Drawing lessons from recent and historical financial crises, Charles Calomiris offers policy recommendations for managing risk in global financial markets.
On March 21 I flew to Omaha — along with 150 of my classmates — to meet Warren Buffett, MS ’51, a man I have admired (some friends would say fanatically idolized) for close to 15 years.
Many foreclosures are not preventable. However, if a foreclosure is preventable, and the borrower wants to stay in the home, the economic case for trying to avoid foreclosure is strong.
Michael Johannes discusses the impact of events â?? such as interest rate jumps, employment reports and earnings announcements â?? on securities and derivatives markets.
Traditional asset pricing models do not account for changes in the aggregate volatility of the stock market. Does market volatility influence the expected returns of individual stocks?
Gur Huberman examines why competition hasn't eliminated profits for money managers, and why mutual funds are still priced well below the value of their profits.
Without financial globalization, says Frederic Mishkin, poor nations can't reach the next stage of development.
Jonathan Knee wants to bring back the traditional values of investment banking's early days -- before junk bonds, LBO funds and the Internet bubble changed everything.
Professor Frank Lichtenberg was quoted in an Associated Press article on whether or not the recent economic downturn warrants using the word recession.
When market shocks occur, firms that have the financial resources to repurchase their own shares experience less volatility.
Will oil prices stay at current levels, and how will they affect consumer confidence and the economy as a whole?
Technological tying may allow a market leader to maintain an edge, but innovation is another question.
Charles Jones offers some simple advice for appraising the state of the ongoing credit crisis.
You've measured your risk. Now, where did it come from? New research helps financial institutions to better understand and manage overall portfolio risk.
As they turn increasingly to hedge funds, how can endowment and pension fund managers create investment strategies that best match their liability streams?
How can credit markets in developed countries help low-income families break the cycle of poverty?
Despite modern communications, many knowledge-based industries — including venture capital — are characterized by local exchange. In what circumstances do VCs make investments that transcend regional and industry boundaries?
New computer and information technologies not only increase productivity, they can transform entire organizations and industries.
Alan Greenspan in Sunday’s FT said the recent financial crisis may be judged in retrospect as “the most wrenching since the end of the second world war.”
David Beim discusses why America has little to fear from opening its markets and much to gain from moderating its appetite for deficits.
Standard models for tracking bond yields have limited predictive power, but a new model based on macroeconomic variables forecasts yields with a high degree of accuracy.
How stock commentators speak about the market can influence investors' opinions.
The reason India and China went from being peripheral players in the world market in 1980 to the powerful forces they are today didn’t have to do with changes in the global market. It had to do with local changes.
Before working at a venture capital company, I tried for years to figure out how to quickly determine if something is a venture capital investment or a private equity investment.
This guide lists Web sites, publications, government agencies and other sources that provide information about emerging markets.
Michael Mauboussin mines unexpected sources for insight into choice, risk and innovation
Professor John Donaldson remembers Pandit as a PhD student here at CBS.
Progressive Personal Accounts — a new plan for reforming the U.S. public pension system — could satisfy Democrats and Republicans.
Professors Michael Morris and Daniel Ames have found that metaphors used by stock market commentators can adversely influence investors.
There have been reports in the press that the Federal Reserve has been meeting with the U.K. and European central banks to discuss a novel idea: direct purchases of mortgage securities by these central banks to “set a floor” under their prices. This is an appalling idea, and here's why.
One possible explanation for Asian stock market declines a few days ago is that market participants are realizing that Asia is not “decoupled” from economic performance in the United States and the rest of the industrial world.
The sequence in which venture capitalists sign contracts — first with investors, then with entrepreneurs — creates a classic principal-agent problem. How does this three-way interaction affect the pricing of private equity deals?
Lehman Brothers defied the death knell yesterday and CBS experts believe a Bear Stearns repeat is avoidable.
Do investors learn more from advice or by observing the actions of others?
The cofounders of Microlumbia tell how their experience at Columbia propelled them to start something big — really big.
Thanks to new work by Professors Paul Glasserman (CBS) and Michael Giles (Oxford), rapid calculations of hedge ratios can happen faster than ever before.
The most recent subject to provoke shivers of anxiety is the rise of sovereign wealth funds, notably the investment by a number of them during the past two months of nearly $20 billion in some leading U.S. financial institutions.
As many companies file their financial results this year, they will face the challenge of implementing FASB’s new 800-pound gorilla: recording assets and liabilities at fair value.
If Jerry Springer had a show about business, this panel discussion might have been an early episode.
During a classroom simulation, students were able to witness the failure of a market due to asymmetric information between sellers and buyers.
And in particular, how sensitive are participants’ choices to possible framing effects associated with the menu of choices they are offered? Professors Gur Huberman and Wei Jiang set out to answer these questions — and won a Smith Breeden Distinguished Paper Prize in the process. Read more...
Under the leadership of Bruce Greenwald, the Heilbrunn Professor of Finance & Asset Management, the Heilbrunn Center for Graham & Dodd Investing has assembled a full suite of courses. Read more...
rgh1@columbia.edu 212-854-2888
jd34@columbia.edu 212-854-4436
pg20@columbia.edu 212-854-8881
rr2535@columbia.edu 212-851-0467
mj335@columbia.edu 212-854-0110
smg178@columbia.edu 212-854-7903
