Finance
Academic Gatekeepers, Real and Imagined, Are Threatening the Credibility of the Field of Political Finance
One objective of political finance is to hold power to account. However, gatekeeping, both direct and indirect, is keeping important work from being conducted...
The Incoming Currency War
Four powerful forces—cryptocurrencies, the decoupling of geographical and monetary boundaries, ad-based digital platforms’ foray into the world of payments, and the value of data—are...
How Protests Against the Jim Crow Credit Market Changed the Civil Rights Movement
Before the civil rights movement captured the nation’s attention, activists and community groups were protesting against exploitative credit and exclusionary lending practices rooted in...
GameStop, the Cantillon Effect, and America’s Corrupt Financial Plumbing
The GameStop frenzy, far from a morality tale of the people showing up Wall Street elites, should show that something is seriously off-kilter about...
Wirecard Scandal: When All Lines of Defense Against Corporate Fraud Fail
Scandals such as Wirecard can destroy investor trust in capital markets working fairly and with integrity. A new policy brief commissioned by the European...
How Hedge Fund Performance Fees Fail Investors
In the hedge fund industry, there is a material disconnect between funds’ lifetime performance and lifetime incentive fees for managers. A new study analyzes...
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 and hundreds...
Call for Papers: Should Corporations Have a Social Purpose?
The Stigler Center is launching its fourth Political Economy of Finance conference and seeking papers on topics related to corporate social responsibility, the purpose...
From Politics to Macroeconomics and Beyond
Alberto Alesina’s curiosity and intellect led him to a research path that opened up entire fields of research and deepened our understanding of political...
The Coronavirus Crisis Has Exposed Private Equity’s Unsustainable Business Model
Private equity portfolio companies are heavily indebted, and they aren’t generating enough cash to service debts. The steady increase in asset values since 2009...
