McDonough School of Business

David Walker

Dr. David A. Walker is the John A. Largay Professor and director emeritus of the Capital Markets Research Center at Georgetown University. He is an elected member of the Cosmos Club. He has been a consultant to the World Bank, analyzing sharing public services with the private sector in The Philippines. He was a member of the business school quality assessment team for the Israeli Council on Higher Education. He served as chair of the Board of Trustees, president, and program chair for Financial Management Association International, representing 4,000 academicians and practitioners. Dr. Walker previously served as executive editor of the Journal of Financial Research and co-editor of the Journal of Entrepreneurial Finance.

After serving as Director of Research for the Office of the Comptroller of the Currency and senior financial economist for the FDIC, Dr. Walker joined the Georgetown faculty in 1980. He has chaired many Georgetown search committees and served as Associate Dean for the MBA Program during its initial accreditation. Previously he taught at Northwestern University and the Pennsylvania State University. His complete resume can be found at and he is biographed in Who’s Who in America.

Dr. Walker has been a consultant to the World Bank, the Promontory Financial Group, Nathan Associates, the U.S. Department of the Treasury, the U.S. Small Business Administration, Dunkin’ Donuts, Safeway, and numerous law firms. He was the expert economist for Dr. Steven Hatfill, exonerated and compensated by the Department of Justice as the person of interest in the anthrax investigation. Dr. Walker has been qualified as an expert economist by eight Federal and local courts. He has testified in front of the U.S. House of Representatives Financial Services Oversight and Investigations Subcommittee on Debt and Leverage, the House Committee on Small Business on Small Business Credit Costs, and the U.S. Senate Banking Committee on Financial and Technological Innovation.

Dr. Walker has published eight books and monographs and 60 scholarly, peer reviewed articles on global and domestic financial service firms, financing small business, mutual fund performance, and monetary and fiscal policies. His recent published papers include: "Privatization and Fiscal Deficits in European Emerging Markets," in EMERGING MARKETS FINANCE AND TRADE, "Long-Run Credit Growth in the U.S,” in the JOURNAL OF ECONOMICS AND BUSINESS, “Costs of Short-Term Credit for Small and Large Firms,” in the QUARTERLY REVIEW OF ECONOMICS AND FINANCE, “Will Japan's Three Arrows Policy Hit Its Target?" in the JOURNAL OF APPLIED BUSINESS AND ECONOMICS, “Market vs. Administered Federal Reserve Policy Rates" in the JOURNAL OF FINANCIAL ECONOMIC POLICY, and “Anticipating the 2012 Presidential Election: Do Markets Matter?" in the JOURNAL OF ACCOUNTING AND FINANCE.

Professor Walker teaches graduate and undergraduate courses on global financial markets and institutions, applied macro-economics, and managerial economics. He has served as faculty director for Georgetown's executive programs for the Agricultural Bank of China and the Construction Bank of China. He has lectured in Australia, China, Estonia, Hungary, India, Japan, Poland, The Czech Republic, The Philippines, Singapore, and Thailand and was selected for a Fulbright Award in India.