Log In

Paul Michael Horvitz


Paul Michael HORVITZ, economist in the field of Domestic Monetary and Financial Theory and Policy; Commercial Banking; Financial Intermediaries. Ford Foundation Scholar, 1951-1953; National Science Foundation, USA Fellow, 1957-1958.


Horvitz, Paul Michael was born on August 6, 1935 in Providence. Son of Abraham and Rose (Gershkoff) Horvitz.


Bachelor of Arts University Chicago, 1954. Master of Business Administration Boston University 1956. Doctor of Philosophy Massachusetts Institute of Technology, Cambridge, Mass., USA, 1958.


Finance Economics Federal Reserve Bank Boston, 1956-1960. Assistant Professor, Boston University, 1960-1962. Economics Analyst, Mitre Corporation, Bedford, Massachusetts, 1962-1963.

Senior Economics United States Office Comptroller of Currency, Washington, District of Columbia, 1963-1966. Assistant Director Research, Director Research, Assistant Chairman, Federal Deposit Insurance Corporation, 1967, 1968-1976, 1976-1977. Judge James A. Elkins Professor Banking and Finance, University Houston, Houston, Texas, United States of America, since 1977.

Editorial Board, Finance Review, J. Bank Research, 1972-1981. Association Editor, National Banking Review, 1963-1966, Finance Management, 1972-1974, J. Finance Research,



My early research focussed on issues related to the structure of the banking industry (mergers, branch banking, entry, etc). There had been a fair amount of literature in this area in the 1930s, and Chandler set forth a research agenda in a 1938 article, but very little was done until work by Alhadeff in the 1950s. Interest in this subject increased rapidly, due in part to the efforts of the Federal Reserve, the office of the Comptroller of the Currency and FDIC. While at the FDIC my interests shifted to an emphasis on regulation on financial institutions.

The trend toward deregulation of several industries, including financial services, has increased interest in the question of the extent to which market forces can replace regulation and supervision in assuring efficiency and stability of the financial system. Federal deposit insurance plays a key

role in this, and much of my recent research has focussed on the problem of deposit insurance.


Member American Economic Association, American Finance Association, Shadow Finance Regulatory Committee.


Married Carol Broomfield, November 17, 1955. Children: Marcia Ellen Cohen, Steven Jay.

Abraham Horvitz

Rose (Gershkoff) Horvitz

Carol Broomfield

Marcia Ellen Cohen Horvitz

Steven Jay Horvitz