To search the Initiative on Global Markets website, enter keyword(s), and click "Go".
Faculty Directors
The following members of the Chicago Booth faculty serve on the executive board of the Initiative on Global Markets (IGM).
The composition of the executive board reflects that a comprehensive approach to these issues must combine research done by accountants, micro, macro and financial economists.
Executive Director
Brian Barry is Clinical Professor of Economics. The IGM looks broadly at global movements of capital, products and talent in the modern economy, by examining how these markets work, their effects, and the way they interact with policies and institutions.
Barry was a journalist for The Economist from 1994 to 2007, acting as a US correspondent, Tokyo bureau chief, Southeast Asia correspondent, management correspondent in London, and finance-and-economics correspondent in Washington. As a US correspondent, he traveled broadly across the American interior, writing about politics, business, and economic and social trends.
Barry attended Swarthmore College, where he earned a bachelor's degree in economics with a minor in political science and graduated with honors in 1989. He earned a master of science degree from the University of Rochester's Simon School of Business in 1994, where he also received a National Doctoral Fellowship.
Co-Directors and Members of Executive Board
Anil Kashyap, is the Edward Eagle Brown Professor of Economics and Finance and Richard N. Rosett Faculty Fellow. He has authored and edited five books and over 40 scholarly articles on banking, business cycles, the Japanese economy and monetary policy.
Kashyap currently works as a consultant for the Federal Reserve Bank of Chicago, and serves as a member of the Economic Advisory Panel of the Federal Reserve Bank of New York, and as a Research Associate for the National Bureau of Economic Research (NBER). He is one of the international advisors to the Swedish Riksbank, is on the Congressional Budget Office's Panel of Economic Advisers, and serves on the Board of Directors of the Bank of Italy's Einuadi Institute of Economics and Finance. He is a member of the Squam Lake Group, the Bellagio Group of academics and economic officials, and of the International Monetary Fund's Advisory Group on the development of a macro-prudential policy framework.
Kashyap cofounded the US Monetary Policy Forum and currently teaches advanced MBA elective classes on "Analyzing Financial Crises" and "Understanding Central Banks."
Kashyap earned an undergraduate degree in economics and statistics from the University of California at Davis and a PhD in economics from the Massachusetts Institute of Technology.
Christian Leuz, Joseph Sondheimer Professor of International Economics, Finance and Accounting and the Richard N. Rosett Faculty Fellow at the University of Chicago's Booth School of Business. He is also a co-director of the Initiative on Global Markets, a research associate at the National Bureau of Economic Research and at the European Corporate Governance Institute and a fellow at Wharton's Financial Institution Center, Goethe Universität Frankfurt's Center for Financial Studies, and the CESifo Research Network. His research examines the role of corporate disclosures, accounting transparency and disclosure regulation in capital markets, corporate governance and corporate financing. His work has been published among others in the Journal of Accounting Research, Journal of Accounting & Economics, Journal of Financial Economics, and the Review of Financial Studies.
He has received several awards and honors, including the 2011 Wildman Medal Award, the 2010 Notable Contribution to the Accounting Literature Award as well as a JFE All Star Paper Award. In 2012, Leuz was awarded a Humboldt Research Award. Professor Leuz is an editor for the Journal of Accounting Research. He serves on the editorial board of the Journal of Business, Finance and Accounting, and the Review of Accounting Studies.
Born in Germany, Leuz earned his doctoral degree and "Habilitation" at the Goethe University Frankfurt in Germany. Prior to this position, he was the Harold Stott Term Assistant Professor in Accounting at the Wharton School of the University of Pennsylvania and a visiting doctoral fellow at the Simon School of Business, University of Rochester.
Executive Board (along with above)
Matthew Gentzkow, professor of economics and Neubauer Family Faculty Fellow, studies empirical industrial organization, with a specific focus on media industries. "Media has always been a great interest of mine. I think it's an area that has been understudied by economists and is just beginning to grow into an active area of research," he explains. His work has been published in the Journal of Political Economy, the Quarterly Journal of Economics, and the American Economic Review. He also has written a chapter in Corruption and Reform: Lessons from America's History, which was published by the National Bureau of Economic Research in 2006. His research has been covered in major national media, including the New York Times, the Wall Street Journal, the Financial Times, Forbes, the Chicago Tribune, and Slate. Gentzkow has been awarded a National Science Foundation grant for research on media bias, and received a Faculty Excellence Award for teaching. He hopes his students learn to "ask more questions, think critically, and to realize that many arguments that sound good aren't."
Tobias Moskowitz is the Fama Family Professor of Finance. He was recognized by the American Finance Association with its 2007 Fischer Black Prize, which is awarded biennially to the top finance scholar in the world under the age of 40 in years when one is deemed deserving. The award cited his "ingenious and careful use of newly available data to address fundamental questions in finance."
His work has been cited in the Wall Street Journal, the New York Times, Financial Times, US News and World Report, Money magazine, and a 2005 speech by former Federal Reserve Chairman Alan Greenspan. He has also appeared on CNBC's Closing Bell and Squawk Box, CNN, FOX, as well as Bloomberg.
Moskowitz serves as a research associate for the National Bureau of Economic Research and is a current associate editor of the Journal of Finance. His research studies financial markets and investments, including the behavior of prices and investors. He has explored topics as diverse as momentum in stock returns, biases in investment portfolios, the social effects of bank mergers, the return to private business ownership, mutual and hedge fund performance, the political economy of financial regulation, and the economics of sports.
In 2011, he wrote the best-selling book "Scorecasting," (Crown Archetype, Random House) co-authored with L. Jon Wertheim of Sports Illustrated, that uses economic principles to explain the hidden side of sports.
Moskowitz earned a bachelor's degree in industrial management and industrial engineering (with distinction) in 1993 from Purdue University, a master's degree in management from Purdue in 1994, and a Ph.D. in finance from UCLA in 1998.
Amir Sufi is professor of finance at the University of Chicago Booth School of Business. He is also a research associate at the National Bureau of Economic Research. He serves as an associate editor for the American Economic Review and the Quarterly Journal of Economics.
Sufi's research focuses on finance and macroeconomics. His research has won numerous prizes, including the Brattle Prize for Distinguished Paper from the Journal of Finance and the inaugural Young Researcher Prize from the Review of Financial Studies. Sufi has articles in the American Economic Review, the Journal of Finance and the Quarterly Journal of Economics. He was also awarded an Alfred P. Sloan Research Fellowship in 2011.
His recent research on household debt and the macroeconomy has been profiled in the Economist, the New York Times, and the Wall Street Journal. It has also been presented to policy-makers at the Federal Reserve and the Senate Committee on Banking, Housing, & Urban Affairs.
Sufi graduated Phi Beta Kappa from the Walsh School of Foreign Service at Georgetown University with a bachelor's degree in economics 1999. He earned a PhD in economics from the Massachusetts Institute of Technology in 2005, where we was awarded the Solow Endowment Prize for Graduate Student Excellence in Teaching and Research. He joined the Chicago Booth faculty in 2005.
Luigi Zingales' research interests span from corporate governance to financial development, from political economy to the economic effects of culture. Currently, he has been involved in developing the best interventions to cope with the aftermath of the financial crisis. He also co-developed the Financial Trust Index, which is designed to monitor the level of trust that Americans have toward their financial system. In addition to holding his position at Chicago Booth, Zingales is currently a faculty research fellow for the National Bureau of Economic Research, a research fellow for the Center for Economic Policy Research, and a fellow of the European Governance Institute. He is also the president-elect of the American Finance Association and an editorialist for Il Sole 24 Ore, the Italian equivalent of the Financial Times. Zingales also serves on the Committee on Capital Markets Regulation, which has been examining the legislative, regulatory, and legal issues affecting how public companies function.
His research has earned him the 2003 Bernácer Prize for the best young European financial economist, the 2002 Nasdaq award for best paper in capital formation, and a National Science Foundation Grant in economics. His work has been published in the Journal of Financial Economics, the Journal of Finance and the American Economic Review.
His book, Saving Capitalism from Capitalists, coauthored with Raghuram G. Rajan, has been acclaimed as "one of the most powerful defenses of the free market ever written" by Bruce Bartlett of National Review Online. Martin Wolf of the Financial Times called it "an important book."
Born in Italy, a country with high inflation and unemployment which has inspired his professional interests as an economist, Zingales carries with him a political passion and the belief that economists should not just interpret the world, they should change it for the better. Commenting on his method of teaching on a few very important lessons rather than a myriad of details, Zingales says, "Twenty years from now they might have forgotten all the details of my course, but hopefully they will not have forgotten the way of thinking."
Zingales received a bachelor's degree in economics summa cum laude from Università Bocconi in Italy in 1987 and a PhD in economics from the Massachusetts Institute of Technology in 1992. He joined the Chicago Booth faculty in 1992.
