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James R. Lothian

Business faculty - James Lothian

Distinguished Professor, Toppeta Family Chair in Global Financial Markets
Finance and Business Economics
Joined Fordham: 1990

General Information:
140 W. 62nd Street, Room 410,
New York, NY 10023



James R. Lothian is a distinguished professor of finance at Gabelli School of Business and holder of the Toppeta Family Chair in Global Financial Markets. He is director of Fordham's Frank J. Petrilli Center for Research in International Finance and, for two and a half decades, served as editor of the Journal of International Money and Finance.

He holds a doctorate and an MA in economics from the University of Chicago and a BAmagna cum laude from the Catholic University of America.

Dr. Lothian is a co-author of a widely acclaimed monograph on the inflation of the 1970s, The International Transmission of Inflation, and has published extensively on domestic and international economic and financial topics in scholarly journals including the American Economic Review, the Journal of Political Economy, the Journal of Money, Credit and Banking, the Journal of Monetary Economics, the Journal of International Money and Finance, Open Economies Review, the Journal of Applied Econometrics and the Journal of Financial and Quantitative Analysis, as well as in the financial press.

Dr. Lothian is a visiting professor at Tilburg University and serves on the scientific committee of the International Tor Vergata Financial Conference; as external advisor to the Centre for Banking and Finance, Smurfit School of Business, University College, Dublin; and as a member of the advisory board of the Centre for Empirical Finance, Brunel University, London. He is a member of the editorial boards of Research in Banking and Finance, the Journal of Financial Stability, and the International Finance Review and the Journal of International Money and Finance.

Dr. Lothian's past positions include vice president in charge of financial research for Citibank, N.A., and visiting professor of economics, Leonard Stern School of Business, New York University. He has been a research associate of the National Bureau of Economic Research and a visiting scholar at the Federal Reserve Bank of Atlanta, the International Monetary Fund and the Maastricht University.

He is married to the former Judith A. McLaughlin, with whom he has five children and nine grandchildren.


  • PhD: University of Chicago
  • Master's: MA,University of Chicago
  • Bachelor's: BA, magna cum laude, Catholic University

Research Interests

  • Money and Banking
  • International Finance
  • Financial and Monetary History


  • "Overview of the special issue on 'Policy Implications of and Lessons from the Global Financial Crisis'," (with Joshua Aizenman and Robert Dekle) Journal of International Money and Finance, 2013, forthcoming.
  • "Capitalism" New Catholic Encyclopedia, Supplement, forthcoming.
  • "A Primer on Exchange Rates," (with Mark P. Taylor), in H. Kent Baker and Leigh A. Riddick (eds.) Survey of International Finance, Oxford University Press, 2012 forthcoming.
  • "Was the Gold Standard Really Destabilizing?" (with Gabriel Fagan and Paul D. McNelis), Journal of Applied Econometrics, 2012 forthcoming.
  • "International and historical dimensions of the financial crisis of 2007 and 2008, (with Gerald P. Dwyer, Jr.), Journal of International Money and Finance, February 2012.
  • "Why Money Matters: A Fourth Natural Experiment," Open Economies Review, April 2011.
  • "Uncovered Interest Rate Parity over the Past Two Centuries" (with Liuren Wu),Journal of International Money and Finance, April 2011.
  • "The Emerging Global Financial Architecture: What's New and What's Old?" (with Joshua Aizenman and Reuven Glick), Journal of International Money and Finance, June 2010.
  • "The Signaling Hypothesis Revisited: Evidence from Foreign IPOs" (with Bill Francis, Iftekhar Hasan and Xian Sun), Journal of Financial and Quantitative Analysis, February 2010.
  • "U.S. Monetary Policy and the Financial Crisis," Journal of Economic Asymmetries, December 2009.
  • "Milton Friedman's Monetary Economics and the Quantity-Theory Tradition," Journal of International Money and Finance, November 2009.
  • "The Behavior of Money and Other Economic Variables: Two Natural Experiments" (with Cornelia McCarthy), " Journal of International Money and Finance, November 2009.
  • "Real Exchange Rates over the Last Two Centuries: How Important Is the Harrod-Balassa-Samuelson Effect?" (with Mark P. Taylor), Economic Journal, October 2008.
  • "Institutions, Capital Flows and Financial Integration," Journal of International Money and Finance, April 2006.
  • "The Economics of International Money." (with Gerald P. Dwyer). In Research in Banking and Finance," Monetary Integration, Markets, and Regulation " vol. 4, Amsterdam: Elsevier, 2004.
  • "Has International Financial Integration Increased," (with Lawrence Goldberg and John Okunev), Open Economies Review, July 2003.
  • Exchange Rates," in Joel Mokyr, ed., Oxford Encyclopedia of Economic History. Oxford: Oxford University Press, 2003.
  • "The Internationalization of Money and Finance and the Globalization of Financial Markets," Journal of International Money and Finance, November 2002.
  • "Exchange Rates," Oxford Encyclopedia of Economic History, 2002.