Darrell Duffie
Adams Distinguished Professor of Management and Professor of Finance, Stanford University
Darrell Duffie is The Adams Distinguished Professor of Management and Professor of Finance at Stanford Graduate School of Business. He is also professor by courtesy in the Department of Economics at Stanford University. Darrell Duffie’s research interests include over-the-counter markets, banking, financial stability, credit risk, valuation and hedging of derivative securities, financial market infrastructure, the term structure of interest rates, financial innovation, security design, market design, and fintech payments. Duffie’s recent books include How Big Banks Fail (Princeton University Press, 2010), Measuring Corporate Default Risk (Oxford University Press, 2011), and Dark Markets (Princeton University Press, 2012). He was awarded the Stephen A. Ross Prize in Financial Economics in 2014 and 2021, and the Amundi Pioneer Prize in 2017. He was named the IAFE/SunGard Financial Engineer of the Year in 2003. He is a fellow and member of the Council of the Econometric Society, a research fellow of the National Bureau of Economic Research, and a fellow of the American Academy of Arts and Sciences. Duffie was the 2009 president of the American Finance Association. In 2014, he chaired the Market Participants Group, charged by the Financial Stability Board with recommending reforms to Libor, Euribor, and other interest rate benchmarks.