Walter Braddock Hickman (April 11, 1911 – November 28, 1970) was President of the Federal Reserve Bank of Cleveland from May 1, 1963, to November 28, 1970 (died in office).
Hickman became a member of the research staff and director of the Corporate Bond Research Project of the National Bureau of Economic Research and published three books on corporate finance. Hickman conducted some of the earliest and most complete studies of credit risk in corporate bond markets, most notably his 1958 book, Corporate bond quality investor experience.[1] These credit studies have been credited by Michael Milken for sparking his theories on junk bonds in the 1970s.
Hickman was supervisor of economic studies at the New York Life Insurance Company from 1953 to 1956, joining American Airlines as director of economic research in 1956. He was appointed senior vice president of the Federal Reserve Bank of Cleveland in 1960 and was named president in 1963. Hickman, who always retained a close interest in economic research, was appointed by U.S. President Richard Nixon to the National Commission on Federal Statistics in 1970.
Selected publicationsedit
Braddock Hickman, W (1950). "The Determinacy of Absolute Prices in Classical Economic Theory". Econometrica. 18 (1). The Econometric Society: 9–20. doi:10.2307/1907208. JSTOR 1907208.
Trends and cycles in corporate bond financing. New York: Ayer Publishing. 1952.
The volume of corporate bond financing since 1900. New York: Princeton University Press. 1953.
Corporate bond quality investor experience. New York: Princeton University Press. 1958.
Referencesedit
^Historical Default Rates of Corporate Bond Issuers, 1920 – 1996. Moody's Investors Services, 1997
Further readingedit
"W. Braddock Hickman Is Dead; Cleveland Reserve Bank Head". New York Times. 1970-11-30.
The Origins and Evolution of Credit Risk Management. Global Association of Risk Professionals, 2004
Grant, James. Money of the Mind. Rewriting Braddock Hickman, 1994
braddock, hickman, walter, braddock, hickman, april, 1911, november, 1970, president, federal, reserve, bank, cleveland, from, 1963, november, 1970, died, office, braddock, hickmanpresident, federal, reserve, bank, clevelandin, office, 1963, november, 1970prec. Walter Braddock Hickman April 11 1911 November 28 1970 was President of the Federal Reserve Bank of Cleveland from May 1 1963 to November 28 1970 died in office Braddock HickmanPresident of the Federal Reserve Bank of ClevelandIn office May 1 1963 November 28 1970Preceded byWilbur FultonSucceeded byWillis WinnPersonal detailsBornWalter Braddock Hickman 1911 04 11 April 11 1911Baltimore Maryland U S DiedNovember 28 1970 1970 11 28 aged 59 Cleveland Ohio U S EducationUniversity of Richmond BA Johns Hopkins University MA PhD Contents 1 Biography 2 Selected publications 3 References 4 Further reading 5 External linksBiography editA native of Baltimore Maryland Hickman graduated from the University of Richmond and earned his Ph D in economics from Johns Hopkins University in 1937 He was a member of the faculties of Princeton University Rutgers University and the Institute for Advanced Study During World War II he was a lieutenant in the U S Naval Reserve Hickman became a member of the research staff and director of the Corporate Bond Research Project of the National Bureau of Economic Research and published three books on corporate finance Hickman conducted some of the earliest and most complete studies of credit risk in corporate bond markets most notably his 1958 book Corporate bond quality investor experience 1 These credit studies have been credited by Michael Milken for sparking his theories on junk bonds in the 1970s Hickman was supervisor of economic studies at the New York Life Insurance Company from 1953 to 1956 joining American Airlines as director of economic research in 1956 He was appointed senior vice president of the Federal Reserve Bank of Cleveland in 1960 and was named president in 1963 Hickman who always retained a close interest in economic research was appointed by U S President Richard Nixon to the National Commission on Federal Statistics in 1970 Selected publications editBraddock Hickman W 1950 The Determinacy of Absolute Prices in Classical Economic Theory Econometrica 18 1 The Econometric Society 9 20 doi 10 2307 1907208 JSTOR 1907208 Trends and cycles in corporate bond financing New York Ayer Publishing 1952 The volume of corporate bond financing since 1900 New York Princeton University Press 1953 Corporate bond quality investor experience New York Princeton University Press 1958 References edit Historical Default Rates of Corporate Bond Issuers 1920 1996 Moody s Investors Services 1997Further reading edit W Braddock Hickman Is Dead Cleveland Reserve Bank Head New York Times 1970 11 30 The Origins and Evolution of Credit Risk Management Global Association of Risk Professionals 2004 Grant James Money of the Mind Rewriting Braddock Hickman 1994External links edithttp www clevelandfed org Statements and Speeches of W Braddock Hickman from 1964 to 1970Other officesPreceded byWilbur Fulton President of the Federal Reserve Bank of Cleveland1963 1970 Succeeded byWillis Winn Retrieved from https en wikipedia org w index php title W Braddock Hickman amp oldid 1165002542, wikipedia, wiki, book, books, library,
