Dwight M.
Jaffee: Research Home Page
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Booth
Professor of Banking and Finance |
Other Links
·
My
Official Haas School
Webpage
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My
Group Homepages: Real
Estate, Finance
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My
Curriculum Vitae (in PDF format)
Recent Research Papers (In PDF format, most current at top of
each group)
Selected
Mortgage Market and Subprime Crisis Papers
Catastrophe Insurance and Auto Insurance
Energy Efficiency and Commercial-Mortgage Valuation
(with Richard Stanton and Nancy Wallace, 09/13/2011)
Energy Factors, Leasing
Structure and the Market Price of Office Buildings in the U.S. (with Richard
Stanton and Nancy Wallace, 08/31/2011)
Market Mechanisms for Financial Green
Real Estate Investments (2009, with Nancy Wallace)
Selected Mortgage Market and Subprime
Crisis Papers
The Future of the GSEs: The Role for
Government in the U.S. Mortgage Market (Forthcoming 2013 NBER)
Reforming the US Mortgage Market Through Private Market Incentives (2012)
Housing Finance Reform: Private Markets Versus Government Guarantees (QJF 2011)
Bank Regulation and Mortgage Market Reform
(Berkeley Business Law Journal, 2011)
Housing Policy, Mortgage Policy and the Federal Housing Administration, (with John Quigley 2010)
Is the Market for Mortgage Backed Securities a Market for Lemons? (Review of Financial Studies 2009)
The U.S. Subprime Mortgage Crisis: Issues Raised and Lessons Learned (2009)
Monoline Regulations to Control the System Risk Created by
Investment Banks and the GSEs (2009)
Mortgage Origination and Securitization in the Financial Crisis, (Chapter
1 in Restoring Financial Stability 2009)
Reforming Fannie and Freddie (Regulation, 2009)
Mortgage Guarantee Programs and the Subprime Crisis (California Management Review 2008)
Impact of Global Capital Flows and Foreign
Financing on US Interest Rates, (2007)
Monoline Restrictions, with Applications to Mortgage
Insurance and Title Insurance (Review
of Industrial Organization 2006)
The Interest Rate Risk of
Fannie Mae and Freddie Mac (Journal of Financial Services Research, 2003)
Strategies to Develop Mortgage Markets in Transition
Economics (Financial Sector Reform, 1997)
Securitization in European Mortgage Markets (World Bank, 1995)
Implications for Mortgage Industry Structure (HUD 1995, part 1)
Implications for Mortgage Industry Structure (HUD 1995 part 2)
Catastrophe Insurance
(Terrorism and Earthquakes) and Auto Insurance
The Welfare Economics of Catastrophe
Losses and Insurance (with Thomas Russell), 2013, 38, pp. 469-494.
Long-Term Property Insurance (with
Howard Kunreuther and Erwann Michel-Kerjan, Journal
of Insurance Regulation 2011)
Nondiversification Traps (with Johan Walden, Review of
Financial Studies 2009)
Responding to WMD Terrorism Threats: The Role of Insurance
Markets (in WMD Terrorism,
MIT Press 2009)
NBCR Terrorism: Who Should Bear the Risk (in Global Business and
the Terrorist Threat,
Elgar, 2009)
"Non-Diversification
Traps in Markets for Catastrophic Risk (Review of
Financial Studies, 2009)
Financing Catastrophe Insurance: A New Proposal (In Risking
House and Home, 2008.
Terrorism Insurance: Rethinking the Government’s Role (Issues in Legal Scholarship, 2007)
Markets Under Stress: The Case of Extreme Event Insurance (in Stiglitz Festschrift )
Behavioral
Models of Insurance: The Case of the California Earthquake Authority
(NBER 2000)
Financial
Markets and Financial Intermediaries: The Case of Catastrophe Insurance
(NBER 1999)
Catastrophe
Insurance, Capital Markets, and Uninsurable Risks (Journal of Risk
and Insurance, June 1997)
The
Regulation of Auto Insurance in California, (Book Chapter, 2001)
The
Causes and Consequences of Rate Regulation in the Auto Insurance Industry
(Book Chapter, 1998)
Op-Ed
Pieces
Banks Won’t Cheer More Capital, But They Need (Bloomberg, 01/31/2012)
How To Privatize the Mortgage
Market (Wall Street Journal, 10/25/2010)
Show
Me the Money (The Economist's Voice, 2009)
Cost of Fannie, Freddie Rides on New Agency (San Francisco
Chronicle, 2008)
What to Do About Fannie and Freddie (The Economist's Voice,2006)
Should the Government Provide Catastrophe Insurance (The Economist's Voice, 2006)
On Intra-Firm Trade and Multinationals: Foreign Outsourcing and Offshoring in Manufacturing (published in Multinationals and Foreign Investment in Economic Development, Edited by Edward M. Graham, Palgrave Macmillan 2005.
Globalization and a High-Tech Economy: California, the United States, and Beyond (with Ashok Bardhan and Cynthia Kroll), Kluwer Academic Publishers, 2003. Available for purchase at SpringerOnLine or Amazon
Foreign Trade and California’s Economic Growth (full report and Policy Brief),
California Policy Seminar, Berkeley, 1998 (with Ashok Bardhan,
Josh Kirschenbaum, Cynthia Kroll, and David Howe).
International Trade and California's Economy: Data,
Chapter 2
International Trade and California's Economy:
Statistical Tests, Chapter 3
Structure of Banking Systems in Developed and
Transition Economies
Russian Banking (FRB of San
Francisco, 1995)