Connel Fullenkamp | Scholars@Duke

Connel Fullenkamp
Professor of the Practice of Economics

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 Appointments & Affiliations

Professor of the Practice of Economics, Economics, Trinity College of Arts & Sciences 2010
Director of Undergraduate Studies of Economics, Economics, Trinity College of Arts & Sciences 2019

Contact Information

329F Social Sciences, Box 90097, Durham, NC 27708
Box 90097, Durham, NC 27708-0097
cfullenk@duke.edu (919) 660-1843
The Economics of Uncertainty
Understanding Investments

Background
Education, Training, & Certifications
- Ph.D., Harvard University 1992
- M.A., Harvard University 1989
- B.A., Michigan State University 1987
Previous Appointments & Affiliations
- Director of EcoTeach in Economics, Economics, Trinity College of Arts & Sciences 2019 - 2020
- Director of Undergraduate Studies of Economics, Economics, Trinity College of Arts & Sciences 2008 - 2018
- Director of EcoTeach of Economics, Economics, Trinity College of Arts & Sciences 2016 - 2018
- Adjunct Professor of the Practice in the School of Engineering, Pratt School of Engineering, Duke University 2009 - 2011
- Associate Professor of the Practice of Economics, Economics, Trinity College of Arts & Sciences 2006 - 2010
Recognition
In the News
- MAY 30, 2023 Duke Today
  
  Duke Economist Seeks to Create a Nature-Based Economy
- DEC 13, 2022
  
  2022 in Review: Duke Expertise in the Opinion Pages
- JUL 13, 2022 Duke News
  
  News Tip: A Few Bright Spots in Latest Inflation Report, Economist Says
- JUN 30, 2022 Duke Economics
  
  How Elephants, Whales, and Financial Markets Can Help in the Fight Against Climate Change
- JUN 22, 2022
  
  Don’t Expect Gas, Food or Housing Prices to Drop Soon, Experts Say
- SEP 1, 2021
  
  Pandemic Unemployment Benefits End Sept. 6. It's Not Simple as to What This Will Do to the Labor Market
- APR 26, 2017
  
  Duke Conversations: Where Faculty and Students Meet Over Dinner
- SEP 26, 2016
  
  Debate Tips from Connel Fullenkamp and Duke Debate
- SEP 1, 2015
  
  News Tip: ‘Gently’ Raising Interest Rates Good for Economy, Expert Says
- APR 28, 2015 Quartz
  
  Connel Fullenkamp comments: Billions of dollars from overseas workers will be key to rebuilding Nepal’s ravaged economy
- APR 27, 2015
  
  Trinity Honors Excellence in Teaching, Advising and Service
- FEB 10, 2015 The Conversation
  
  Connel Fullenkamp: Remittances support families' basic needs but don't expect them to drive economic growth
- APR 28, 2014
  
  Helping Students Turn Visions Into Realities
- DEC 18, 2013
  
  News Tip: Federal Reserve Move to Reduce Bond Buys 'A Good Start to The Taper'
Research
External Relationships
- BlueGreen Future LLC
- International Monetary Fund
- New York Times in Education Program
- Pathfinder Pharmaceuticals
Publications & Artistic Works
Selected Publications
- Academic Articles
  - Berzaghi, F., T. Cosimano, C. Fullenkamp, J. Scanlon, T. E. Fon, M. T. Robson, J. L. Forbang, and R. Chami. “Value wild animals’ carbon services to fill the biodiversity financing gap.” Nature Climate Change 12, no. 7 (July 1, 2022): 598–601. https://doi.org/10.1038/s41558-022-01407-4.
    Full Text
  - Berzaghi, Fabio, Ralph Chami, Thomas Cosimano, and Connel Fullenkamp. “Financing conservation by valuing carbon services produced by wild animals.” Proceedings of the National Academy of Sciences of the United States of America 119, no. 22 (May 2022): e2120426119. https://doi.org/10.1073/pnas.2120426119.
    Full Text
  - Chami, R., T. Cosimano, C. Fullenkamp, and D. Nieburg. “Toward a Nature-Based Economy.” Frontiers in Climate 4 (April 15, 2022). https://doi.org/10.3389/fclim.2022.855803.
    Full Text
  - Chami, R., C. Fullenkamp, T. Cosimano, and F. Berzaghi. “African forest elephants fight climate change by contributing in surprising ways to natural carbon capture.” Finance and Development 57, no. 4 (December 1, 2020): 58–62.
  - Submitter, Duke University- Economics, Ralph Chami, Connel Fullenkamp, Fabio Berzaghi, Sonia Español-Jiménez, Milton Marcondes, and Jose Palazzo. “On Valuing Nature-Based Solutions to Climate Change: A Framework with Application to Elephants and Whales.” Economic Research Initiatives at Duke (Erid) Working Paper, no. 297 (August 2020).
  - Chami, R., E. Ernst, C. Fullenkamp, and A. Oeking. “Is there a remittance trap?” Finance and Development 55, no. 3 (September 1, 2018): 44–47.
  - Fullenkamp, C., and C. Rochon. “Reconsidering bank capital regulation: a new combination of rules, regulators, and market discipline.” Journal of Economic Policy Reform 20, no. 4 (October 2, 2017): 343–59. https://doi.org/10.1080/17487870.2016.1181550.
    Full Text
  - Chami, R., C. Fullenkamp, T. Cosimano, and C. Rochon. “If financial institutions combine banking and nonbanking business there is potential for danger.” Finance and Development 54, no. 1 (March 1, 2017): 43–45.
  - Chami, R., and C. Fullenkamp. “Beyond the household.” Finance and Development 50, no. 3 (September 1, 2013): 48–51.
  - Sharma, Sunil, and Connel Fullenkamp. “Good Financial Regulation: Changing the Process is Crucial,” February 7, 2012.
  - Chami, R., C. Fullenkamp, and S. Sharma. “A framework for financial market development.” Journal of Economic Policy Reform 13, no. 2 (June 1, 2010): 107–35. https://doi.org/10.1080/17487871003700804.
    Full Text
  - Fullenkamp, C. R., Ralph Chami, Adolfo Barajas, and Anjali Garg. “The Global Financial Crisis and Workers’ Remittances to Africa: What’s the Damage?” Journal of African Development 12, no. 1 (2010): 59–78.
  - Chami, R., and C. Fullenkamp. “Development a wobbly crutch.” Finance and Development 46, no. 4 (December 1, 2009): 31.
  - Chami, R., C. Fullenkamp, and S. Jahjah. “Are immigrant remittance flows a source of capital for development?” Imf Staff Papers 52, no. 1 (July 6, 2005): 55–81.
    Open Access Copy
  - Fullenkamp, C., and S. M. Nsouli. “Six Puzzles in Electronic Money and Banking,” February 2004.
    Open Access Copy
  - Baier, S., C. T. Carlstrom, R. Chami, T. F. Cosimano, T. S. Fuerst, and C. Fullenkamp. “Capital trading, stock trading, and the inflation tax on equity: A note.” Review of Economic Dynamics 6, no. 4 (January 1, 2003): 987–90. https://doi.org/10.1016/S1094-2025(03)00035-8.
    Full Text Open Access Copy
  - Fullenkamp, C., R. Tenorio, and R. Battalio. “Assessing individual risk attitudes using field data from lottery games.” Review of Economics and Statistics 85, no. 1 (January 1, 2003): 218–26. https://doi.org/10.1162/rest.2003.85.1.218.
    Full Text Open Access Copy
  - Chami, R., and C. Fullenkamp. “The optimal subsidy to private transfers under moral hazard.” Imf Staff Papers 49, no. 2 (December 1, 2002): 242–51.
  - Chami, R., and C. Fullenkamp. “Trust and efficiency.” Journal of Banking and Finance 26, no. 9 (August 23, 2002): 1785–1809. https://doi.org/10.1016/S0378-4266(02)00191-7.
    Full Text Open Access Copy
  - Chami, R., T. F. Cosimano, and C. Fullenkamp. “Managing ethical risk: How investing in ethics adds value.” Journal of Banking and Finance 26, no. 9 (January 1, 2002): 1697–1718. https://doi.org/10.1016/S0378-4266(02)00188-7.
    Full Text
  - Fullenkamp, C. R. “Measuring and Managing Ethical Risk: Why Investing in Ethics Adds Value.” Journal of Banking and Finance 26 (2002): 1697–1718.
  - Chami, R., T. F. Cosimano, and C. Fullenkamp. “Capital Trading, Stock Trading, and the Inflation Tax on Equity.” Review of Economic Dynamics 4, no. 3 (July 1, 2001): 575–606. https://doi.org/10.1006/redy.2001.0129.
    Full Text Open Access Copy
  - Chami, R., and C. Fullenkamp. “The market value of family values.” Cato Journal 16, no. 3 (December 1, 1997): 339–50.
    Open Access Copy
- Book Sections
  - Barajas, A., R. Chami, and C. Fullenkamp. “The state of finance in fragile states.” In Macroeconomic Policy in Fragile States, 186–208, 2021. https://doi.org/10.1093/oso/9780198853091.003.0007.
    Full Text
  - Chami, R., E. Ernst, C. Fullenkamp, and A. Oeking. “Do financial flows make a differencein fragile states?” In Macroeconomic Policy in Fragile States, 448–92, 2021. https://doi.org/10.1093/oso/9780198853091.003.0015.
    Full Text
- Other Articles
  - Barajas, A., R. Chami, C. Fullenkamp, M. Gapen, and P. J. Montiel. “Do Workers' Remittances Promote Economic Growth?,” July 2009.
    Link to Item
  - Chami, R., A. Barajas, T. Cosimano, C. Fullenkamp, M. Gapen, and P. Montiel. “Macroeconomic consequences of remittances.” Imf Occasional Papers, May 5, 2008.
  - Chami, R., and C. Fullenkamp. “Trust as a Means of Improving Corporate Governance and Efficiency,” February 2002.
    Open Access Copy
  - Chami, R., T. F. Cosimano, and C. Fullenkamp. “The Stock Market Channel of Monetary Policy.” Imf Working Paper, February 1999.
    Open Access Copy
- Conference Papers
  - Chami, R., T. Cosimano, C. Fullenkamp, F. Berzaghi, S. Español-Jiménez, M. Marcondes, and J. Palazzo. “The Value of Nature to Our Health and Economic Well-Being: A Framework with Application to Elephants and Whales.” In Springer Proceedings in Business and Economics, 117–62, 2022. https://doi.org/10.1007/978-3-031-10302-5_7.
    Full Text
Teaching & Mentoring
Recent Courses
- ECON 373: Corporate Finance 2023
- ECON 378: Financial Risk Management 2023
- ECON 394: Research Independent Study 2023
- ECON 494: Research Independent Study 2023
- ECON 101D: Economic Principles 2022
- ECON 373: Corporate Finance 2022
- ECON 378: Financial Risk Management 2022
- ECON 393: Research Independent Study 2022
- ECON 394: Research Independent Study 2022
- ECON 493: Honors Research Independent Study 2022
- ENVIRON 796: Financial Foundations for Environmental Managers 2022
- ECON 101D: Economic Principles 2021
- ECON 373: Corporate Finance 2021
- ECON 378: Financial Risk Management 2021
- ECON 393: Research Independent Study 2021
- ECON 394: Research Independent Study 2021
- ECON 494: Research Independent Study 2021

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Education, Training, & Certifications

Previous Appointments & Affiliations

In the News

External Relationships

Selected Publications

Academic Articles

Book Sections

Other Articles

Conference Papers

Recent Courses