Media Releases
Published Date: 22 May 2015

Distinguished Macroeconomist Andrew Rose Appointed MAS Term Professor at NUS Business School

Monetary Authority of Singapore                            National University of Singapore

22 May 2015, Singapore…The National University of Singapore (NUS) and the Monetary Authority of Singapore (MAS) have jointly appointed distinguished macroeconomist, Professor Andrew Rose, as the MAS Term Professor in Economics and Finance for a period of two months from 25 May 2015. Professor Rose, who is the B.T. Rocca Jr. Professor of International Business at the Haas School of Business at the University of California, Berkeley, will be hosted by NUS Business School during the term of the Professorship. 

2   Professor Rose is a world renowned scholar in international finance, macroeconomics, and trade. He is a prolific researcher with more than 160 academic publications in top economic and finance journals. Professor Rose was also the founding director of the Haas Clausen Center for International Business and Policy, and NUS Risk Management Institute. In addition, he has consulted with the International Monetary Fund, World Bank, Asian Development Bank, Bank of Japan, and the Monetary Authority of Singapore.

3   “We are excited to welcome Professor Rose back to NUS Business School. His generous guidance and deep insights into monetary policy, systemic risks, and capital markets have helped us stay at the forefront of related research. We are honoured that Professor Rose has accepted this appointment.  We look forward to very fruitful and enjoyable collaborations," said Professor Bernard Yeung, Dean and Stephen Riady Distinguished Professor of NUS Business School.

4   Mr Edward Robinson, Assistant Managing Director (Economic Policy) and Chief Economist at MAS, said: “Professor Rose is an outstanding academic, whose research has provided many insights on the theory and practice of international finance and macroeconomic policy.  His work on trade, currency unions, and monetary regimes, in particular, has opened up new strands of research and generated significant interest among central banks and policy institutions. We have benefitted tremendously from Andrew’s insights in his previous visits to Singapore and the MAS, and are pleased that he has been appointed as the MAS Term Professor. It is certainly a great opportunity and a wonderful privilege to engage such a distinguished researcher and excellent teacher, and we look forward to interacting with him again.”

5   Professor Rose will deliver a public lecture at NUS Business School on 11 June 2015 titled “Domestic Bond Markets and Inflation”, during which he will share his insights on the relationship between inflation and domestic bond markets. He will also meet with faculty members, advise students on their research, and share his latest scholarly findings at seminars and workshops. At the MAS, he will engage senior policymakers, economists and analysts, on recent developments in international macroeconomics and finance. Professor Rose will also participate actively in the Annual Conference of the Asian Bureau of Finance and Economic Research (ABFER), including being the moderator of the keynote address to be delivered by Professor Reinhart Carmen of the Harvard Kennedy School during the joint ABFER and AMPF (Asian Monetary Policy Forum) dinner on 28 May 2015.   

6   First established in 2009, the MAS Term Professorship in Economics and Finance is awarded to distinguished scholars, who are appointed as Visiting Professors at both NUS Business School and the Department of Economics in the NUS Faculty of Arts and Social Sciences. It aims to strengthen Singapore’s financial and economic research infrastructure and contribute to a vibrant research community and culture at local universities.

7   The MAS Term Professorship in Economics and Finance has been awarded to nine distinguished scholars over the last six years.

About National University of Singapore (NUS)

A leading global university centred in Asia, the National University of Singapore (NUS) is Singapore’s flagship university, which offers a global approach to education and research, with a focus on Asian perspectives and expertise.
NUS has 16 faculties and schools across three campuses. Its transformative education includes a broad-based curriculum underscored by multi-disciplinary courses and cross-faculty enrichment. Over 37,000 students from 100 countries enrich the community with their diverse social and cultural perspectives.
NUS has three Research Centres of Excellence (RCE) and 26 university-level research institutes and centres. It is also a partner in Singapore’s fifth RCE. NUS shares a close affiliation with 16 national-level research institutes and centres. Research activities are strategic and robust, and NUS is well-known for its research strengths in engineering, life sciences and biomedicine, social sciences and natural sciences. It also strives to create a supportive and innovative environment to promote creative enterprise within its community.  
This year, NUS celebrates its 110th year of founding together with Singapore’s 50th year of independence. As the island’s first higher education institution established by the local community, NUS prides itself in nurturing generations of leaders and luminaries in Singapore and Asia.

For more information on NUS, please visit . Details on NUS’ 110th Anniversary celebrations are available at

About NUS Business School

The National University of Singapore (NUS) Business School is known for providing management thought leadership from an Asian perspective, enabling its students and corporate partners to leverage global knowledge and Asian insights.
The school has consistently received top rankings in the Asia-Pacific region by independent publications and agencies, such as The Financial Times, Economist Intelligence Unit, and QS Top MBA, in recognition of the quality of its programmes, faculty research and graduates. In the Financial Times Global Rankings, the NUS MBA is ranked 31st, while the NUS-UCLA Executive MBA and Asia-Pacific Executive MBA are ranked 4th and 18th respectively.
In the biannual Forbes rankings for two-year MBA programmes, NUS Business School was ranked top in Singapore and Asia in 2013, and second among business schools outside the United States. Quacquarelli Symonds (QS) has also ranked the school 12th in the world for accounting and finance.
The school is accredited by AACSB International (Association to Advance Collegiate Schools of Business) and EQUIS (European Quality Improvement System), endorsements that the school has met the highest standards for business education. The school is also a member of the GMAC Council, Executive MBA Council, Partnership in Management (PIM) and CEMS (Community of European Management Schools).
For more information, please visit, or go to the Think Business portal which showcases the School’s research (

About Monetary Authority of Singapore

As Singapore's central bank, the Monetary Authority of Singapore (MAS) promotes sustained, non-inflationary economic growth through appropriate monetary policy formulation and close macroeconomic surveillance of emerging trends and potential vulnerabilities. It manages Singapore's exchange rate, foreign reserves and liquidity in the banking sector. MAS is also an integrated supervisor overseeing all financial institutions in Singapore -- banks, insurers, capital market intermediaries, financial advisors, and the stock exchange. Being an integrated supervisor allows the MAS to adopt a consistent and progressive regulatory and supervisory approach and framework, thereby ensuring a level playing field across all market segments, sectors and activities. With its mandate to foster a sound and progressive financial services sector in Singapore, MAS also helps shape Singapore's financial industry by promoting a strong corporate governance framework and close adherence to international accounting standards. In addition, it spearheads retail investor education. MAS ensures that Singapore's financial industry remains vibrant, dynamic and competitive by working closely with other government agencies and financial institutions to develop and promote Singapore as a regional and international financial centre. For more information, please visit