Vance Roley joined the University of Hawai‘i Shidler College of Business as dean and First Hawaiian Bank Distinguished Professor of Leadership and Management, starting January 1, 2005.
Before accepting his current position, Roley was the acting dean and the Hughes M. Blake Professor of Finance at the School of Business at the University of Washington. He was a member of the faculty at the University of Washington since 1983, where he served as associate dean for Academic and Faculty Affairs from 2000 to 2004. Before joining the faculty at the University of Washington, he served as an assistant vice president and economist at the Federal Reserve Bank of Kansas City. He also spent a year as a senior staff economist at the President’s Council of Economic Advisers.
Roley received a BA degree with majors in economics and statistics from the University of California at Berkeley in 1973. He became a member of Phi Beta Kappa at the University of California, where he was also awarded the Economics Departmental Citation in 1973. He received MA and PhD degrees in Economics from Harvard University in 1976 and 1977, respectively.
Roley served as a research affiliate and then a research associate with the National Bureau of Economic Research from 1980 to 1992. He also has served as an associate editor and on editorial advisory boards for several journals, including the Journal of Financial and Quantitative Analysis, the Journal of Economics and Business, and the Journal of International Financial Markets, Institutions, and Money. He also continued his relationship with the Federal Reserve Bank of Kansas City, where he served as a part-time visiting scholar from 1983 through 2000.
Roley has published 50 articles in finance and economics journals. Most of his research has focused on the term structure of interest rates, the stock market, and foreign exchange rates. His work has appeared in the American Economic Review, the Quarterly Journal of Economics, the Review of Financial Studies, the Journal of Finance, and the Journal of Monetary Economics, among other professional journals. In 1998, he was awarded the Merton Miller Prize for an article he co-authored in the Journal of Business.