Edward J. Kane


Edward J. Kane was 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. He consulted for the World Bank and is a senior fellow in the Federal Deposit Insurance Corporation’s Center for Financial Research. Previously, Kane 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 wa 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 was a longtime research associate of the National Bureau of Economic Research. He authored three books and coauthored or coedited several more. He published widely in professional journals and served on seven editorial boards. He received a BS from Georgetown University and a PhD from the Massachusetts Institute of Technology.

By this expert

Creating the Post-2008 Global Safety Net: Fed Precedents, Instruments, and Targets

Article | Sep 18, 2023

The “liquidity” support provided by the Fed to megabanks through cross-border lending in fact acted as subsidies

Precedents, Instruments and Targets that the Fed Has Used to Create and Support a Postcrisis Global Safety Net

Paper Working Paper | | Sep 2023

Creating the post-2008 global safety net for mega-banks

How Bankers Hide Losses

Article | Sep 24, 2020

Like master illusionists, bank accountants conceal losses from federal regulators, putting the whole economy at risk

Masters of Illusion: Bank and Regulatory Accounting for Losses in Distressed Banks

Paper Working Paper Series | | Sep 2020

The study seeks to explain why the instruments of central banking inevitably break down over time.

Featuring this expert

Edward J. Kane: A Short Tribute

Article | Mar 3, 2023

On the passing away of Edward J. Kane

YSI North America Convening

YSI Event Regional Convening YSI | Feb 22–24, 2019

On February 22-24, 2019, the Young Scholars Initiative (YSI) will host its North America Convening in Los Angeles.


From the Origins of Economic Ideas to the Challenges of Our Time

Event Plenary | Oct 21–23, 2017

INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.

Edward Kane: Hidden Subsidies for Too Big to Fail Banks

Article | Aug 24, 2017

An examination of some little-known ways nation states and central banks prop up megabanks