Sherrill Shaffer
Guthrie Distinguished Professor of Banking and Financial Services Emeritus

Research Interests
My research interests include Banking, Financial Markets and Regulation.
Selected Publications
Spierdijk, L., Shaffer, S., & Considine, T. (2017). How do banks adjust to changing input prices? A dynamic analysis of US commercial banks before and after the crisis. Journal of Banking & Finance, 85, 1-14.
IJtsma, P., Spierdijk, L., & Shaffer, S. (2017). The concentration–stability controversy in banking: New evidence from the EU-25. Journal of Financial Stability, 33, 273-284.
Shaffer, S., & Spierdijk, L. (2017). Market power: Competition among measures. In Handbook of Competition in Banking and Finance. Edward Elgar Publishing.
Shaffer, S., & Spierdijk, L. (2017). The Panzar–Rosse revenue test and market power in banking: an empirical illustration. In Handbook of Competition in Banking and Finance. Edward Elgar Publishing.
Shahi, C., & Shaffer, S. (2017). CAPM and the changing distribution of historical returns. Applied Economics Letters, 24(9), 639-642.
Education
PhD, Stanford University
MA, Stanford University
BA, Rice University