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Darla Moore School of Business


Allen N. Berger

Title: Carolina Distinguished Professor
H. Montague Osteen, Jr., Professor of Banking and Finance
Department: Department of Finance
Darla Moore School of Business
Phone: 803-576-8440
Office: Darla Moore School of Business, Room 457G
Resources: Curriculum Vitae [pdf]


Allen N. Berger is the H. Montague Osteen, Jr., Professor in Banking and Finance and Ph.D. coordinator for the Department of Finance at the Darla Moore School of Business; a Carolina Distinguished Professor for the University of South Carolina; a senior fellow for the Wharton Financial Institutions Center; and a fellow for the European Banking Center. He also currently serves on the editorial boards of seven professional finance and economics journals. Berger was editor of the Journal of Money, Credit, and Banking from 1994-2001 and has co-edited six special issues of various professional journals and is currently working on another that will be published in 2019. He also co-edited the first and second editions of the Oxford Handbook of Banking and will be co-editing the third edition, due out in 2020.

His research covers a variety of topics related to financial institutions. He is co-author of Bank Liquidity Creation and Financial Crises (2016, Elsevier) and will be co-author of TARP and other Bank Bailouts and Bail-Ins around the World: Connecting Wall Street, Main Street, and the Financial System (2019, Elsevier). He has published mroe than 100 professional articles in refereed journals, including papers in top finance journals, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Review of Finance, and Journal of Financial Intermediation; top economics journals, Journal of Political Economy, American Economic Review, Review of Economics and Statistics, and Journal of Monetary Economics; other top professional business journals, Management Science and Journal of Business; and more than 30 other non-refereed publications. His research has been cited more than 65,000 times according to Google Scholar, and he has given invited research addresses on five continents. Berger was named Professor of the Year for 2015-2016 by the Darla Moore School of Business Doctoral Students Association. He was also secretary/treasurer for the Financial Intermediation Research Society from 2008-2016 and senior economist from 1989 to 2008 and economist from 1982-1989 at the Board of Governors of the Federal Reserve System. He received a Ph.D. in economics from the University of California, Berkeley, in 1983 and a B.A. in economics from Northwestern University in 1976.

Liquidity creation data for virtually all banks in the US from 1984:Q1 - 2016:Q4 are currently available for research purposes at: The data include well over 1 million bank-quarter observations.

Working Papers


His research covers a variety of topics related to financial institutions.


  • Ph.D., University of California, Berkeley, 1983
  • M.A., University of California, Berkeley, 1979
  • B.A., Northwestern University, 1976