Richard Herring

Richard J. Herring

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Richard J. Herring is the Jacob Safra Professor of International Banking at the Wharton School, University of Pennsylvania, where he is also founding director of the Wharton Financial Institutions Center. Outside the university, he serves as cochair of the US Shadow Financial Regulatory Committee and executive director of the Financial Economists Roundtable; he is also a member of the advisory boards of the International Center for Regulation in London, the European Banking Review in Rome, and the Center for Financial Studies in Frankfurt.   His most recent books include the 12th Geneva Report on the World Economy (2010), A Safer World Financial System: Improving the Resolution of Systemic Institutions (with S. Claessens and D. Schoenmaker), and The Known, the Unknown and the Unknowable in Financial Risk Management (edited with F. Diebold and N. Doherty; Princeton University Press, 2010).

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Recent Commentary

Ending Government Bailouts As We Know Them image cover

Ending Government Bailouts As We Know Them

by Nicholas F. Brady, Darrell Duffie, Joseph A. Grundfest, Richard J. Herring, Thomas M. Hoenig, Thomas Jackson, William F. Kroener III, Charles S. Morris, Kenneth E. Scott, George P. Shultz, Kenneth Spong, Johannes Stroebel, Kimberly Anne Summe, John B. Taylor, Paul Volckervia Hoover Press
Monday, March 15, 2010

The American people are clearly upset about the massive government bailouts of faltering organizations and the consequent commitment of taxpayer dollars-as well as the heavy involvement of the federal government in private sector activities.

The Road Ahead for the Fed

The Road Ahead for the Fed

by George P. Shultz, Allan H. Meltzer, Peter R. Fisher, Donald L. Kohn, James D. Hamilton, John B. Taylor, Myron S. Scholes, Darrell Duffie, Andrew Crockett, Michael J. Halloran, Richard J. Herring, John D. Ciorciarivia Hoover Press
Tuesday, November 17, 2009

The Federal Reserve is the single most important economic policy institution in the United States. Its recent unprecedented actions and interventions have raised serious concerns in many quarters about inflation, as well as the independence and effectiveness of the Fed.