The New York University Bookstore will host author Richard Grossman and Richard Sylla, a professor at NYU’s Stern School of Business, for a discussion on the evolution of banking on Thursday, March 10, 6:30 p.m. at its 726 Broadway location (between Astor Place & Washington Place).
In his recently released Unsettled Account: The Evolution of Banking in the Industrialized World Since 1800, Grossman reveals that many of the same components underlying the history of banking evolution are at work today. The recent subprime mortgage crisis had its origins, like many earlier banking crises, in a boom-bust economic cycle. Grossman finds that important historical elements are also at play in modern bailouts, merger movements, and regulatory reforms.
Sylla is the Henry Kaufman Professor of the History of Financial Institutions and Markets and a professor of economics, entrepreneurship, and innovation at the Stern School of Business. His primary areas of research include historical studies of money, banking, and finance. He is the author of several books, including The American Capital Market and A History of Interest Rates.
The event is free and open to the public. Admission is on a first-come, first-served basis. For more information, call 212.998.4667 or go to www.bookstores.nyu.edu. Subways: N, R (8th Street); 6 (Astor Place).
Reporters interested in attending must RSVP to James Devitt, NYU’s Office of Public Affairs, at 212.998.6808 or email@example.com.