Category Archives: Sovereign Risk

3 Questions for NYU Stern Prof. David Yermack on Digital Currencies

David Yermack is the Albert Fingerhut Professor of Finance and Business Transformation at the NYU Stern School of Business and is the Director of the NYU Pollack Center for Law and Business. He is co-instructor for the NYU course on … Continue reading

Posted in Foreign Exchange Risk, Market Risk, MS in Risk Management Program, NYU Stern, Sovereign Risk | Tagged , , , | Leave a comment

Prof. Nouriel Roubini: The Dollar Joins the Currency Wars

In a recent opinion editorial on Project Syndicate, Professor Nouriel Roubini argued that governments shouldn’t use currency wars to boost economic growth. While many central banks around the world have eased monetary policies to jumpstart growth, the US dollar has simultaneously strengthened against both advanced-country … Continue reading

Posted in Foreign Exchange Risk, Regulatory Risk, Sovereign Risk | Tagged , , , , , | Leave a comment

Prof. Ian Bremmer Discusses an Opened Cuba

In a recent opinion editorial on Time, Global Research Professor Ian Bremmer discussed the economic benefits of opening Cuba to international business. Now that Cuba has been removed from the list of nations that sponsor terrorism, several industries will have … Continue reading

Posted in NYU Stern, Sovereign Risk | Tagged , , , , | Leave a comment

Prof. Nouriel Roubini Discusses a Greek Exit from the Euro

In a recent interview with Bloomberg Business, Professor Nouriel Roubini discussed the implications of the “Grexit,” or what the Greek exit from the euro would look like. Professor Roubini described the exit as a “massive contagion” that would highly stress other … Continue reading

Posted in Sovereign Risk, Systemic Risk | Tagged , , , , , | Leave a comment

What’s Next for Cuba? by NYU Stern Professor Ingo Walter

The following is an excerpt from CNBC: Now that the decision has been made in Washington to reset Cuban-American relations, it’s a good time for an outside perspective on where things may go from here. Bottom line: Cuba may well … Continue reading

Posted in Market Risk, NYU Stern, Sovereign Risk | Tagged , , , | Leave a comment

Professor Viral Acharya’s Research on Eurozone Stress Testing is Highlighted

The following is an excerpt from the Financial Times: Last week, 25 banks failed the asset quality review (AQR) conducted by the European Central Bank for 130 of the eurozone’s largest banks. In the stress test performed by the European … Continue reading

Posted in NYU Stern, Sovereign Risk, Systemic Risk | Tagged , , , , , , | Leave a comment

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

Posted in Credit Risk, NYU Stern, Sovereign Risk | Tagged , , , , | Leave a comment

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

Posted in NYU Stern, Sovereign Risk | Tagged , , , , | Leave a comment

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

Posted in Market Risk, NYU Stern, Regulatory Risk, Sovereign Risk, Systemic Risk | Tagged , , , , , , | Leave a comment

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

Posted in NYU Stern, Reputational Risk, Sovereign Risk | Tagged , , , , | Leave a comment