Berry Wilson

EDUCATION

PhD, New York University, New York City, New York - Finance

ACADEMIC AND PROFESSIONAL ENGAGEMENT ACTIVITIES

Dr. Berry Wilson is currently an Associate Professor of Finance at the Lubin School of Business, Pace University. Before joining Pace University, Professor Wilson held teaching positions at New York University, the University of Maryland, Georgetown University, and Johns Hopkins University. Dr. Wilson also served as a financial economist at the Federal Communications Commission, and was previously employed as a credit analyst at Citibank.

As well, Professor Wilson served as a World Bank consultant during 1995-2000. Presentation of this research included a 1997 Joint IMF World Bank Annual Conference in Hong Kong, and at a CEPR Conference: "The Origins and Management of Financial Crises" at Cambridge, UK, also in 1997. Academic publications of this research included Financial Fragility and Mexico's 1994 Peso Crisis: An Event-Window Analysis of Market-Valuation Effects (with G. Caprio and A. Saunders) published in Journal of Money, Credit and Banking in 2000, and Mexico's Financial-Sector Crisis: Propagative Linkages to Devaluation (The Economic Journal, 2000, with G. Caprio and A. Saunders). A World Bank project on optimal deposit insurance schemes culminated in a World Bank conference on the topic and publication of his work as Regression Evidence of Safety-Net Support in Canada and the U.S., 1893-1992 (with E.J. Kane) in the Quarterly Review of Economics and Finance in 2002.

Another area of research is with financial market stability and financial market crises. Published papers in this area include A Contracting Theory Interpretation of the Origins of Federal Deposit Insurance (Journal of Money, Credit and Banking, 1998, with E.J. Kane), Contagious Bank Runs: Some Evidence From The 1929-1933 Period (Journal of Financial Intermediation, 1996, with A. Saunders), and Contingent Liability In Banking: Useful Policy For Developing Countries? (in Reforming Financial Systems: Historical Implications For Policy, G. Caprio and D. Vittas, eds., Cambridge University Press).

Publications in the area of financial market performance include: Monetary Secrecy and Selective Disclosure: The Emerging-Market Case of Mexico's Monetary Reporting (Review of Financial Economics, 2004, with Anthony Saunders), Eggs in Too Few Baskets: The Impact of Loan Concentration on Bank-Sector Systemic Risk (Research in Banking and Finance, 2001, with G. Caprio) and Detecting Volatility Changes Across The Oil Sector (The Journal of Futures Markets, 1996, with R. Aggarwal and C. Inclan).

Another area of research interest is with the reliability of the statistical software. Microsoft's Excel is the most widely used statistical software worldwide, so its reliability is of particular importance. Publications include: On the Accuracy of Statistical Procedures in Excel 97, (Computational Statistics and Data Analysis, July, 1999), On the Accuracy of Statistical Procedures in Microsoft Excel 2000 and Excel 2002 (Computational Statistics and Data Analysis, 2002) and On the Accuracy of Statistical Procedures in Microsoft Excel 2003 (Computational Statistics & Data Analysis, 2005), all with B. McCullough.

Dr. Wilson has played an active role with Lubin's DPS program. Publications with doctoral students include (1) Systemic Risk, Missing Gold Flows and the Panic of 1907 with Mary Tone Rodgers (Quarterly Journal of Austrian Economics), (2) Overcertification and the NYCHA's Clamor for an NYSE Clearinghouse with B. McSherry (Quarterly Journal of Austrian Economics), (3) The Impact of Brand Value on Firm Valuation: The Moderating Influence of Firm Type with Colleen Kirk and Ipshita Ray (Journal of Brand Management), (4) The Technology of Ratings Then and Now; Hiding in Plain Sight with John T. Donnellan, (Financial Markets, Institutions & Instruments), (5) How Expert Judgment Reacts to a Major Financial Crisis: An Analysis of the 1925-1933 Bond Ratings of John Moody with John T. Donnellan, (The Journal of Behavioral Finance & Economics), Deflation and Reflation: The Pre-WW I Impact on NYSE Trading Volumes and Seat Prices, with Bernard McSherry (Journal of Economics and Public Finance) and Net Settlement and Counterparty Risk: Evidence from the Formation of the New York Stock Exchange Clearing House in 1892 with B. McSherry (Journal of Money, Credit and Banking).

Dr. Wilson has presented his research work at both domestic and international conferences. Conference presentations with Pace doctoral students include the following:

• Donnellan, J., Wilson, B. (2013, September). Results of the Decade” and Bond Rating Stability During the U.S. Great Depression. Presented at Academy of Behavioral Finance & Economics, Chicago.

• Wilson, B., Donnellan, J. (2015, March). How Expert Judgment Reacts to a Major Financial Crisis: An Analysis of the 1925-1933 Bond Ratings of John Moody. Presented at The Socionomist March 2015, Atlanta, Georgia.

• Donnellan, J. (2014, August). Results of the Decade and Bond Rating Stability During the U.S. Great Depression How expert judgment reacts to a major crisis: An analysis's of the 1925-1933 bond ratings of John Moody. Presented at Academy of Management, Philadelphia, PA.

Dr. Wilson received a B.S. from the University of Iowa and holds M.S. degrees in Environmental Engineering and Mathematical Statistics also from the University of Iowa. He earned a Ph.D. in Finance from New York University.

SELECTED CONTRIBUTIONS & PUBLICATIONS

McSherry, B., Wilson, B.K., McAndrews, J.J. (2017). Net Settlement and Counterparty Risk: Evidence From the Formation of the NYSE Clearing House in 1892. Journal of Money, Credit and Banking.

Wilson, B.K., Donnellan, J.T. (2016). The Technology of Ratings Then and Now; Hiding in Plain Sight. Financial Markets, Institutions and Instruments. 25(1-2).

Ray, I., Kirk, C., Wilson, B.K. (2013). The impact of brand value on firm valuation: The moderating influence of firm type. Journal of Brand Management. (doi:10.1057), 1-13.

Wilson, B.K. (2011). On the Information Content of Ratings: An Analysis of the Origin of Moody's Stock and Bond Ratings. Financial History Review. 18(2), 155-190.