College of Business University of Illinois at Urbana-Champaign
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George G. Pennacchi
Professor of Finance

Educational Background

Ph.D. Economics, Massachusetts Institute of Technology, 1984
Sc.B. Applied Mathematics-Economics, Brown University, 1977

Positions Held

At the University of Illinois since 1990. Assistant professor of finance at the University of Pennsylvania, 1984-90. Visiting professor at Bocconi University, Milan, Italy, 1995, 1996.

Recent Publications

Pennacchi, G., & Medan, D. (Eds.) 2003. Journal of Financial Services Research, 24: 213.

Pennacchi, G., Kahn, C., & Sopranzetti, B. Bank consolidation and the dynamics of consumer loan interest rates. Journal of Business, forthcoming.

Pennacchi, G., & Falkenheim, M. 2003. The cost of deposit insurance for privately held banks: A market comparable approach. Journal of Financial Services Research, 24: 121-148.

Pennacchi, G., 2002. Methodology to assess fiscal risk of pension guarantees. In Government at risk: Contingent liabilities and fiscal risk: 283-309. New York: Oxford University Press.

Pennacchi, G. 2001. Comment on market discipline of banks: The asset test. Journal of Financial Services Research, 20: 209-211.

Honors and Awards

Program Coordinator for Deposit Insurance, Center for Financial Research, Federal Deposit Insurance Corporation, 2004. Research Associate of the Federal Reserve Bank of Cleveland.

Academic Service

Editor, Journal of Financial Intermediation, 2002-present; Co-editor, Advances in Futures and Options Research, 1996-2000. Associate editor: Journal of Money, Credit, and Banking, 1993-present; Journal of Banking and Finance, 1998-present; Journal of Financial Services Research, 1999-present. Journal of Finance, 2000-2003. Journal of Financial Intermediation, 1993-2002; Management Science, 1998-2001.

Teaching and Research

Teaches courses in financial institutions and markets; and security pricing. Research interests include financial institutions, derivative securities, and bond markets. He is currently a consultant to the Office of Management and Budget, Executive Office of the President of the United States.

Contact Information:
304G David Kinley Hall
1407 W. Gregory Drive
Urbana, IL 61801
(217) 244-0952

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