Faculty News

Nobel Laureate Prof. Michael Spence on Italy's economy

Excerpt from ANSA -- "I think that Italy has a good chance of completing the reforms by the new government (Italian to English translation)."
Faculty News

A paper by Prof. Stijn Van Nieuwerburgh on international capital flows and house prices is cited

Excerpt from The Economist blog -- "THIS week's interesting economics research: ... International capital flows and house prices (Jack Favilukis, David Kohn, Sydney C. Ludvigson, and Stijn Van Nieuwerburgh)."
Faculty News

Q&A with Prof. Baruch Lev on his book, "Winning Investors Over"

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Excerpt from Harvard Business Review blog -- "A misconception: Dealing with funds providers is part and parcel of running the company. You should not spend excessive time on investors but they need attention and guidance."
Faculty News

Prof. Thomas Cooley on the proposed Greece debt exchange deal

Excerpt from Bloomberg -- “The contemplated restructuring isn’t likely to be sufficient to make Greece a viable, going economic concern in the future."
Faculty News

Prof. Anindya Ghose defines "crowdfunding"

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Excerpt from Financial Times -- "In these markets, any individual can propose an idea that requires funding, and interested others can contribute funds to support the idea. These markets have recently emerged as a viable alternative for sourcing capital to support innovative, entrepreneurial ideas and ventures."
School News

NYU Stern's Entrepreneurs Challenge is featured

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Excerpt from Clear Admit -- “The challenge, which drew an unprecedented 211 teams in 2011, consists of three separate competitions: the NYU Stern New Venture Competition; the NYU Stern Social Venture Competition; and, new in 2011, the NYU Technology Venture Competition, divided into Life Sciences and IT & Clean Tech tracks. Winners of the three competitions are awarded a combined $250,000 in seed money and in-kind support."
Faculty News

Prof. Paul Romer's "charter cities" concept is referenced

Excerpt from Slate -- "You could imagine Paul Romer getting permission to start setting up aCharter City somewhere five years from now, with part of the start-up conception being that autonomous vehicles will be the exclusive motorized transportation option."Excerpt from Slate -- "You could imagine Paul Romer getting permission to start setting up aCharter City somewhere five years from now, with part of the start-up conception being that autonomous vehicles will be the exclusive motorized transportation option."
Faculty News

Prof. Edwin Elton and Martin Gruber's research on taxable bond funds is cited

Excerpt from AdviserPerspectives.com -- "According to Blake, Elton, and Gruber there were as many as 46 taxable bond funds in 1979."
Faculty News

Prof. Edward Altman on his new Z-Score app and how Italy can save the euro

Excerpt from Financial Sense -- "Dr. Altman sees Italy as the final battleground for the survival of the Euro. His analysis is based on the use of a new metric he and his colleagues have developed to estimate the financial health of sovereigns." Additional coverage appeared in Betanews.com.
Faculty News

Prof. Nouriel Roubini's views on India's economy are referenced

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Excerpt from Financial Times -- "According to economist Nouriel Roubini, India is better placed than the other Brics. After all, its youthful demographics and entrepreneurial zeal is unchanged." Additional coverage appeared in the Financial Times.
Faculty News

Prof. Edward Altman predicts this year's default rate for junk bonds

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Excerpt from The Wall Street Journal blog -- "[Altman] said, the way that the 'd-word'—default—is presented to the world will determine how the markets react to Greece’s debt restructuring (and he believes the country will need another bailout). He predicted that hedge funds will be blamed as the holdouts in the negotiations that will force a technical default." Additional coverage appeared in The New York Times Dealbook blog, Business Insider, and Bloomberg.
Faculty News

Prof. Thomas Cooley on the Greek economy

Excerpt from Bloomberg -- "While 'the contemplated restructuring isn’t likely to be sufficient to make Greece a viable, going economic concern in the future,' the decision not to trigger credit-default swaps may also be a form of 'collateral damage' from the nation’s default, said Thomas Cooley, an economics professor at New York University." Additional coverage appeared in AdvisorOne.
Faculty News

Prof. Michael Moses's co-created Mei Moses Fine Art Index is featured

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Excerpt from Forbes -- "In a year in which the S&P 500 returned nothing and earnings growth began to decelerate, the 'art market' as measured by the Mei Moses All Art Index enjoyed an 11 percent gain in 2011."
Faculty News

Prof. Viral Acharya's research on private equity-owned companies is highlighted

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Excerpt from The New York Times Dealbook blog -- "One draft study of European companies, by Viral Acharya of New York University and Conor Kehoe of McKinsey & Company, found that about two-thirds of chief executives of private equity-owned companies were replaced in the first four years of ownership."
Faculty News

Prof. Alexander Tuzhilin is cited for serving on the Overstock.com RecLab Prize review committee

Excerpt from China Weekly News -- "Leading researchers Eugene Agichtein of Emory University, Oliver Downs of Analytical Insights, Inc., and Alexander Tuzhilin of New York University Stern School of Business will join RichRelevance Chief Scientist Darren Vengroff to review all Prize submissions and select the ten semifinalists who will advance to compete for a cash award of up to $1 million." Additional coverage appeared in Professional Services Close-up.
Faculty News

Nobel Laureate Prof. Michael Spence compares today's economic climate to the Gilded Age

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Excerpt from The New York Times -- “In the 200 years from the British Industrial Revolution to World War II there were asymmetries in the world economy, but the entire world wasn’t industrializing and it wasn’t interacting in the same way."
Faculty News

Prof. Lawrence White on Governor Andrew Cuomo's recent State of the State Address

Excerpt from Washington Square News -- "Things like education and infrastructure - improve the roads, improve the airports, educate our kids, get those graduation rates up and encourage more to be going on to higher education — [those are] a legitimate role for the state."
Faculty News

Prof. Joel Hasbrouck's research on high frequency trading is highlighted

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Excerpt from Livemint -- "Joel Hasbrouck of New York University and Gideon Saar of Cornell University, after studying NASDAQ’s trading data in 2007-08, came to the conclusion that low-latency trading improves traditional market quality measures such as short-term volatility, spreads and displayed depth in the limit order book."
Faculty News

Prof. Amir Malin is pictured in an article remembering Bingham Ray

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Excerpt from Los Angeles Times -- Photo: Bingham Ray, left, with fellow October Films co-managing executives John Schmidt and Amir Malin in 1996.
Faculty News

Prof. Arun Sundararajan says CIOs must use social media to increase their presence in the boardroom

Excerpt from Information Week -- "CIOs must definitely not sit on the sidelines, but instead use social media to increase their presence in the executive conversation."
Faculty News

Prof. Stephen Brown's research on hedge fund diversification is cited

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Excerpt from Financial News -- "Research produced by Stephen Brown, professor of finance at New York’s Stern School of Business, adds that investors should not try to protect themselves by diversification."
Faculty News

Prof. Thomas Philippon on the banking industry's share of GDP

Excerpt from El Cronista Comercial -- "Thomas Philippon, a professor at the Stern School at New York University, estimates that the sector's share of U.S. GDP increased from about 3% in 1950 to over 8% in 2010 (Spanish to English translation)."
Faculty News

NYU Stern faculty authors of "Guaranteed to Fail" are referenced

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Excerpt from USA Today -- "The NYU team says Fannie's and Freddie's federal subsidies should be phased out, turning mortgage finance gradually over to the private sector, even though it will mean more mortgage rates will resemble those for jumbo loans, usually about half a percentage point more."