Magazine article Times Higher Education

Dwight Jaffee, 1943-2016

Magazine article Times Higher Education

Dwight Jaffee, 1943-2016

Article excerpt

A prominent academic expert on banking, mortgages and insurance has died.

Dwight Jaffee was born in Chicago on 7 February 1943 and studied at Oberlin College (1960-61) before going on to a BA in economics at Northwestern University (1964).

He followed this with a PhD on "Credit Rationing and the Commercial Loan Market" at the Massachusetts Institute of Technology (1968), where he also served as an instructor in the economics department (1967-68).

He then moved to Princeton University, where he rose through the ranks from assistant professor of economics (1968-72) to associate professor (1972-75) and finally full professor (1975-91).

After more than two decades at Princeton, Professor Jaffee joined the University of California, Berkeley as professor of finance and real estate, acquiring the additional title of Willis Booth professor of banking, finance and real estate in 1998. He was also a member of the Finance Group at the Haas School of Business and co-chair of its Fisher Center for Real Estate and Urban Economics.

Shortly after joining Berkeley-Haas, Professor Jaffee also led a project with Saint Petersburg State University to create the first post-Soviet business school in Russia.

He rapidly established himself as an authority on mortgage markets, banking and risk - a field that soon became all too topical a subject - and he was called to testify before Congress in the hearings on the banking and housing crisis. …

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