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Elijah Brewer

Academic Degrees

PhD, Economics, Massachusetts Institute of Technology, 1985
MS, Finance, Massachusetts Institute of Technology, 1976
BA, Economics, Lawrence University, 1971


Elijah Brewer III is a professor of finance at the Department of Finance & Real Estate, where he has served as department chair. Brewer teaches courses in commercial banking, money and banking, and money and capital markets. Before joining the university in 2005, Brewer was an assistant vice president in the Economic Research Department of the Federal Reserve Bank of Chicago where he was employed for more than 25 years. As an assistant vice president, his responsibilities included overseeing the antitrust analyses of bank holding company applications in the Seventh Federal Reserve District and conducting economic research.

Brewer's research focuses on interest rate risk management, the relationship between risk and capital, the effects of derivative usage on commercial banking firms' performance, the wealth effects of financial institutions' bankruptcy announcements, mutual to stock conversions of financial services firms, and corporate governance issues.

Brewer was an adjunct associate professor of economics at the University of Chicago and associate professor of finance at the University of Illinois at Urbana-Champaign. He has also been a visiting lecturer at Murdoch University in Perth, Western Australia. His previous research has appeared or is forthcoming in the Journal of Money, Credit and Banking, Journal of the Japanese and International Economies, the Journal of Banking and Finance, the Journal of Financial Services Research, the Journal of Risk and Insurance, the Contemporary Policy Issues, and the Journal of Economics and Business.