Tom Miller Jr., PhD

 Tom Miller Jr., PhD

Titles:

  • Professor of Finance
  • Jack R. Lee Chair of Financial Institutions and Consumer Finance

Contacts:

twm75@msstate.edu
Office: (662) 325-1997
310 I

Overview

Education:

  • Ph D, B.A./Finance, University of Washington, 1992
  • MS, Economics, Montana State University, 1979
  • BS, Economics, Montana State University, 1977

Publications

Book

  • Trophy Man: A Junior Golfer's Inside Out Guide for Building Their Own Success Story. 2014
  • Fundamentals of Investments, 7th Edition. McGraw-Hill. 2014
  • Castles Made of Sand: An Inside Out Guide to Parenting Junior Golfers. Publisher. 2013
  • Fundamentals of Investments. McGraw-Hill. 2010

Book, Chapter

  • Examining Arguments Made by Interest Rate Cap Advocates . Reframing Financial Regulation: Enhancing Stability and Protecting Consumers. 2016

Journal Article

  • Evaluating the Spatial Consequence of Interest Rate Ceiling Using a Spatial Regime Change ApproachThe American Economist, SAGE Journals. Page 15. 2018
  • Data obtained with a novel approach to estimate installment loan acquisition costs. Data in Brief. Volume 18, Pages 1257-1266. 2018
  • Differences in Consumer Credit Choices Made by Banked and Unbanked Mississippians. Journal of Law, Economics, and Policy. 2015
  • An Intra-Week Efficiency Analysis of Bookie-Quoted NFL Betting Lines in NYC . Journal of Empirical Finance. Volume 24, Issue December 2013, Pages 10-23. 2013
  • "Benchmarking the Performance of Recommended Allocations to Equities, Bonds, and Cash by International Investment Houses". Journal of Empirical Finance. Volume 15, Issue 3, Pages pp. 363-382. 2008
  • "Estimating Expected Excess Returns Using Historical and Option-Implied Volatility". Journal of Financial Research. Volume 29, Issue 1, Pages pp. 95-112. 2006

On-Line

  • Poverty and Payday Lending in Mississippi. The Bridge, Mercatus Center. 2018

Op-Ed

  • 0%: The Correct Corporate Tax Rate. The Hill. 2018

Trade Journal/Magazine

  • Are Credit Cards Becoming Obsolete? No. The Wall Street Journal. 2018

Presentations

  • "Access to Being a Leader." Tower Loan University, First Tower, Starkville, MS. 2017
  • "The Small Dollar Loan Landscape." The National Organization of Black Elected Legislative/, National Installment Loan Association, Biloxi, MS. 2014

Lecture

  • "Financial Economics and Valuation." Advanced Economics Institute for Judges, Law and Economics Center, George Mason University, Park City, UT. 2017
  • "The Effects of a 36 Percent APR Cap on Borrowers Who Use Small Dollar Loans." American Legislative Economic Council Conference, American Legislative Economic Council , Indianapolis, IN. 2016
  • "Toldays Effects of a 36 Percent APR Cap." Joint State Government Affairs and Legal Issues Forum, NACCA / AFSA, Minneapolis, MS. 2016
  • "Recent Research on the Economics of Consumer Credit and its Regulation." Sixth Annual Public Policy Institute of Financial Services Regulation, Law and Economics Center, Antonin Scalia Law School, George Mason University, Arlington, VA. 2016
  • "Reflections on the 100th Anniversary of the Uniform Small Loan Law." Sixth Annual Public Policy Institute on Financial Services Regulation, Law and Economics Center, Antonin Scalia Law School, George Mason Law School, Arlington, VA. 2016
  • "Free Markets Lessons From the Small Dollar Loan Space." On the Horizon, nonPrime 101, Clarity Services, Tampa, FL. 2016
  • "The Small Dollar Loan Landscape." Financial Markets Regulation Symposium, Institute for Humane Studies, George Mason University, San Francisco, CA. 2016
  • "Access to Being a Leader." Tower Loan University, First Tower, Starkville, MS. 2016
  • "The Small Dollar Loan Landscape." Financial Markets Regulation, Institute for Humane Studies and Mercatus Center at George Mason University, San Francisco, CA. 2016
  • "Is 36% APR Truly Effective Legislation?." National Black Caucus of State Legislators, National Installment Lending Association, Los Angeles, CA. 2015
  • "Leadership." Tower Loan Leadership Summit, First Tower , Jackson, MS. 2015
  • "Small Dollar Loan Landscape." Mercatus Center Lecture Series, Mercatus Center at George Mason University, Arlington, VA. 2015
  • "Bias: Words and Worldviews Matter." National Organization of Black Elected Legislators, National Installment Lending Association, San Diego, CA. 2015
  • "Small Dollar Loans." Guest Speaker, ECON 3513, Mississippi State University, , Starkville, MS. 2014
  • "Interest Rate Caps." Luncheon for U.S. Congressional Staff Members and Senate Banking Committee Staff Members, Mercatus Center, Washington, DC. 2014
  • "The Future of Small Dollar Credit." 16TH AFSA State Government Affairs and Legal Issues Forum, American Financial Services Association, Albuquerque, NM. 2014
  • "Two Presentations: Bias; How to Make a Presentation." Tower Loan University, Tower Loan, Starkville, MS. 2014
  • "Consumer Credit Options:Comparing Payday Loans and Installment Loans." National Caucus of Black State Legislators, National Installment Lenders Association, Memphis, TN. 2013
  • "The Differences Between an Installment Loan and a Payday Loan." Symposium on Faith and Economic Empowerment , National Baptist Convention USA, St. Louis, MO. 2013
  • "Two Presentations: Bias; How to Make a Presentation." Tower Loan University, Tower Loan, Starkville, MS. 2012

Oral Presentation

  • "Panel Discussion." (Re)Defining Consumer Protection in American, Consumer's Research, U.S. Capitol Visitor Center. 2018
  • "Issues Along the Small-Dollar Loan Landscape." Annual Meeting, Southern Finance Association, Asheville, NC. 2018
  • "Some Information on the Non-bank Supplied Small Dollar Loan Landscape." United States Department of the Treasury, United States Department of the Treasury, Washington, D.C.. 2018
  • "A Natural Experiment to Measure the Effects of a Binding Interest Rate Cap." Southern Finance Association, Southern Finance Association, Key West, FL. 2017
  • "Careers in Finance." Municipal Forum of New York's Urban Leadership Fellows, Municipal Forum of New York's Urban Leadership Fellows, Washington, DC. 2017
  • "The Effects on Consumers from State-Imposed Regulations on the Payday Loan Market ." APEE, APEE, Maui, HI. 2017
  • "Careers in Finance." Municipal Forum of New York's Urban Leadership Fellows, Municipal Forum of New York's Urban Leadership Fellows, Washington, DC. 2016
  • "The Current Regulatory Environment." National Installment Lenders Association Conference, National Installment Lenders Association, Washington, DC. 2016
  • "The Harmful Nature of a 36% Interest Rate Cap." Staffers, Senator Thad Cochran's Office, Mercatus Center, Senate Office Building, Washington, DC. 2015

Other

  • "Financing Innovation and Economic Growth." Financing the Future: The Role of Financial System in Fostering Economic Growth , Mercatus Center, Washington DC. 2015

Paper

  • "A Review of Current Studies and Some Remaining Research Questions in Four Small-Dollar Credit Markets." Consumer Protection Economics Symposium, Federal Trade Commission, Washington, D.C.. 2018
  • "International evidence on the impact of macroprudential policies on systemic risk ." Southern Finance Association Meeting, SFA, Asheville, NC. 2018
  • "International evidence on the impact of macroprudential policies on systemic risk ." Financial Management Association, FMA, San Diego, CA. 2018
  • "Some Consequences of the Binding Interest Rate Cap in the State of Arkansas." Consumer Credit Symposium, Mississippi State University, Starkville, MS. 2016
  • "The Consequences of the Constitutional Interest Rate Cap in the State of Arkansas." Cato Institute, Washington DC, Cato Institute, Washington, DC. 2015
  • "Consumer Credit Choices for Banked and Unbanked Mississippians." Eleventh Annual Symposium of the Journal of Law, Economics, and Policy: A Symposium on Consumer Credit and the American Economy, Law and Economics Center, George Mason University, Arlington, VA. 2014
  • "The Performance of Options-Based Investment Strategies: Evidence for Individual Stocks During 2003-2013." Louisiana State University, Department of Finance, , Louisiana State University. 2014
  • "The Consequences of the Constitutional Interest Rate Cap in the State of Arkansas." Mercatus Center Seminar Series, Mercatus Center, Arlington, VA. 2014
  • "The Effects of Public versus Private Ownership on Foreclosure Liquidation." AREUEA National Conference, American Real Estate and Urban Economics Association, Washington, DC. 2014
  • "The Effects of Public versus Private Ownership on Forclosure Liquidation." Mercatus Center Seminar Series, Mercatus Center, Arlington, VA. 2014
  • "The Consequences of the Constitutional Interest Rate Cap in the State of Arkansas." APEE Annual Mieeting, Association of Private Enterprise Education, Las Vegas, NV. 2014
  • "A Survey of Mississippians Regarding Some Aspects of Consumer Credit." Annual Meeting, The Association of Private Enterprise Education, Maui. 2013
  • "Separating Portfolio Performance into Opportunity, Foresight, and Active Management Risk." Department of Agricultural Economics, Mississippi State University, Mississippi State, MS. 2011
  • "The Performance of Value Line Option Recommendations." Department of Finance, University of Notre Dame, South Bend, Indiana. 2009
  • "Measuring the Effects of Foresight, Commitment, and Opportunity on Portfolio Performance." Department of Finance, University of Louisville, Louisville, KY. 2009
  • "Measuring the Effects of Foresight, Commitment, and Opportunity on Portfolio Performance." Department of Finance, University of Mississippi, Oxford, MS. 2009
  • "The Effects of Foresight and Commitment on Portfolio Performance." Department of Finance and Economics, Mississippi State University, Mississippi State, MS. 2008

Short Course

  • "Financial Economics." Twelfth Annual Meeting of the American College of Business Court Judges, Law and Economics Center, George Mason University, Atlanta, GA. 2016