The ‘Secret Sauce’? Understanding The Success of The State Bank Of North Dakota

The ‘Secret Sauce’? Understanding The Success of The State Bank Of North Dakota

Veranstalter
Institut für Bank- und Finanzgeschichte e.V. (IBF); Center for Financial Studies (CFS); House of Finance (HoF) (House of Finance)
Ausrichter
House of Finance
PLZ
60323
Ort
Frankfurt am Main
Land
Deutschland
Findet statt
In Präsenz
Vom - Bis
06.05.2024 -
Von
Felix Krieger, Institut für Bank- und Finanzgeschichte

6 May 2024, 5:00 p.m. - 6:30 p.m at the House of Finance, Frankfurt

The Institute for Banking and Financial History (IBF), the Center for Financial Studies (CFS) and the House of Finance (HoF) cordially invite you to attend a public lecture by Prof. Robert Chirinko (University of Illinois at Chicago) on the State Bank of North Dakota, the only state bank in the United States, with a successful history of more than 100 years.

The ‘Secret Sauce’? Understanding The Success of The State Bank Of North Dakota

On 6 May 2024, 5:00 p.m. - 6:30 p.m at the House of Finance, Frankfurt:

Interest in creating state banks in the United States has increased dramatically in recent years. Six states have recently introduced legislation to start a state bank. An important development in favor of a state bank is the long (100+ years) and impressive record of the only state bank in the United States, the Bank of North Dakota (BND).

To better understand BND’s success and the possibilities for a successful state bank in the United States, this lecture compares the financial performance of the BND to that of national commercial banks. Claims by the BND as to the sources of their success (low-cost deposits and lending acuity) are evaluated and rejected by the data. Other factors are identified that fully explain the BND’s abnormal profitability. There is no ‘secret sauce,’ and the BND does not provide support for a special role for a state bank.

Please note that a registration is required. The attendance is free of charge.
To register use the following link:
http://www.ibf-frankfurt.de/signup.php?code=ETJJ-4037-46

Programm

5:00 p.m. - 6:30 p.m:
Lecture by Prof. Robert Chirinko:

Professor in the Finance Department at the University of Illinois at Chicago

His research examines business behavior with a focus on capital formation, banking, financial markets, corporate governance and finance, macroeconomics, and tax policy. He received his Ph.D. from Northwestern University in 1982 and has held faculty positions at Cornell University (1982-1985) and the University of Chicago (1985-1992) and full-time visiting positions at Stanford University (1984-1985), the Federal Reserve Bank of Kansas City (1992-1993), and the University of Illinois at Urbana/Champaign (1993-1994). Prior to coming to the University of Illinois at Chicago, he was on the faculty of Emory University from 1994-2007, where he was the Winship Distinguished Research Professor in the Social Sciences. He is currently a professor in the Finance Department at the University of Illinois at Chicago, a research fellow at the Center for Economic Studies (Munich), and an affiliate and member of the Faculty Advisory Panel for the Government Finance Research Center (UIC).

Research support has been provided by the National Science Foundation, the Bank of Japan, the Booth School of Business (University of Chicago), Canadian Department of Finance, the Canadian Embassy, the Dutch National Bank, the East-West Center and The Korea Development Institute, the Einaudi Institute of Economics and Finance, the Federal Home Loan Bank Board, the Federal Reserve Bank of San Francisco, the German Bundesbank, the German Academic Exchange Service (DAAD), Industry Canada, the Joyce Foundation, the Kauffman Foundation/ Georgia Research Alliance, the Prudential Foundation, and the Upjohn Institute.

He has received the Outstanding Doctoral Dissertation Award (shared with L. Summers) from the National Tax Association and the James L. Barr Memorial Award in Public Economics and the Vernon Award, both from the Association for Public Policy Analysis and Management. He was a Houblon-Norman/George Senior Fellow at the Bank of England (2006), a Visiting Professor at the University of Munich (1992), a Visiting Scholar at the European University Institute (2008), a Visiting Professor (2012, 2015, 2017, 2019) and an honorary professor (2013-2017) at Deakin University, a DAAD Visiting Researcher at Goethe University (2013), a Visiting Professor at the Einaudi Institute of Economics and Finance (2014-2019, 2022-2024), a Visiting Researcher at the Booth School (2018), and a Visiting Scholar at the Bank of Japan (2020) and Osaka University (2024).

We are looking forward to welcoming you to our event!

To register use the following link:
http://www.ibf-frankfurt.de/signup.php?code=ETJJ-4037-46

https://www.ibf-frankfurt.de/
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Englisch
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