Experience Stern | News & Events

Excerpt from Marketplace -- "It's not easy to make a room of stone-faced financial wonks erupt in laughter about the looming threat of a worldwide banking crisis, but Nobel Prize-winner Robert Engle pulled it off. Engle delivered a pre-lunch presentation on systemic risk at the NYU/Moody's Credit Risk Conference today."

Excerpt from Forbes -- "The [HKUST] runs the MBA program in partnership with the Kellogg School of Management in Evanston, Ill., and it has a partnership with NYU’s Stern School of Business for students who want to get a Master’s in global finance."

Excerpt from CNNMoney -- "Hedging carries a host of other risks, like a Lehman-like bankruptcy by a counter-party leaving the fund holding the bag, according to Roy Smith ... 'Diversification alone is no protection against tail risk,' said Brown. 'In a tail risk event, we all fall down together.'"

Excerpt from CNBC -- "It is very difficult for [the euro] to exist without institutions ... we need to create the right institutions in Europe and then there will be stability."

Excerpt from Bernácer Prize -- "The 2011 Bernácer Prize has been awarded to Prof. Lasse H. Pedersen (Stern School of Business, NYU) for his original research contributions on how the interaction between market liquidity risk and funding liquidity risk can create liquidity spiral and systemic financial crisis."

On May 30, NYU Stern’s Center for Real Estate Finance Research and Salomon Center for the Study of Financial Institutions and the NYU Pollack Center for Law & Business co-hosted a housing-finance reform roundtable with The Clearing House and Mayer Brown LLP. The roundtable, titled, “The Challenge of Introducing Private Capital into the Housing-Finance Marketplace,” focused on the future of residential mortgage finance.

Excerpt from Discover Magazine -- "Another cue that triggers deeper thinking is a feeling of fluency in processing, or an impressionistic sense of how easy or difficult it is to process certain information. If it feels hard, this is a signal to switch to slower thinking. For example, in a study led by Adam Alter, subjects had to answer math problems ... "

Excerpt from Strategy + Business -- "The author’s take on corporate social responsibility (CSR) is particularly insightful. ... Lev argues that firms should undertake CSR initiatives only if the initiatives can provide a unique contribution on the basis of the firm’s capabilities."

Excerpt from MSNBC -- "Anindya Ghose, an associate professor of management at New York University’s Stern School of Business, reckons RIM needs a new, visionary leader to help the company pull out of its tailspin. 'To put it bluntly, they need someone like Steve Jobs,' he said."

Excerpt from Financial Times -- "Russian membership in western organisations is not exactly yielding positive results. The G7+1 cannot become a G8 until Russia begins to act like a mature free-market democracy."

Excerpt from CNBC -- "'Good immigration policy can be used selectively as a way to get newer and hard to find IT capabilities,' contends Sundararajan. 'It won't solve the entire shortage, but you can hire higher quality IT workers globally.'"

Excerpt from NPR -- "People who think it's isolating cite research that links Facebook to loneliness and depression. But in a case study from [Anindya Ghose at] New York University, people who posted on an internal blog at one company actually sparked conversation and increased productivity."

Excerpt from Financial News -- " ... both regulators and pundits should relax and let the rules they have already in place, and others to be implemented soon, de-risk systemically important banks."

Excerpt from CNN -- "What are the lessons to take from this mess? First, don't assume that bankers, experts and analysts know what they are talking about. When they tout an investment, be especially skeptical if they have a stake in it."

Excerpt from Bloomberg TV -- "I think Spain is in a position where they can stay in the euro zone, stabilize the trajectory of the fiscal side of the house and eventually restore the growth and the employment momentum."

Excerpt from The New York Times Business Day Live -- "There's a lot of uncertainty about size and solvency of deposit insurance funds and that caused a lot of unrest in Spain about Spanish banks."

Excerpt from MSNBC -- "Gabaix argues that it's impossible for consumers to intelligently shop for printers. No consumer knows how much ink costs -- the cartridges don't come in standard sizes, the amount of ink used to print varies and ink costs are unpredictable. That makes the true price of a printer 'shrouded,' in Gabaix's terminology."

Excerpt from International Business Times -- "'Spain's fiscal condition has looked far more precarious than at the beginning of the year,' said Dr. Viral Acharya, Professor of Economics at New York University's Stern School of Business' Department of Finance."

Excerpt from GigaOM -- " ... rules about protecting users’ personally identifiable information aren’t as meaningful as they once were. During a recent conversation with NYU Stern School of Business professor Arun Sundararajan about intent-based privacy, he called anonymity a 'gray area.'"

Excerpt from The Wall Street Journal -- "'A market for Eurobills can start small, improve financial stability and banking regulation, and provide much needed liquidity to solvent countries,' say its creators, French economist Christian Hellwig and New York University economist Thomas Philippon."

Excerpt from Find-MBA.com -- "Isser Gallogly, assistant dean of MBA admissions at NYU's Stern School of Business, Stern's part-time program is generally for 'people who like their industry, like their function, and are seeking the knowledge that an MBA program can provide them to do better and go further in their careers.'"

Excerpt from The New York Times -- “I don’t think we’ll get all the way to the unraveling of the euro system. The way they are approaching solutions to it is the one that’s going to cause the most possible pain and damage to the countries on the periphery.”

Excerpt from Business Insider -- "CNBC anchor Maria Bartiromo delivered the commencement address at NYU Stern last week, and she told graduates about the time in 1993 when Lou Dobbs said she was making the biggest mistake of her career by leaving CNN."

Excerpt from Reuters blog -- "Miners’ average return on capital was 19 percent in January, according to data from Aswath Damodaran at New York University. The industry’s average cost of capital in 10 percent. Fast back to 2000, before the China boom kicked off, and returns were at 6 percent."

Excerpt from MSNBC -- "Anindya Ghose, an associate professor at NYU’s Stern School of Business, reckons the bankers pricing the deal overestimated the company’s projected revenue growth rate. With a more modest outlook for future revenue growth, he reckons Facebook shares would be worth a price 'in the mid to upper 20s' -- closer to the first estimate of $28 the company gave investors."