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 Staff Biography - James Barth

Barth
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James R. Barth
Senior Finance Fellow
Ph.D., Economics, Ohio State University

Email: jbarth@milkeninstitute.org

James R. Barth is the Lowder Eminent Scholar in Finance at Auburn University and a Senior Finance Fellow at the Milken Institute. His research has focused on financial institutions and capital markets, both domestic and global, with special emphasis on regulatory issues. Most recently, he served as leader of an international team advising the People's Bank of China on banking reform.

Barth was an appointee of Presidents Ronald Reagan and George H.W. Bush as chief economist of the Office of Thrift Supervision until November 1989 and has previously served as the chief economist of the Federal Home Loan Bank Board. He has also held the positions of professor of economics at George Washington University, associate director of the economics program at the National Science Foundation and Shaw Foundation Professor of Banking and Finance at Nanyang Technological University. He has been a visiting scholar at the U.S. Congressional Budget Office, Federal Reserve Bank of Atlanta, Office of the Comptroller of the Currency and the World Bank. He is a member of the Advisory Council of George Washington University's Financial Services Research Program.

Barth's expertise in financial institution and capital market issues has led him to testify before the U.S. House and Senate banking committees on several occasions. He has authored more than 200 articles in professional journals and has written and edited several books, including The Rise and Fall of the U.S. Mortgage and Credit Markets: A Comprehensive Analysis of the Meltdown, China's Emerging Markets: Challenges and Opportunities, The Great Savings and Loan Debacle and The Reform of Federal Deposit Insurance. Other recent books are Rethinking Bank Regulation: Till Angels Govern, with Jerry Caprio and Ross Levine, and Financial Restructuring and Reform in Post-WTO China, with Zhongfei Zhou, Douglas Arner, Berry Hsu and Wei Wang. Barth is the overseas associate editor of The Chinese Banker and has been quoted in publications ranging from The New York Times and The Wall Street Journal to Time and Newsweek. In addition, he has appeared on such broadcast programs as "The McNeil/Lehrer Newshour," "Good Morning America," "Moneyline" and National Public Radio.

Barth serves on the editorial boards of the Journal of Financial Services Research, Review of Pacific Basin Financial Markets and Policies, Journal of Economics and Finance and Financial Services Review. He is also included in Who's Who in Economics: A Biographical Dictionary of Major Economists, 1700 to 1995.

Barth received a Ph.D. in economics from Ohio State University.

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 Publications

2009

China's Emerging Financial Markets: Challenges and Opportunities
Date: October 2009
James R. Barth, John A. Tatom, and Glenn Yago, Editors

The Rise and Fall of the U.S. Mortgage and Credit Markets: A Comprehensive Analysis of the Meltdown
Date: May 2009
James R. Barth, Tong Li, Wenling Lu, Triphon Phumiwasana and Glenn Yago

Capital Access Index 2008: Best Markets for Business Access to Capital
Date: April 28, 2009
Apanard Angkinand, James R. Barth, Tong Li, Wenling Lu and Glenn Yago
Milken Institute

The Rise and Fall of the U.S. Mortgage and Credit Markets: A Comprehensive Analysis of the Meltdown
Date: January 16, 2009
James R. Barth, Tong Li, Wenling Lu, Triphon Phumiwasana and Glenn Yago

MIR 1st Qtr 2009
Date: January 2009



2008

Deleveraging Can Save Jobs
Date: December 18, 2008
James Barth, Michael Klowden and Glenn Yago
The Wall Street Journal

Capital Access Index 2007: Best Markets for Business Access to Capital
Date: February 2008
James R. Barth, Tong Li, Wenling Lu, Triphon Phumiwasana and Glenn Yago
Milken Institute

MIR 1st Qtr 2008
Date: January 2008



2007

In Defense of Hybrids
Date: December 6, 2007
James R. Barth and Peter Passell
The Wall Street Journal

Surprise: Subprime Mortgage Products Are Not the Problem!
Date: December 6, 2007
James R. Barth, Tong Li, Triphon Phumiwasana and Glenn Yago
Milken Institute

Mortgage Market Turmoil: The Role of Interest-Rate Resets
Date: December 2007
James R. Barth, Tong Li, Triphon Phumiwasana, and Glenn Yago
Milken Institute

Entrepreneurship in Emerging Domestic Markets: Barriers and Innovation
Date: November 2007
Glenn Yago, James R. Barth, and Betsy Zeidman, eds.
Springer

Time to Change U.S. Climate Policy
Date: October 2007
Robert W. Hahn and Peter Passell
The Economists' Voice

MIR 3rd Qtr 2007
Date: July 2007

Inverted Yield Curves and Financial Institutions: Is the United States Headed for a Repeat of the 1980s Crisis?
Date: March 2007
James Barth, Tong Li, Triphon Phumiwasana and Glenn Yago

MIR 1st Qtr 2007
Date: January 2007

Financial Restructuring and Reform in Post-WTO China
Date: 2007
Eds., James R. Barth, Zhongfei Zhou, Douglas W. Arner, Berry F.C. Hsu, Wei Wang
Kluwer Law International



2006

Capital Access Index 2006: Best Markets for Business Finance
Date: December 2006
James R. Barth, Tong Li, Triphon Phumiwasana, and Glenn Yago

Hedge Funds: Risks and Returns in Global Capital Markets
Date: December 2006
James R. Barth, Tong Li, Triphon Phumiwasana and Glenn Yago

MIR 4th Qtr 2006
Date: December 2006

MIR 2nd Qtr 2006
Date: June 2006

Barriers to Entrepreneurship in Emerging Domestic Markets: Analysis and Recommendations
Date: April 2006
James R. Barth, Glenn Yago and Betsy Zeidman

Home Bias in Global Capital Markets: What Is the Potential Demand for U.S. Asset-Backed Securities?
Date: March 2006
Glenn Yago, James Barth,Tong Li, Sangeetha Malaiyandi and Triphon Phumiwasana

MIR 1st Qtr 2006
Date: March 2006

Rethinking Bank Regulation: Till Angels Govern
Date: January 2006
James R. Barth, Gerard Caprio Jr. and Ross Levine
Cambridge University Press

The Economic Impacts of Global Terrorism: From Munich to Bali (working paper)
Date: January 2006
James R. Barth, Tong Li, Don McCarthy, Triphon Phumiwasana and Glenn Yago



2005

MIR 4th Qtr 2005
Date: December 2005

Capital Access Index 2005: Best Markets for Entrepreneurial Finance

Securitization in Financing Economic Activities

Date: October 2005
James R. Barth, Tong Li, Sangeetha Malaiyandi, Donald McCarthy, Triphon Phumiwasana and Glenn Yago

2004

MIR 2nd Qtr 2004
Date: June 2004

The Savings and Loan Crisis: Lessons From a Regulatory Failure
Date: May 2004
Glenn Yago and James Barth, eds.
Kluwer Academic Publishers

Capital Access Index 2004: Emerging Growth in Asian Bond Markets
Date: April 2004
James Barth, Cindy Lee, Don McCarthy, Triphon Phumiwasana, Sunny Zhitao Sui and Glenn Yago



2003

Global Capital Access Index 2003 - Governance and Growth: The European Challenge
Date: April 2003
James Barth, Donald McCarthy, Triphon Phumiwasana, Susanne Trimbath and Glenn Yago

Before the Enron Collapse: What Corporate CFOs around the World Said About the Status of Accounting and Disclosure Practices
Date: 2003
James R. Barth, Susanne Trimbath and Glenn Yago
Milken Institute, Working Paper 2003-01

2002

The Foreign Conquest of Latin American Banking: What's Happening and Why?
Date: November 2002
James Barth, Triphon Phumiwasana and Glenn Yago

MIR 3rd Qtr 2002
Date: September 2002

Capital Access Index 2002: Missing Markets: Global Barriers to Financing the Future
Date: March 2002
James Barth, Don McCarthy, Triphon Phumiwasana, Susanne Trimbath and Glenn Yago



2001

Choosing the Right Financial System for Growth
Date: 2001
James Barth, Daniel Nolle, Hilton Root and Glenn Yago
Journal of Applied Corporate Finance



2000

Restructuring Regulation and Financial Institutions
Date: September 2000
James R. Barth, R. Dan Brumbaugh, Jr., Glenn Yago, eds.
Kluwer Academic Publishers

Banking Systems Around the Globe: Do Regulation and Ownership Affect Performance and Stability?
Date: July 24, 2000
James R. Barth, Gerard Caprio, Jr. and Ross Levine

Choosing the Right Financial System for Growth
Date: February 28, 2000
James R. Barth, Daniel E. Nolle, Hilton L. Root and Glenn Yago



1999

MIR 4th Qtr 1999
Date: December 1999

The S&L crisis, 10 years later: Government errors caused the problems and they still do
Date: September 20, 1999
James R. Barth
Financial Post

Capital Access Index 1999: Deconstructing Global Financial Architecture: Global Capital Access and Policy Backlash
Date: May 1999
Glenn Yago, Lalita Ramesh, Dan Brumbaugh and James Barth

Financial Regulation and Performance
Date: March 1999
James R. Barth, Gerard Caprio, Jr., and Ross Levine

MIR 1st Qtr 1999
Date: March 1999



1998

The Role of Governments and Markets in International Banking Crises: The Case of East Asia
Date: 1998
James Barth, R. Dan Brumbaugh, Jr., Lalita Ramesh, and Glenn Yago





 Selected Non-Milken Institute Writings:

2004
"Comparative International Characteristics of Banking"
James R. Barth, Gerard Caprio, Jr. and Daniel E. Nolle
2004
Office of the Comptroller of the Currency, Economics and Policy Analysis Working Paper

"Global Trends in Bank Regulatory and Supervisory Environment"
James R. Barth, Jie Gan and Daniel E. Nolle, in Duk-Hoon Lee and Gill-Chin Lim, editors
2004
Reforms and Innovations in Bank Management Seoul, Korea: NANAM Publishing House and Woori Bank

2003
"A Cross-Country Analysis of the Bank Supervisory Framework and Bank Performance"
Glenn Yago with James Barth, Daniel E. Nolle, and Triphon Phumiwasana
2003
Financial Markets, Institutions & Instruments

"An International Comparison and Assessment of the Structure of Bank Supervision"
James R. Barth, Luis G. Dopico, Daniel E. Nolle, and James A. Wilcox
2003
Financial Regulation: A Guide to Structural Reform Jan-Juy Lin and Douglas Arner, editors, Hong Kong: Sweet & Maxwell

"Before the Enron Collapse: What Corporate CFOs around the World Said About the Status of Accounting and Disclosure Practices"
Glenn Yago with James Barth and Susanne Trimbath
2003
Review of Pacific Basin Financial Markets and Policies

2001
"Choosing Regulations that Work"
James R. Barth, Gerald Caprio, Jr. and Ross Levine
December 1, 2001
The Financial Regulator

Bank Regulation and Supervision: What Works Best?
James R. Barth, Gerard Caprio, Jr., Ross Levine
November 2001
World Bank

"Banking Systems Around the Globe: Do Regulation and Ownership Affect Performance and Stability?"
James R. Barth, Gerard Caprio, Jr. and Ross Levine
2001
Prudential Supervision: What Works and What Doesn't, Frederic S. Mishkin, editor, Chicago: University of Chicago Press

"The Regulation and Supervision of Banks Around the World: A New Database"
James R. Barth, Gerard Caprio, Jr. and Ross Levine
2001
Brookings-Wharton Papers on Financial Services, Washington, D.C.: Brookings Institution Press

1999
"The S&L Crisis, 10 Years Later: Government Errors Caused the Problems and They Still Do"
James R. Barth
September 20, 1999
Financial Post

1998
"The East Asian Banking Crisis: Governments vs. Markets"
Glenn Yago, James R. Barth, R. Dan Brumbaugh, Jr. and Lalita Ramesh
1998
Jobs & Capital 7 , no. 3/4

1992
Research in International Business and Finance: Emerging Challenges for the International Financial Services Industry
James R. Barth with Philip F. Bartholomew
1992
JAI Press

The Future of American Banking
James R. Barth with R. Dan Brumbaugh and Robert E. Litan
1992
M.E. Sharpe

The Reform of Federal Deposit Insurance: Disciplining the Government and Protecting Taxpayers
James R. Barth with R. Dan Brumbaugh
1992
Harper Business

1991
The Great Savings and Loan Debacle
James R. Barth
1991
Washington, DC: American Enterprise Institute Press