founding member of the Shadow Financial Regulatory Committee, Kane rejoined the organization in 2005. He served for twelve years as a trustee and member of the finance committee of Teachers Insurance. Currently, he consults for the World Bank and is a senior fellow in the Federal Deposit Insurance Corporation’s Center for Financial Research. Previously, Kane has consulted for numerous agencies, including the IMF, components of the Federal Reserve System, and three foreign central banks. He consulted as well for the Congressional Budget Office, the Joint Economic Committee, and the Office of Technology Assessment of the U.S. Congress. He is a past president and fellow of the American Finance Association and a former Guggenheim fellow. He also served as president of the International Atlantic Economic Society and the North American Economics and Finance Association. Kane is a longtime research associate of the National Bureau of Economic Research. He has authored three books and coauthored or coedited several more. He has published widely in professional journals and currently serves on seven editorial boards. He received a BS from Georgetown University and a PhD from the Massachusetts Institute of Technology.
Edward J. Kane
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Ten years after the crisis, financial regulation leaves taxpayers holding the bag for banks’ safety net.
This paper concerns itself with the joint effect of implicit subsidies that are built into the US housing-finance system and financial safety net.
A financial industry safety net enriches bankers and their shareholders — at our expense
This paper analyzes the link between Kamakura Risk Information Services (KRIS) data on megabank default probabilities and credit spreads.
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INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.
An examination of some little-known ways nation states and central banks prop up megabanks
Pernicious cultural norms inside American banks and regulatory agencies have crowded out fundamental moral principles. Ed Kane proposes an antidote.
Bullet-point financial reform proposals are either too simple or too vague.