Background
Brown, Weir Messick was born on January 27, 1914 in Brighton, Illinois, United States. Son of Spencer Gilson and Nellie Rebecca (Messick) Brown.
(In a period in which anxiety over the health of the US ba...)
In a period in which anxiety over the health of the US banking system has often centred on secondary symptoms, this book directs attention back to the essence of commercial banking - the short-term loans to commercial and industrial firms. The principal focus is kept on the rate of interest applied to business loans and on how this rate presently differs in level and movement from its calmer behaviour in previous periods. Drawing on both empirical research and economic theory, the author explores the relationship between bank lending rates and other macroeconomic variables, evaluates the diverse forces that are thought to determine interest rates in this important sector, and identifies some implications for the Federal Reserve's conduct of monetary policy.
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Brown, Weir Messick was born on January 27, 1914 in Brighton, Illinois, United States. Son of Spencer Gilson and Nellie Rebecca (Messick) Brown.
Bachelor of Arts in Economics, Oberlin College, 1936. Master of Arts in Economics, Brown University, 1938. Doctor of Philosophy in Economics, Brown University, 1941.
Various economist positions, 1938-1948;
with, unites states department of the Treasury, Washington, 1948;
finance adviser United States Marshall Plan mission to the Netherlands, The Hague, the Netherlands, 1949-1951;
chief European division, unites states department of the Treasury, Washington, 1951-1952;
finance attache, Treasury representative, American Embassy, Bonn, Federal Republic Germany, 1952-1960;
from deputy chief to acting chief United States mission, Organisation for Economics Cooperation and Development, Paris, 1961-1974;
federal executive fellow, The Brookings Institute, Washington, 1974-1975;
inspector general for international finance, unites states department of the Treasury, Washington, 1975-1980;
private practice economics consultant, Washington, since 1981. Guest scholar The Brookings Institute, Washington, 1985-1991. Consultant Atlantic Council United States, Washington, 1977-1983, unites states department State, Washington, 1986.
Visiting professor economics department University of Illinois, Urbana, 1975.
(In a period in which anxiety over the health of the US ba...)
Member steering committee Friends of Music at Smithsonian, Washington, since 1982. Member board Friday Morning Music Club, Washington, 1984-1988. Lieutenant (junior grade) United States Naval Reserve, 1943-1946.
Member American Economics Association, National Economists Club, Cosmos Club.
Married Vivian Virginia Bauer, April 24, 1942 (deceased December 1981). Children: Suzan L. Meves, Peter D.G. Brown. Married Maxine Glad Stewart, June 4, 1983.