Singapore, 2 January 2025… The National University of Singapore (NUS) and the Monetary Authority of Singapore (MAS) have jointly appointed Professor Atif Mian as the MAS Distinguished Term Professor in Economics and Finance from 2 to 17 January 2025. Professor Mian will be hosted by NUS Business School’s Department of Real Estate and the Economic Policy Group of MAS during the term of the Professorship.
Professor Mian is the John H. Laporte, Jr. Class of 1967 Professor of Economics, Public Policy, and Finance at Princeton University. He co-founded the Center for Economic Research in Pakistan and is currently the Director of the Julis-Rabinowitz Center for Public Policy and Finance at the Princeton School of Public and International Affairs.
3 Professor Mian’s research emphasises the role of leverage, credit cycles and financial fragility in driving macroeconomic outcomes. His research explores how household debt contributes to economic recessions and how inequality can affect the long-term sustainability of economic growth. He is the co-author of House of Debt, an influential book demonstrating how excessive borrowing pre-Global Financial Crisis (GFC) led to prolonged economic stagnation post-GFC.
4 Professor Andrew Kenan Rose, Dean of NUS Business School, said, “Professor Atif Mian is an esteemed figure in economics and finance who has produced influential research in a number of areas. I look forward to his visit, and am sure that many of our faculty and students will benefit from interactions with him.”
5 Mr Edward Robinson, Deputy Managing Director (Economic Policy) and Chief Economist, MAS, said, “Professor Mian is an internationally renowned economist whose work has significantly contributed to our understanding of how excessive debt can increase the likelihood of recessions and dampen long-term economic growth. His research has important implications for key aspects of financial stability in Singapore. It is our great privilege to welcome him as the 23rd MAS Term Professor, and we look forward to learning from such a distinguished scholar.”
6 Professor Mian will deliver a public lecture at NUS on 14 January 2025, where he will speak on the effects of inequality on financialisation, debt-dependence, and a debt super-cycle. In addition, Professor Mian will engage in dialogue sessions with NUS faculty members to discuss his latest research findings.
7 Professor Mian will also give a talk at MAS, and engage with senior policymakers and economists on international finance and monetary policy issues.
About the MAS Term Professorship in Economics and Finance
First established in 2009, the MAS Term Professorship in Economics and Finance is awarded to distinguished scholars, who are appointed as Visiting Professors at the Department of Economics at the NUS Faculty of Arts and Social Sciences, the NUS Business School, or the Lee Kuan Yew School of Public Policy. It aims to strengthen Singapore’s financial and economics research infrastructure and contribute to a vibrant research community and culture at local universities. Since its inception, the MAS Term Professorship in Economics and Finance has been awarded to 23 distinguished scholars over the last 15 years. On 4 December 2024, MAS reaffirmed its partnership with NUS by extending the scheme for another five years.
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About National University of Singapore (NUS)
The National University of Singapore (NUS) is Singapore’s flagship university, which offers a global approach to education, research and entrepreneurship, with a focus on Asian perspectives and expertise. We have 16 colleges, faculties and schools across three campuses in Singapore, with more than 40,000 students from 100 countries enriching our vibrant and diverse campus community. We have also established more than 20 NUS Overseas Colleges entrepreneurial hubs around the world.
Our multidisciplinary and real-world approach to education, research and entrepreneurship enables us to work closely with industry, governments and academia to address crucial and complex issues relevant to Asia and the world. Researchers in our faculties, research centres of excellence, corporate labs and more than 30 university-level research institutes focus on themes that include energy; environmental and urban sustainability; treatment and prevention of diseases; active ageing; advanced materials; risk management and resilience of financial systems; Asian studies; and Smart Nation capabilities such as artificial intelligence, data science, operations research and cybersecurity.
For more information on NUS, please visit nus.edu.sg .
About Monetary Authority of Singapore
As Singapore’s central bank, the Monetary Authority of Singapore (MAS) promotes sustained, non-inflationary economic growth through appropriate monetary policy formulation and close macroeconomic surveillance of emerging trends and potential vulnerabilities. It manages Singapore’s exchange rate, foreign reserves and liquidity in the banking sector. MAS is also an integrated supervisor overseeing all financial institutions in Singapore — banks, insurers, capital market intermediaries, financial advisors, and financial market infrastructures. Being an integrated supervisor allows MAS to adopt a consistent and progressive regulatory and supervisory approach and framework, thereby ensuring a level playing field across all market segments, sectors and activities. With its mandate to foster a sound and progressive financial services sector in Singapore, MAS also helps shape Singapore’s financial industry by promoting a strong corporate governance framework and close adherence to international accounting standards. In addition, it spearheads retail investor education. MAS ensures that Singapore’s financial industry remains vibrant, dynamic and competitive by working closely with other government agencies and financial institutions to develop and promote Singapore as a regional and international financial centre.
For more information, please visit www.mas.gov.sg .
Sorry, not new News, but still interesting. (as I am a fan of Atif Mian)…