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Anat Admati

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Anat Ruth Admati
ענת אדמתי
Born1956
Academic career
FieldFinancial economics
InstitutionStanford Graduate School of Business
Alma materHebrew University of Jerusalem
Yale University
AwardsFellow of the Econometric Society
Information at IDEAS / RePEc
Websiteadmati.people.stanford.edu

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]

Career and education

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Admati 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

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Anat Admati interviewed on instability in the financial system and regulatory solutions, March 2017

Her 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

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She 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

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  • 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

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  1. ^ 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.
  2. ^ a b "Anat R. Admati". Stanford Graduate School of Business. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
  3. ^ "Anat Admati". Time. Archived from the original on 2020-10-12. Retrieved 2020-03-28.
  4. ^ "The World's 100 Most Influential People". Time. Archived from the original on 2020-05-27. Retrieved 2020-03-28.
  5. ^ 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.
  6. ^ "Anat Admati". World Economic Forum. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
  7. ^ "Institute for New Economic Thinking". Institute for New Economic Thinking. Archived from the original on 2020-08-09. Retrieved 2020-03-28.
  8. ^ a b "Admati's CV on the Stanford website" (PDF). Archived (PDF) from the original on 2020-03-28.
  9. ^ "Overview of Corporations and Society Initiative". Stanford Graduate School of Business. Archived from the original on 2020-03-16. Retrieved 2020-03-28.
  10. ^ "Google Scholar". scholar.google.com. Retrieved 2020-03-28.
  11. ^ 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.
  12. ^ "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.
  13. ^ "'Bankers' New Clothes' Leave Too Little Skin In The Game". NPR.org. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
  14. ^ 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.
  15. ^ 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.
  16. ^ Wolf, Martin (March 17, 2013). "Why bankers are intellectually naked". Financial Times. Archived from the original on 2020-03-28. Retrieved 2020-03-28.
  17. ^ 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.
  18. ^ "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.
  19. ^ 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.
  20. ^ "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.
  21. ^ 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.
  22. ^ "The people versus the bankers". The Economist. ISSN 0013-0613. Archived from the original on 2019-10-24. Retrieved 2020-03-28.
  23. ^ "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.
  24. ^ 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.
  25. ^ 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.
  26. ^ 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.
  27. ^ "Books of the Year". Financial Times. November 29, 2013. Archived from the original on 2020-06-23. Retrieved 2020-03-28.
  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.
  29. ^ "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.
  30. ^ "Top Female Economists Rankings | IDEAS/RePEc". ideas.repec.org. Archived from the original on 2021-03-21. Retrieved 2020-03-28.
  31. ^ "Economist Rankings | IDEAS/RePEc". ideas.repec.org. Archived from the original on 2016-08-12. Retrieved 2020-03-28.
  32. ^ "Ehrenpromotion 2014 der Wirtschaftswissenschaftlichen Fakultät". www.uzh.ch (in German). Archived from the original on 2020-03-28. Retrieved 2020-03-28.
  33. ^ "World Thinkers 2015: Anat Admati". Archived from the original on 2020-03-28. Retrieved 2020-03-28.
  34. ^ 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.
  35. ^ 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.
  36. ^ 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.
  37. ^ 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.
  38. ^ 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.