Category Archives: Credit Risk

Precautionary Hoarding of Liquidity and Inter-Bank Markets: Evidence from the Sub-Prime Crisis

Posted on May 1, 2013 by Alanna Valdez

Viral Acharya, C.V. Starr Professor of Economics and Director of the NSE-NYU Stern Initiative on the Study of Indian Capital Markets, and his co-author, Ouarda Merrouche at The World Bank, studied the liquidity demand of large settlement banks in the … Continue reading →

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Lawrence White Op-Ed: Stop Mandating Reliance on Ratings

Posted on March 7, 2013 by Alanna Valdez

The following is an Op-Ed written by Lawrence White, NYU Stern Professor of Economics published online on the New York Times Opinion Pages.

The Justice Department’s suit against Standard & Poor’s is a fresh reminder of the large … Continue reading →

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Register Today! NYU Stern Conference: The Return of Private Capital to the Mortgage Market

Posted on February 25, 2013 by Alanna Valdez

The Center for Real Estate Finance Research (CREFR) and Marc H. Bell, General Partner of Barbican Capital invite you to Stern for a full-day conference on March 5th, 2013 on the future of the U.S. housing finance system. (This conference … Continue reading →

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Breaking the bank-sovereign nexus

Posted on February 19, 2013 by Alanna Valdez

The following Op-ed was written by Viral Acharya on livemint.com, “Breaking the bank-sovereign nexus: The ownership structure of India’s debt seems problematic from the view of financial and economic stability”

The unique feature of the global financial crisis that … Continue reading →

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Corporate Governance, Emerging Markets, State-Owned Banks: Thoughts from Viral Acharya

Posted on February 13, 2013 by Alanna Valdez

The following interview “Political Influence on State-Owned Enterprises: The True Obstacle to Private Sector Growth in Emerging Markets?” with Professor Viral Acharya was conducted by the Corporate Governance Forum.

The most interesting piece on corporate governance I read … Continue reading →

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No More Lifelines for Struggling Companies?

Posted on February 11, 2013 by Alanna Valdez

Declining bankruptcies and Chapter 11 cases might sound like a good thing, but after taking a closer look, NYU Stern Professor Ed Altman notes otherwise. Altman was quoted in Bloomberg News, stating that salvaging questionable companies can lead to fragile … Continue reading →

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Tom Cooley: Ending the Era of Big Bailouts?

Posted on February 5, 2013 by Alanna Valdez

Who Will Carry the Water?
Published by Tom Cooley and Kermit Schoenholtz on the Huffington Post blog, 1/25/13.

To make the U.S. financial system safe, we need to end the era of big bailouts. In December, the U.S. and … Continue reading →

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Ed Altman on Companies that May Face Bankruptcy in 2013

Posted on January 30, 2013 by Alanna Valdez

At the 12th annual Corporate & Sovereign Credit Market Outlook luncheon, NYU Stern Professor Ed Altman offered his predictions as to the types of companies that will likely face bankruptcy in 2013. Altman, quoted in Reuters, notes that mid-market defense … Continue reading →

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Stephen Brown’s Research on the Dow Theory is Featured

Posted on January 28, 2013 by Alanna Valdez

NYU Stern Professor Stephen Brown’s research on the Dow Theory was featured by the Wall Street Journal’s, Market Watch. Brown, along with two finance professors, William Goetzmann of Yale University, and Alok Kumar of the University of Miami analyzed over … Continue reading →

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Possible US Credit Downgrade? More Joys from the Fiscal Cliff

Posted on January 15, 2013 by Alanna Valdez

NYU Stern Professor Lawrence White was featured on Bloomberg TV discussing the impact of the fiscal cliff and its repercussions on the US’s credit rating. Currently at AAA rating, White argues that the US could see a credit downgrade to … Continue reading →

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