Financial Markets
How Do Cultural Stereotypes Spread Through Multinational Banks?
In new research, Barry Eichengreen and Orkun Saka find that trust, shaped by cultural stereotypes, partially determines how multilateral banks decide which countries’ sovereign...
Bethany McLean’s Weekend Reading List: Warnings Unheeded, Stock Selling, and the Chinese Cover-Up
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.
I had an utterly irrational sliver of...
How Covid-19 Infected Global Financial Markets: a Webinar
Princeton Professor Markus Brunnermeier and Torsten Slok, Chief Economist for Deutsche Bank Securities, discuss what happened during Wall Street's worst week since the 2008...
The ECB Can Save the Italian Economy and Prevent a New Euro Crisis Triggered by Covid-19 Fallout
The Italian government's effort to contain the coronavirus will have significant economic consequences. Italy should be allowed to ask for emergency help with one...
How Politicians Intensify Financial Cycles: 300 Years of Pro-Cyclical Regulation
Three hundred years of financial regulation offer a cautionary tale to today’s push against yesterday’s regulations. This column revisits the political economy of financial...
10th Year of Chicago Booth/Kellogg School’s Financial Trust Index Shows an Uptick of Public Faith in Markets
A decade after the financial crisis, average faith in market institutions is recovering—especially among high-income individuals and Republicans—while trust in government is on a...
Wider and Direct Access to Financial Market Infrastructure Is the Next Step for a More Competitive Financial Market
The potential impact of Europe's revised Payment Services Directive, known as PSD2, should not be underestimated, as banks adapt to a flatter and more competitive...
