Yale School of Management

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Internship Spotlight Podcast: Ann Boyajian ’21, Emily Kling ’21, and Edward Kusell-Zigelman ’21, CariClub

July 22, 2020
The first episode in a special mini-series of the Career Conversations podcast focused on MBA summer internships. We’re talking with rising second-year MBA students about their summer internships, where they are applying the lessons of their first year at Yale SOM. Continue reading “Internship Spotlight Podcast: Ann Boyajian ’21, Emily Kling ’21, and Edward Kusell-Zigelman ’21, CariClub”

News in Systemic Risk: Tuesday, July 21, 2020 (10 a.m. ET)

July 21, 2020
Dominant Currencies and External Adjustment (International Monetary Fund) Effects of credit restrictions in the Netherlands and lessons for macroprudential policy (Gabriele Galati, Jan Kakes, Richhild Moessner; Bank for International Settlements) Financial Fragility in the COVID-19 Crisis: The Case of Investment Funds in Corporate Bond Markets (Antonio Falato, Itay Goldstein, Ali Hortaçsu; National Bureau of Economic Research) The euro needs sound and pragmatic long-term policies more than ever (Heikki Oksanen; VoxEu) EU reaches historic deal on pandemic recovery after fractious summit (Jan Strupczewski, John Chalmers, Robin Emmott; Reuters) Fed Corporate Bond Buying Opens Up Debate Over Climate Stance (Michael S. Derby; Wall Street Journal) Continue reading “News in Systemic Risk: Tuesday, July 21, 2020 (10 a.m. ET)”

Jack Rong ’20 Launches Canada-Based Search Fund Suncordy Pacific

By: A. J. Wasserstein July 20, 2020
Jack Rong

Growing up in an entrepreneurial family, Rong has always been interested in entrepreneurship. He discovered the search fund concept during his time at Yale and immediately took to its approach to entrepreneurship. After taking Entrepreneurship through Acquisition, a course that focuses on the...

Continue reading “Jack Rong ’20 Launches Canada-Based Search Fund Suncordy Pacific”

Utilization of Credit Support Programs for SMEs

July 20, 2020
In response to the COVID-19 pandemic, governments have implemented a variety of programs to support small- and medium-sized enterprises (SMEs). A large portion of these programs are designed to facilitate credit access. These programs range in size, eligibility, and terms. YPFS has begun to compile usage information on 26 major programs across 16 countries. The information can be found in this spreadsheet.   Continue reading “Utilization of Credit Support Programs for SMEs”

Fed Expands Main Street Lending Program to Include Nonprofits

July 20, 2020
On July 17, the Federal Reserve expanded eligibility for the Main Street Lending Program (MSLP) to include nonprofit organizations such as educational institutions, hospitals, and social service organizations. The Fed will purchase 95% participations in loans to nonprofits under terms that are similar to terms it previously announced for for-profit companies, with additional criteria tailored to non-profit organizations. Continue reading “Fed Expands Main Street Lending Program to Include Nonprofits”

News in Systemic Risk: Monday, July 20, 2020 (10 a.m. ET)

July 20, 2020
Former Fed Chairs Bernanke and Yellen testified on COVID-19 and response to economic crisis (Ben Bernanke, Janet Yellen; Brookings Institution) Confusion over Nigerian central bank’s exchange rate policy (Central Banking) Bank of Greece proposes ‘bad bank’ for NPLs (Central Banking) Bank Complexity, Governance, and Risk (Ricardo Correa, Linda S. Goldberg; National Bureau of Economic Research) Federal Reserve Board modifies Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations (Federal Reserve) Russia seen cutting rates by at least 25 basis points on Friday: Reuters poll (Elena Fabrichnaya, Andrey Ostroukh; Reuters) EU Closes In on Stimulus Deal With Major Obstacle Overcome (Boris Groendahl, Jonathan Stearns; Bloomberg) Fed’s Kaplan Open to Overshooting Inflation Target to Provide More Support (Nick Timiraos; Wall Street Journal) Continue reading “News in Systemic Risk: Monday, July 20, 2020 (10 a.m. ET)”

Internship Spotlight Podcast: Ann Boyajian ’21, Emily Kling ’21, and Edward Kusell-Zigelman ’21, CariClub

July 22, 2020
The first episode in a special mini-series of the Career Conversations podcast focused on MBA summer internships. We’re talking with rising second-year MBA students about their summer internships, where they are applying the lessons of their first year at Yale SOM. Continue reading “Internship Spotlight Podcast: Ann Boyajian ’21, Emily Kling ’21, and Edward Kusell-Zigelman ’21, CariClub”

News in Systemic Risk: Tuesday, July 21, 2020 (10 a.m. ET)

July 21, 2020
Dominant Currencies and External Adjustment (International Monetary Fund) Effects of credit restrictions in the Netherlands and lessons for macroprudential policy (Gabriele Galati, Jan Kakes, Richhild Moessner; Bank for International Settlements) Financial Fragility in the COVID-19 Crisis: The Case of Investment Funds in Corporate Bond Markets (Antonio Falato, Itay Goldstein, Ali Hortaçsu; National Bureau of Economic Research) The euro needs sound and pragmatic long-term policies more than ever (Heikki Oksanen; VoxEu) EU reaches historic deal on pandemic recovery after fractious summit (Jan Strupczewski, John Chalmers, Robin Emmott; Reuters) Fed Corporate Bond Buying Opens Up Debate Over Climate Stance (Michael S. Derby; Wall Street Journal) Continue reading “News in Systemic Risk: Tuesday, July 21, 2020 (10 a.m. ET)”

Jack Rong ’20 Launches Canada-Based Search Fund Suncordy Pacific

By: A. J. Wasserstein July 20, 2020
Jack Rong

Growing up in an entrepreneurial family, Rong has always been interested in entrepreneurship. He discovered the search fund concept during his time at Yale and immediately took to its approach to entrepreneurship. After taking Entrepreneurship through Acquisition, a course that focuses on the...

Continue reading “Jack Rong ’20 Launches Canada-Based Search Fund Suncordy Pacific”

Utilization of Credit Support Programs for SMEs

July 20, 2020
In response to the COVID-19 pandemic, governments have implemented a variety of programs to support small- and medium-sized enterprises (SMEs). A large portion of these programs are designed to facilitate credit access. These programs range in size, eligibility, and terms. YPFS has begun to compile usage information on 26 major programs across 16 countries. The information can be found in this spreadsheet.   Continue reading “Utilization of Credit Support Programs for SMEs”

Fed Expands Main Street Lending Program to Include Nonprofits

July 20, 2020
On July 17, the Federal Reserve expanded eligibility for the Main Street Lending Program (MSLP) to include nonprofit organizations such as educational institutions, hospitals, and social service organizations. The Fed will purchase 95% participations in loans to nonprofits under terms that are similar to terms it previously announced for for-profit companies, with additional criteria tailored to non-profit organizations. Continue reading “Fed Expands Main Street Lending Program to Include Nonprofits”

News in Systemic Risk: Monday, July 20, 2020 (10 a.m. ET)

July 20, 2020
Former Fed Chairs Bernanke and Yellen testified on COVID-19 and response to economic crisis (Ben Bernanke, Janet Yellen; Brookings Institution) Confusion over Nigerian central bank’s exchange rate policy (Central Banking) Bank of Greece proposes ‘bad bank’ for NPLs (Central Banking) Bank Complexity, Governance, and Risk (Ricardo Correa, Linda S. Goldberg; National Bureau of Economic Research) Federal Reserve Board modifies Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations (Federal Reserve) Russia seen cutting rates by at least 25 basis points on Friday: Reuters poll (Elena Fabrichnaya, Andrey Ostroukh; Reuters) EU Closes In on Stimulus Deal With Major Obstacle Overcome (Boris Groendahl, Jonathan Stearns; Bloomberg) Fed’s Kaplan Open to Overshooting Inflation Target to Provide More Support (Nick Timiraos; Wall Street Journal) Continue reading “News in Systemic Risk: Monday, July 20, 2020 (10 a.m. ET)”