4883 South Citation Drive #201
Delray Beach, FL 33445
Phone: (561) 703-6284
E-mail: mail@frankschmid.com
Internet: http://frankschmid.com
Skype: frankschmid.com

United States

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Post doc (Dr.habil.) Finance, University of Lüneburg, Germany, 1996
Doctorate (Dr.rer.pol.) Economics, University of Lüneburg, 1991
M.A. (Dipl.-Volkswirt) Economics, University of Göttingen, Germany, 1988
B.A. (Vordiplom) Economics, University of Heidelberg, Germany, 1985

August 2006 to Present
Director and Senior Economist
National Council on Compensation Insurance (NCCI), Inc.
• Develop and supervise the implementation of Bayesian state-space forecasting and actuarial pricing models
• Developed and maintain a revenue forecasting model for the CFO
August 2005 to August 2006
Senior Economist
National Council on Compensation Insurance (NCCI), Inc.
• Developed state-space models for severity and frequency forecasting
• Trained actuarial students in statistical modeling and supervised implementation of state-space forecasting models
January 2005 to July 2005
Associate Professor of Finance
Auckland University of Technology, New Zealand
• Conducted research in asset pricing and financial markets
• Taught undergraduate courses in finance
September 2004 to January 2005
Senior Economist
National Council on Compensation Insurance (NCCI), Inc.
• Developed state-space models for severity and frequency forecasting
• Trained actuarial students in statistical modeling and supervised implementation of state-space forecasting models
October 1997 to August 2004
Senior Economist
Federal Reserve Bank of St. Louis
• Conducted academic level research in topics related to financial markets, corporate finance, financial institutions, and monetary policy
• Briefed the President of the Federal Reserve Bank of St. Louis in preparation of FOMC meetings on questions regarding financial markets and general economic conditions
• Drafted speeches for the President of the Federal Reserve Bank of St. Louis
July 1995 to June 1997
Senior Research Fellow
Wharton Financial Institutions Center, University of Pennsylvania
• Conducted academic research in topics related to banking and corporate finance, sponsored by Deutsche Forschungsgemeinschaft (German equivalent to U.S. National Science Foundation), http://www.dfg.de
• Audited Ph.D. courses in finance
July 1994 to June 1995
Post-doc Scholar
Free University of Berlin and Humboldt University of Berlin, Germany
• Conducted academic research in topics related to banking and corporate finance, sponsored by Deutsche Forschungsgemeinschaft, http://www.dfg.de
• Taught graduate courses in finance
September 1993 to June 1994
Visiting Scholar
Finance Department, Wharton School of the University of Pennsylvania
• Conducted academic research in topics related to banking and corporate finance
• Audited Ph.D. courses in economics and econometrics
July 1991 to February 1994
Assistant Professor
School of Business Administration, University of Vienna, Austria
• Conducted academic research in topics related to regulation and efficiency of European banking and insurance industries
• Taught undergraduate courses in finance and graduate (Master’s program) courses in industrial organization

Hicks-Tinbergen Medal 2006, sponsored by the European Economic Association, http://www.eeassoc.org
Prize of the University of Vienna, sponsored by the Vienna Chamber of Commerce, 1992

Influence of German Universal Banks on the Performance of Corporations: Theory and Empirical Evidence, Deutsche Forschungsgemeinschaft, http://www.dfg.de, July 1994 to September 1995

Post doc Scholarship (Finance), Deutsche Forschungsgemeinschaft, September 1993 to June 1994

“When For Profits and Not For Profits Compete: Theory and Empirical Evidence from Retail Banking,” Managerial Finance, Vol. 31(11) (2005), 50-71
“Capital, Labor, and the Firm: A Study of German Codetermination,” with Gary Gorton, Journal of the European Economic Association, Vol. 2 (2004), 863-905
“Monetary Policy Actions and the Incentive to Invest,” with William R. Emmons, Business Economics, Vol. 39(2) (2004), 24-29
“Pricing and Dividend Policies in Open Credit Unions,” with William R. Emmons, Journal of Institutional and Theoretical Economics, Vol. 158 (2002), 234-255
“Universal Banking and the Performance of German Firms,” with Gary Gorton, Journal of Financial Economics, Vol. 58 (2000), 29-80
“Corporate Governance, Ownership Dispersion, and Efficiency: Empirical Evidence from Austrian Cooperative Banking,” with Gary Gorton, Journal of Corporate Finance, Vol. 5 (1999), 119-140
“Should Bank Branching Be Regulated? Theory and Empirical Evidence for Four European Countries,” Journal of Regulatory Economics, Vol. 6 (1994), 137-149
“Technical Efficiency and Returns to Scale in Austrian Commercial Banking: 1987-1991,” Empirica, Vol. 21 (1994), 245-253

“Macroeconomic News and Real Interest Rates,” with Kevin L. Kliesen, Vol. 88(2) (2006), 133-144
“Stock Return and Interest Rate Risk at Fannie Mae and Freddie Mac,” Vol. 87(1) (2005), 35-48
“Monetary Policy Actions, Macroeconomic Data Releases, and Inflation Expectations,” with Kevin L. Kliesen, Vol. 86(3) (2004), 9-22
“Asset Mispricing, Arbitrage, and Volatility,” with William R. Emmons, Vol. 84(6) (2002), 19-28
“Voting Rights, Private Benefits, and Takeovers,” Vol. 84(1) (2002), 35-46
“Equity Financing of the Entrepreneurial Firm,” Vol. 83(6) (2001), 15-27
“Membership Structure, Competition and Occupational Credit Union Deposit Rates,” with William R. Emmons, Vol. 83(1) (2001), 41-50
“Bank Competition and Concentration: Do Credit Unions Matter?” with William R. Emmons, Vol. 82(3) (2000), 29-42
“The Asian Crisis and the Exposure of Large U.S. Firms,” with William R. Emmons, Vol. 82(1) (2000), 15-34
“Credit Unions and the Common Bond,” with William R. Emmons, Vol. 81(5) (1999), 41-64
“Wages and Risk-Taking in Occupational Credit Unions: Theory and Evidence,” with William R. Emmons, Vol. 81(2) (1999), 13-31
“Universal Banking, Control Rights, and Corporate Finance in Germany,”
with William R. Emmons, Vol. 80(4) (1998), 19-42

“Mergers and Acquisitions in Germany: Social Setting and Regulatory Framework,” with Mark Wahrenburg, in: Jan Pieter Krahnen and Reinhard H. Schmidt (eds.), The German Financial System, Oxford (U.K.): Oxford University Press (2004), 261 287
“The Swiss Construction Sector and Public Procurement,” with Stefan Felder and Jörg Finsinger, in: Peter Zweifel (ed.), Services in Switzerland: Structure, Performance and Implications of European Economic Integration, Berlin: Springer Verlag (1993), 80 101

“Moral Hazard in Workers’ Compensation on the Part of Financially Distressed Policyholders” (with Gary Gorton, University of Pennsylvania)
“Regulation and Benefits Inflation in Workers’ Compensation”

Contemporary Economic Policy; Contemporary Economic Policy; Eastern Economic Journal; Economica; Economics of Governance; Financial Management; International Review of Economics & Finance; Journal of Applied Social Sciences Studies; Journal of Banking and Finance; Journal of Economics and Finance; Journal of Economics and Business; Journal of Financial Intermediation; Journal of Financial Services Research; Journal of International Money and Finance; Journal of Money, Credit, and Banking; Review of Financial Studies; Scandinavian Journal of Economics