1984, BSc in Applied Mathematics and Economics, Brown Univ.; 1987, MA and 1990, PhD in Economics, Harvard Univ. Since 1990, with Booth School of Business, Univ. of Chicago. 2001-03, Member, President's Council of Economic Advisors, White House; 2006-09, Member, Board of Governors, US Federal Reserve System. Currently, Member of the Advisory Board, Paulson Institute. Director: Financial Management Assoc.; National Assoc. for Business Economics; George J Stigler Center for Study of Economy and State. Former Editor, Journal of Law and Economics. Co-Author: Reforming US Financial Regulation. Research interests incl. regulation of financial institutions and markets.