Financial Markets and Institutions

About Frederic MishkinStanley Eakins

Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business Columbia University. From September 2006 to August 2008 he was a member (governor) of the Board of Governors of the Federal Reserve System. He is also a research associate at the National Bureau of Economic Research and past president of the Eastern Economics Association. Since receiving his PhD from the Massachusetts Institute of Technology in 1976 he has taught at the University of Chicago Northwestern University Princeton University and Columbia University. He has also received an honorary professorship from the Peoples (Renmin) University of China. From 1994 to 1997 he was executive vice president and director of research at the Federal Reserve Bank of New York and an associate economist of the Federal Open Market Committee of the Federal Reserve System. Mishkins research focuses on monetary policy and its impact on financial markets and the aggregate economy. He is the author of more than twenty books including Macroeconomics: Policy and Practice 2nd Edition (Pearson 2015); The Economics of Money Banking and Financial Markets 10th Edition (Pearson 2013); Monetary Policy Strategy (MIT Press 2007); The Next Great Globalization: How Disadvantaged Nations Can Harness Their Financial Systems to Get Rich (Princeton University Press 2006); Inflation Targeting: Lessons from the International Experience (Princeton University Press 1999); Money Interest Rates and Inflation (Edward Elgar 1993); and A Rational Expectations Approach to Macroeconometrics: Testing Policy Ineffectiveness and Efficient Markets Models (University of Chicago Press 1983). In addition he has published more than 200 articles in such journals as American Economic Review Journal of Political Economy Econometrica Quarterly Journal of Economics Journal of Finance Journal of Applied Econometrics Journal of Economic Perspectives and Journal of Money Credit and Banking. Professor Mishkin has served on the editorial board of the American Economic Review and has been an associate editor at the Journal of Business and Economic Statistics Journal of Applied Econometrics Journal of Economic Perspectives Journal of Money Credit and Banking and Journal of International Money and Finance. He also served as the editor of the Federal Reserve Bank of New Yorks Economic Policy Review. He is currently an associate editor (member of the editorial board) at five academic journals including International Finance; Finance India; Emerging Markets Finance and Trade; Review of Development Finance; and Borsa Economic Review. He has been a consultant to the Board of Governors of the Federal Reserve System the World Bank and the International Monetary Fund as well as to many central banks throughout the world. He was also a member of the International Advisory Board to the Financial Supervisory Service of South Korea and an adviser to the Institute for Monetary and Economic Research at the Bank of Korea. Mishkin has also served as a senior fellow at the Federal Deposit Insurance Corporations Center for Banking Research and as an academic consultant to and member of the Economic Advisory Panel of the Federal Reserve Bank of New York. Stanley G. Eakins has notable experience as a financial practitioner serving as vice president and comptroller at the First National Bank of Fairbanks and as a commercial and real estate loan officer. A founder of the Denali Title and Escrow Agency a title insurance company in Fairbanks Alaska he also ran the operations side of a bank and was the chief finance officer for a multimillion-dollar construction and development company. Professor Eakins received his PhD from Arizona State University. He is the Dean for the College of Business at East Carolina University. His research is focused primarily on the role of institutions in corporate control and how they influence investment practices. He is also interested in integrating multimedia tools into the learning environment and has received grants from East Carolina University in support of this work. A contributor to journals such as the Quarterly Journal of Business and Economics the Journal of Financial Research and the International Review of Financial Analysis Eakins is also the author of Corporate Finance Online (CFO) (Pearson 2014) a multimedia online text designed from the ground up for electronic delivery.