Category Archives: Market 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

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Prof. Robert Engle Discusses Recent “Flash Crash” Arrest

In a recent article on Reuters, Professor Robert Engle shared his perspective on the arrest of Navinder Singh Sarao, a UK trader who is though to be responsible for the 2010 “flash crash.” In this crash on May 6th, 2010, almost $1 … Continue reading

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Are Equities Overvalued? Prof. Michael Spence Explains in Op-Ed

In a recent opinion editorial on Project Syndicate, NYU Stern Professor Michael Spence examined the relationship between rising equity prices and current stock market trends. His editorial included insight on whether stock valuations are excessive relative to future earnings potential, banks’ unconventional … Continue reading

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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

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Professor Nouriel Roubini Shares his Predictions for the Economy in 2015

The following is an excerpt from Yahoo Finance: In February of 2013, Nouriel Roubini, New York University professor and chairman of Roubini Global Economics, told Yahoo Finance that the U.S. was about to enter an asset bubble that would be … Continue reading

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NYU Stern Professor Nouriel Roubini Argues that the US is Keeping the Global Economy Afloat

The following is an excerpt from an op-ed titled “The Single-Engine Global Economy” by NYU Stern Professor Nouriel Roubini on Project Syndicate: The global economy is like a jetliner that needs all of its engines operational to take off and … Continue reading

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Nobel Laureate and Professor Robert Engle Discusses Recent Market Volatility

The following is an excerpt from Fox Business: “We’ve had about two weeks of spectacularly high volatility. However, when you think about it, it’s only high relative to the last two years. We haven’t seen this for two years. Before … Continue reading

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“The End of Market Discipline? Investor Expectations of Implicit Government Guarantees” by Professor Viral Acharya

Professor Viral Acharya and his co-authors, Deniz Anginer of Virginia Tech and the World Bank and A. Joseph Warburton of Syracuse University, find that bondholders of major financial institutions have an expectation that the government will shield them from large … 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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Subsidizing Mortgage Debt Does More Harm Than Good by Prof. Stijn Van Nieuwerburgh

The following is an excerpt from an op-ed 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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