hero image
Ross Levine - Haas School of Business, University of California, Berkeley. Berkeley, CA, US

Ross Levine Ross Levine

Professor | Willis H. Booth Chair in Banking and Finance | Haas School of Business, University of California, Berkeley

Berkeley, CA, UNITED STATES

Expert on how finance shapes the economy

Areas of Expertise (3)

Economic Growth and Development

Entrepreneurship

Financial Regulation

About

Ross Levine is the Willis H. Booth Chair in Banking and Finance at Berkeley Haas. He is also a Senior Fellow at the Milken Institute, a Research Associate at the National Bureau of Economic Research, and a member of the Council on Foreign Relations. He completed his undergraduate studies at Cornell University earned his PhD in economics from UCLA. He worked at the Board of Governors of the Federal Reserve System and the World Bank, where he conducted and managed research and operational programs. His research is focused in two areas: how financial regulations and the operation of financial systems shape economic growth, entrepreneurship, and economic prosperity more generally; and the cognitive and non-cognitive traits of entrepreneurs. His two most recent books, "Rethinking Bank Regulation: Till Angels Govern" and "Guardians of Finance: Making Regulators Work for Us," stress that regulatory policies often stymie competition and encourage excessive risk-taking, with deleterious effects on living standards. Levine advises governments, central banks, regulatory agencies, and multilateral organizations.

Education (2)

UCLA: PhD, Economics

Cornell University: AB, Economics

Selected External Service & Affiliations (6)

  • Senior Fellow, Milken Institute
  • Member, Council on Foreign Relations
  • Member, Advisory Scientific Committee of the European Systemic Risk Board
  • Associate, National Bureau of Economic Research
  • Steering Committee, Hoover Working Group on “Intellectual Property, Innovation, and Prosperity”
  • Editorial Board Member (present and past): Journal of Financial Intermediation, Journal of International Economics, Journal of Development Economics, Journal of Economic Growth

Positions Held (1)

At Haas since 2012

2012 – present, Willis H. Booth Chair in Banking and Finance, Haas School of Business
2007 – 2012, Director, William R. Rhodes Center for International Economics and Finance, Brown University
2005 – 2012, James and Merryl Tisch Professor of Economics, Department of Economics, Brown University
1999 – 2006, Curtis L. Carlson Professor of Finance, Department of Finance, University of Minnesota
1999, Professor, Department of Economics, University of Virginia
1997 – 1999, Associate Professor, Department of Economics, University of Virginia
1990 – 1997, Principal Economist, World Bank
1987 – 1990, Economist, Division of International Finance, Board of Governors of the Federal Reserve System

Media Appearances (2)

News focus with Ross Levine: US Fed's interest rate cut and implications for the global economy

eFM This Morning (South Korea)  online

2019-08-05

Prof. Ross Levine, Willis H. Booth Chair in Banking and Finance, is interviewed in this look on the recent U.S. designation of China as a "currency manipulator." He said the effects would be "probably minor, except that it continues the harsh interactions between China and the U.S., suggesting that these tensions are unlikely to ease soon."

view more

RBNZ appoints three independent experts to review bank capital proposals

New Zealand Herald  online

2019-05-29

Prof. Ross Levine, Willis H. Booth Chair in Banking and Finance, is one of three people named to a committee by the New Zealand Reserve Bank to independently review the analysis and advice underpinning its bank capital proposals.

view more

Working Papers (1)

Current Research Interests

- Financial regulation and economic growth, income inequality, and poverty
- The political economy of financial regulation
- Entrepreneurship

Selected Papers & Publications (22)

Competition and Bank Liquidity Creation Journal of Financial and Quantitative Analysis

Ross Levine, Liangliang Jiang and Chen Lin

Forthcoming

view more

Competition, Stability, and Efficiency in Financial Markets Jackson Hole Symposium: Changing market Structure and Implications for Monetary Policy

Ross Levine and Dean Corbae

2018

view more

Financial Development and Innovation-Led Growth Handbook of Finance and Development

Ross Levine, Philippe Aghion, and Peter Howitt

2018

view more

Introduction Handbook of Finance and Development

Ross Levine, Thorsten Beck

2018

view more

Finance, Growth, and Economic Prosperity Macroeconomic Review

Ross Levine

2018

view more

Insider Trading and Innovation Journal of Law and Economics

Ross Levine, Chen Lin, and Lai Wei

2017

view more

Smart and Illicit: Who Becomes an Entrepreneur and Do They Earn More? Quarterly Journal of Economics

Ross Levine and Yona Rubinstein

2017

view more

Competition and Bank Opacity Review of Financial Studies

Ross Levine, Liangliang Jiang, and Chen Lin

2016

view more

Does the Geographic Expansion of Banks Reduce Risk? Journal of Financial Economics

Ross Levine, Martin Goetz, and Luc Laeven

2016

view more

Spare Tire? Stock Markets, Banking Crises, and Economic Recoveries Journal of Financial Economics

Ross Levin, Chen Lin, and Wensi Xie

2016

view more

The European Origins of Economic Development Journal of Economic Growth

Ross Levine and William Easterly

2016

view more

Identifying the Valuation Effects and Agency Costs of Corporate Diversification The Review of Financial Studies

Martin R. Goetz, Luc Laeven and Ross Levine

2013

view more

Guardians of Finance: Making Regulators Work for Us MIT Press

James Barth, Gerard Caprio and Ross Levine

2012

view more

Big Bad Banks: The Winners and Losers from Bank Deregulation in the United States The Journal of Finance

Thorsten Beck, Ross Levine and Alexey Levkov

2010

view more

Bank Governance, Regulation, and Risk Taking Journal of Financial Economics

2009

view more

Rethinking Bank Regulation: Till Angles Govern Cambridge University Press

Ross Levine, James Barth, and Gerard Capri

2006

view more

Tropics, Germs, and Crops: How Endowments Influence Economic Development Journal of MonetaryEconomics

Ross Levine and William Easterly

2003

view more

Stock Markets, Banks, and Growth American Economic Review

Ross Levine and Sara Zervos

1998

view more

Africa’s Growth Tragedy: Policies and Ethnic Divisions Quarterly Journal of Economics

Ross Levine and William Easterly

1997

view more

Financial Development and Economic Growth: Views and Agenda Journal of Economic Literature

Ross Levine

1997

view more

Finance and Growth: Schumpeter Might be Right Quarterly Journal of Economics

Ross Levine and Robert G. King

1993

view more

A Sensitivity Analysis of Cross-Country Growth Regressions American Economic Review

Ross Levine

1992

Teaching (1)

Macroeconomics in the Global Economy

BA 201B