Category Archives: Market Risk

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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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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