Category Archives: Market Risk

Subsidizing Mortgage Debt Does More Harm Than Good by Prof. Stijn Van Nieuwerburgh

The following is an excerpt from an article by Professor Stijn Van Nieuwerburgh on The New York Times: Housing policy in the United States strongly favors homeownership, and it does so by subsidizing mortgage debt. Programs like the mortgage interest … Continue reading

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Professor Stijn Van Nieuwerburgh on the Cost of Renting vs. Buying

The following is an excerpt from The Wall Street Journal: Buying a home has long been part of the American dream. But rising prices have made renting less expensive in many places. People often aspire to own a home for … Continue reading

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MSRM Class of 2013 Capstone Paper Published by INCAE Business Review

A Capstone paper by Alex Rubinstein, Kiran Dwarakanath, Claire Fox, Rose Kinuthia, Ted Rockwell, and Alex Solares of the MSRM Class of 2013 was published by INCAE Business Review. The article is a summary, prepared in Spanish, of the paper … Continue reading

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Flash Boys May be Yesterday’s Story by Professor Roy Smith

The following is a recent paper written by NYU Stern Professor Roy Smith titled “Flash Boys May be Yesterday’s Story”: Michael Lewis’ newest Wall Street bestseller, Flash Boys, claims that equity markets are “rigged” by high frequency traders who invested millions … 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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Professors Robert Engle & Viral Acharya Warn that European Stress Test Risk Measures are Flawed

On the release of the US Fed’s latest bank stress tests, NYU Stern School of Business Nobel Laureate Robert Engle and Professor of Finance Viral Acharya warn that European regulators’ stress tests miscalculate the amount of systemic risk banks will … 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 Viral Acharya on China’s Debt Fueled Growth Slowdown

 

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Inflation Risk Premium Implied by Options

MSGF Academic Director and NYU Stern Professor Menachem Brenner along with his co-authors, Yoram Landskroner, Eddy Azoulay and Roy Stein of the Bank of Israel, explore how to measure expected inflation – a critical issue facing the Central Bank. One … Continue reading

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Michael Spence: The Real Challenges to Growth

The following is an op-ed written by NYU Stern Professor and Nobel Laureate in Economics, Michael Spence, published in Project Syndicate: MILAN – Advanced economies’ experience since the 2008 financial crisis has spurred a rapidly evolving discussion of growth, employment, … Continue reading

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