(MIDDLETOWN, CT) – Wesleyan University Economics Professor Richard S. Grossman was recently awarded a $60,000 grant from the National Science Foundation. The grant will fund a two-year pilot study focusing on the evolution of banking regulation in Germany during the past century and a half.
"Current research tends to focus on the consequences of banking regulation, rather than its causes," says Grossman. "Understanding the forces responsible for the adoption of various banking regulations will answer several questions with both academic and policy importance about the current--and future--state of banking and finance. Germany will provide a useful case study."
The grant will fund part of Grossman's research on the "Economics and Politics of Banking Regulation in the Industrialized World, 1850-2000." Grossman's current work examines a variety of factors, such as crises, bailouts and amalgamations movements that have affected the evolution of banking structure across industrialized countries (U.S., Canada, western Europe, Australia, Japan) over the last 150 years. The NSF grant will fund an examination of the role of banking law and regulation in German financial evolution.
Established in 1831, Wesleyan University is a coeducational, private university of the liberal arts and sciences. It serves approximately 2,700 undergraduates and 150 graduate students and offers a challenging academic environment promoting independent thought and action.
For more information, please contact Laura Perillo at 860-685-3813 or lperillo@wesleyan.edu
![[Wesleyan University]](http://www.wesleyan.edu/templates/utilities/navbar_2009/logo.gif "Wesleyan University front door"){kind=logo}
