Hanweck, Gerald A.
- Financial institutions and markets performance
- Financial markets and their relation to public polcy
- Economic stabilization and monetary policy
- Economies of scale and scope and mergers in the financial service industries
- PhD - Economics, Washington University, St. Louis, MO
- BA - Economics, Stanford University, Stanford, CA
Gerald A. Hanweck is a professor of finance in the School of Business at George Mason University. He was a Visiting Scholar in the Division of Insurance and Research of the Federal Deposit Insurance Corporation from 2000-07. He joined the faculty at George Mason in 1986, and teaches courses in corporate finance, applied global macroeconomics, financial institutions, and financial markets at the undergraduate and MBA levels.
At the FDIC he concentrated on the use of financial market information in bank risk management strategies, for use in establishing federal deposit insurance pricing, improvements in identification of banks in financial distress, and the subprime mortgage crisis implications for bank financial soundness. In this latter regard, scenario analyses have been developed relating macroeconomic and financial market factors to banking performance measures to better predict the effects of regional and macroeconomic cycles on banking company risk taking and vulnerability and mortgage portfolio stability. He has served as consultant to government agencies, banks and business and as an expert witness in litigation involving financial institutions and government agencies and is often cited in financial media articles.
Before joining George Mason University, Hanweck was an economist in the Division of Research and Statistics at the Board of Governors of the Federal Reserve System, Washington, D.C., concentrating on banking company mergers, bank lending and operating performance and financial stability.
Dr. Hanweck’s research interests include financial institutions and markets performance, public policy regarding these institutions and the structure of their markets, economic stabilization and monetary policy as they influence financial institutions and markets performance, and economies of scale and scope and mergers in the financial service industries.
He has published research on these topics in academic and professional journals including Journal of Banking and Finance, Journal of Monetary Economics, Bankers Magazine, Journal of Economics and Business, The Antitrust Bulletin, and Journal of Money, Credit, and Banking. In addition to this research, Hanweck co-authored two books with Bernard Shull, Interest Rate Volatility: Understanding, Analyzing, and Managing Interest Rate Risk and Risk-Based Capital, published by Irwin Professional Publishing, January 1996 and Bank Mergers in a Deregulated Environment: Promise and Peril, Quorum Books, 2001.
He is presently working on a third book on the perilous effects outlined in Promise and Peril leading to the financial and economic crisis of 2007-2009 and the proposed measures to avoid these crises in the future.
Presented the paper titled, “Identifying House Price Booms and Bubbles: A Disequilibrium Analysis from Chaos Theory” at the Internation Atlantic Economic Conference in Washington, D.C. in October in 2016. The presentation was also published in the conference proceedings.
Presented the paper titled, “Roots of the Subprime Mortgage Crisis: Consequences of Extreme Loan-to-Value Ratios” at the Federal Deposit Insurance Corporation in Washington D.C., in December in 2012 (with coauthor Gary Fissel).
Presented the paper titled “Is $8 Billion Enough As a Payment to Taxpayers for Their Bailout of Citigroup?: A Proposed Management Strategy for Systemic Risk” at the SIGTARP, U.S. Treasury Department, in Washington D.C.
Presented the paper titled “Subprime Mortgage Delinquency and Default Rates by Metropolitan Area” at the European Finance Association annual meeting in Aahrus, Denmark in June 2010. The paper was printed in the conference proceedings.
Presented the paper titled “'Banks' and Thrifts' Exposure to Commercial Real Estate and the Weight of Distressed Assets: 'It's Déjà Vu All Over Again' and 'It Ain't Over 'til' It's Over'” at the Distressed Assets and the Commercial Mortgage Crisis, a conference sponsored by NAIOP of Northern Virginia in Alexandria, Virginia. The paper was also published in the conference proceedings.
Presented the paper titled “Effects of the Economic Stimulus Package on Loudoun County” at the Road to Recovery Forum, in Loudoun, Virginia in May 2010.