John Boyd

Professor, Banking Industry of Minnesota Chair at Carlson School of Management

Schools

  • Carlson School of Management

Links

Biography

Carlson School of Management

John Boyd

Professor, Banking Industry of Minnesota Chair

Finance

Education

BA 1966
Economics Willamette University

PhD 1970
Applied Economics University of Pennsylvania

Expertise

Finance and development

Financial intermediation

Banking

Contract theory

Boyd received his PhD in Applied Economics from the University of Pennsylvania.   Prior to his current appointment at Minnesota, be was Senior Research Officer, Federal Reserve Bank of Minneapolis, and earlier Associate Professor of Finance at Kellogg Graduate School of Management, Northwestern University.  Boyd has been or is consultant to the United States Treasury, Council of Economic Advisers, Federal Home Loan Banks, World Bank, International Monetary Fund, Federal Reserve System, various banking and trade associations, and has testified before the United States Congress.  He has published in several Finance and Economics journals, including American Economic Review,  Journal of Economic Theory, Journal of Monetary Economics, Journal of Money, Credit and Banking, Economic Theory, Journal of Finance, Journal of Financial Intermediation,  Review of Financial Studies, Palgrave''s Dictionary, and others.  Boyd''s primary research interests include banking, financial intermediation, intermediation and development, and the economics of gun ownership.  

Selected Works

"Introduction to Special Finance Issue," J. Boyd, North American Journal of Economics and Finance (1999).

"Bank Capital Regulation with and without StateContingent Penalties: A Comment," J. Boyd, CarnegieRochester Conference Series on Public Policy (2001).

"Comparing Market and Supervisory Assessments of Bank Performance: Who Knows What When? Comment," J. Boyd, Journal of Money, Credit, and Banking (August 2000).

"Moral Hazard under Commercial and Universal Banking," J. Boyd, C. Chang, B. Smith, Journal of Money, Credit, and Banking (1998).

"Capital Market Imperfections in a Monetary Growth Model," J. Boyd and B. Smith, Economic Theory (1998).

"Capital Market Imperfections, International Credit Markets, and Nonconvergence," J. Boyd and B. Smith, Journal of Economic Theory (1997).

"ExDividend Price Behavior of Common Stocks," J. Boyd and R. Jagannathan, Review of Financial Studies (1994).

"How Good Are Standard Debt Contracts? Stochastic Versus Nonstochastic Monitoring in a Costly State Verification Environment," J. Boyd and B. Smith, Journal of Business (1994).

"The Equilibrium Allocation of Investment Capital in the Presence of Adverse Selection and Costly State Verification," J. Boyd and B. Smith, Economic Theory (1993).

Current Activities

Community Relationships

Consultant for the Federal Reserve Bank of Minneapolis

Current Research

Inflation and financial market performance

Universal banking

Reforming deposit insurance

Editorial Appointments

Associate Editor, Review of Financial Studies

Editor, the North American Journal of Economics and Finance

Scholarly Service

Frederick R. Kappel Chair in Business and Government Relations

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