Faculty News

Joint research from Professor Kim Schoenholtz on the challenges facing the global financial system is highlighted; Systemic Risk (SRISK) analysis from Stern's Volatility Laboratory (V-Lab) is cited

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The Age 190 x 145
Excerpt from The Age -- "In a joint paper with Kermit Schoenholtz, a market guru and now finance professor at New York University's Stern School, he warns of potential bank runs and a cascade of fire sales across asset markets despite the heroic firefighting efforts of the Fed so far. The NYU Stern's SRISK gauge shows that the "weighted average leverage ratio" of European lenders is nearly 48, three times US levels."

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