Experience Stern | News & Events

Excerpt from CNNMoney -- "Capital is the buffer that protects banks against losses. Something north of 10% would be much better and much safer." Additional coverage appeared in WMUR.

Excerpt from Project-Syndicate -- "In the US, productivity deficiencies have led to a pattern of disconnection from global supply chains. So the challenge for America is not only to restore productivity, but also to restore its links to the main currents of world trade." Additional coverage appeared in China Daily, NEurope.eu and Today's Zaman.

Excerpt from Benzinga -- "As George Akerlof and Paul Romer explained in their famous 1993 article ('Looting: the Economic Underworld of Bankruptcy for Profit'), accounting control fraud is a 'sure thing.'"

Excerpt from The Wall Street Journal -- "Interventionist economists like Paul Krugman ("The Return of Depression Economics and the Crisis of 2008") and Nouriel Roubini ("Crisis Economics") say that we haven't borrowed enough to get out of a crisis brought on by too much borrowing."

Excerpt from Times of India -- "The list of distinguished speakers at the conference includes Prabuddha De ( Purdue University), Varghese S Jacob (Texas Dallas), Sridhar Narsimhan (Georgia Tech), Arun Sundararajan (Stern Business School), and Sumit Sarkar (Texas Dallas)."

Excerpt from Globe and Mail -- "'All consumption norms are local,' writes Mr. Frank. '… The important practical point is that when the rich build bigger, they shift the frame of reference that shaped the demands of the near rich, who travel in the same social circles … and so on, all the way down.'" Additional coverage appeared in the Times Union blog.

Excerpt from The Wall Street Journal Japan -- "The U.S. and Japan are also different immigration policies. In the United States, including the influx of highly educated immigrants, young and still growing population, has been the driving force for the U.S. economy" (Japanese to English translation).

Excerpt from SmartMoney -- "Some research has found that the best-performing stocks over long periods are in the 'sinful' categories like tobacco, says Marcin Kacperczyk, an assistant professor of finance at New York University's Stern School of Business."

Excerpt from Agence France Presse -- "'The French banks, for example, will no longer buy Italian debt. They did it once, not twice,' warned Thomas Philippon, a professor at Stern School of Business (French to English translation)."  Additional coverage appeared in AWP Swiss News.

Excerpt from USA Today -- "Buy U.S. small-company stocks. These volatile and economically sensitive stocks will work well and outperform if the dreaded 'double dip' recession doesn't occur, Bernstein says." Additional coverage appeared in another USA Today piece, MSN Money and MoneyShow.com.

Excerpt from PRWeb -- “While European retail growth is off 2.3 percent year-on-year, the e-commerce channel is expected to grow at 12.2 percent annually.”

Excerpt from Reuters -- "What they’re struggling with both here and abroad is being able to differentiate between risk mitigation and risk taking. We will probably have a second-best solution that will decrease the amount of derivatives in the world, but maybe that’s the best we can do."

Excerpt from Harvard Business School's Working Knowledge blog -- "It remains unclear, for instance, whether William Baumol's neat distinction between productive and unproductive entrepreneurship is borne out by historical experience."

Excerpt from San Francisco Chronicle -- "A March 2010 study by Malcolm Baker, Brendan Bradley and Jeffrey Wurgler, published in the Jan./Feb. 2011 Financial Analysts Journal and entitled, 'Benchmarks as Limits to Arbitrage: Understanding the Low-Volatility Anomaly,' demonstrated that from Jan. 1968 to Dec. 2008 portfolios of low-risk stocks actually outperformed portfolios of high-risk stocks by a whopping margin. "

Excerpt from Bloomberg -- “The regulators should be accountable, and they should at least face some risk of disrepute in case of mistakes and oversights in the process." Additional coverage appeared in another Bloomberg piece and Bloomberg Businessweek.

Excerpt from The Wall Street Journal blog -- "Mr. Hong, along with economists Kingsley Fong, Marcin Kacperczyk and Jeffrey Kubik, looked to what happens to credit ratings when a company loses an analyst as a result of a brokerage merger."

Excerpt from HeraldNet.com -- "Philippon's research indicates that over the years our financial system has become less and less efficient."

Excerpt from Business Standard -- "The IAB would comprise of seven members, including the Sebi Chairman UK Sinha. The six outside members include Viral Acharya from New York University's Stern School of Business ... " Additional coverage appeared in Asia Pulse.

Excerpt from Financial Times blog -- "In a move that will get Nouriel Roubini’s blessing, Fitch Ratings has upgraded Indonesia’s long-term, foreign and local, currency issuer default ratings to investment grade (to ‘BBB-’ from ‘BB+’)."

Excerpt from The Huffington Post -- "The downgrades reflect 'balance sheet damage' emanating from the increased riskiness of European sovereign debt, but they would not result in any major economic repercussions, said Michael Spence."

Excerpt from Financial News -- "Financial News commentator Roy Smith first suggested the creation of eurobonds to refinance regional debt burdens a year ago."

Excerpt from Project-Syndicate -- "The outlook for the global economy in 2012 is clear, but it isn’t pretty: recession in Europe, anemic growth at best in the United States, and a sharp slowdown in China and in most emerging-market economies." Additional coverage appeared in The Wall Street Journal blog, Gulf News, Alarabiya and Slate.

Excerpt from Livemint -- "When a government spends, its citizens eventually pay, either today or tomorrow, either through explicit taxes or implicit ones like inflation and defaults on debts."

Excerpt from Xinhua -- "I think it's perfectly natural that Chinese growth is going to slow down. The more successful and developed a country becomes, the growth rate generally starts slowing down. We expect that to be a natural trend. That's a sign of success by the way, not of problems."

Excerpt from Insurance News Net -- "The extent and timing of an issuer's access to capital markets depends on both demand and supply side factors. On the demand side are the number, wealth, intelligence, liquidity-and risk-appetites, and confidence of investors, which affects market liquidity, as well as the attractiveness of opportunities to spend or invest their money elsewhere."