Faculty & Research

Faculty and Executive Leadership Directory

Richard K. Lyons

Professor and Former Dean
Haas Economic Analysis and Policy Group
Haas Finance Group
Email: click on the envelope icon below for full email address
Academic Status: On leave
Office Hours: On leave, F522E
Personal Homepage: http://faculty.haas.berkeley.edu/lyons/
Curriculum Vitae (in PDF format, Acrobat Reader required)
LinkedIn Profile


PhD, Economics (International and Macro), MIT
BS, Business (Finance Concentration), UC Berkeley

Positions Held

At Haas since 1993

2008 – 2018, Dean and Bank of America Dean’s Chair, Haas School of Business

2017 – 2018, Co-Chair, UC Berkeley Strategic Plan Steering Committee

2009 – 2016, Kruttschnitt Family Chair in Financial Institutions
2006 – 2008, S. K. and Angela Chan Chair in Global Management
2006 – 2008, Chief Learning Officer, Goldman Sachs
2005 – 2008, Executive Associate Dean, Haas School of Business
2004 – 2005, Acting Dean, Haas School of Business
2004, Associate Dean for Academic Affairs
1993 – 2004, Professor (Associate/Assistant/Full), Haas School of Business
1987 – 1993, Professor (Associate/Assistant), Graduate School of Business, Columbia University
1986, Summer Intern, Board of Governors of the Federal Reserve System, Washington D.C.
1985, Research Assistant, Organization for Economic Cooperation and Development (OECD), Paris
1983 – 1984, Research Analyst, Financial Industries Division, SRI International, Menlo Park, CA,

Visiting Positions

University of Toulouse, Toulouse, France
Stockholm University, Stockholm, Sweden
London School of Economics, London, UK
Foundation for Advanced Information and Research (FAIR), Tokyo, Japan
University of Aix-Marseille, Marseille, France

External Service and Assignments

  • Board: Matthews Asia Funds
  • Board: Syntax Funds
  • Board: Ashesi University Foundation (Ashesi is in Ghana)
  • Research Associate: National Bureau of Economic Research (NBER)
  • Member: Council on Foreign Relations
  • Consultant: IMF, World Bank, Federal Reserve Bank, European Commission
  • Advisory Board, Economic Policy Review (NY Fed.)

Current Research and Interests

  • Exchange rate economics
  • Microstructure finance
  • International finance
  • Cryptocurrencies

Selected Papers and Publications

  • The Microstructure Approach to Exchange Rates. MIT Press, 2001.
  • “Order Flow and Exchange Rate Dynamics,” with M. Evans. Journal of Political Economy (February 2002): 170-180.  Abstract
  • “Tests of Microstructural Hypotheses in the Foreign Exchange Market.” Journal of Financial Economics (October 1995): 321-351.
  • “A Simultaneous Trade Model of the Foreign Exchange Hot Potato.” Journal of International Economics (May 1997): 275-298. Abstract
  • “Profits and Position Control: A Week of FX Dealing.” Journal of International Money and Finance (February 1998): 97-115. Abstract
  • “Customer- and Supplier-Driven Externalities,” with R. Caballero and E. Bartelsman. American Economic Review (September 1994): 1075-1084.
  • “External Effects in US Procyclical Productivity,” with R. Caballero. Journal of Monetary Economics (April 1992): 209-225.
  • “The Berkeley Haas School of Business: Codifying, Embedding, and Sustaining Culture,” with J. Chatman,” published in BerkeleyHaas Case Series, 2017, http://bit.ly/2CGrrYN


  • International Finance
  • Financial Market Microstructure
  • Currency Markets

Honors and Awards

  • Berkeley Citation (highest award for faculty/staff service)
  • Sterling Schoen Award for Diversity Leadership (The Consortium)
  • National Science Foundation grantee, PI on five grants
  • National Science Foundation Graduate Fellowship
  • Teacher-of-the-Year Award (Cheit Award) five times since 1994
  • UC Berkeley’s Highest Teaching Award (DTA), 1998
  • Highest Honors, UC Berkeley, 1982
  • Phi Beta Kappa

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