Commentary
An outlet for insiders to speak freely (as they remain anonymous to the reader) on what they perceive as problematic practices in their own industry – with an emphasis on how the industry tweaks the rules of the game and captures regulation. "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice.” Adam Smith - An Inquiry into the Nature and Causes of the Wealth of Nations (1776)
Commentary
The World Cup of Fraud
Scandal-rocked FIFA has sought to scrub up its image by bringing in ostensibly disinterested outsiders to fill oversight roles. Here, Steven A. Bank argues...
Latest news
Research
Stakeholder Motivations for “Private Sanctions” Against Russia
As the war in Ukraine enters its second year, a new study measures stakeholders’ desire to see their firms exit Russia and...
Big Tech
The Wicked Problem Embodied by The Twitter Files
In response to a recent ProMarket post about the Twitter Files, professor Tom Ginsburg points out that the toughest question lies in...
News
Study Shows Universal Bank Trades Are Informed by Private Commercial Borrower Information
New research by Rainer Haselmann, Christian Leuz, and Sebastian Schreiber finds evidence suggesting that German banks with commercial lending relationships improve their...
News
Industrial Policy Is a Seductive Mirage
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s...
Antitrust and Competition
Antitrust Deregulation is Undermining Innovation
A 2000 amendment to the Hart-Scott-Rodino Act made it easier for firms to merge without notifying US antitrust authorities. In new research,...
Commentary
The Real Danger of the Twitter Files
The Editor-in-chief of the Italian news publication Domani shares his concerns about what's been left out of the controversial Twitter Files conversation...
Culture & Society
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...
