Rustom Irani

Rustom Irani is a Professor of Finance and Julian Simon Faculty Fellow at the Gies College of Business, University of Illinois at Urbana-Champaign. He holds a Ph.D. in Business Administration from New York University (2013), an M.Phil. in Economics from Oxford University (2006), and a B.S. in Economics from the London School of Economics (2004). His research focuses on corporate finance, financial intermediation, and macroprudential policy effects. He has been continuously employed at the University of Illinois since 2013.

Key research areas include the real effects of macroprudential policies, shadow banking dynamics, creditor rights' impact on firm behavior, and credit market frictions. His work has been published in top journals such as the Review of Financial Studies, Journal of Financial Economics, and Review of Finance. Notable contributions include analyses of borrower-based regulations, collateral eligibility effects, and the interplay between short-term incentives and long-term productivity.

• Recent publications (2021-2024) address topics like macroprudential policy implementation, shadow banking expansion, and entrepreneurial inhibition by creditors.
• Earlier work (2013-2017) explored corporate disclosure mechanisms, analyst coverage effects, and bank liquidity management strategies.

Awards include the Julian Simon Memorial Faculty Fellowship (2018-present). He teaches courses on banking regulation (FIN 461/561) and monetary policy (FIN 571), focusing on regulatory frameworks and financial institution management. Irani is also a Research Affiliate at the Centre for Economic Policy Research (CEPR).