Joseph R. Mason

Dr. Mason is an Associate Professor of Finance at Drexel University’s LeBow College of Business, and a Senior Fellow at the Wharton School. Prior to joining Drexel University, Dr. Mason was a financial economist with the Office of the Comptroller of the Currency and Adjunct Assistant Professor of Finance at Georgetown University School of Business. Dr. Mason's current research projects include investigating the micro and macroeconomic effects of bankruptcy and liquidation procedures; the incidence and cost of systemic risk; and the management of idiosyncratic risks posed by new forms of bank lending, asset-backed securities, collateralized debt obligations (CDOs) and securitization. Dr. Mason's research spans the fields of corporate finance, financial intermediation, financial history, and monetary economics, focusing on issues related to both theory and public policy.

Dr. Mason has consulted and advised many government agencies, research institutions, and corporations, including The Conference Board, Inc., Coventry First, Deloitte, Fannie Mae, the Federal Deposit Insurance Corporation, the Federal Reserve Bank of Philadelphia, FirstPlus Financial (in conjunction with Bear Stearns, Merrill Lynch, and Deutsche Bank), The Group of Thirty, Pricewaterhouse-Coopers, Wachovia, The World Bank Group, and XE Capital Management LLC. In litigation, Dr. Mason has acted as testifying or non-testifying expert for firms such as Allstate Insurance, AMBASE Corporation/Carteret Federal Savings Bank, Ameriquest Mortgage, Equities First Holding, LLC, Fannie Mae, GMAC Commercial Mortgage, Superior Federal Savings Bank, World Financial Network National Bank. In regulatory matters, Dr. Mason has testified before the Senate Judiciary Committee, the House of Representatives Financial Services Committee, and the Federal Reserve Board and advised the Government Accountability Office (GAO), Federal Deposit Insurance Corporation (FDIC), Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Richmond, and Public Company Accounting Oversight Board (PCAOB) on structured finance.

Dr. Mason's consulting has involved issues ranging from mortgage, home equity loan, home equity line of credit, auto, and credit card servicing, and securitization, to discrimination and disparate impact in consumer lending and insurance pricing, valuing distressed securities, the investor recoveries and efficient liquidations of bankrupt firms, and economic valuations of complex investment and lending arrangements involving asset-backed securities, collateralized debt obligations, and hedge funds.

Dr. Mason's research is regularly cited in national and international press publications such as the Wall Street Journal, New York Times, Washington Times, the Economist, Financial Times, LA Times, San Francisco Chronicle, Toronto Globe & Mail, Barrons, Business Week, die Zeit, Neue Zürcher Zeitung am Sonntag, Financial Times-Germany, MIST News, Business Week, Forbes, Fortune, Portfolio Magazine, Bloomberg Magazine, Credit Magazine, American Banker, BNA’s Banking News, Investment Dealers’ Digest, Inman News, Grant’s Interest Rate Observer, Realty Times, and the Philadelphia Business Review, and syndicated on Associated Press, Reuters, Bloomberg, KnightRidder Syndicate, MarketWatch- Dow Jones Newswire, and NBC Nightly News. Dr. Mason is a regular guest on CNBC and Bloomberg Television, and has made numerous live and taped appearances CNBC Asia, Comcast CN8 News, NPR, Bloomberg Radio, and NBC Radio. Dr. Mason has a weekly Economic Commentary on KYW NewsRadio, Philadelphia.

Dr. Mason has published academic articles in the American Economic Review; Journal of Business; Journal of Money, Credit, and Banking; Journal of Banking and Finance; Pacific-Basin Finance Journal; Journal of Financial Services Research; Research in Banking and Finance; and Explorations in Economic History, and book chapters in Resolution of Financial Distress (World Bank Group, Stijn Claessens, et al., eds.); Privatization, Corporate Governance and Transition Economies in East Asia (NBER, Takatoshi Ito and Anne Krueger, eds.); and Too-Big-To Fail: Policies and Practices in Government Bailouts (Greenwood Publishing, Benton E. Gup ed.).

Dr. Mason is the recipient of research grants or awards from the National Science Foundation, the Federal Reserve Bank of St. Louis, Drexel University, and the University of Illinois. He serves or has served as advisor and consultant to many agencies and firms, including the Federal Deposit Insurance Corporation, the Federal Reserve Bank of Philadelphia, The Conference Board, the G-30, the World Bank Group, and numerous private firms.

Professor Mason teaches in the areas of corporate finance, financial markets and institutions, and risk management and derivatives. He teaches the writing intensive course in Money and Banking and is a founding member of Drexel’s Writing Intensive Curriculum Implementation Group.

Professor Mason is a member of the American Finance Association, the Financial Management Association, the Cliometrics Society, the Economic History Association, Beta Gamma Sigma, and Omicron Delta Epsilon. Curriculum Vita.

Date published: Apr 20, 2009


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