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 University’s Graduate School of Business. He is a Research Fellow of the National Bureau of Economic Research and a Fellow of the American Academy of Arts and Sciences. Duffie is a past president of the American Finance Association and chaired the Financial Stability Board’s Market Participants Group on Reference Rate Reform. He is an independent director of the Dimensional Funds and a member of the leadership teams of the G30 Working Groups chaired by Tim Geithner on Treasury Market Liquidity and chaired by Bill Dudley on Bank Failures and Contagion: Lender of Last Resort, Liquidity, and Risk Management. Duffie’s most recent book is Fragmenting Markets: Post-Crisis Bank Regulations and Financial Market Liquidity, DeGruyter, 2022. In 2024, Duffie is teaching a new course at Stanford, “The Future of Money and Payments.”
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–present
- 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
- Schwartz Memorial Lecture, 2024
- Arthur Warga Award, 2024
- Onassis Prize in Finance, 2023
- R. Michael and Mary Shanahan Faculty Fellow, 2022–23
- Bies Lecture, Northwestern University, 2022
- R. Michael and Mary Shanahan Faculty Fellow, 2021–22
- Markov Lecture, INFORMS, 2021
- Stephen A. Ross Prize in Financial Economics, 2014, 2021
- Amundi Smith Breeden Prize, Journal of Finance, 2018
- Baffi Lecture, Banca d’Italia, 2017
- 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
Book Chapters
Working Papers
Teaching
Degree Courses
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