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Edward Kane


Edward J. Kane (born June 30, 1935) is an American economist and writer. He is a long-time student of incentive conflict in financial regulation and in crisis-management policies. He contends that too-big-to-fail policies are rooted in the cultural norms of major central banks around the world.

Kane was born in Washington D.C. on June 30, 1935. He received a BS from Georgetown University and a Ph. D from Massachusetts Institute of Technology where he studied under Evsey Domar, Charles Kindleberger, Paul Samuelson and Robert Solow. In August 1959, he married Gloria Verdi, who died in 2012. They have three children,: Laura Kane, Stephen Kane and Edward F. Kane.

He served as the James F. Cleary Professor in Finance at Boston College from 1992-2009, where he continues to serve as Research Professor. From 1972 to 1992 he held the Everett D. Reese Chair of Banking and Monetary Economics at the Ohio State University. Before that, he was an Assistant Professor at Iowa State and Princeton Universities and had been a Professor of Economics at Boston College.

Kane is a past president of three professional associations: the American Finance Association, the International Atlantic Economic Society and the North American Economics and Finance Association. He was a founding member of the Shadow Financial Regulatory Committee and served for 12 years as a trustee of the finance committee of Teachers Insurance Annuity Association. Currently, he is a consultant for the World Bank, a senior fellow in the Federal Deposit Insurance Corporation’s Center for Financial research, and a Research Associate of the National Bureau of Economic Research. Previously, Kane consulted for numerous organizations including the IMF, various components of the Federal Reserve System, the Joint Economic Committee, the Congressional Budget office, and the Office of Technology Assessment of the U.S. Congress and several foreign central banks.


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