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Lewis Spellman

Lewis Spellman
lewis.spellman@mccombs.utexas.edu
CBA 6.304A (512-471-5875)
(512-327-3606)
Additional Titles:
Professor

Professor

Department
Finance

Biography

Spellman, Lewis J. Professor, Department of Finance Lewis Spellman received his B.B.A. and M.B.A. from the University of Michigan and his M.A. and Ph.D. from Stanford University. His research interests include the value of third party financial guarantees, market estimates of bank risk, bank survival, and banking development. His teaching interests include debt, equity, and foreign exchange price trends, market intervention by governments, and macroeconomics and business conditions.

Publications

Lewis J. Spellman, Douglas O. Cook, and Carolin D. Schellhorn. 2003. Lender Certification Premiums. The Journal of Banking and Finance 27, 1561-1579.
Lewis J. Spellman and Gerald A. Hanweck. 2003. Pricing Bank Distress. Prompt Corrective Action: Ten Years Later 14, 203-225.
Gerald A. Hanweck and Lewis J. Spellman. 2001. Pricing Bank Distress, in Prompt Corrective Action: Ten Years Later, George Kaufman, ed. New York, NY: JAI/Elsevier, 203-225.
Carolin D. Schellhorn and Lewis J. Spellman. 2000. Bank Forbearance: A Market Based Explanation. The Quarterly Review of Economics and Finance 40, 451-466.
Douglas O. Cook and Lewis J. Spellman. 1996. Firm and Guarantor Risk, Risk Contagion, and the Interfirm Spread Among Insured Deposits. Journal of Financial and Quantitative Analysis 31, 265-281.
Carolin D. Schellhorn and Lewis J. Spellman. 1996. Subordinated Debt Prices and Forward Looking Estimates of Bank Asset Volatility. Journal of Economics and Business 48, 337-344.
Lewis J. Spellman and C. Schellhorn. 1994. Mining the Low Risk For High Returns. Journal of Retail Banking 17.
Douglas O. Cook and Lewis J. Spellman. 1994. Repudiation Risk and Restitution Costs: Toward Understanding Premiums on Insured Deposits. Journal of Money, Credit and Banking 26, 439-459.
Lewis J. Spellman. 1993. Discussion of Securitization in Banking, in Structural Change in Banking, L. White and M. Klausner, eds. Homewood, IL: The Irwin Press.
Lewis J. Spellman. 1993. Real Return Investments as a College Tuition Hedge, in Prepaid College Tuition Plans in the United States, M. Olivas, ed. Princeton, NJ: The College Board.
Lewis J. Spellman. 1992. Needed: A Banking Meltdown Policy, in Challenges of the International Financial System, J. Barth and P. Bartholomew, eds. Greenwich, CT: JAI Press.
Douglas O. Cook and Lewis J. Spellman. 1992. Taxpayer Resistance, Guarantee Uncertainty, and Housing Finance Subsidies. Journal of Real Estate Finance and Economics 5, 181-196.
Douglas O. Cook and Lewis J. Spellman. 1991. Federal Financial Guarantees and the Occasional Market Pricing of Default Risk. Journal of Banking and Finance 15, 1113-1130.
Ko Wang, Terry Grissom, James Webb, and Lewis J. Spellman. 1991. The Impact of Rental Property on the Value of Single Family Residences. Journal of Urban Economics 30, 152-166.
Carolin D. Schellhorn and Lewis J. Spellman. 1991. The Role of Subordinated Debt in Pricing Risk Adjusted Deposit Insurance, in 1991 Conference on Bank Structure and Competition, Chicago, IL: Federal Reserve Bank of Chicago.
Lewis J. Spellman. 1990. A Parable: The Federal Financial Risk Exposure. Texas, The Business School Magazine.
Douglas O. Cook and Lewis J. Spellman. 1989. Reducing Default Premia on Insured Deposits: The Policy Alternatives, in The Future of the Thrift Industry, San Francisco, CA: Federal Reserve Bank of San Francisco.
Lewis J. Spellman. 1988. An Analysis of the Causes of Savings and Loan Association Failures. Journal of Economic Literature 26.
Lewis J. Spellman. 1982. The Depository Firm and Industry: Theory, History, and Regulation. New York, NY: Academic Press.
Lewis J. Spellman. 1981. Commercial Banks and the Profits of Savings and Loan Markets. Journal of Bank Research 12, 32-36.
Lewis J. Spellman. 1981. Inflation and Housing Prices. American Real Estate and Urban Economics Association 9, 205-222.
Lewis J. Spellman. 1980. Deposit Ceilings and the Efficiency of Financial Intermediation. Journal of Finance 35, 129-136.
Lewis J. Spellman. 1978. Entry and Profitability in a Rate Free Deposit Market. Quarterly Review of Economics and Business 18, 87-95.
R. Dieli and Lewis J. Spellman. 1978. Financial Intermediation and Economic Development in Mexico, 1966-1973, in Boletin,
William Bradford, Alfred Osborne, and Lewis J. Spellman. 1978. The Efficiency and Profitability of Minority Controlled Savings and Loan Associations. Journal of Money, Credit and Banking 10, 65-74.
Lewis J. Spellman. 1977. Competitive Environments: Commercial Banks and Savings and Loan Associations, in 1977 Conference on Bank Structure and Competition, Chicago, IL: Federal Reserve Bank of Chicago.
Lewis J. Spellman and H. Stephens. 1977. Housing Price Increases: The Causes and Effects. Texas Business Review.
Lewis J. Spellman. 1977. Non-Rate Competition for Savings Deposits. Journal of Bank Research 8, 171-178.
Lewis J. Spellman and C. Franckle. 1977. Texas Business Review. Inflation and Consumer Financial Wealth.
Lewis J. Spellman. 1977. The Comparative Operating Efficiency of Black Savings and Loan Associations. Journal of Finance 32, 565-574.
Lewis J. Spellman. 1976. Economic Growth and Financial Intermediation, in Money and Finance in Economic Growth and Development: Essays in Honor of Edward S. Shaw, R. McKinnon, ed. Marcel Decker Press.
Lewis J. Spellman. 1975. Competition for Savings Deposits in the U.S.: 1936-1966. Journal of Financial and Quantitative Analysis 10, 567-576.
Lewis J. Spellman. 1975. Entry: The Prologue to Deposit Ceilings, in 1975 Conference on Bank Structure and Competition, Chicago, IL: Chicago Federal Reserve Bank.
Lewis J. Spellman. 1975. Investment Income and Non-Life Insurance Pricing. Journal of Risk and Insurance 41, 567-588.
Lewis J. Spellman. 1975. Non-Rate Competition and Profitability in Savings and Loan Markets, in Proceedings of Southwestern Finance Association,
Lewis J. Spellman. 1974. Finance as an Industry: A Simple Model of Growth. Journal of Finance.

Professional Awards

Citation of Excellence, Highest Quality Rating by Anbar Electronic Intelligence for1997
Best Paper in Financial Institutions by the Financial Management Association1989
10th Anniversary Economic Policy Essay Award, National Economists Club, Washington1979

Teaching Awards

McCombs Outstanding Professor, Alpha Kappa Psi2004
Harkins Foundation Teaching Excellence Award1990
Chancellor's Council Outstanding Teaching Award1988