James Barth, the University’s Lowder Eminent Scholar in Finance in the Raymond J. Harbert College of Business, will testify Monday, Dec. 21 before the country of Georgia’s Constitutional Court about changes to the country’s central banking system, according to a University press release.
The Georgian Parliament recently passed legislation removing financial supervision from Georgia’s central bank, National Bank of Georgia. The legislation also created a new Financial Supervision Agency.
"Barth will address whether the National Bank of Georgia will have the ability to independently conduct monetary policy and continue to support the stable functioning of the financial sector, while important financial stability tools are shifted to the new federal agency," the press release reads.
Barth's research focuses on domestic and global financial institutions and capital markets, with special emphasis on regulatory issues. Barth was an appointee of Presidents Ronald Reagan and George H.W. Bush and served as chief economist of the Federal Home Loan Bank Board and the Office of Thrift Supervision, according to the release.
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