Faculty Profile: Dr. Michael Mc Avoy, Assistant Professor of Economics
Dr. Michael Mc Avoy received his A.B. in Economics, M.A.S. in Accounting and Ph.D. in Economics from the University of Illinois at Urbana-Champaign. He joined the Division of Economics and Business at the SUNY College at Oneonta beginning in the fall semester of 2000 as Assistant Professor of Economics. Dr. Mc Avoy teaches courses in Principles of Macroeconomics, Financial Markets and Institutions, and Money and Banking.
Dr. Mc Avoy's doctoral work revealed aspects of behavior of a representative country National bank located in Bloomington, Illinois during the years 1867 and 1930, a formative period to our modern banking system. To write the history of the bank, he reviewed bank examiner reports located at the National Archives II in College Park, Maryland. Dr. Mc Avoy recorded bank balance sheets from the bank's original account books deposited at the University Archives at the University of Illinois at Urbana-Champaign and used econometric methods to study the risk-return characteristics of bankers' deposits and the impact of the introduction of the Fed on the behavior of the deposits, as well as the seasonal behavior of account balances and financial ratios.
In addition to his doctoral work, Dr. Mc Avoy's present research interests include the formation of the Federal Reserve System, domestic exchange rates prior to the formation of the Federal Reserve System, and bank failure during the 1920s. He seeks answers to how the locations of the Federal Reserve banks were selected, whether domestic exchange rates can reveal anything about capital market integration prior to 1914, and the inter-relationships between the Fed, the Office of the Comptroller of the Currency and individual National banks regarding the decision to close banks prior to the Great Depression.
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My curriculum vita