Esteemed professor of finance, Gerald A. Hanweck, Sr., passed away peacefully on December 6. Faculty and staff at George Mason University School of Business mourn the loss of their long-time colleague. Hanweck joined Mason in 1986, teaching courses in corporate finance, applied global macroeconomics, financial institutions, and financial markets at the undergraduate and MBA levels.
“No one on our faculty was more dedicated to Mason, nor a longer standing, more central member of our School community than Jerry, and we will miss him terribly,” said Dean Maury Peiperl.
Quoted by the media numerous times during his 35-year tenure with the School of Business, Hanweck’s research interests included 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. In addition to this research, he was published frequently and throughout his career in academic and professional journals, including the Journal of Banking and Finance, Journal of Monetary Economics, Bankers Magazine, Journal of Economics and Business, The Antitrust Bulletin, and the Journal of Money, Credit, and Banking.
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.
Hanweck was also a Visiting Scholar in the Division of Insurance and Research of the Federal Deposit Insurance Corporation (FDIC) from 2000-07 where 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.
Hanweck served as the area chair for finance and as the associate dean for graduate programs during his tenure. He received his BA in economics from Stanford University and his PhD in Economics from Washington University.
He is survived by his wife, Barbara, and children, Gerald Jr., Julia and Gregory Hanweck.