Dwight M. Jaffee: Research Home Page
DWIGHT M.
JAFFEE

Booth Professor of Banking and Finance
Haas School of Business, University of California, Berkeley

Member,
Haas Real Estate Group,  Haas Finance Group,
Chairman, Haas Real Estate Group
Co-Chair, Fisher Center for Real Estate and Urban Economics
Academic Status 2005-2006: On duty

Tel: 
    510-642-1273
fax:     510-643-7441
Email: jaffee@haas.berkeley.edu

 

  Other Links

Recent Research Papers (In PDF format, most current at top of each group)

Mortgage Market Papers

Investment Bank Regulation after the Bear Rescue (The Central Banker, June 2008, joint with Mark Perlow)

The U.S. Subprime Mortgage Crisis: Issues Raised and Lessons Learned (May 2008)

Multiline Insurance with Costly Capital and Limited Liability (January 2008 with Johan Walden and Rustam Ibragimov)

Impact of Global Capital Flows and Foreign Financing on US Interest Rates,” (joint with Ashok Bardhan), Research Institute for Housing America, September 2007

Is the Market for Mortgage Backed Securities a Market for Lemons? (with Chris Downing and Nancy Wallace), Working Paper, August 2007

Housing Subsidies and Homeowners: What Role for Government-Sponsored Enterprises?, (joint with John Quigley), Brookings-Wharton Papers on Urban Economics, 2007

Two Key Issues Concerning the Supervision of Bank Safety and Soundness, Economic Review Federal Reserve Bank of Atlanta, Volume 92, #1/2, 2007

Monoline Restrictions, with Applications to Mortgage Insurance and Title Insurance (RIO, 2006)

What to do About Fannie and Freddie (with Edward Glaser), The Economist's Voice September 2006

Reining in Fannie Mae and Freddie Mac, Regulation, Fall 2006

Controlling the Interest Rate Risk of Fannie Mae and Freddie Mac, Policy Brief 2006-PB-04, Networks Financial Institute, Indiana State University, April 2006

The Risk-Based Capital Test for Fannie Mae and Freddie Mac (Gerd M. Welke), Presented at ASSA Meetings, December 2004.

The Interest Rate Risk of Fannie Mae and Freddie Mac (Journal of Financial Services Research, December 2003)

Securitization in European Mortgage Markets (with Bertrand Renaud)

Strategies to Develop Mortgage Markets in Transition Economics (with Bertrand Renaud)

Implications for Mortgage Industry Structure (Hermalin & Jaffee), part 1.

Implications for Mortgage Industry Structure (Hermalin & Jaffee), part 2.

Catastrophe Insurance (Terrorism and Earthquakes)

Responding to WMD Terrorism Threats: The Role of Insurance Markets,” (joint with Thomas Russell,)  forthcoming in Stephen M. Maurer editor, WMD Terrorism: Science and Policy Choices, MIT Press

Financing Catastrophe Insurance: A New Proposal,” forthcoming in John M. Quigley and Larry A. Rosenthal editors, Risking House and Home: Disasters, Cities, Public Policy, Berkeley Public Policy Press

"Non-Diversification Traps in Markets for Catastrophic Risk (with Rustam Ibragimov and Johan Walden, Forthcoming Review of Financial Studies

Terrorism Insurance: Rethinking the Government’s Role (with Thomas Russell), Issues in Legal Scholarship, Catastrophic Risks: Prevention, Compensation, and Recovery, March 2007: Article 5

Should Governments Provide Catastrophe Insurance (with Tom Russell in the Economists' Voice) OECD Report, Nov 23, 2004

Markets Under Stress: The Case of Extreme Event Insurance (With Thomas Russell, 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)

Can Security Markets Save the Private Catastrophe Insurance Market

Catastrophe Insurance When Capital is Limited: A Comparison of Public and Private Approaches

Trade and Employment

Globalization, Offshoring, and Economic Convergence, A Synthesis,” forthcoming in Beverly Crawford editor, Offshoring Comes Home, Praeger 2007

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

Auto Insurance Papers (with Thomas Russell)

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)

Transition Economies

Structure of Banking Systems in Developed and Transition Economies

Russian Banking (FRB of San Francisco, 1995)

Russian Real Estate Markets

Real Estate in Urban Russia