Connel R. Fullenkamp
  • Connel R. Fullenkamp

  • Professor of the Practice
  • Economics
  • 329C Soc Sci Building
  • Campus Box 90097
  • Phone: (919) 660-1843
  • Curriculum Vitae
  • Bio

    Connel R. Fullenkamp is Professor of the Practice and Director of Undergraduate Studies in the Economics Department at Duke University. He joined the Duke faculty in 1999. Along with his professorship, he has also served as consultant for the Duke Center for International Development since 2003. He has also been a visiting scholar and consultant at the IMF Institute of the International Monetary Fund in Washington, D.C. since 1999. In this role, he has designed training courses in financial regulation for the IMF Institute and then taught these courses to groups of government officials around the world, working alongside IMF economists. Professor Fullenkamp earned his B.A. from Michigan State University in 1987 and his M.A. from Harvard University in 1989. He also earned his Ph.D. from Harvard University in 1992, after which he became an assistant professor in the Department of Finance and Business Economics at the University of Notre Dame until 1999.

    Professor Fullenkamp specializes in economic policy, financial market development, and regulation of financial markets. He has conducted his recent research on creating a framework for financial market development as well as improving the structure and conduct of financial market regulation. He has also done significant research on migrant worker remittances, especially the impact of immigrant remittances on macroeconomic performance such as economic growth. A common theme throughout his research has been to study how risks are shared and managed, and how to design policies that improve the management of risk, particularly in the financial markets. His work has been published in a number of prestigious academic journals, including the Journal of Economic Policy Reform, Review of Economic Dynamics, The Cato Journal, the Journal of Banking and Finance, and The IMF Staff Papers.

    For his excellent work as a teacher and researcher, Professor Fullenkamp has received numerous honors. He was given the Alumni Distinguished Undergraduate Teaching Award in 2005 by the Duke University Alumni Association and was nominated for the award each year from 2000-2004. He also earned the Outstanding Teacher Award from the University of Notre Dame College of Business in 1998. Before beginning his teaching career, he received the Harry S. Truman Scholarship in 1985 and the National Science Foundation Graduate Fellowship in 1988.
  • Specialties

    • Financial Economics
    • 8715
    • Economic Growth and Technological Change
    • Macroeconomics
  • Working Papers

    • C.R. Fullenkamp, Adolfo Barajas, Ralph Chami, Michael T. Gapen, and Peter Montiel.
    • (2009).
    • Do Workers’ Remittances Promote Economic Growth?.
    • IMF Working Papers
    • .
    • C.R. Fullenkamp, Ralph Chami and Sunil Sharma.
    • (2004).
    • “Toward a Framework for Financial Market Development.
    • IMF Institute - mimeo.
    • C.R. Fullenkamp, Saleh Nsouli.
    • (2004).
    • Six Puzzles in Electronic Money and Banking.
    • IMF Working Paper 04-19
    • .
    • C.R. Fullenkamp, Thomas Cosimano and Richard Sheehan.
    • (2004).
    • An Examination of Deposit Rate Setting by Large Financial Institutions.
    • .
    • (currently under revision at the Journal of Financial Intermediation)
    • C.R. Fullenkamp, Ralph Chami and Thomas Cosimano.
    • (March, 1999).
    • The Stock Market Channel of Monetary Policy.
    • IMF Working Paper.
  • Research Description

    Professor Fullenkamp specializes in the investigation of financial market development and regulation of financial markets. His projects often involve the exploration of such variables as immigrant worker remittances, economic policy, and the development of countries. His completed papers have appeared in various leading academic journals, including The Cato Journal, the Journal of Banking and Finance, the Review of Economic Dynamics, and the Review of Economics and Statistics. Titles of his publications include, “Capital Trading, Stock Trading, and the Inflation Tax on Equity” with Scott Baier, Charles Carlstrom, Ralph Chami, Thomas Cosimano, and Timothy Fuerst; “Assessing Individual Risk-Attitudes Using Field Data from Lottery Games” with Rafael Tenorio and Robert Battalio; “Are Immigrant Remittance Flows a Source for Capital Development” with Ralph Chami and Samir Jahjah; and more. Professor Fullenkamp is currently focusing his studies on the impact of immigrant remittances on economic growth and the framework for financial market development.
  • Current Projects

    Impact of immigrant remittances on economic growth, Framework for financial market development
  • Areas of Interest

    financial market development
    regulation of financial markets
  • Education

      • PhD,
      • Economics,
      • Harvard University,
      • 1992
      • MA,
      • Economics,
      • Harvard University,
      • 1989
      • BA,
      • Economics,
      • Michigan State University,
      • 1987
  • Awards, Honors and Distinctions

      • Alumni Distingushed Undergraduate Teaching Award,
      • Duke University Alumni Association,
      • September 2005
      • Duke University Alumni Distinguished Undergraduate Teaching Award nominee,
      • 2000-2004
      • Harry S. Truman Scholarship,
      • 1985
      • National Science Foundation Graduate Fellowship,
      • 1988
      • University of Notre Dame College of Business Outstanding Teacher Award,
      • 1998
  • Recent Publications

      • C.R. Fullenkamp, Ralph Chami, Adolfo Barajas, and Anjali Garg.
      • (2010).
      • The Global Financial Crisis and Workers’ Remittances to Africa: What’s the Damage?.
      • Journal of African Development
      • ,
      • 12
      • (1)
      • ,
      • 59-78.
      • C.R. Fullenkamp, Ralph Chami, and Sunil Sharma.
      • (2010).
      • A Framework for Financial Market Development.
      • Journal of Economic Policy Reform
      • ,
      • 13
      • (2)
      • ,
      • 107-135.
      • C.R. Fullenkamp, Ralph Chami, Adolfo Barajas, Thomas Cosimano, Michael Gapen, and Peter Montiel.
      • (2008).
      • Macroeconomic Consequences of Remittances.
      • IMF Occational Papers
      • International Monetary Fund.
      • [web]
      • C.R. Fullenkamp, Ralph Chami, Samir Jahjah.
      • (April, 2005).
      • Are Immigrant Remittance Flows a Source of Capital for Development.
      • IMF Staff Papers
      • ,
      • 52
      • (1)
      • ,
      • 55-81.
      • C.R. Fullenkamp, Ralph Chami and Sunil Sharma.
      • (December, 2003).
      • and Instruments for Sequencing the Development of Financial Markets.
      • .
      • (presented at the Joint Africa Institute High-Level Seminar on Financial Development and Integration in Africa)
  • View All Publications
  • Teaching

    • ECON 101D.001
      • ECONOMIC PRINCIPLES
      • LSRC B101
      • MW 11:45 AM-01:00 PM
    • ECON 101D.002
      • ECONOMIC PRINCIPLES
      • LSRC B101
      • MW 01:25 PM-02:40 PM
    • ECON 101D.01D
      • ECONOMIC PRINCIPLES
      • Social Sciences 311
      • Tu 08:30 AM-09:45 AM
    • ECON 101D.02D
      • ECONOMIC PRINCIPLES
      • Social Sciences 311
      • Tu 03:05 PM-03:55 PM
    • ECON 101D.03D
      • ECONOMIC PRINCIPLES
      • Gray 228
      • Tu 06:15 PM-07:05 PM
    • ECON 101D.04D
      • ECONOMIC PRINCIPLES
      • Social Sciences 119
      • Th 06:15 PM-07:05 PM
    • ECON 101D.05D
      • ECONOMIC PRINCIPLES
      • Social Sciences 311
      • W 04:55 PM-05:45 PM
    • ECON 101D.06D
      • ECONOMIC PRINCIPLES
      • Social Sciences 311
      • M 04:55 PM-05:45 PM
    • ECON 101D.07D
      • ECONOMIC PRINCIPLES
      • Social Sciences 311
      • W 08:30 AM-09:20 AM
    • ECON 101D.08D
      • ECONOMIC PRINCIPLES
      • Physics 154
      • Th 07:30 PM-08:20 PM
    • ECON 101D.09D
      • ECONOMIC PRINCIPLES
      • Social Sciences 311
      • F 03:20 PM-04:10 PM
    • ECON 101D.10D
      • ECONOMIC PRINCIPLES
      • Social Sciences 311
      • Tu 07:30 PM-08:20 PM
    • ECON 373.01
      • CORPORATE FINANCE
      • Soc/Psych 127
      • MW 10:05 AM-11:20 AM
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