Experience Stern | News & Events

Excerpt from The New York Times -- "Robert Engle, an economist at New York University who was awarded the Nobel Prize for his work on volatility and capital markets, has designed a model that ranks financial institutions in terms of their systemic risk. ... Since September, the bank’s risk, calculated on the basis of its leverage, has increased sharply relative to other comparable institutions, according to the NYU gauge. 'There is just a lot of risk for Deutsche Bank right now,' Mr. Engle said. 'We have been worried about European banks for quite a while.'"
 

Excerpt from Bankrate -- "'The bank is doing its best, but it is not a strong bank, relative to other banks, relative to the environmental and regulatory conditions it faces, so it's not in a great position to withstand a run,' Smith says."

Excerpt from PolitiFact -- "[Risky mortgages], in turn, led to the 'end of a housing boom, a sharp decline in housing prices, widespread mortgage defaults, widespread mortgage securities defaults, and a lack of assets to cover the losses at nine large financial institutions -- Fannie Mae, Freddie Mac, Morgan Stanley, Merrill Lynch, Goldman Sachs, Bear Stearns, Lehman Brothers, the CitiCorp holding company, and the AIG holding company,' said Lawrence White, an economist at New York University’s Stern School of Business."

Excerpt from The New York Times -- "'Amazon is the accidental winner here,' said Scott Galloway, a professor of marketing at the Stern School of Business at New York University. 'Amazon got there first, which is superimpressive, and it has been a huge hit.'"

Excerpt from The New York Times -- "Broad equity employee ownership is exceedingly rare within the sharing economy, according to Arun Sundararajan, a professor at the New York University Stern School of Business who studies the sharing economy. ... Mr. Sundararajan sees Juno’s equity offer as a message of inclusiveness to its drivers. It’s a way of saying, 'You are one of us. You’re a part of us,' he says."

Excerpt from Reuters -- "'Calls from workers is a good system to have, but it is not a substitute for audits and checks,' [Labowitz] said. 'You need both to tackle the issues in the supply chain.'"

The Conference on Emerging Market Multinationals organized by NYU Stern’s Center for the Globalization of Education and Management brought together leading scholars to discuss the challenges faced by firms from emerging economies when they expand abroad.

Nate Berkus, Interior Designer and Author, joined Dean of Students Conor Grennan, MBA students and alumni for a 2016-2017 Langone Speaker Series event.

Faculty and alumni from NYU Stern’s Master of Science in Business Analytics (MSBA) program, as well as practitioners, gathered for the School’s Second Annual Business Analytics Symposium to share insights into current issues in the field. The event’s theme was "Competing in the Connected Economy."

Excerpt from MEL -- "'Awareness is going to be positive [for businesses], but there could be other unintended consequences,' [Barasch] says. 'I just suggest that they also think about the downsides that come when you know you’re at the top of the ski slope and you’re thinking about how to get that photo.'"

Excerpt from Bloomberg View -- "What will happen to macroeconomics? Critics such as Romer have become more numerous and vocal, and the old guard is increasingly on the defensive. Consumers of research could do their part by demanding work built on more realistic assumptions, developed in keeping with normal scientific standards and having more practical relevance. If research funding agencies and central banks stopped supporting the creation of models filled with unrealistic assumptions -- what Romer calls post-real economics -- the discipline could begin healing itself."

Excerpt from The Washington Post -- "These dynamics have reminded me of Jonathan Haidt’s seminal book, 'The Righteous Mind.' Haidt, a social psychologist, used exhaustive evidence to explain that our political preferences are not the product of careful analytic reasoning. Instead, they spring from a combination of moral intuition (instinct) and a tribal affiliation with people who we believe share these instincts. We use reason, facts and analysis to affirm our gut decisions."

Excerpt from Institute of Chartered Accountants of Scotland (ICAS) -- "They’re more satisfied if they get more feedback, but feedback is hard to deliver because feedback can be seen as controlling. We often talk about constructive feedback, but delivering feedback is really difficult because it has to have this sweet spot of providing information without controlling their behaviour - you want to maintain their sense of autonomy."

Excerpt from Reuters -- "What I've observed is that the big hurdle for students, at least at a business school, is not ideas. A lot of people have exciting, interesting, great ideas. The hurdle is that most people don't know how to take that idea and start up a company. ... And so, it's often not money that we need to give people to help them and it's almost never ideas. It's the other resources: how do we help you turn your idea into a reality and bring it to market? And that's something that you can do in lots of really interesting classes."

Excerpt from Bloomberg -- "Market-based measures support the view that Deutsche Bank is heavily intertwined with the rest of the global financial system. According to a systemic risk (SRISK) gauge first designed by the Volatility Institute at New York University's Stern School of Business, the bank would face a capital shortfall of 87.4 billion euros if it were still to fulfill capitalization requirements in the event of a financial crisis — which they define as a 40 percent semi-annualized fall in global stock markets."

Excerpt from Bloomberg -- "'I am big on the parallels,' said Roy Smith, the New York University academic who as a banker in 1990 anticipated Japan’s decline. Japan’s market crash 'led to a financial crisis that they never recovered from. China probably faces a debt-led financial crisis too, which could have significant consequences,' he said."

Excerpt from Bloomberg -- "A serious discussion of what the Central Bank ought to be doing, and conditional on what, is a good thing. But I think piling on in a way that threatens its independence or its integrity or so on is not helpful."

Excerpt from Bloomberg -- "In the Peabody battle, the firms’ methods are on full display. Eli Bartov, an accounting professor at New York University’s Stern School of Business, said he found it unusual for investors to lobby a company for an accounting change. 'Management alone is responsible for accounting,' he said."

Excerpt from The Wall Street Journal -- "David Yermack, a finance professor at New York University, said he wasn’t aware of any prior clawbacks this big in the financial services sector. 'If he is really responsible for this (mess), why is he still in place?' Mr. Yermack said of Mr. Stumpf."

The NYU Stern Center for Global Economy and Business hosted a public talk with Philip Lane, Governor of the Central Bank of Ireland on September 27, 2016.

Excerpt from The Irish Times -- "Addressing the New York University Stern School of Business on Tuesday, he said: 'Put differently, forceful accommodative monetary policy in the short run is the best method that policy rates do not stay low for longer than is necessary.'"

Excerpt from Bloomberg View -- "Asset management is a second area that will probably be squeezed by the double fists of technology and regulation. As Philippon has shown, asset management, along with real estate, is one of the two sectors responsible for most of the financial industry’s growth. But that might just make it ripe for compression."

Excerpt from the Minneapolis Star-Tribune - "Responding to Hanson’s idea that the government should issue more short-term debt to discourage that activity, Viral Acharya, an economist at New York University, said he feels uncomfortable with the government getting involved in buying and selling debt to 'crowd out' non-banks. 'It’s better to get at financial stability directly, in my view, rather than mixing fiscal policy with it,' Acharya said."

Excerpt from Bloomberg -- "Unless cable companies offer 'very aggressive' competitive moves such as slashing prices, 'the introduction of new set-top boxes will accelerate the movement away from cable and toward direct downloads,' Economides said."

Excerpt from The Wall Street Journal -- "Consider this: The physics associated with every accident will be recorded in minute detail. Not only will this asset of driverless-car technology be able to establish fault unequivocally and therefore resolve disputes more efficiently and correctly, it will also become a critical tool for coaching purposes and improving driving practices."