Charles M. Kahn
Professor Emeritus of Finance
Educational BackgroundPh.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
Positions HeldCo-director, Office of Banking Research, University of Illinois, 1992-2014
Chair, Finance Department, University of Illinois, 2009-2012
Fred S. Bailey Memorial Chair of Finance, University of Illinois, 1997-2015
Professor of Economics, University of Illinois, 1990-2015
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
Recent PublicationsAntinolfi, G., Carapella, F., Kahn, C., Martin, A., Mills, D., Nosal, E. Forthcoming. Repos, Fire Sales and Bankruptcy Policy. Review of Economic Dynamics
Kahn, C., Quinn, S., Roberds, W. 2016. Central Banks and Payment Systems: The Evolving Trade-off between Cost and Risk. In Michael D. Bordo, Oyvind Eitrheim, Marc Flandreau and Jan F. Qvigstad (Ed.), Central Banks at a Crossroads: What Can We Learn from History?, 563-609. Cambridge, England: Cambridge University Press.
Kahn, C. 2013. Private Payment Systems, Collateral, and Interest Rates. Annals of Finance, 9: 83-114
Service ActivitiesAssociate Editor, Journal of Financial Market Infrastructures, 2012
Teaching and Research Interests
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.