AU-milken

6/10/99

Bob Lowry

AUBURN'S BARTH TO BE SENIOR FELLOW AT MILKEN INSTITUTE

AUBURN -- James Barth, the Lowder Eminent Scholar in Finance at Auburn University, will be a senior fellow for the second consecutive year at the Milken Institute in Santa Monica, Calif.

Barth will conduct research on international financial systems from mid-June through mid- November. During his summer 1998 stint at the institute, he worked on the structure and regulation of global banking and capital markets.

While he's in California, Barth will continue to teach in AU's Executive MBA Program.

The Milken Institute's senior staff comes from a variety of university and practical backgrounds. The Institute hosts affiliated scholars on a visiting and long-term basis.

Barth joined the Auburn College of Business faculty in 1990 after serving as chief economist of the Office of Thrift Supervision. He was also previously the chief economist of the Federal Home Loan Bank Board.

Barth is the author of The Great Savings and Loan Debacle and co-wrote The Future of American Banking and The Reform of Federal Deposit Insurance.

The Milken Institute is a non-profit economic think-tank that focuses on research in the global economy, capital markets and financial institutions, the role of education and human capital and regional economics and demographics

Michael Milken is the founder and chairman of the Milken Institute. He is also the co- founder of the Milken Family Foundation and the founder and chairman of CaP CURE, an organization dedicated to finding a cure for prostate cancer and the world's largest private source of funding for prostate cancer research

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june99:AU-milken

CONTACT: Barth, 334/844-2469 (jbarth@milken-inst.org or jbarth@business.auburn.edu)