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George M. von Furstenberg was born in the western part of Germany in middle of World War II. In 1961 he arrived as a 19-year old immigrant alone in New York to make it the hard way --study, work, and no play -- first at Columbia University’s School of General Studies and then at Princeton University from which he received a Ph.D. in economics in 1967. He had become a U.S. citizen already one year earlier. Since then, several years of work at the International Monetary Fund (Division Chief, 1978-1983) and at various U.S. government agencies including the U.S. President’s Council of Economic Advisers (Senior Staff Economist, 1973-76), the Department of State (1989-1990), and the National Science Foundation (NSF, Program Director - Economics, 2006-08) have alternated with his academic pursuits. In 2000 he was president of the North American Economics and Finance Association, whom he previously had served as president-elect and program chair. He has had Fulbright and other research and teaching fellowships to both Poland and Canada and has been featured in successive editions of Who’s Who in America starting with the 44th edition (1986), in the 1999 edition of Who's Who in Economics, and in Who's Who in the World starting with the 23rd edition (2006).

A prolific writer and frequent editor, his interests are policy-oriented, broad, and international, with a core in open-economy macroeconomics and international finance. At Indiana University, he became a full professor in 1973, a titled (J.H. Rudy) professor in 1983, and emeritus in 2006. In 2000-2003 he was the inaugural Robert Bendheim Chair in Economic and Financial Policy at Fordham University's Graduate School of Business Administration, Lincoln Center. He remains deeply committed to his former students and their professional success. Currently active research topics include the Economics of International Financial Services Locations, and Performance Evaluation under International Environmental Agreements. His latest book (with Michael K. Ulan) is Learning from the World’s Best Central Bankers (Kluwer 1998). A co-edited manuscript on Monetary Unions and Hard Pegs: Effects on Trade, Financial Development, and Stability was published in 2004 (Oxford University Press).

   Contact Information
       Office:     Department of Economics, Wylie Hall, Indiana University, Bloomington, IN 47405
       (Fedex etc. ONLY: add 100 Woodlawn Ave., phone 812-855-1021 front office delivery)
       Phone:     Office-IU (812) 856-1382; Home (812) 331-2993
       E-mail:    Office-IU: vonfurst@indiana.edu
                        Personal:   vonfurst@aol.com
       Web Pg.: IU: http://mypage.iu.edu/~vonfurst/ Fax: Office-IU (812) 855-3736

SSRN: http://ssrn.com/author=039263

REPEC: http://authors.repec.org/pro/pvo37

Current Research: International Financial Services and International Environmental Agreements

Vita

Course Syllabi and Course Notes

Student Communications

Recently Published or Forthcoming Articles: See also SSRN AND REPEC

Recent Working Papers

Latest Book

University Communications

Committee Communications

Miscellany

Forthcoming Conference

Where I Can Be Reached if not at my Regular Address

Appendices and Data Support for Published Articles and Manuscripts

1. "Dependence in External Finance: An Inherent Industry Characteristic?" Appendices 1, 2, and 3

2. Data-for-Dependence on External Finance (DEF) Studies-2004-2007

3. More of DEF

4. Last of DEF

5. Bolsa versus NYSE Appendices

Student Communications

Recently Published or Forthcoming Articles: See also SSRN and REPEC (URL above)

1. "A Case Against U.S. Dollarization,"
Challenge, the Magazine of Economic Affairs, July/August 2000, pp. 108-121.

        2.    " Transparentizing the Global Money Business: Glasnost or another Wild Card in Play?"
                Chapter 6 in Karl Kaiser, John J. Kirton, and Joseph P. Daniels, eds.,
                Shaping a New Financial System: Challenges of Global Governance in the World,
                Ashgate, Aldershot, UK, 2000.

3. "Can Small Countries Keep Their Own Money and Exchange Rates?"
Chapter 11 in supra. 1.

4. "US-Dollarization in Latin America: A Second-Best Form of Regional Currency

Consolidation," Currency Risk pp. 45-54 in John J. Kirton, Joseph P. Daniels,

and Andreas Freytag, eds. Guiding Global Governance: G8 Governance in the

Twenty-First Century, Aldershot (UK): Ashgate, 2001.

5. "The U.S.-Dollarization Approach to Regional Currency Consolidation:
Second-Best in the Short Run, Doomed in the Long Run," with Volbert Alexander,

Problemas del Desarrollo, Oct.-Dec. 1999, 30(119), pp. 105-117.

6. "International Yield Differentials Do Not Equal Risk Premiums," Greek Economic Review,

21(1), Spring 2001, pp. 1-17.

7. "Specifying the Aggregate Supply Side of Large and Small-Open Nominal Contracts

Economies," gvfdpt pp. 73-92 in B. Batavia, N. Lash, and A. Malliaris, eds., Asymmetries

in Financial Globalization, Toronto: APF Press, 2002.

8. "One Region One Money: Implications of Regional Currency Consolidation for Financial Services,"

Geneva Papers on Risk and Insurance, 27(1), January 2002, pp. 5-28. annals03g

9. "Weighing Accession to an Existing Monetary Union: Should Small Countries Join?"

(Tables, Figure 1 not included) with David P. Teolis, Journal of Economic Integration,

17(1), March 2002, pp. 104-132.

10. "The Chinese Crux of Monetary Union in East Asia," with Jianjun Wei, weigvf02 in Michele

Fratianni, Paolo Savonna, and John J. Kirton, eds., Sustaining Global Growth and

Development: G7 and IMF Governance, Aldershot (UK): Ashgate, 2003, pp. 191-204.

See also: "Overcoming Chinese Monetary Division and External Anchoring in East Asia,"

Asian Economic Papers, Vol. 3, No. 1, Winter 2004, pp. 27-54, weigvf03 .

11. " Price Insurance Aspects of Monetary Union," Journal of Common Market Studies,

Vol. 41, No. 3, June 2003, pp. 519-539. jcmsgvf21

12. "Bolsa or NYSE: Price Discovery for Mexican Shares," with Carlos B. Tabora, Journal of

International Financial Markets, Institutions & Money, 14(4), October 2004, pp. 295-311.

tabgvf05 . LONG VERSION, INCLUDING APPENDICES: TabGvF03 .

13. "The Contribution of Rapid Financial Development to Asymmetric Growth of Manufacturing Industries:

Common Claims versus Evidence from Poland," The Journal of Economic Asymmetries, Vol. 1(2),

December 2004, pp. 87-120, bund20newDBJEA .

14. "Detecting and Decomposing the "Faith Factor" in Social Service Provision and Absorption,"

faithprevaluGvF05-24-05 .

15. "Mexico in NAFTA: Welfare Benefit Dissipation Due to Lack of a Common Currency,"

bund18MUNETBMAY05 .

16. "African Finance and Lack of Development," G8Afri-05-20-05 .

Recent Working Papers

1. Mexico in NAFTA: Welfare Benefit Dissipation Due to Lack of a Common Currency

2. African Finance and Lack of Development

Other Working Papers:

3. Dependence on External Financing: An Inherent Industry-Sector Characteristic?

4. Consumption Smoothing Across Contingent States and Time: International Insurance

vs. Foreign Loans.

Latest Books

1. Learning from the World's Best Central Bankers: Principles and Policies for Subduing Inflation

by George M. von Furstenberg and Michael K. Ulan. Dordrecht NL: Kluwer Academic Publishers, 1998.

With Foreword by Burton G. Malkiel.

Hardbound: ISBN 0-7923-8303-6, US$110; Paperback: ISBN 0-7923-8304-4, US$50, pp. 248, xxiii

(price also in NLG and GBP). oderdept@wkap.nl . See Coverfront, Coverback.

2. Monetary Unions and Hard Pegs: Effects on Trade, Financial Development, and Stability,

V. Alexander, J. Mélitz, and G. M. von Furstenberg, eds., Oxford University Press, 2004.

With Foreword by Robert A. Mundell.

Hardbound: ISBN 0-19-927140-2, pp. 374, xxiii.

University Communications

Committee Communications

Miscellany

Forthcoming Conference