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iROC: Counter Cyclical Monetary Policy and Stress Test

Nov 03

12:45 PM - 1:45 PM
DC Café

iROC: Counter Cyclical Monetary Policy and Stress Test

 iROC - InvestigatingResearch on Campus

Please be with us Thursday, November 3rd when AKM Rezaul Hossain, MSMC School of Business, presents Counter Cyclical Monetary Policy and Stress Test.

Banking business is essentially pro-cyclical. During economic expansions banks tend to lend more, which increases money supply in the economy and generates an inflationary pressure. During recessions, they withdraw money from the markets, which has the potential to intensify recessionary pressure. To reduce volatility in business cycles, monetary policy measures are designed to be counter-cyclical. During expansion, policy makers tend to tighten money supply and interest rate to stem inflationary pressure, while during recession, money supply is loosened to spur economic activity and reduce unemployment associated with economic downturns. Dr. Hossain will discuss that regulatory mechanism built into two federal measures cause the recession to be more pronounced and prolonged.

AKM Rezaul Hossain is an Associate Professor of Economics in MSMC's School of Business. His primary research areas include access to credit and discrimination in mortgage credit markets, risk management and regulation of financial institutions. His recent publications include Neighborhood Information Externalities and Provision of Mortgage Credit Branch Location Choice: Do Lenders Discriminate?

Counter Cyclical Monetary Policy and Stress Test will take place November 3rd at 12:45 p.m. in the DC Café of the Dominican Center. This event has been approved for College Connection FYE credit, but students at all levels are welcome. The event is free and open to the public. Light refreshments will be served. We hope to see you there!

For more information about this or any of the iROC presentations, or to volunteer as or recommend an iROC speaker, please contact the coordinators of the iROC program - Dr. Evan Merkhofer, Assistant Professor of Biology, 845-569-3368, evan.merkhofer@msmc.edu or Jen Park, Assistant Librarian for Access and Outreach Services, 845-569-3546, jen.park@msmc.edu.

Regular Hours - North Wing

The North Wing of Kaplan Library includes areas on the 1st and 2nd floors where books, journals, dvd's, and other materials are housed, including the Curriculum Materials Center.

SundayMarch 19, 20171:00 p.m.-2:00 a.m.
MondayMarch 20, 20177:30 a.m - 2:00 a.m.
TuesdayMarch 21, 20177:30 a.m. - 2:00 a.m.
WednesdayMarch 22, 20177:30 a.m. -2:00 a.m.
ThursdayMarch 23, 20177:30 a.m. - 2:00 a.m.
FridayMarch 24, 20177:30 a.m. - 7:00 p.m.
SaturdayMarch 25, 201710:00 a.m. - 6:00 p.m.
   
SundayMarch 26, 20171:00 p.m.- 12:00 a.m.
MondayMarch 27, 20177:30 a.m - 12:00 a.m.
TuesdayMarch 28, 20177:30 a.m. - 12:00 a.m.
WednesdayMarch 29, 20177:30 a.m. - 12:00 a.m.
ThursdayMarch 30, 20177:30 a.m. - 12:00 a.m.
FridayMarch 31, 20177:30 a.m. - 7:00 p.m.
SaturdayApril 1, 201710:00 a.m. - 6:00 p.m.

View the complete Spring Schedule.

After-Hours Access to Kaplan Library South Wing

Kaplan Library & Learning Center provides access to its South Wing after regular library hours and on days when the library is closed. Learn more...