Anat R. Admati
She has written extensively on information dissemination in financial markets, trading mechanisms, portfolio management, financial contracting, and corporate governance and banking. Since 2010, she has been active in the debate over financial regulation, particularly capital regulation, and has written research and policy papers and commentary on the subject. She is a coauthor of the book, The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It.
Admati has become a gadfly to the banking industry because of her view that the regulatory changes since the 2008 crisis are insufficient and that banks should be made to behave more like other companies by forcing them to reduce greatly their reliance on borrowed money. She has said that big banks should be required to raise at least 30 percent of their funding in the form of equity, about six times more than the current average for the largest American banks. She has also advocated requiring banks to suspend dividend payments, which would increase their equity by retaining their profits, until they are sufficiently capitalized.
She is a fellow of the Econometric Society, and has served as a board member of the American Finance Association and on multiple editorial boards. She also serves on the FDIC Systemic Resolution Advisory Committee.
She is the recipient of a Sloan Research Fellowship, a Batterymarch Fellowship, and multiple research grants. TIME Magazine named her one of the 100 most influential people in 2014.
Admati has written many articles regarding financial markets, portfolio management, financial contracting, and corporate governance and banking. She has also previously served on the board for the American Finance Association.
In February 2014, she debated bankers at the World Economic Forum in Davos, Switzerland. President Obama invited her and five other economists to a private lunch in July 2014 to discuss their ideas. A few weeks later, she testified for the first time before the Senate Banking Committee.
Anat received a BS degree in Mathematics and Statistics from the Hebrew University in Jerusalem and an MA, MPhil and PhD from Yale University.
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