Darrell Duffie
The Adams Distinguished Professor of Management and Professor of Finance
Research Statement
Bio
Darrell Duffie is The Adams Distinguished Professor of Management and Professor of Finance at Stanford Graduate School of Business. He is a fellow and member of the Council of the Econometric Society, a research fellow of the National Bureau of Economic Research, and a fellow of the American Academy of Arts and Sciences. Duffie was the 2009 president of the American Finance Association. In 2014, he chaired the Market Participants Group, charged by the Financial Stability Board with recommending reforms to Libor, Euribor, and other interest rate benchmarks. Duffie’s recent books include How Big Banks Fail (Princeton University Press, 2010), Measuring Corporate Default Risk (Oxford University Press, 2011), and Dark Markets (Princeton University Press, 2012).
Academic Degrees
- PhD, Stanford University, 1984
- MEc, University of New England, 1980
- BScE, University of New Brunswick, 1975
Professional Experience
- Independent Director on the Board of Dimensional Funds, 2019–21
- Member of the Board of Directors of Moody's Corporation, 2008–18
- Chair, Market Participants Group on Reference Rate Reform, 2013–14
Awards and Honors
- R. Michael and Mary Shanahan Faculty Fellow for 2021–22
- Stephen A. Ross Prize in Financial Economics, 2014, 2021
- Amundi Pioneer Prize, The Journal of Finance, 2017
- Elected Fellow, American Academic of Arts and Sciences, 2007
- Clarendon Lecturer in Finance, Oxford University, 2004
- Financial Engineer of the Year, International Association of Financial Engineering, 2003
- Distinguished Teacher Award, Doctoral Program, Graduate School of Business, Stanford University, 2003
- NYSE Prize for equity research, Western Finance Association, 2002
Publications
Journal Articles
Books
Working Papers
Teaching
Degree Courses
Executive Education & Other Non-Degree Programs
Stanford Case Studies
Conferences, Talks & Speaking Engagements
Darrell Duffie exposes the tri-party repo system as one of the most dangerous weak points in the US financial system, and explains how to fix it.
Stanford GSB Affiliations
- Faculty Affiliate King Center on Global Development
Service to the Profession
- Fellow and Member of Council, Econometric Society, 1997-present
- Research Associate, National Bureau of Economic Research, 1997-present