Top American scholar to give free lecture on world’s chronic banking crises

One of Stanford University’s most acclaimed teachers and the 2015 Reserve Bank Professorial Fellow in Monetary and Financial Economics—Professor Stephen Haber—will deliver a free public lecture at Victoria University of Wellington next week.

Professor Haber has been described as “one of Stanford’s most distinguished teachers” as he has been awarded every teaching prize offered at the American university currently ranked third in the world by Times Higher Education.

Professor Haber’s lecture Fragile by Design: The Political Origins of Banking Crises and Scarce Credit is based on the book by the same name he recently co-authored with Dr Charles Calomiris of Columbia Business School. 

In his lecture, Professor Haber will examine the history of banking around the world since the eighteenth century and demonstrate that chronic banking crises and scarce credit are not mere accidents.

Professor Haber will instead argue these fluctuations are a result of complex bargains that are designed to favour politically-important constituencies, which ultimately can expose society to higher levels of risk or limit access to credit.
His lecture is courtesy of Victoria University’s Professorial Fellowship in Monetary and Financial Economics programme, which was set up in 1994 as a joint initiative between the Reserve Bank of New Zealand and the University. Since 2004, the programme’s focus has widened to include financial stability issues.

When:
6-7pm, Thursday 26 November 2015 (reception from 5:30pm)
Where:
Lecture Theatre 1
Government Buildings
55 Lambton Quay
Wellington

RSVP: To attend this free public lecture, please RSVP to alelie.dumangcas@vuw.ac.nz with ‘Haber’ in the subject line or telephone 04 463 5233, ext 4055 by Monday 23 November.

Professor Stephen Haber
Stephen Haber is the A.A. and Jeanne Welch Milligan Professor in the School of Humanities and Sciences at Stanford University, where he is also a professor of political science, history and by courtesy, economics at Stanford. He is the Peter and Helen Bing Senior Fellow of Stanford’s Hoover Institution and a Senior Fellow of the Stanford Institute for Economic Policy Research. Professor Haber directs the Hoover Institution Working Group on Intellectual Property, Innovation and Prosperity.