Francis E. Warnock

Francis E. Warnock is a member of the Global Economies and Markets (GEM) area. In addition to teaching in the Core FY GEM course and GEM’s FY Core Elective (Global Financial Markets), Frank teaches the research seminar on Markets for Human Hope and leads the one-week GBE course in South Africa.

Frank is an expert on international capital flows, international portfolio allocation, and financial sector development. Frank's work has been featured in Financial Times, The Economist, Barron's, The Wall Street Journal, and The New York Times and his publications have appeared in a number of journals including the Quarterly Journal of Economics, Review of Financial Studies, Journal of Accounting Research, Journal of International Economics, and Journal of Housing Economics. Before coming to Darden in 2004, Frank developed his expertise in international capital flows as a Senior Economist in the International Finance Division at the Board of Governors of the Federal Reserve System while also teaching at Georgetown University. Frank's international experience includes, among other things, two years as a Peace Corps Volunteer in Malawi's Thyolo District. Frank's professional career started on Wall Street, where he was a Commodity Trading Advisor (CTA).

Frank is Faculty Research Fellow at the National Bureau of Economic Research (NBER) in Cambridge, Senior Fellow at the Globalization and Monetary Policy Institute at the Federal Reserve Bank of Dallas, Research Associate at the Institute of International Integration Studies (IIIS) at Trinity College Dublin, a consultant on the World Bank’s GEMLOC emerging bond markets project, and co-leads a multi-team Inter-American Development Bank project on housing finance systems in Latin America.  He was recently a consultant to the IMF, a consultant to the International Policy Analysis and Emerging Economies division of the European Central Bank (ECB), and a Research Fellow at the Hong Kong Monetary Authority.