Two Indian-Americans Among 13 Named Professorships at U Chicago

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Two Indian-Americans are among 13 University of Chicago faculty members who have received named professorships or were appointed distinguished service professors.

Anil Kashyap of the University of Chicago Booth School of Business, received a distinguished service professorship and Haresh Sapra received a named professorship, according to a July 2 press release from the University.

Kashyap, whose research focuses on financial intermediation and regulation, the Japanese economy, price setting, and monetary policy, has been named the Stevens Distinguished Service Professor.

His research has won him numerous awards, including a Sloan Research Fellowship, the Nikkei Prize for Excellent Books in Economic Sciences, and a Senior Houblon-Norman Fellowship from the Bank of England (twice).

As of October 2016 he is an external member of the Bank of England’s Financial Policy Committee. In 2017, the Japanese government awarded him the Order of the Rising Sun.

Kashyap was an economist for the Board of Governors for the U.S. Federal Reserve system for three years before joining the Chicago Booth faculty in 1991. He is a consultant for the Federal Reserve Bank of Chicago and as a research associate for the National Bureau of Economic Research.

He also serves on the board of directors of the Bank of Italy’s Einaudi Institute of Economics and Finance, is a member of the Squam Lake Group and serves on the International Monetary Fund’s Advisory Group on the development of a macro-prudential policy framework.

Kashyap is a member of both the American Economic Association and American Finance Association, and is on the faculty oversight Board of the Chicago Booth’s Initiative on Global Markets and a co-founder of the U.S. Monetary Policy Forum.

Sapra, who studies the real effects of accounting measurement policies, disclosure regulation and corporate governance, has been named the Charles T. Horngren Professor.

His current research deals with issues of disclosure, transparency and financial reporting for financial institutions, the press release said.

At the Booth School since 2000, Sapra has received numerous teaching awards, including being named one of the top-ranked professors in BusinessWeek’s Guide to the Top Business Schools.

Sapra won the Ernest R. Wish Accounting Research Award in 2005, for his paper “Do Mandatory Hedge Disclosures Discourage or Encourage Excessive Speculation?”

Among the journals that have carried his writings are The Accounting Review, Journal of Accounting Research, Journal of Accounting and Economics, and Games and Economic Behavior.

Sapra co-edits the Journal of Accounting Research and is the academic coordinator of the Executive MBA program at Chicago Booth.