Banking

Resisting Regulatory Capture in the 1857 Financial Crisis

The historical origins of financial crises teaches us about changing attitudes toward government intervention into private markets.

How Should the Law Tackle Rapidly Evolving Financial Technologies?

The last half-century has witnessed an explosion of technology changing how the financial landscape functions for customers and new and legacy banking...

The Insight and Influence of Douglas Diamond

Chicago Booth professors Zhiguo He and Yueran Ma discuss their admiration for the work and mentorship of 2022 Nobel winner Douglas Diamond.

The Digital Divide During Epidemics: Who Benefits From New Financial Technologies?

A new paper finds that exposure to an epidemic in the current year significantly increases the likelihood that an individual completes financial...

Reaching for Influence: Do Banks Use Loans to Establish Political Connections?

A new study examines whether privately-owned banks seek political influence by offering preferred loan terms to corporate borrowers with valuable political connections,...

Do People Think Finance Benefits Society?

A new paper seeks to measure popular sentiment toward finance based on mentions of “finance” in millions of books, spanning eight languages...

“This Crisis Is Different: the Coronavirus Is a Social Disease Which We Need to Tackle as a Community”

In an extensive interview, former Governor of the Reserve Bank of India and Chicago Booth professor Raghuram Rajan discusses the pandemic's impact on financial...

Over 60 Leading Finance Economists Ask SEC to Revise the Shareholder Voting Draft Reform

The new regulation that Security and Exchange Commissioners voted in November doesn't fix proxy advisory industry duopoly problems, but it actually makes them worse:...

“The Question Is Whether We Live in a Democracy or a Corporate State”

In an interview with ProMarket, Goliath author Matt Stoller discusses the political choices that led to the downfall of the American antimonopoly movement and the “addiction to...

Bethany McLean's Weekend Reading List: Google’s Secrets, Banking, and Boeing

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.    I think I've been reading too many...

LATEST NEWS

How Financial Contracting Could Help the Police Force Manage Its Aims More Effectively

Hamid Mehran proposes funded deferred pay, an incentive structure to mitigate the risk and costs of police misconduct.

Event Notes: “China’s Political Economy” in Review

The Stigler Center's "China Political Economy" webinar series returns Thursday, February 9. Here's a reminder of what we covered in our first...

To Build an Equitable Economy, We Must Understand Capitalism’s Racist Heritage

American capitalism was built on racial exploitation, from the enslavement of Black people to institutionalized discrimination and its structural impact on our...

How To Ensure Industrial Policy Promotes Public Over Private Gain

Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s...

More than Economics, Ideology Determines US Voters’ Preferences for Redistribution

The US stands out among developed economies for its comparatively low level of redistribution as a percentage of GDP. Gustavo de Souza...