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Lawrence J. White

Lawrence J. White

Joined Stern 1976

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 7-65
New York, NY 10012

E-mail lwhite@stern.nyu.edu
Personal website

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Biography

Lawrence White has been with New York University Leonard N. Stern School of Business for more than 35 years. His primary research areas of interest include financial regulation, antitrust, network industries, international banking and applied microeconomics.

Professor White has published numerous articles in the Journal of Business, Journal of Economic Perspectives, Journal of Economic Literature, Journal of Political Economy, American Economic Review, Review of Economics and Statistics, Quarterly Journal of Economics, and other leading journals in economics, finance, and law. He is the author of The S&L Debacle: Public Policy Lessons for Bank and Thrift Regulation, among other books, and he is the co-editor (with John Kwoka) of the 6th of edition of The Antitrust Revolution. He contributed chapters to both of the NYU Stern books on the financial crisis - Restoring Financial Stability and Regulating Wall Street. He is the co-author (with Stern's Viral Acharya, Matthew Richardson, and Stijn Van Nieuwerburgh) of Guaranteed to Fail: Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance.

Research Interests

  • Financial regulation
  • Antitrust
  • General regulation
  • Industrial organization
  • Banks, banking and bank behavior

Courses Taught

  • Business and its Publics
  • Firms & Markets

Academic Background

Ph.D., Economics, 1969
Harvard University

M.Sc., Economics, 1965
London School of Economics

B.A., Economics, 1964
Harvard University

Awards & Appointments

 
Industrial Organization Society Distinguished Service Award 2015
NYU Stern Faculty Leadership Award 2014
Western Economic Association International Board Member and Secretary-Treasurer 2006
Corporate Practice Commentator Top 10 Corporate and Securities Article of 2005 2005
Review of Industrial Organization General Editor 2004
University of South Australia Fulbright Senior Specialist Grant 2002
Southern Finance Association meetings Outstanding Paper in Financial Institutions 2000

Selected Publications

J.E. Kwoka, Jr., L. White (2013)
The Antitrust Revolution: Economics, Competition, and Policy
6th edn., Oxford University Press, 2014

V. Acharya, M. Richardson, S. Van Nieuwerburgh, L. White (2011)
Guaranteed to Fail: Fannie Mae, Freddie Mac and the Debacle of Mortgage Finance
Princeton University Press, 2011

V. Acharya, M. Richardson, S. Van Nieuwerburgh, L. White (2011)
The Government-Sponsored Enterprises
Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance. Wiley, 2011

V. Acharya, M. Richardson, S. Van Nieuwerburgh, L. White (2011)
Regulation of Rating Agencies

T. Lenard, L. White
Improving ICANN's Governance and Accountability: A Policy Proposal
Information Economics and Policy

Related News & Research

Professor Lawrence White is interviewed about the relationship between interest rates and bank profitability

Professor Lawrence White provides insight into Donald Trump's plan to renegotiate international trade deals

Professor Lawrence White shares his views on Donald Trump's trade policy ideas

Professor Lawrence White comments on the Trump campaign’s statement regarding his taxes

Professor Lawrence White discusses the causes of the recession

ICANN — A Regulator in Need of Antitrust Oversight

Professor Lawrence White discusses Point, a startup that purchases equity stakes in homes

Professor Lawrence White discusses Donald Trump's stock holdings

Professor Lawrence White weighs in on the relevance of Donald Trump's tax returns

Professors Kim Schoenholtz and Lawrence White discuss the merits of reviving Glass-Steagall

Professor Lawrence White discusses the US economy in connection with decreased restaurant spending by consumers

Professor Lawrence White explains the recent surge in foreign investors buying US bonds

Professor Lawrence White discusses the US-China trade deficit during President Obama's first term

Stern Faculty Examine the Implications of “Brexit”

Stern Faculty Examine the Implications of “Brexit”

Professor Lawrence White discusses the potential impact of Donald Trump's proposal to increase tariffs on goods from China and Mexico

Professor Lawrence White comments on ongoing litigation against big banks in connection with the Libor benchmark interest rate manipulation

Professor Lawrence White explains how external factors impact investor behavior

Professor Lawrence White discusses a recent court ruling on the federal regulation of MetLife

Professor Lawrence White discusses the United States' trade relationship with Cuba

Areas of Expertise

Economics

  • Antitrust & Regulatory Issues
  • Business Strategy
  • Economic History
  • Game Theory
  • Industrial Organization
  • Microeconomics
  • Political Economy
  • Social Security

Finance

  • Credit Rating Agencies
  • Derivatives