The Impact of Banking Sector Distress on Lending and the Monetary Aggregates (Economics)

将对最近的银行业困境在信贷和货币总量放缓中所起的作用进行彻底的实证评估。这项研究涉及检查州和银行层面的横截面数据，包括1990年经济衰退正式季度之前、期间和之后的数据。这项研究的结果将对银行体系在经济中的作用产生重要影响，这反过来将对如何在不过度抑制银行的情况下最好地监管银行产生影响。此外，更好地了解银行业问题在货币增长乏力中所起的作用，将有助于揭示总量在货币政策过程中的适当作用。主办机构的互动活动包括：教授一至两节货币经济学硕士课程，参加每周的货币工作坊，与女研究生举行非正式午餐会，以及为本科生举办工作坊，鼓励她们投身经济学事业。该项目进一步推动了VPW计划的目标，即：(1)为妇女提供机会，在NSF资助的工程和科学学科中发展她们的职业生涯；(2)通过提高受雇于工业、政府和学术机构的女科学家和工程师的知名度，鼓励妇女追求科学和工程事业。通过鼓励妇女参与科学，这是对国家未来科学活力的宝贵投资。

A thorough empirical evaluation of the role that recent banking sector distress has played in the slowdown of the credit and money aggregates will be undertaken. The research involves examining cross-sectional data at the state and bank level, prior to, during, and after the official quarters of the 1990 recession. The results of this study will have important implications for the role of the banking system in the economy, which in turn will have implications for how best to regulate banks without unduly inhibiting them. In addition, a better understanding of the role that banking sector problems have played in the sluggish money growth will help to shed light on the appropriate role of the aggregates in the monetary policy process. Interactive activities at the host institution include: teaching one to two masters level classes in monetary economics, participating in the weekly monetary workshop, having informal lunch meetings with female graduate students, and conducting workshops for undergraduate women to encourage them to pursue careers in economics. This project furthers VPW program objectives which are (1) to provide opportunities for women to advance their careers in engineering and in the disciplines of science supported by NSF and (2) to encourage women to pursue careers in science and engineering by providing greater visibility for women scientists and engineers employed in industry, government, and academic institutions. By encouraging the participation of women in science, it is valuable investment in the Nation's future scientific vitality.