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Singapore, 16 February 2026…The National University of Singapore (NUS) and the Monetary Authority of Singapore (MAS) have jointly appointed Professor Arvind Krishnamurthy as the MAS Distinguished Term Professor in Economics and Finance from 18 to 28 February 2026. Professor Krishnamurthy will be hosted by the NUS Business School’s Department of Real Estate and the Economic Policy Group of MAS during the term of the Professorship.
2 Professor Krishnamurthy is currently John S. Osterweis Professor of Finance at the Stanford Graduate School of Business, Research Associate at the National Bureau of Economic Research, the Stanford Institute for Economic Policy Research, and the Asian Bureau of Finance and Economic Research. He is a co-editor of the Journal of Finance – Insights & Perspectives and was formerly an associate editor at the Journal of Finance, as well as top journals in macroeconomics.
3 Professor Krishnamurthy is widely recognised for his work on finance, macroeconomics and monetary policy. He has studied the causes and consequences of banking crises in emerging markets and developed economies, and the role of government policy in stabilising crises. He has published numerous journal articles and received awards for his research, including the Smith Breeden Prize for best paper published in the Journal of Finance, and the Swiss Finance Institute’s Outstanding Paper Award.
4 Professor Andrew Kenan Rose, Dean of NUS Business School, said, “Professor Arvind Krishnamurthy abundantly satisfies the requirement of MAS Distinguished Term Professor; he is an eminent scholar working at the interface of finance and economics whose expertise extends across academic and policy spheres. His work is celebrated and his insights are keen and valued. We are delighted that he will be able to visit us, and am confident that our faculty and the broader Singapore academic community will benefit immensely from this engagement.”
5 Mr Edward Robinson, Deputy Managing Director (Economic Policy) and Chief Economist, MAS, said, “Professor Krishnamurthy is widely recognised for his research at the intersection of financial economics and monetary policy, including his work on the demand for and pricing of safe assets such as United States (U.S.) Treasury securities. His research has fundamentally shaped our understanding of how government debt pricing affects financial conditions and the broader economy. His recent work on the economic forces underlying reserve currency status has gained significant traction amongst scholars and policymakers, at a time of ongoing discussions about the future of the international monetary system. It is our great privilege to welcome him as the 25th MAS Term Professor.”
6 Professor Krishnamurthy will deliver a public lecture at NUS on 24 February 2026 titled, “Dollar Dominance”. In his lecture, he will discuss how the dollar’s central role in global finance, contracting, and trade shapes the financial structure and macroeconomic outcomes of both the U.S. and the rest of the world, and examine the historical forces that give rise to and sustain reserve currency. In addition, Professor Krishnamurthy will engage in dialogue sessions with NUS faculty members to discuss his latest research findings.
7 Professor Krishnamurthy will also give a talk at MAS and engage senior policymakers and economists on international economics, finance and monetary policy issues.
About the MAS Term Professorship in Economics and Finance
First established in 2009, the MAS Term Professorship in Economics and Finance is awarded to distinguished scholars, who are appointed as Visiting Professors at the Department of Economics at the NUS Faculty of Arts and Social Sciences, the NUS Business School, or the Lee Kuan Yew School of Public Policy. It aims to strengthen Singapore’s financial and economics research infrastructure and contribute to a vibrant research community and culture at local universities. Since its inception, the MAS Term Professorship in Economics and Finance has been awarded to 25 distinguished scholars over the last 15 years.
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About National University of Singapore (NUS)
The National University of Singapore (NUS) is Singapore’s flagship university, which offers a global approach to education, research and entrepreneurship, with a focus on Asian perspectives and expertise. We have 15 colleges, faculties and schools across three campuses in Singapore, with more than 40,000 students from 100 countries enriching our vibrant and diverse campus community. We have also established more than 20 NUS Overseas Colleges entrepreneurial hubs around the world.
Our multidisciplinary and real-world approach to education, research and entrepreneurship enables us to work closely with industry, governments and academia to address crucial and complex issues relevant to Asia and the world. Researchers in our faculties, research centres of excellence, corporate labs and more than 30 university-level research institutes focus on themes that include energy; environmental and urban sustainability; treatment and prevention of diseases; active ageing; advanced materials; risk management and resilience of financial systems; Asian studies; and Smart Nation capabilities such as artificial intelligence, data science, operations research and cybersecurity.
For more information on NUS, please visit nus.edu.sg .
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 financial market infrastructures. Being an integrated supervisor allows 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 www.mas.gov.sg .