Category Archives: Sovereign Risk

Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans By Professor Viral Acharya

This paper shows that the sovereign debt crisis and the resulting credit crunch in the periphery of the Eurozone lead to negative real effects for borrowing firms. Using a hand matched sample of loan information from Dealscan and accounting information … Continue reading

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Will Modi Reset India’s Emerging Market Economy? By Professors Roy C. Smith and Ingo Walter

The following is an excerpt from an op-ed published in The BRICS Post by NYU Stern Professors Roy C. Smith and Ingo Walter: The forthcoming visit to Washington by Narendra Modi, his first since becoming India’s Prime Minister last April, … Continue reading

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Understanding the Russian Sanctions by Roy C. Smith and Ingo Walter

The latest tightening of the US and EU sanctions on Russian business and finance will provide an interesting lesson in international political, economic and military affairs. Here are some key issues to think about: These Financial Sanctions Can Be Very … Continue reading

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Getting Serious About Sanctions-Busting Banks by Professors Ingo Walter and Roy Smith

BNP Paribas is expected any day to admit to criminal *violations of U.S. sanctions against Iran and Sudan. This is likely to mean that the giant French bank will pay a fine of between $8 billion and $10 billion to … Continue reading

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Prof. Robert Engle is Interviewed About the Financial Services Industry

The following is an excerpt from the El Paso Times:  The nation’s giant banks and other large financial institutions have regained much of the financial cushion they lost during the financial crash of 2008-09, a Nobel Prize-winning economist told University … Continue reading

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Whatever Happened to Swiss Bank Secrecy? By Professor Ingo Walter

The following is an excerpt from an article titled, “Whatever Happened to Swiss Bank Secrecy?” by NYU Stern Professor and MSRM Academic Director, Ingo Walter: Financial secrecy – or more politely “confidentiality” – involves non-disclosure of financial information concerning individuals, … Continue reading

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RSVP Today to the Risk Management Symposium 2014

We cordially invite you to attend the second Annual Risk Management Symposium here at NYU Stern. Please join us and other senior business professionals for this opportunity to hear from a number of faculty members and practitioners who will share … Continue reading

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The Changing Face of Global Risk

The following is a Project Syndicate excerpt from an op-ed written by NYU Stern Professor Nouriel Roubini on Project Syndicate: The world’s economic, financial, and geopolitical risks are shifting. Some risks now have a lower probability – even if they … Continue reading

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Professor Viral Acharya’s Research on Stress-Testing European Banks is Cited

The following is an excerpt from the Financial Times entitled “Europe Should Say No to a Flawed Banking Union” by Wolfgang Münchau: There are two classes of compromise in political life. In the first, your ultimate aim is sweeping change, … Continue reading

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Professor Nouriel Roubini Discusses Political Uncertainty in Emerging Markets

The following is an op-ed titled “Emerging-Market Risk and Reward” by NYU Stern Professor Nouriel Roubini: One definition of an emerging-market economy is that its political risks are higher, and its policy credibility lower, than in advanced economies. After the … Continue reading

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