Category Archives: Credit Risk

Professor Ed Altman’s Research on Bond Defaults is Cited

The following is an excerpt from Forbes. If Energy Future Holdings files for bankruptcy, a buying opportunity may arise in the iShares iBoxx High Yield Corporate Bond ETF (HYG). This would be strictly a short-term trade, appropriate only for aggressive … Continue reading

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Professor Viral Acharya’s Research on European Banks is Highlighted

The following is an excerpt from Bloomberg News: European banks have a capital shortfall of as much as 767 billion euros ($1 trillion) before the European Central Bank’s probe into the financial health of the region’s lenders, according to a … Continue reading

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Falling Short of Expectations? Stress-Testing the European Banking System

The following is a study written by Professor Viral Acharya: The Single Supervisory Mechanism – a key pillar of the Eurozone banking union – will transfer supervision of Europe’s largest banks to the ECB. Before taking over this role, the … Continue reading

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NYU Stern Profs. Cooley and Schoenholtz on a European Deflation Strategy

Professor Tom Cooley, former NYU Stern Dean, and Professor Kim Schoenholtz co-authored the op-ed below on CNBC titled “Europe needs a credible deflation strategy.” The great promise of the European common currency was that a single disciplined central bank could … Continue reading

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Financial Times Highlights Prof. Ingo Walter’s Research on Portfolios

The following is an excerpt from the Financial Times entitled “Rich make same investment errors as rest.” When investing, it often hurts to think of what might be possible if only you started with even more money. Those already wealthy … Continue reading

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Professor Lawrence White Interviewed on Ratings Companies

The following is an excerpt from Bloomberg entitled “S&P Ratings States Reject Support New Jersey to California.” While suing Standard & Poor’s for fraud, states from New Jersey to California ironically are helping fund the world’s largest credit rater’s legal … Continue reading

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Professor Nouriel Roubini on the rise of unconventional monetary policy

                                                    NEW YORK – As below-trend GDP growth and high unemployment continue to afflict most … Continue reading

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Prof. Ingo Walter on Italian bank Monte Paschi’s troubles

The following is an excerpt from a Bloomberg entitled “Bank Born Out of Black Death Struggles to Survive.” Siena, the medieval city renowned for its Palio horse races, is home to the world’s oldest bank. Within its aging walls lies … Continue reading

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Profs. Acharya and Van Nieuwerburgh’s Research is Cited in NY Times

The following is an excerpt from “The Big Bank Subsidy,” an Economix blog excerpt in the NY Times.  [T]he best evidence developed by independent researchers (i.e., those not employed by the Clearing House or its allies) continues to run strongly … Continue reading

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Roubini: The Eurozone’s Calm Before the Storm

The following is a Project Syndicate Op-Ed written by NYU Stern Professor Nouriel Roubini.  NEW YORK – A little more than a year ago, in the summer of 2012, the eurozone, faced with growing fears of a Greek exit and … Continue reading

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