Richard T. Baillie, the A.J. Pasant Endowed Chair of Finance and Economics, has been selected to receive a 2009 Michigan State University Distinguished Faculty Award. He was recently recognized for his "outstanding total service to the university" at the annual MSU Awards Convocation.

He was selected to receive the honor based on his lifetime academic accomplishments, particularly in the research arena. A world-renowned economics and finance scholar, Baillie was recommended for the award by Broad School Associate Dean of Academic Affairs and Research G. Geoffrey Booth and Economics Chair Carl Davidson.

"Richard travels extensively to present his research, and he works tirelessly with doctoral students, chairing many dissertations," says Booth.

Baillie’s research interests include modeling volatility in financial markets, non linear and long memory time series models, price discovery and the effects of central bank intervention in currency markets. He received his Ph.D. from the London School of Economics and is an elected Fellow of the American Statistical Association and the Journal of Econometrics. He is also a long-time editor of the Journal of Empirical Finance. He teaches empirical methods in finance, international finance and various econometrics courses, and he has been recognized by the Econometrics Hall of Fame as one of the most heavily cited econometricians.