Anat Ruth Admati (born 1956)[1] is an economist and currently the George G.C. Parker Professor of Finance and Economics at Stanford Graduate School of Business.[2] In 2014, Time listed her as one of the 100 Most Influential People in the World.[3][4]
Anat Ruth Admati | |
---|---|
ענת אדמתי | |
Born | 1956 |
Academic career | |
Field | Financial economics |
Institution | Stanford Graduate School of Business |
Alma mater | Hebrew University of Jerusalem Yale University |
Awards | Fellow of the Econometric Society |
Information at IDEAS / RePEc | |
Website | admati |
Career and education
editAdmati was born in Israel.[1][5] She obtained her BSc from Hebrew University of Jerusalem and her PhD from Yale University in operations research and management science.[2][6][7] After graduating with her PhD, she took a job as assistant professor at Stanford Graduate School of Business becoming full Professor in 1992. In 2015, she was a Henry Kaufmann Visiting professor of business at Stern School of Business.[8] And in 2017–2018, she was a visiting scholar at the IMF.[8] She is currently the Faculty director of the Corporations and Society Initiative at Stanford University.[9]
Research
editHer research focuses on dissemination in financial markets, financial contracting, portfolio management, corporate governance and banking. Her paper "A Theory of Intraday Patterns: Volume and Price Variability", joint with Paul Pfleiderer, has been cited 4000 times according to IDEAS.[10] The paper shows how liquidity traders and informed traders influence the price of assets. It helps explain the patterns of "volume and price variability in intraday transaction data".[11]
Her research has been quoted in news media including Bloomberg,[12] NPR,[13] Forbes,[14] The New York Times,[15] The Financial Times,[16] The Guardian,[17] Time magazine,[18] CNN,[19] The Independent,[20] CNBC,[21] The Economist,[22] The Wall Street Journal,[23] and the Washington Post.[24] A recent New York Times article about professor Admati was titled "When She Talks, Banks Shudder"[25] and another article about her was titled "This Stanford Economist Has Obama's Attention — And It's Causing A Wall Street Freak-Out",[26] following the publication of her book The Bankers' New Clothes. The book was nominated by the Financial Times in their Books of the year prize.[27]
Awards and recognition
editShe has won an Alfred A. Sloan Research Fellowship[28] and she is a Fellow of the Econometric Society.[29] According to IDEAS, she is the 63rd most influential woman economist[30] and she is among the 1000 most cited economists.[31] In 2014, she received an honorary doctorate from the University of Zurich.[32] In 2015, she was named by Prospect on its list of 50 world thinkers.[33]
She was an advisor to the TV series Silicon Valley, and made a cameo appearance in its final episode.[34]
Selected bibliography
edit- Admati, Anat R. (2013) and Hellwig, Martin F. . The bankers' new clothes : what's wrong with banking and what to do about it. Hellwig, Martin F. Princeton: Princeton University Press.[35]
- Admati, Anat R.; Pfleiderer, Paul (1988-01-01). "A Theory of Intraday Patterns: Volume and Price Variability". The Review of Financial Studies. 1 (1): 3–40.[11]
- Admati, Anat R. (1991-10-01). "The informational role of prices: A review essay". Journal of Monetary Economics. 28 (2): 347–361.[36]
- Admati, Anat R.; Pfleiderer, Paul (2000-07-01). "Forcing Firms to Talk: Financial Disclosure Regulation and Externalities". The Review of Financial Studies. 13 (3): 479–519.[37]
- Admati, Anat R.; Pfleiderer, Paul; Zechner, Josef (1994-12-01). "Large Shareholder Activism, Risk Sharing, and Financial Market Equilibrium". Journal of Political Economy. 102 (6): 1097–1130.[38]
References
edit- ^ a b Haegens, Koen (19 October 2018). "Topeconoom Anat Admati over banken: 'niet meer voortdurend op het randje van de afgrond balanceren'". de Volkskrant (in Dutch). Archived from the original on 24 October 2019. Retrieved 5 April 2020.
- ^ a b "Anat R. Admati". Stanford Graduate School of Business. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
- ^ "Anat Admati". Time. Archived from the original on 2020-10-12. Retrieved 2020-03-28.
- ^ "The World's 100 Most Influential People". Time. Archived from the original on 2020-05-27. Retrieved 2020-03-28.
- ^ Winer, Stuart (24 April 2014). "Israeli academic makes Time 100 list". Times of Israel. Archived from the original on 18 December 2019. Retrieved 5 April 2020.
- ^ "Anat Admati". World Economic Forum. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
- ^ "Institute for New Economic Thinking". Institute for New Economic Thinking. Archived from the original on 2020-08-09. Retrieved 2020-03-28.
- ^ a b "Admati's CV on the Stanford website" (PDF). Archived (PDF) from the original on 2020-03-28.
- ^ "Overview of Corporations and Society Initiative". Stanford Graduate School of Business. Archived from the original on 2020-03-16. Retrieved 2020-03-28.
- ^ "Google Scholar". scholar.google.com. Retrieved 2020-03-28.
- ^ a b Admati, Anat R.; Pfleiderer, Paul (1988-01-01). "A Theory of Intraday Patterns: Volume and Price Variability". The Review of Financial Studies. 1 (1): 3–40. doi:10.1093/rfs/1.1.3. ISSN 0893-9454.
- ^ "Admati Says Fragile System Is Inherent in Banking". Bloomberg News. September 17, 2019. Archived from the original on 2019-09-29. Retrieved 2020-03-28.
- ^ "'Bankers' New Clothes' Leave Too Little Skin In The Game". NPR.org. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
- ^ Valladares, Mayra Rodriguez. "U.S. Banks Need To Be Safer For The Sake Of Main Street". Forbes. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
- ^ Collins, Gail (2019-03-20). "Opinion | Well, Socialism Couldn't Give Us Trump". The New York Times. ISSN 0362-4331. Archived from the original on 2020-11-07. Retrieved 2020-03-28.
- ^ Wolf, Martin (March 17, 2013). "Why bankers are intellectually naked". Financial Times. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
- ^ Admati, Anat (2013-10-02). "'Tarp's legacy is disturbing' – the bank bailout five years later". The Guardian. ISSN 0261-3077. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
- ^ "The Financial World's Rotten Culture Is Still a Threat-to All of Us". Time. Archived from the original on 2020-08-10. Retrieved 2020-03-28.
- ^ DePillis, Lydia (2018-03-16). "10 years after the financial crisis, have we learned anything?". CNNMoney. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
- ^ "Bank of England rapped for misleading public on UK financial safety". The Independent. 2016-03-09. Archived from the original on 2016-03-11. Retrieved 2020-03-28.
- ^ Carney, John (2013-07-12). "Everything you ever wanted to know about bank leverage rules". CNBC. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
- ^ "The people versus the bankers". The Economist. ISSN 0013-0613. Archived from the original on 2019-10-24. Retrieved 2020-03-28.
- ^ "12 Months of Reading". Wall Street Journal. 2013-12-13. ISSN 0099-9660. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
- ^ Emba, Christine (April 18, 2016). "Opinion | Has our economy become too 'financialized'?". The Washington Post. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
- ^ Appelbaum, Binyamin (2014-08-09). "When She Talks, Banks Shudder". The New York Times. ISSN 0362-4331. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
- ^ Holodny, Elena. "This Stanford Economist Has Obama's Attention — And It's Causing A Wall Street Freak-Out". Business Insider. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
- ^ "Books of the Year". Financial Times. November 29, 2013. Archived from the original on 2020-06-23. Retrieved 2020-03-28.
- ^ "Sloan Foundation Awards 90 Grants". The New York Times. 1987-04-19. ISSN 0362-4331. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
- ^ "Fellows of the Econometric Society 1950 to 2019 | The Econometric Society". www.econometricsociety.org. Archived from the original on 2019-07-07. Retrieved 2020-03-28.
- ^ "Top Female Economists Rankings | IDEAS/RePEc". ideas.repec.org. Archived from the original on 2021-03-21. Retrieved 2020-03-28.
- ^ "Economist Rankings | IDEAS/RePEc". ideas.repec.org. Archived from the original on 2016-08-12. Retrieved 2020-03-28.
- ^ "Ehrenpromotion 2014 der Wirtschaftswissenschaftlichen Fakultät". www.uzh.ch (in German). Archived from the original on 2020-03-28. Retrieved 2020-03-28.
- ^ "World Thinkers 2015: Anat Admati". Archived from the original on 2020-03-28. Retrieved 2020-03-28.
- ^ Kubota, Taylor (December 16, 2019). "Q&A with Stanford faculty on Silicon Valley". Stanford News. Stanford University. Archived from the original on 4 April 2020. Retrieved 5 April 2020.
- ^ Admati, Anat R.; Hellwig, Martin F. (2013). The bankers' new clothes : what's wrong with banking and what to do about it. Princeton: Princeton University Press. ISBN 978-0-691-15684-2. OCLC 812122319.
- ^ Admati, Anat R. (1991-10-01). "The informational role of prices: A review essay". Journal of Monetary Economics. 28 (2): 347–361. doi:10.1016/0304-3932(91)90057-U. ISSN 0304-3932.
- ^ Admati, Anat R.; Pfleiderer, Paul (2000-07-01). "Forcing Firms to Talk: Financial Disclosure Regulation and Externalities". The Review of Financial Studies. 13 (3): 479–519. doi:10.1093/rfs/13.3.479. ISSN 0893-9454. Archived from the original on 2022-01-22. Retrieved 2020-03-28.
- ^ Admati, Anat R.; Pfleiderer, Paul; Zechner, Josef (1994-12-01). "Large Shareholder Activism, Risk Sharing, and Financial Market Equilibrium". Journal of Political Economy. 102 (6): 1097–1130. doi:10.1086/261965. ISSN 0022-3808. S2CID 153067448. Archived from the original on 2020-03-28. Retrieved 2020-03-28.