Veronica Warnock

Ph.D. in Economics, Fordham University;
A.B. in Economics, Ateneo de Manila University

Assistant Professor

Veronica Cacdac Warnock teaches PLAN 541 – Economics and the Built Environment in the spring semester.

Veronica is also Batten Fellow at the Batten Institute at Darden Business School, where she co-teaches a graduate research seminar called "Markets in Human Hope."

At the core of Veronica’s research is development and equity with a current focus on expanding access to finance and financial sector development. She is working on a credit assessment system for housing microlenders in South Africa—partly funded by the Bill and Melinda Gates Foundation, in partnership with DIG and FinMark Trust. She is also studying local bond markets around the world in conjunction with a World Bank/IFC initiative.

As a research fellow at the Hong Kong Institute of Monetary Research, she recently conducted a cross-country study of housing finance systems, forthcoming in the Journal of Housing Economics. This work has been presented at the following:

Hong Kong Monetary Authority (January 2007),
South African Reserve Bank (June 2007),
Bangko Sentral ng Pilipinas (November 2007),
Nykredit Symposium on Housing, Mortgage and Portfolio Choice
at Copenhagen Business School (September 2007),
IIIS at Trinity College in Dublin (October 2007), and
University of the Philippines, School of Economics (November 2007).

Previously, Veronica was Senior Economist and Director at Mortgage Bankers Association in Washington, DC and was Research Associate at Haver Analytics, Inc in New York City. She also taught economics at Colegio San Agustin.

She is Principal of CW Economics Group, LLC. She is an adviser to ecoMOD—a multiyear design/build/evaluate project that produces ecological, affordable, and modular single-family homes.

Areas of expertise and interest:
o Urban Economics
o Affordable Housing
o Housing and Housing Finance
o Financial Sector Development in Emerging Market Economies

Research and publication activities considered most significant or timely:
o Housing Microfinance
o National Housing Finance Systems
o International Capital Flows and U.S. Interest Rates