College of Business: University of Illinois at Urbana-Champaign

Professor of Finance and Fred S. Bailey Memorial Chair of Finance

Ph.D., Economics, Harvard University, 1981
B.A. (M.A.), Honors, Economics, University of Cambridge, 1977
B.A., Summa Cum Laude, Applied Mathematics, Harvard University, 1975

Fred S. Bailey Memorial Chair of Finance, University of Illinois, 1997 to present
Co-director, Office of Banking Research, University of Illinois, 1992 to present
Professor of Economics, University of Illinois, 1990 to present
Chair, Finance Department, University of Illinois, 2009-2012
Houblon Norman Fellow, Bank of England, 2007-2008
Visiting Tan-Chin Tuan Professor of Economics, National University of Singapore, 2007
Overseas Fellow, Churchill College, Cambridge University, 1999-2000
Visiting Fellow, Australian National University, 1994
Associate Professor of Economics, University of Illinois at Urbana-Champaign, 1988-1990
Associate Professor of Economics, University of Chicago, 1986-1989
Assistant Professor of Economics, University of Chicago, 1981-1985

Kahn, C. 2013. Private Payment Systems, Collateral, and Interest Rates. Annals of Finance, 9: 83-114

Kahn, C., Roberds, W. 2012. Clearing House Interbank Payments System (CHIPS). In Ritzer, George (Ed.), Wiley-Blackwell Encyclopedia of Globalization. England: John Wiley & Sons.

Espinosa-Vega, M., Sole, J., Kahn, C., Matta, R. 2011. Some Implications of Systemic Risk and the Design of Regulatory Architecture. In Stijn Claessens, Douglas D Evanoff, George G. Kaufman and Laura Kodres (Ed.), Macrorudential Regulatory Policies: The New Road to Financial Stability. World Scientific Publishing Co..

Kahn, C. 2011. Comment on “Precautionary Demand and Liquidity in Payment Systems” by Gara M. Afonso and Hyun Song Shin. Journal of Money, Credit, and Banking, 43, Supplement s2: 621-623

Associate Editor, Journal of Financial Market Infrastructures, 2012
Editorial Board Member, Economics Bulletin, 2000-2011

Teaching interests: Financial institutions, 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. He has been a Houblon-Norman Fellow of the Bank of England and is currently a visiting scholar at the Federal Reserve Bank of Chicago.