Tag Archives: Thomas Cooley

US Should be Concerned about Europe says Prof. Tom Cooley

Professor Tom Cooley, former NYU Stern┬áDean, spoke with Mark Crumpton on Bloomberg TV’s Bottom Line about the stability of the European financial system and European banks. Professor Cooley notes that the levels of systemic risk in the European banking system … Continue reading

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NYU Stern’s Cooley, Richardson & Schoenholtz on the Euro Exit

NYU Stern Finance & Economics professors have co-authored a new op-ed in the Huffington Post. In “The Euro Exit,” Tom Cooley, Matt Richardson and Kim Schoenholz explore history to analyze the crisis that Europe would ensue in the event of … Continue reading

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Professor Thomas Cooley Addresses the Eurozone Crisis

NYU Stern Economics Professor Thomas Cooley is quoted on Europe’s sovereign debt crisis in The New York Times. Yesterday’s summit meeting in Brussels failed to bring Europe’s leaders to a consensus on the necessary next steps for coping with the … Continue reading

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How Shape-Shifting Banks Foil Dodd-Frank Act

In a new Bloomberg op-ed, NYU Stern economists┬áThomas Cooley and Kim Schoenholtz criticize banks for spinning off their investment activities to avoid compliance with Dodd-Frank. They propose that regulations should target financial instruments and markets instead of just the institutions. … Continue reading

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The Battle Over Money Funds

In a new op-ed, NYU Stern Economists Thomas Cooley and Kim Schoenholtz discuss the regulation of money market funds. Historically, the US government guarantee of money market fund liabilities created moral hazard for banks and led to widespread systemic risk. … Continue reading

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NYU Stern Economists Weigh-in on the Eurozone Crisis

In an interview with CNC world, NYU Stern economists Thomas Cooley, Richard Sylla and Larry White exhibit skepticism regarding the EU’s plan for stability. Excerpt from CNC World: Richard Sylla: “If Europe seems to be like the U.S. in the … Continue reading

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EZ crisis: the answer is commitment

Professor Thomas Cooley talks to Viv Davies about the debt crisis and why the Eurozone needs a credible institutional commitment and a strong fiscal authority. They discuss the role of the ECB, the banking system, ‘forced borrowing’ and the prospect … Continue reading

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Would Legislation Prevent Another Financial Crisis?

The FDIC says the Dodd-Frank Act would have allowed Lehman Brothers to wind down and sell its assets without government assistance. Would such legislation prevent another financial crisis from happening? Professor Thomas Cooley discusses. Watch video

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The Wall Street Leviathan

by Jeff Madrick Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance edited by Viral V. Acharya, Thomas F. Cooley, Matthew P. Richardson, and Ingo Walter Wiley, 573 pp., $49.95One refreshing sign of hope for constructive … Continue reading

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Manufacturing Tail Risk & The Financial Crisis

Professors Viral Acharya, Thomas Cooley, Matthew Richardson and Ingo Walter argue that the fundamental cause of the financial crisis of 2007-09 was that large, complex financial institutions (“LCFIs”) took excessive leverage in the form of manufacturing tail risks that were … Continue reading

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