finance
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Higher Savings, Lower Returns: The Unacknowledged Externalities of Financial Innovation
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New research shows how innovation in finance may increase the aggregate demand for investments over time, yet lower the expected return on assets.
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Mutual Interests: Why Myanmar Embraced FATF Regulations
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A new study suggests Myanmar’s domestic policy goals, not international condemnation, drive adherence to international financial regulations.
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Why Passing the State Budget on Time is a Must for Stabilizing Market Conditions
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The authors of a study analyzing state budgets find that the lack of fiscal governance, defined as enacting a budget on time, causes variation in general obligation bond yield spreads for state issuers.
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Not Just a Summer Job: Reducing Incarceration Rates for At-Risk Youth
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A new study finds that government-sponsored youth employment programs may reduce involvement in criminal activities and mortality rates for youth from low-income families.
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A city with soul: Director of Finance Brian Collins addresses the future of Memphis
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Brian Collins, Director of Finance for the City of Memphis, talks about his city’s determination in the face of financial and socio-economic adversity.
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Scaling Back Quantitative Easing: Domestic Recovery at a Foreign Cost
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Federal Reserve announcements about “tapering,” or reducing the level of quantitative easing, had significant negative impacts on financial asset prices in otherwise robust emerging market economies.
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Focus on Finance: The Restructuring of Detroit
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Detroit’s leading restructuring professional explains challenges in the largest municipal bankruptcy in US history.