Faculty & Research

Francis E. Warnock

Francis E. Warnock, James C. Wheat, Jr. Professor of Business Administration

  • BA, Johns Hopkins University; PhD, University of North Carolina at Chapel Hill
Office: FOB 298D
Phone: +1-434-924-6076
Email: WarnockF@darden.virginia.edu

Biography

Francis E. Warnock, the James C. Wheat, Jr. Professor of Business Administration, is a member of the Global Economies and Markets (GEM) area. Warnock developed and delivers GEM's First Year Core Elective "Global Financial Markets", the Second Year Electives "Advanced Global Financial Markets" and “Markets and Society,” and the year-long practicum "Markets for Human Hope." 

Warnock is an expert on international capital flows, international portfolio allocation and financial sector development. Warnock'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 American Economic Review, Quarterly Journal of Economics, Review of Financial Studies, Journal of Accounting Research, Journal of International Economics, Journal of Housing Economics, and Financial Analysts Journal. 

Before coming to Darden in 2004, Warnock 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. Warnock's international experience includes, among other things, two years as a Peace Corps Volunteer in Malawi's Thyolo District. His professional career started on Wall Street, where he was a commodity trading advisor.

Warnock is Research Associate at the National Bureau of Economic Research in Cambridge, senior fellow at the Globalization and Monetary Policy Institute at the Federal Reserve Bank of Dallas, and research associate at the Institute of International Integration Studies at Trinity College Dublin. He is a serial consultant at the European Central Bank and the Bank for International Settlements Representative Office for Asia and the Pacific. In the recent past, he has been a research fellow at the Hong Kong Monetary Authority and Council for Foreign Relations; co-led a multi-team Inter-American Development Bank project on housing finance systems in Latin America; and been a consultant to the IMF and to the World Bank on its GEMLOC emerging bond markets project.  

 

Expertise

International Finance
International Portfolio Allocation
Capital Flows
Financial Sector Development

MBA Courses

FY Elective: Global Financial Markets
SY Elective: Advanced Global Financial Markets
 
SY Elective: Markets and Society
SY Practicum: Markets in Human Hope
FY Core: Global Economies and Markets

 

Executive Education Courses

Visa China Program: The History of and Key in the U.S. Financial Sector
Saudi Arabia Institute of Banking and the Bahrain Institute of Banking and Finance Program: The Global Financial Crisis, Long-term Prospects for the U.S. Dollar