Anat R. Admati
Anat R. Admati
The George G.C. Parker Professor of Finance and Economics
Additional Administrative Titles
Bio
Anat R. Admati is the George G.C. Parker Professor of Finance and Economics at Stanford Graduate School of Business and a senior fellow at Stanford Institute for Economic Policy Research. Her disciplinary interests lie in the interaction of business, law and policy, and specifically governance and accountability mechanisms in the private sector and in government. Admati is also Faculty Director of the Corporations and Society Initiative at the GSB, whose mission is to raise awareness and increase understanding of the complex interactions among people, corporations and governments.
Since 2010, Admati has been engaged in the policy debates around the globe related to financial regulations and corporate accountability. Her insights have been featured in media outlets, including the New York Times, Washington Post, Wall Street Journal, Bloomberg, the Financial Times, CNN, and PBS. In 2014, Admati was named by Time Magazine as one of the 100 most influential people in the world and by Foreign Policy Magazine as among 100 global thinkers.
Admati has written academic papers on information dissemination in financial markets, portfolio management, financial contracting, corporate governance, and banking. She is the co-author, with Martin Hellwig, of the award-winning and highly acclaimed book, The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It (Princeton Press 2013). A 10th anniversary update will be published in 2023.
Admati holds BSc from the Hebrew University, MA, MPhil, and PhD from Yale University and an honorary doctorate from University of Zurich. She is a fellow of the Econometric Society, the recipient of multiple fellowships, research grants, and paper recognition, and is a past board member of the American Finance Association. She has served on a number of editorial boards and is a former member of the FDIC’s Systemic Resolution Advisory Committee, the CFTC’s Market Risk Advisory Committee, and visiting scholar at the International Monetary Fund.
Academic Degrees
- PhD, Yale University, 1983
- MA, Yale University, 1981
- BSc, Hebrew University, Jerusalem, 1979
Academic Appointments
- George G.C. Parker Professor of Finance and Economics, Stanford GSB, 2009–present.
- Professor by Courtesy, Department of Management Science and Engineering and Department of Economics, Stanford University, 2004–present
- Joseph McDonald Professor of Finance and Economics, Stanford GSB, 2000–09
- Professor of Finance and Economics, Stanford GSB, 1992–2000
- Visiting Professor of Economics, Tel-Aviv University, Economics, 1997–98
- Associate Professor of Finance and Economics, Stanford GSB, 1986–92
- Visiting Associate Professor of Finance, Tel-Aviv University, Recanati School of Management, 1989–90
- Assistant Professor of Decision Sciences, Stanford GSB, 1983–86
Awards and Honors
- Fellow of the Econometric Society, 2004–present
- Charles and Melissa Froland Faculty Fellow, 2020–21
- Robert & Marilyn Jaedicke Faculty Fellow, 2015–16
- Michelle R. Clayman Faculty Fellow, Stanford GSB, 2013–14
- Business School Trust Fellowship, Stanford Graduate School of Business, 2004–2005, 2009–2010, 2011–12
- Runner up for the Barclays Global Investors/Michael Brennan prize for the Best Paper in Volume 13 of the Review of Financial Studies, for “Forcing Firms to Talk: Financial Disclosure Regulation and Externalities” (with Paul Pfleiderer), 2001
- Board of Directors, American Finance Association, 1995–98
- NSF grant (with Paul Pfleiderer), 1993–95
- James and Doris McNamara Fellowship, Stanford GSB, AY 1993–94
- Robert M. and Anne T. Bass Fellowship, AY 1990–91
- Co-winner of NYSE Prize for the. Best Paper in the RFS-WFA-NYSE Market Microstructure Symposium, for “Sunshine Trading and Financial Market Equilibrium” (with Paul Pfleiderer), 1990
- Q-Group grant (with Paul Pfleiderer), 1989
- Alfred A. Sloan Research Fellowship, 1987–89
- Batterymarch Fellowship, 1987–88
- Prize for the best paper in the first volume of the Review of Financial Studies, for “A Theory of Intraday Trading Patterns: Volume and Price Variability” (with Paul Pfleiderer), 1987
Publications
Journal Articles
Books
Book Chapters
Working Papers
Academic Publications
Teaching
Degree Courses
Stanford Case Studies
Conferences, Talks & Speaking Engagements
Harvard College Economic Review | June 2019
Stigler Center, Chicago Booth School of Business | May 28, 2019
Anat Admati exposes the flaws in the banking system that could trigger another financial collapse, and lays out a plan to fix it in her new book “The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It.”
Stanford GSB Affiliations
Service to the Profession
- FDIC Systemic Resolution Advisory Committee
- CFTC Market Risk Advisory Committee
- Founding Member, President, Foundation for the Advancement of Research in Financial Economics, 2006-present
- Fellow, The Econometric Society, 2005-present
- Advisory Board Member, Journal of Financial Markets, 1998-present
- Associate Editor, Journal of Finance, 1990-present
- Associate Editor, Review of Financial Studies, 1987-1991
In the Media
Anat Admati, a US based expert on financial regulation told the New York Times last week, 'The main obstacle to financial reform is the lack of political will. To fix banking, we must hold policymakers who fail to protect us, accountable.'