Lawrence J. White

Lawrence J. White is the Robert Kavesh Professor of Economics at the Department of Economics within New York University's Leonard N. Stern School of Business. He specializes in antitrust policy, financial regulation, and banking systems. His research focuses on market entry dynamics, mergers & acquisitions, and systemic risks in financial institutions. He has contributed to seminal works on banking crises (e.g., SVB collapse), credit rating agencies, and Fannie Mae/Freddie Mac reforms. He serves as General Editor of the Review of Industrial Organization and teaches courses like Microeconomics: Theory & Applications and Firms & Markets.

His research methodologies analyze banking market structures using data from FDIC Summary of Deposits, Call Reports, and other financial datasets. Key topics include deposit insurance design, liquidity risks in small banks, and regulatory responses to financial instability. He critiques outdated antitrust frameworks (e.g., Cellophane Case) and advocates for modernized competition policies.

Notable works include Guaranteed to Fail: Fannie Mae and Freddie Mac and analyses of the 2023 banking stress events. His articles frequently address policy implications for financial stability, competition, and regulatory frameworks.