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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 shares his analysis of the Federal Reserve's interest rate increase and the economy's strength

Professor Lawrence White discusses the impact of the US national debt on the economy

Professor Lawrence White shares how Italy's political crisis will impact financial markets

Professor Lawrence White shares his views on proposed changes to banking regulation

Professor Lawrence White shares his views on the recent jobs report

Professor Lawrence White shares his views on Wells Fargo's fines in connection with its mortgages and auto loans

Professor Lawrence White comments on Wells Fargo's $1 billion fine by the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency

Professor Lawrence White shares his views on the impact of tariffs and the economic tensions between the US and China

Music Licensing Reform Is Singing The Same Old Song

Professor Lawrence White outlines the legal obstacles Amazon would face if it looks to offer banking services

Professor Lawrence White explains why he does not believe the Royal Bank of Scotland will receive government subsidies to stem layoffs in its Stamford headquarters

Professor Lawrence White discusses the risks of unsecured credit cards for consumers

Professor Lawrence White discusses how recent tax cuts will impact Apple and advocates for the simplification of the tax code

Professor Lawrence White discusses the Royal Bank of Scotland's layoffs in Stamford, Connecticut

Professor Lawrence White discusses the impact of hurricanes on small business insurance premiums

Professor Lawrence White is interviewed about the long-term prospects of General Electric for investors

Professor Lawrence White shares his views on the Republican tax plan

Professor Lawrence White comments on the Royal Bank of Scotland's layoffs in Stamford

Professor Lawrence White is interviewed about the state of the automobile industry

Professor Lawrence White comments on the impact of tensions with North Korea on financial markets

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