College of Business University of Illinois at Urbana-Champaign
HomeFaculty & ResearchStudentsProspective StudentsAlumniCorporationsAbout the College of BusinessContact Us


Charles M. Kahn
Bailey Memorial Chair of Money, Banking, and Finance and Professor of Economics

Educational Background

Ph.D. Economics, Harvard University, 1981
M.A. Economics, University of Cambridge, 1977
B.A. Applied Mathematics, Harvard College, 1975.

Positions Held

At the University of Illinois since 1988. Co-director, Office for Banking Research, 1992-present. Associate professor of economics, University of Chicago, 1981-89.

Recent Publications

Kahn, C., Engelbrecht-Wiggans, R. Low revenue equilibria in simultaneous ascending price auctions. Management Science, forthcoming.

Kahn, C. & Winton, A. Moral hazard and optimal subsidiary structure for financial institutions. Journal of Finance, forthcoming.

Kahn, C., Pennachi, G., & Sopranzetti, B. Bank consolidation and consumer loan interest rates. Journal of Business, supplement to 78 (2). forthcoming.

Kahn, C., & Santos, J. A. C. 2004. Allocating lending of last resort and supervision in the Euro area. In von Furstenberg, G. M., Alexander, V., & Melitz, J., (Eds.), Monetary unions and hard pegs: Effects on trade, financial development, and stability. Chapter 17. Oxford, U.K.: Oxford University Press.

Kahn, C., Roberds, W., & McAndrews, J. 2003. Settlement risk under gross and net settlement. Journal of Money, Credit, and Banking, 35: 591-608.

Kahn, C., & Engelbrecht-Wiggans, R. 2002. Multiunit auctions in which almost every bid wins. Southern Economic Journal: 68: 617-31.

Kahn, C., & Roberds, W. 2001. Real time gross settlement and the costs of immediacy. Journal of Monetary Economics, 47: 299-319.

Colwell, P., & Kahn, C. 2001. Economic functions of referrals and referral fees. Journal of Real Estate Finance and Economics, 23: 267-296.

Kahn, C., & Roberds, W. 2001. The CLS bank: A solution to the risks of international payments settlement? Carnegie-Rochester Conference Series on Public Policy, 54: 191-226.

Honors and Awards

College of Business Excellence in Research Award, 2002. Visiting scholar, the Federal Reserve Bank of Cleveland, 1997-present, and the Federal Reserve Bank of Atlanta, 1994-present.
Commerce Alumni Teaching Award, 1999. Overseas fellow, Churchill College, Cambridge University, 1999-2000. National Fellow, Hoover Institution, Stanford University, 1985-86.

Academic Service

Editorial Board, Economics Bulletin, 2000-present; Economic Theory, 1997-2001; Annals of Finance, 2004 to present; Journal of Economics and Management Strategy, 2004 to present.

Teaching and Research

Teaches courses in financial institutions, information and uncertainty, and game theory. A specialist in the economics of information and uncertainty, his research focuses on the applications of the theory of contracts and incentives to banking and financial intermediation. Current projects include an examination of arrangements for payment systems, including clearing houses, wire-transfers, and electronic moneys, investigation of multi-unit auctions, and documenting features of consumer interest rate pricing by banks. He is a consultant to the Federal Reserve Banks of Atlanta and Cleveland.

Contact Information:
419 Wohlers Hall
1206 South Sixth Street
Champaign, IL 61820
(217) 333-2813
c-kahn@uiuc.edu


More Information

Vita

 

Biographical Sketch

Homepage

 

Working Papers

 

Course Syllabi

Course Websites