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Ten Student Ventures Win Entrepreneurial Awards

July 28, 2020
School of Management

“We are grateful for the alumni who have contributed funding and time to support the Donor-Funded Entrepreneurial Awards program. The students selected for this year’s cohort truly embody Yale SOM’s motto of “educating students for business and society,” said Jennifer McFadden,...

Continue reading “Ten Student Ventures Win Entrepreneurial Awards ”

News in Systemic Risk: Tuesday, July 28, 2020 (10 a.m. ET)

July 28, 2020
Federal Reserve Board announces an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30 (Federal Reserve Board of Governors) Strains in Offshore US Dollar Funding during the COVID-19 Crisis : Some Observations (Adolfo Barajas, Andrea Deghi, Salih Fendoglu, Yizhi Xu; International Monetary Fund) "Quick Response" Economic Stimulus: The Effect of Small-Value Digital Coupons on Spending (Jianwei Xing, Eric Zou, Zhentao Yin, Yong Wang; National Bureau of Economic Research) A possible IMF Pandemic Support Facility for emerging-market countries (Matthew Fisher, Adnan Mazarei; Peterson Institute for International Economics) GOP Releases Coronavirus Relief Proposal After Delay (Andrew Duehren; Wall Street Journal) EU fund managers back fee changes to Mifid II trading rules (Philip Stafford; Financial Times) Continue reading “News in Systemic Risk: Tuesday, July 28, 2020 (10 a.m. ET)”

Two Mission-Driven Organizations Come Together

July 28, 2020
The Broad Center in Los Angeles is currently being transformed into The Broad Center at Yale SOM, which will continue to offer programs to bolster public education leadership. We talked with former Broad Center staffer Sarah Thompson ’21 and alumnus Joe Gramelspacher ’21, who have found at Yale SOM an environment that complements TBC’s focus on promoting educational equity. Continue reading “Two Mission-Driven Organizations Come Together”

Update on the progress of the World Bank’s COVID-19 response efforts

July 27, 2020
In March the World Bank Group (WBG) announced $14 billion in fast-track financing to help countries respond to the COVID-19 pandemic. Since then, the WBG has provided approximately $8.3 billion in both fast-track and other financing for 339 projects across 117 countries (see here). The following lists the elements comprising the package. $8 billion from the International Finance Corporation (IFC) $2.7 billion from the International Bank for Reconstruction and Development (IBRD) $1.3 billion from the International Development Association (IDA) $2 billion reprioritized from existing World Bank projects towards COVID-19 relief Continue reading “Update on the progress of the World Bank’s COVID-19 response efforts”

News in Systemic Risk: Monday, July 27, 2020 (10 a.m. ET)

July 27, 2020
RBI releases the Financial Stability Report, July 2020 (Reserve Bank of India) The Reserve Bank's Operations – Liquidity, Market Function and Funding (Christopher Kent; Reserve Bank of Australia) Production and financial networks in interplay: crisis evidence from supplier-customer and credit registers (Universitat Pompeu Fabra) IMF lifts limits on financial support facilities (Central Banking) Lagarde hails EU fiscal-monetary co-ordination (Central Banking) Fed Outlook Turns Gloomier as Coronavirus Spreads (Nick Timiraos; Wall Street Journal) Quantitative easing and helicopter money: Not so distant cousins (Alex Cukierman; VoxEu) Continue reading “News in Systemic Risk: Monday, July 27, 2020 (10 a.m. ET)”

Banks’ Second-Quarter Results Boosted by Non-Interest Income and Official Support

July 24, 2020
In the midst of the COVID-19 lockdown, earnings beat expectations for most large US banks in the second quarter, as a surge in non-interest income offset rising loan-loss provisions, and banks benefitted from Federal Reserve liquidity programs and regulatory forbearance. Continue reading “Banks’ Second-Quarter Results Boosted by Non-Interest Income and Official Support”

The Federal Reserve expands eligible counterparties and agents in three emergency facilities

July 24, 2020
On July 23, the Federal Reserve expanded eligible counterparties and agents in three emergency lending facilities: the Term Asset-Backed Securities Loan Facility (TALF), the Commercial Paper Funding Facility (CPFF), and the Secondary Market Corporate Credit Facility (SMCCF). This move is aimed at increasing the Fed’s operational capacity and reach into the targeted markets. Continue reading “The Federal Reserve expands eligible counterparties and agents in three emergency facilities”

Ten Student Ventures Win Entrepreneurial Awards

July 28, 2020
School of Management

“We are grateful for the alumni who have contributed funding and time to support the Donor-Funded Entrepreneurial Awards program. The students selected for this year’s cohort truly embody Yale SOM’s motto of “educating students for business and society,” said Jennifer McFadden,...

Continue reading “Ten Student Ventures Win Entrepreneurial Awards ”

News in Systemic Risk: Tuesday, July 28, 2020 (10 a.m. ET)

July 28, 2020
Federal Reserve Board announces an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30 (Federal Reserve Board of Governors) Strains in Offshore US Dollar Funding during the COVID-19 Crisis : Some Observations (Adolfo Barajas, Andrea Deghi, Salih Fendoglu, Yizhi Xu; International Monetary Fund) "Quick Response" Economic Stimulus: The Effect of Small-Value Digital Coupons on Spending (Jianwei Xing, Eric Zou, Zhentao Yin, Yong Wang; National Bureau of Economic Research) A possible IMF Pandemic Support Facility for emerging-market countries (Matthew Fisher, Adnan Mazarei; Peterson Institute for International Economics) GOP Releases Coronavirus Relief Proposal After Delay (Andrew Duehren; Wall Street Journal) EU fund managers back fee changes to Mifid II trading rules (Philip Stafford; Financial Times) Continue reading “News in Systemic Risk: Tuesday, July 28, 2020 (10 a.m. ET)”

Two Mission-Driven Organizations Come Together

July 28, 2020
The Broad Center in Los Angeles is currently being transformed into The Broad Center at Yale SOM, which will continue to offer programs to bolster public education leadership. We talked with former Broad Center staffer Sarah Thompson ’21 and alumnus Joe Gramelspacher ’21, who have found at Yale SOM an environment that complements TBC’s focus on promoting educational equity. Continue reading “Two Mission-Driven Organizations Come Together”

Update on the progress of the World Bank’s COVID-19 response efforts

July 27, 2020
In March the World Bank Group (WBG) announced $14 billion in fast-track financing to help countries respond to the COVID-19 pandemic. Since then, the WBG has provided approximately $8.3 billion in both fast-track and other financing for 339 projects across 117 countries (see here). The following lists the elements comprising the package. $8 billion from the International Finance Corporation (IFC) $2.7 billion from the International Bank for Reconstruction and Development (IBRD) $1.3 billion from the International Development Association (IDA) $2 billion reprioritized from existing World Bank projects towards COVID-19 relief Continue reading “Update on the progress of the World Bank’s COVID-19 response efforts”

News in Systemic Risk: Monday, July 27, 2020 (10 a.m. ET)

July 27, 2020
RBI releases the Financial Stability Report, July 2020 (Reserve Bank of India) The Reserve Bank's Operations – Liquidity, Market Function and Funding (Christopher Kent; Reserve Bank of Australia) Production and financial networks in interplay: crisis evidence from supplier-customer and credit registers (Universitat Pompeu Fabra) IMF lifts limits on financial support facilities (Central Banking) Lagarde hails EU fiscal-monetary co-ordination (Central Banking) Fed Outlook Turns Gloomier as Coronavirus Spreads (Nick Timiraos; Wall Street Journal) Quantitative easing and helicopter money: Not so distant cousins (Alex Cukierman; VoxEu) Continue reading “News in Systemic Risk: Monday, July 27, 2020 (10 a.m. ET)”

Banks’ Second-Quarter Results Boosted by Non-Interest Income and Official Support

July 24, 2020
In the midst of the COVID-19 lockdown, earnings beat expectations for most large US banks in the second quarter, as a surge in non-interest income offset rising loan-loss provisions, and banks benefitted from Federal Reserve liquidity programs and regulatory forbearance. Continue reading “Banks’ Second-Quarter Results Boosted by Non-Interest Income and Official Support”

The Federal Reserve expands eligible counterparties and agents in three emergency facilities

July 24, 2020
On July 23, the Federal Reserve expanded eligible counterparties and agents in three emergency lending facilities: the Term Asset-Backed Securities Loan Facility (TALF), the Commercial Paper Funding Facility (CPFF), and the Secondary Market Corporate Credit Facility (SMCCF). This move is aimed at increasing the Fed’s operational capacity and reach into the targeted markets. Continue reading “The Federal Reserve expands eligible counterparties and agents in three emergency facilities”