The Monetary Authority of Singapore (MAS) Term Professorship in Economics and Finance at NUS, which has been awarded to seven distinguished scholars over the last five years, will receive funding support from MAS for a further five years, starting from 1 April 2014.
Thanking MAS for the sponsorship extension, Professor Tan Eng Chye, NUS Deputy President (Academic Affairs) and Provost, said: “Over the last five years, NUS faculty and students have benefitted greatly from the MAS Term Professorship in Economics and Finance. The programme has attracted top-calibre scholars from around the world to teach and conduct research here. These collaborative activities in research and education have significantly strengthened the University’s expertise in finance and economics and raised our international reputation in these fields.”
“We will build on the programme’s success to further develop, and facilitate the transfer of, cutting-edge knowledge in applied economics and finance that would be of relevance to the industry and policy,” Prof Tan added.
MAS’ Deputy Managing Director, Ms Jacqueline Loh, noted that by attracting world-class researchers to Singapore, the Professorship has helped to establish stronger ties between academia, industry and the public sector.
She said: “A vibrant research ecosystem supports better-informed decision-making by policymakers and market participants, and we see it as an integral element of the financial sector landscape. We look forward to working with NUS to ensure the continued success of the professorship.”
The MAS Term Professorship appoints distinguished scholars as Visiting Professors at both the NUS Business School and the Department of Economics at the Faculty of Arts and Social Sciences.
The first professorship was awarded in 2010 to Barry Eichengreen, the George C Pardee and Helen N Pardee Professor of Economics and Professor of Political Science at the University of California, Berkeley.
The six other MAS Term Professors were Nobel Laureate A Michael Spence, William R Berkley Professor in Economics and Business, New York University; Michael J Brennan, Emeritus Professor of Finance, University of California, Los Angeles; Randall Morck, Stephen A Jarislowsky Distinguished Chair in Finance and University Professor, University of Alberta; Benjamin M Friedman, William Joseph Maier Professor of Political Economy, Harvard University; Darrel Duffie, Dean Witter Distinguished Professor of Finance, Stanford University; and Douglas W Diamond, the Merton H Miller Distinguished Service Professor of Finance, University of Chicago.
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This article was first published on 26 March 2014 in NUS News at http://news.nus.edu.sg/highlights/7499-monetary-authority-of-singapore-extends-support-for-term-professorship-at-nus