STANLEY W. BLACK'S HOME PAGE
Born in Charlotte,
North Carolina, Stanley W. Black graduated
from the University of North Carolina at Chapel Hill
with Honors in Economics in 1961. Subsequently, he received his Ph. D. in Economics
from Yale University
and taught first at Princeton University and then at Vanderbilt University.
In 1983 he returned to the University
of North Carolina as
Georges Lurcy Professor of Economics, serving as Department Chairman from 1985
to 1990. His government experience has included service with the President's
Council of Economic Advisers, the Federal Reserve Board, and the Department of
State. He has been a visiting scholar or professor at the Institute
of International Economics in Stockholm, the University
of Siena, Yale
University, the Brookings Institution,
the International Monetary Fund, and was Bundesbank Visiting Professor at the
Free University in Berlin
in Summer 1997. From 1994 to 1997 he was nonresident Director of Economic
Studies for the American Institute of Contemporary German Studies of the Johns Hopkins
University in Washington, DC.
Most recently, he was Senior Policy Advisor at the IMF Institute of the
International Monetary Fund during 2000-2001. He became emeritus professor in 2008.
Dr. Black has worked
primarily on problems of floating exchange rates and macroeconomic policy,
especially the asset market theory of floating exchange rates with rational
expectations. His work relates to the behavior of exchange rates, the international
use of currencies, and European economic issues. His books include Floating
Exchange Rates and National Economic Policy (1977), and most recently Europe's
Economy Looks East(1997), Competition and Convergence in Financial
Markets (1998) and Globalization, Technological Change, and Labor
Markets (1998). Recent papers include “Fixing the Flaws in the Eurozone”, VoxEU.org, Nov. 2010 and “The Portfolio
Theory of Exchange Rates – Then and Now.” Rev.Int.
Econ.23(2) 2015. Further information about research and other
activities can be found in his curriculum
Experience: graduate courses in international monetary economics and
macroeconomics, and undergraduate courses in international economics, European
economic integration, and macroeconomics.
gives access to Undergraduate Course Outlines and Recent Working Papers:
The Relationship of the
Exchange Risk Premium to Net Foreign Assets and Central Bank Intervention