Monthly Archives: September 2011

Making Europe Safer

A cleverly designed bond instrument can ensure the euro zone’s survival without a fiscal union. From the Wall Street Journal: The following is an open letter by the international Euro-nomics academics group (, composed of Markus Brunnermeier, Luis Garicano, Philip … Continue reading

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In times like these predictive power lies in looking back

The article highlights Professor Edward Altman’s Z-score for predicting corporate bankruptcies. If developed economies are heading for a nuclear winter – and at times it feels that way – the concept of defensiveness takes on a new urgency. But what … Continue reading

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The Vickers report: ringfencing is a good idea, but no panacea – risk weights are crucial

Professor Viral Acharya talks to Viv Davies about the recent report issued by the UK’s Independent Commission on Banking. They discuss capital requirements and the proposal to ringfence bank’s retail versus investment activities. They also discuss the likely costs of … Continue reading

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‘Guaranteed to Fail’ is named a ‘Top Business Book’ By Bloomberg

“Guaranteed to Fail” by Viral V. Acharya, Matthew Richardson, Stijn Van Nieuwerburgh and Lawrence J. White (Princeton). Four professors at New York University’s Stern School of Business explain how Fannie Mae and Freddie Mac got so big and why we … Continue reading

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MS in Risk Management Class of 2012 Sound the Gong at the NYSE Euronext

Class of 2012 of Master of Science in Risk Management Program for Executives (MSRM) opened the NYSE Euronext Exchange today by sounding the gong. Watch the video of the ceremony.

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