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University of Wyoming
Sherrill L. Shaffer

Sherrill L. Shaffer
Guthrie Distinguished Professor of Banking and Financial Services
Banking Financial Markets Regulation

Ph.D., Stanford University
B.A., Rice University
shaffer@uwyo.edu • (307) 766-2173 • Ross Hall 229
Best Mode of Communication: Both e-mail and voicemail

 

Office Hours: TR 11:00 - 12:30

 

Teaching:
Banking Financial Markets Financial Economics

 

Publications:

REFEREED JOURNAL ARTICLES

Shaffer, Sherrill and Jason Shogren (2008) "Infinitely repeated contests:  How strategic interaction affects the efficiency of governance."  Regulation & Governance, 2: 234-252.

Reddy, Britney and Sherrill Shaffer. (2007) "Effects of the Federal Reserve's Primary Credit Program." International Journal of Applied Economics, 4(2), March 2007, 14-27.

Shaffer, Sherrill and Lorein Thomas. (2007) "A Reassessment of Market Power Among Credit Card Banks." Applied Financial Economics, 17, 2007, 755-767.

Gariety, Bonnie Sue and Sherrill Shaffer. (2007) "Wage Differentials Associated with Working at Home." Monthly Labor Review, March 2007, 61-67

Shaffer, Sherrill. Forthcoming. "Value-Neutral Tradeoffs Between Failure Risk and Growth." Applied Financial Economics Letters.

Shaffer, Sherrill and Robert Kremer. Forthcoming. "Improving the Accuracy of Forward Exchange Rate Forecasts by Correcting for Prior Bias." Applied Financial Economics. 

Shaffer, Sherrill. (2006). "Industrial Structure and Economic Stability." Applied Economics Letters, 2007, 1-7.

Shaffer, Sherrill (2006) "Establishment Size and Local Employment Growth." Small Business Economics, 26 (5): 439-454.

Shaffer, Sherrill (2006) "War, Labor Tournaments, and Contest Payoffs." Economics Letters 92: 250-255. 

Sackett, Matthew and Sherrill Shaffer (2006) "Substitutes versus Complements among Credit Risk Management Tools." Applied Financial Economics, 16: 1007-1017. (Lead Article)

Shaffer, Sherrill (2006) "Contests with Interdependent Preferences."  Applied Economics Letters, 13: 877-880.

Shaffer, Sherrill (2006) "Establishment Size by Sector and County-Level Economic Growth." Small Business Economics, 26(2): 145-154.

Kremer, Robert and Sherrill Shaffer. (2006) "Improving the Accuracy of Forward Exchange Rate Forecasts by Correcting for Prior Bias." Applied Financial Economics, 17 (18), 2007, 1469-1478.  

Shaffer, Sherrill (2006) "Corporate Failure and Equity Valuation." Financial Analysts Journal, 62(1): 71-80.

Forster, Jeremy and Sherrill Shaffer (2005) "Bank Efficiency in Latin America." Applied Economics Letters, 12(9): 529-532.

Shaffer, Sherrill. Forthcoming. "Aggregate Concentration and the Cost of Systemic Risk." Applied Economics Letters.

Shaffer, Sherrill (2004) "Patterns of Competition in Banking. " Journal of Economics and Business, 56(4): 287-313.

Shaffer, Sherrill (2004) "Licensing Requirements as a Coordination Mechanism for Entry." Review of Industrial Organization, 24(3): 285-299.

Fan, Linbo and Sherrill Shaffer (2004) "Efficiency Versus Risk in Large Domestic U.S. Banks." Managerial Finance, 30(9): 1-19 (Lead article).

Shaffer, Sherrill (2004) "Comment on ' What Drives Bank Competition? Some International Evidence.'" Journal of Money, Credit, and Banking, 36(3), Part 2, 585-592.

Finnoff, David, C. Cramer and S. Shaffer (2004) "The Financial and Operational Impacts of FERC Order 636 on the Interstate Natural Gas Pipeline Industry." Journal of Regulatory Economics, 25(3): 243-270.

Collender, Robert and Sherrill Shaffer (2003) "Local Bank Office Ownership, Deposit Control, Market Structure, and Economic Growth." Journal of Banking and Finance, 27(1): 27-57.

Shaffer, Sherrill (2003) "Using Prior Bias to Improve Forecast Accuracy." Applied Economics Letters, 8(20): 459-461.

Shaffer, Sherrill and Soumya Srinivasan (2002) "Structure-Pricing Linkages Among Single-Market Banks, Controlling for Credit Quality." Applied Economics Letters, 9(10): 653-656.

Kulasekaran, Sivakumar and Sherrill Shaffer (2002) "Cost Efficiency Among Credit Card Banks." Journal of Economics and Business, 54(6): 595-614.

Shaffer, Sherrill (2002) "Ownership Structure and Market Conduct Among Swiss Banks." Applied Economics, 34(16), 1999-2009.

Shaffer, Sherrill (2002) "Conduct in a Banking Monopoly." Review of Industrial Organization, 20(3): 221-238.

Shaffer, Sherrill (2002) "Firm Size and Economic Growth." Economics Letters, 76(2): 195-203.

Shaffer, Sherrill (2002)  "Competitive Bank Pricing and Adverse Selection, with Implications for Testing the SCP Hypothesis." Quarterly Review of Economics and Finance, 42(3): 633-647.

Shaffer, Sherrill (2001) "Investors' Preferences and Dividend Payouts." Applied Economics Letters 8 (7): 489-491.

Shaffer, Sherrill (2001) "Banking Conduct Before the European Single Banking License: A Cross-Country Comparison." North American Journal of Economics and Finance, 12 (1): 79-104. 

Shaffer, Sherrill and Bonnie Sue Gariety (2001) "Flextime, Productivity, and Compensating Wage Differentials." Monthly Labor Review, 124 (3): 68-75.

Shaffer, Sherrill (2001) "Introduction: Deregulation: Theory and Practice." Journal of Economics and Business, 53 (2/3), March/June 2001.

WORKING PAPERS

Sanning, Lee, Sherrill Shaffer and Jo Marie Sharrat (forthcoming) "Alternative Investments: The Case of Wine." Under review at The Financial Review. (Previoiusly Submitted to Journal of Political Economy and American Economic Review.)

Dorotov, Maxim. and Sherrill Shaffer (2004)  "Performance of Small Business Loans."

Shaffer, Sherrill, Lee Sanning, and Guo Li (2006) "Informational Transparency and Bank Failures."

Shaffer, Sherrill, Anne Alexander, and Robert Godby (2006) "The Price of Power."

Shaffer, Sherrill, Lee Sanning, Gary Fleischman, and Sean Valentine. (2006) "The Community Reinvestment Act and Bank Risk and Preformance."

Shaffer, Sherrill, and Robert N. Collender (2006) "Rural Economic Performance and Federal Credit Programs," Companion paper to "Federal Credit Programs and Economic Performance." Funded by a cooperative research agreement with the USDA/ERS

Shaffer, Sherrill, David Aadland, and Frank Caliendo (2006). "Time Compression."

 

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