John Bonin, the Chester D. Hubbard Professor of Economics and Social Science, participated in the annual American Economic Association meetings in San Diego, Calif. from Jan. 3-6. He chaired two panel sessions and was a discussant for papers in two different sessions. Three generations of Wesleyan economists were present in the first morning session of the meetings: Bonin was the chair and Assistant Professor of Economics Melanie Khamis presented a joint paper with her student Romaine Campbell ’13 on informal employment in Jamaican firms. Campbell has completed his course work and is finishing his honors thesis to fulfill the requirements for his B.A. in economics.
Also in January, Bonin participated in the Mid-Year Fellows Workshop at Rutgers University. Bonin is a faculty mentor in the J. Robert Beyster Fellowship Program administered by the Rutgers School of Management and Labor Relations. At the workshop, Bonin discussed a paper by a Ph.D. candidate at the University of Wisconsin on authority structures and innovation with lessons drawn from the Mondragon cooperatives in Spain. Bonin is returning to an area of research to which he made contributions for a decade and a half spanning the 1980s.
John Bonin, the the Chester D. Hubbard Professor of Economics and Social Science.
In the midst of the banking crisis affecting the euro, John Bonin found himself in June offering banking advice to two countries that are members of the European Union, but have yet to join the monetary union linked by the euro.
Bonin, the Chester D. Hubbard Professor of Economics and Social Science, professor of economics, gave the keynote address during the Annual Conference of the European Association for Banking and Financial History on June 7. The event was co-sponsored by National Bank of Romania in Bucharest, Romania. The address was titled “Two Decades of Foreign Banking in Emerging Europe: the Devil is in the Details.”
Romania is not yet in the European Monetary Union but its entry has been discussed during the last few years. Still it is likely linked to the European economy and Bonin’s presentation focused on the role of the six large international European banks in the Central and East European economies.
“The banking sectors of these countries have basically been taken over by these foreign banks,” Bonin says. “I traced the role of these banks in the retail credit, including mortgage, booms in the pre-financial crisis period. I then examined the differential responses across countries to the financial crisis and linked this to the structure of their banking sectors.”
Bonin shared the stage with Mugur Isarescu, the Governor of the National Bank of Romania, drawing extensive coverage from the Romanian and European news media.
In March, John Bonin, the Chester D. Hubbard Professor of Economics and Social Science, was a discussant regarding two papers at a conference titled “China and the World Economy,” which was held at the University of Washington in Seattle. He also participated in the board meeting for the new journal China Economic Policy Review for which he serves as an associate editor.
In June, Bonin will delivering the keynote address at the European Association of Banking and Financial History Annual Conference co-sponsored by National Bank of Romania in Bucharest, Romania. His address will be titled “Two Decades of Foreign Banking in Emerging Europe: the Devil is in the Details”
John Bonin, the Chester D. Hubbard Professor of Economics, authored this year’s President’s Address for the Association of Comparative Economic Studies, “From Reputation amidst Uncertainty to Commitment under Stress: More than a Decade of Foreign-Owned Banking in Transition Economies.” The address appears in Comparative Economic Studies, Vol. 52, No. 4 pp. 465- 494, December 2010.
John Bonin, the Chester D. Hubbard Professor of Economics and Social Science, tutor in the College of Social Studies, delivered the keynote address titled “From Reputation Amidst Uncertainty to Commitment Under Stress: A Decade of Foreign-Owned Banking in Transitioning Economies” at the conference 20 Years
of Transition in Central and Eastern Europe: Money, Banking and Financial Markets at London Metropolitan University sponsored by the Center for International Capital Markets at London Metropolitan Business School on Sept. 18.
John Bonin, the Chester D. Hubbard Professor of Economics and Social Science, tutor in the College of Social Studies, is the author of two book reviews. The first review is of Malcolm Cook’s “ Banking in Southeast Asia: The Region’s Decisive Decade,” Pacific Affairs, Vol. 83, No. 3 (Fall) 2009, pp. 555 – 557.
The other review is of Janos Kornai’s “From Socialism to Capitalism: Eight Essays,” Journal of Economic Literature, Vol. XLVII, No. 3 (September) 2009, pp. 853 – 856. The journal is published by the American Economics Association.