Warrington’s Flannery cited in FT article

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Gainesville, Fla. – Mark Flannery, the BankAmerica Eminent Scholar in Finance, was selected by the Federal Reserve Bank of New York as a resident scholar based on his many years of experience and insightful research.

Now, the globally-heralded Financial Times also points to Flannery as a voice of reason in the cacophonous, tumultuous landscape that the world’s banking community has become.

In a recent article on FT.com, Flannery was cited for his research and opinions on contingent capital bonds (Cocos) tied to market capitalization. Stating that he has “long argued” for such, FT points readers (via a link to the Social Science Research Network) to a study by Flannery that was published in November 2002: “No Pain, No Gain? Effecting Market Discipline Via ‘Reverse Convertible Debentures.”

Professor Flannery is a prolific and influential scholar who has written on a wide variety of topics, including: government regulation of the financial sector, information content of security prices, financial management of financial institutions, and asset pricing. In addition to numerous published works in leading journals, Flannery has also served as an editor of the Journal of Money, Credit, and Banking and has been an associate editor at many other finance journals. He was a co-director of the Federal Deposit Insurance Corporation’s Center for Financial Research, and is incoming president of the Financial Intermediation Research Society.

Mark Flannery has been a member of the Federal Reserve Bank of New York’s Financial Advisory Roundtable since its inception in 2006, and will continue as a resident scholar there through the 2009 – 2010 academic year.