Blog: Edward Kane Obituary (1935 – 2023) –


Edward J. Kane, an economist specializing in banking and financial regulation, died on March 2, 2023 in Tucson, AZ. He was born and raised in Washington D.C. where he met his wife of 54 years, Gloria Verdi.

The highly-cited author of three books and hundreds of academic articles was one of the few economists to foresee the S&L debacle of the 1980s. Dr. Kane was a man of diverse interests. Inspired by comic books and horror movies, he introduced the now-ubiquitous term Zombie Bank to the lexicon of financial writing.

Professor Kane earned a BS from Georgetown and a Ph.D. from MIT. He taught at Princeton, Iowa State and Boston College before accepting the Everett D. Reese Chair of Banking and Monetary Economics at the Ohio State University, which he held from 1972 to 1992. In 1992, he returned to Boston College to serve as the first James F. Cleary Professor in Finance until 2009.

Kane is a past president and fellow of the American Finance Association, a Research Associate of the National Bureau of Economic Research. A founding member of the Shadow Financial Regulatory Committee, he also served for twelve years as a Trustee and member of the Finance Committee of TIAA CREF, consulted for the World Bank and was a Senior Fellow in the FDIC’s Center for Financial Research. Much of his recent work was produced with the support of the Institute for New Economic Thinking.

Edward is survived by his children, Laura, Stephen (Rui) and Ted (Christy), and granddaughter Rachel (Jackson) Ruck. He is also survived by his brother Dick (Linda) and sister Mary.

Services will be held at 10:30 a.m. on March 13, 2023, at St. Thomas the apostle Catholic Church, 5150 N. Valley View Rd., Tucson, AZ.

Edward James Kane

Published by Legacy Remembers from Mar. 5 to Mar. 7, 2023.


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