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Professor Douglas W. Diamond, the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business, will be appointed as the Monetary Authority of Singapore (MAS) Term Professor in Economics and Finance1 from 6 to 20 September 2013. He will be hosted by the National University of Singapore (NUS) Business School, where he will advise faculty members and students on their research, work on joint research papers with faculty members, and speak at seminars and research workshops.
2 Professor Diamond is also a former president of the American Finance Association and Western Finance Association, as well as a fellow of the Econometric Society, the American Academy of Arts and Sciences, and the American Finance Association. In addition, he is a research associate at the National Bureau of Economic Research and a visiting scholar at the Federal Reserve Bank of Richmond.
3 A pioneering researcher in finance, Professor Diamond has written extensively on financial crises, financial intermediaries and liquidity. He is known for the Diamond-Dybvig model of bank runs, which shows why a financial institution with long-maturity assets and short-maturity liabilities could be unstable.
4 “We are honoured to welcome Professor Douglas W. Diamond to NUS Business School. He is an internationally-renowned finance expert and has held leading positions in various research organisations. We expect our faculty members and students to benefit immensely from his perspectives and look forward to the exchange of knowledge over the next two weeks,” said Professor Bernard Yeung, Dean and Stephen Riady Distinguished Professor, NUS Business School.
5 Ms Jacqueline Loh, Deputy Managing Director, MAS, added: "Professor Diamond’s work has provided a firm foundation for understanding how vulnerabilities arise in the financial system and the means to tackle them. His recent work is very pertinent to the post-Crisis world, and we are very pleased to have him join us as the seventh MAS Term Professor."
6 Professor Diamond will deliver a public lecture at the NUS Business School on 12 September 2013 entitled “Short-term debt and financial regulation”, which will examine how new regulatory frameworks can mitigate the risks of financial crises without destroying access to funding.
About National University of Singapore (NUS)
A leading global university centred in Asia, the National University of Singapore (NUS) is Singapore’s flagship university which offers a global approach to education and research, with a focus on Asian perspectives and expertise.
NUS has 16 faculties and schools across three campuses. Its transformative education includes a broad-based curriculum underscored by multi-disciplinary courses and cross-faculty enrichment. Over 37,000 students from 100 countries enrich the community with their diverse social and cultural perspectives.
NUS has three Research Centres of Excellence (RCE) and 23 university-level research institutes and centres. It is also a partner in Singapore’s 5th RCE. NUS shares a close affiliation with 16 national-level research institutes and centres. Research activities are strategic and robust, and NUS is well-known for its research strengths in engineering, life sciences and biomedicine, social sciences and natural sciences. It also strives to create a supportive and innovative environment to promote creative enterprise within its community.
For more information, please visit www.nus.edu.sg
