Draft:JK Cetina
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Marcia L Stigum, 1934-2003
Dr. Stigum was an acknowledged expert on US money markets, interest rates and banking. She was particularly well recognized in the 1970s and 1980s. Dr. Stigum was a student of Dr. Morris Albert Adelman at MIT and received her PhD in economics from MIT. She taught economics and finance at several universities, including the Graduate School of Business at Northwestern and Yale University.
Dr. Stigum published fourteen major works, including 9 highly cited publications.https://www.semanticscholar.org/author/Marcia-L.-Stigum/94742784 Her most famous work was Stigum's Money Market (1978) which at the time was hailed as a landmark work by the Wall Street Journal. This book was updated last in 2007 by Anthony Crescenzi who is an Executive Vice President at PIMCO. In 2007, the Financial Times described her book on US money markets as "one of the best known books on the bond market" of all time.
She also was president of a New York-based capital markets consulting firm in New York, Stigum and Associates, Ltd. Dr. Stigum also consulted the Bermuda Monetary Authority on Intex, the world's first automated futures exchange.
Little survives on the Internet about Dr. Stigum -- making her something of a "hidden female figure" in US finance.
We do know from Dr. Stigum's obituary in the New York Times that in addition to her highly successful career, she was both a wife and mother. Her obituary states that she was survived by her two children, Tove and Eric, and that she was preceded in death by her husband, Allen Fox.
Further contributions to this page to recognize this incredible intellectual pioneer in analysis of money markets, fixed income, the Federal Reserve and bank treasury are most welcome.