Finance
Could the Fed Have Rescued Lehman Brothers? Q&A with Laurence Ball
A new study argues that the Federal Reserve could have saved Lehman Brothers from bankruptcy, but chose not to, partly because of political pressures.
Eight-and-a-half years ago,...
Revolving Doors in the Private Sector: Quid Pro Quo or Efficient Market Mechanism?
A new paper by Elisabeth Kempf from the University of Chicago looks into the performance of credit analysts who left to work for investment...
Could Blockchain Technology Alter the Balance of Power Within the Financial System? Q&A with David Yermack
"Blockchain technology is threatening to remake the financial system from the top down in a way that threatens the existence of all the banks,...
Stigler Center Event: David Yermack on Blockchains and the Future of Finance
Yermack, the Albert Fingerhut Professor of Finance and Business Transformation at New York University Stern School of Business, will teach a mini-course of three...
Watch: Deutsche Bank Whistleblower Eric Ben-Artzi Explains What it Takes to Blow the Whistle on Fraud
Ben-Artzi: "The problem is not that you have misbehavior on Wall Street. It's that you have misbehavior by the people who are supposed to...
It Takes a Village to Maintain a Dangerous Financial System: Q&A with Anat Admati
Stanford professor Anat Admati discusses her new paper, in which she explains how a mix of distorted incentives, ignorance, confusion, and lack of accountability contributes to...
The Non-Performing Assets of Wells Fargo
The entire board of Wells Fargo, not just the CEO, needs to be replaced.
In 1992, shareholder activist Bob Monks purchased a full-page ad in...
Stigler Center Talk: Deutsche Bank Whistleblower on the SEC and Revolving Doors
Eric Ben-Artzi, the former Deutsche Bank risk officer turned whistleblower who rejected a multi-million dollar award from the SEC, will give a talk at...
Corporate Culture in Investment Banking: An Inside Look
A former investment banker examines the culture that incentivizes people in the industry to put their interests before their clients’. Part three in a...
How Rich are the Parents of Your Money Manager, and What Does it Tell You About his Alpha?
In the last few decades, numerous studies in financial literature have been devoted to the question of “alpha”—that is, the ability of money managers...
