Yale School of Management

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News in Systemic Risk: Thursday, June 25, 2020 (10 a.m. ET)

June 25, 2020
Global Financial Stability Report Update: Financial Conditions Have Eased, but Insolvencies Loom Large (International Monetary Fund) New Eurosystem repo facility to provide euro liquidity to non-euro area central banks (European Central Bank) Predictable Financial Crises (Robin Greenwood, Samuel G. Hanson, Andrei Shleifer, Jakob Ahm Sørensen; National Bureau of Economic Research) Economic Crisis, General Laws, and the Mid-Nineteenth-Century Transformation of American Political Economy (Naomi R. Lamoreaux, John Joseph Wallis; National Bureau of Economic Research) ECB Tackles German Court Ruling With Claim QE Helps the Economy (Carolyn Look; Bloomberg) The Fed must address the penalties for ‘banking while black’ (Karen Petrou; Financial Times) Continue reading “News in Systemic Risk: Thursday, June 25, 2020 (10 a.m. ET)”

[VIRTUAL] Conference Recap: Interdisciplinary Perspectives on Infrastructure

June 24, 2020
Will Goetzmann 1

In early June, the ICF hosted a two-day virtual conference about the “Interdisciplinary Perspectives on Infrastructure.” ICF Faculty Director, William Goetzmann, and ICF Deputy Director, Geert Rouwenhorst, organized the conference jointly with Pierre-Cyrille Hautcoeur (Paris...

Continue reading “[VIRTUAL] Conference Recap: Interdisciplinary Perspectives on Infrastructure”

News in Systemic Risk: Wednesday, June 24, 2020 (10 a.m. ET)

June 24, 2020
The ECB’s monetary policy response to the pandemic: liquidity, stabilisation and supporting the recovery (Phillip R. Lane; European Central Bank) Central banks and payments in the digital era (Bank of International Settlements) What do recoveries from past US recessions teach us about the recovery from the pandemic recession? (Robert Hall, Marianna Kudlyak; VoxEU) The euro area’s stimulus is less stingy than in past crises (The Economist) China's debt relief to support some stressed emerging markets: Fitch (Tom Arnold; Reuters) Bank of Thailand Sees 8.1% Contraction, Pledges More Support (Suttinee Yuvejwattana, Chester Yung; Bloomberg) Continue reading “News in Systemic Risk: Wednesday, June 24, 2020 (10 a.m. ET)”

Korea Announces New Deal Budget Proposal Aimed at Developing its Post-COVID Economy

June 23, 2020
The Korean government recently released a new proposal to increase the 2020 budget to promote recovery following the economic shock caused by the COVID-19 pandemic. The proposal intends to promote economic growth and employment over the next few years. Total support is valued at KRW 35.3 trillion ($29 billion), funded through debt issuance (67 percent), restructuring spending and prioritizing the measures outlined in the bill above other government expenses (29 percent) and borrowing from social security funds (4 percent). Continue reading “Korea Announces New Deal Budget Proposal Aimed at Developing its Post-COVID Economy”

Video: Liwei Wang ’20 Discusses Multimedia Project ‘Chinatown Stories’

June 23, 2020
Liwei Wang ’20, a joint-degree graduate of Yale SOM and  the Yale School of Architecture, recently discussed Chinatown Stories, a multimedia project he developed as an architecture studio exercise with School of Architecture classmates Ray Wu and Winston Yuen, in an episode of the Schwarzman Center’s web series, One. Continue reading “Video: Liwei Wang ’20 Discusses Multimedia Project ‘Chinatown Stories’”

Nonprofits Are Our Essential Workers During the Covid-19 Crisis: We Should Provide the Capital They Need to Succeed

June 23, 2020
Students

Completing our business school education during the time of COVID-19 has been an eye-opening experience. Our studies in systems thinking and leadership offer a unique lens to view the significant flaws in America’s institutions and shortcomings in national leadership exposed by this crisis. We...

Continue reading “Nonprofits Are Our Essential Workers During the Covid-19 Crisis: We Should Provide the Capital They Need to Succeed”

News in Systemic Risk: Tuesday, June 23, 2020 (10 a.m. ET)

June 23, 2020
Financial stability and the pandemic crisis (Luis de Guindos; European Central Bank) Financial Vulnerability and Risks to Growth in Emerging Markets (Viral V. Acharya, Soumya Bhadury, Jay Surti; National Bureau of Economic Research) Preserving capital in the financial sector to weather the storm (Thorsten Beck, Francesco Mazzaferro, Richard Portes, Jean Quin, Christian Schett; VoxEU) From physical to financial contagion: the COVID-19 pandemic and increasing systemic risk among banks (Eduard Baumöhl, Elie Bouri, Thi-Hong-Van Hoang, Syed Jawad Hussain Shahzad, Tomáš Výrost; EconStor) Coronavirus: Bank of England rescued government, reveals governor (Ed Conway, Andrew Bailey; Sky News) Continue reading “News in Systemic Risk: Tuesday, June 23, 2020 (10 a.m. ET)”

News in Systemic Risk: Monday, June 22, 2020 (10 a.m. ET)

June 22, 2020
Central Bank Reserves Can't Be Taken for Granted (Andrew Bailey; Bank of England) The current crisis and the challenges it poses for economic and monetary policy (Jens Weidmann; Deutsche Bundesbank) The Distributional Impact of Recessions: the Global Financial Crisis and the Pandemic Recession (Ippei Shibata; International Monetary Fund) Shadow Bank Runs (David Andolfatto, Ed Nosal; Federal Reserve Bank of St. Louis) Bank Complexity, Governance, and Risk (Ricardo Correa, Linda S. Goldberg; Federal Reserve Bank of New York) The impact of COVID-19 on insurers (Divya Kirti, Mu Yang Shin; VoxEU) Continue reading “News in Systemic Risk: Monday, June 22, 2020 (10 a.m. ET)”

News in Systemic Risk: Thursday, June 25, 2020 (10 a.m. ET)

June 25, 2020
Global Financial Stability Report Update: Financial Conditions Have Eased, but Insolvencies Loom Large (International Monetary Fund) New Eurosystem repo facility to provide euro liquidity to non-euro area central banks (European Central Bank) Predictable Financial Crises (Robin Greenwood, Samuel G. Hanson, Andrei Shleifer, Jakob Ahm Sørensen; National Bureau of Economic Research) Economic Crisis, General Laws, and the Mid-Nineteenth-Century Transformation of American Political Economy (Naomi R. Lamoreaux, John Joseph Wallis; National Bureau of Economic Research) ECB Tackles German Court Ruling With Claim QE Helps the Economy (Carolyn Look; Bloomberg) The Fed must address the penalties for ‘banking while black’ (Karen Petrou; Financial Times) Continue reading “News in Systemic Risk: Thursday, June 25, 2020 (10 a.m. ET)”

[VIRTUAL] Conference Recap: Interdisciplinary Perspectives on Infrastructure

June 24, 2020
Will Goetzmann 1

In early June, the ICF hosted a two-day virtual conference about the “Interdisciplinary Perspectives on Infrastructure.” ICF Faculty Director, William Goetzmann, and ICF Deputy Director, Geert Rouwenhorst, organized the conference jointly with Pierre-Cyrille Hautcoeur (Paris...

Continue reading “[VIRTUAL] Conference Recap: Interdisciplinary Perspectives on Infrastructure”

News in Systemic Risk: Wednesday, June 24, 2020 (10 a.m. ET)

June 24, 2020
The ECB’s monetary policy response to the pandemic: liquidity, stabilisation and supporting the recovery (Phillip R. Lane; European Central Bank) Central banks and payments in the digital era (Bank of International Settlements) What do recoveries from past US recessions teach us about the recovery from the pandemic recession? (Robert Hall, Marianna Kudlyak; VoxEU) The euro area’s stimulus is less stingy than in past crises (The Economist) China's debt relief to support some stressed emerging markets: Fitch (Tom Arnold; Reuters) Bank of Thailand Sees 8.1% Contraction, Pledges More Support (Suttinee Yuvejwattana, Chester Yung; Bloomberg) Continue reading “News in Systemic Risk: Wednesday, June 24, 2020 (10 a.m. ET)”

Korea Announces New Deal Budget Proposal Aimed at Developing its Post-COVID Economy

June 23, 2020
The Korean government recently released a new proposal to increase the 2020 budget to promote recovery following the economic shock caused by the COVID-19 pandemic. The proposal intends to promote economic growth and employment over the next few years. Total support is valued at KRW 35.3 trillion ($29 billion), funded through debt issuance (67 percent), restructuring spending and prioritizing the measures outlined in the bill above other government expenses (29 percent) and borrowing from social security funds (4 percent). Continue reading “Korea Announces New Deal Budget Proposal Aimed at Developing its Post-COVID Economy”

Video: Liwei Wang ’20 Discusses Multimedia Project ‘Chinatown Stories’

June 23, 2020
Liwei Wang ’20, a joint-degree graduate of Yale SOM and  the Yale School of Architecture, recently discussed Chinatown Stories, a multimedia project he developed as an architecture studio exercise with School of Architecture classmates Ray Wu and Winston Yuen, in an episode of the Schwarzman Center’s web series, One. Continue reading “Video: Liwei Wang ’20 Discusses Multimedia Project ‘Chinatown Stories’”

Nonprofits Are Our Essential Workers During the Covid-19 Crisis: We Should Provide the Capital They Need to Succeed

June 23, 2020
Students

Completing our business school education during the time of COVID-19 has been an eye-opening experience. Our studies in systems thinking and leadership offer a unique lens to view the significant flaws in America’s institutions and shortcomings in national leadership exposed by this crisis. We...

Continue reading “Nonprofits Are Our Essential Workers During the Covid-19 Crisis: We Should Provide the Capital They Need to Succeed”

News in Systemic Risk: Tuesday, June 23, 2020 (10 a.m. ET)

June 23, 2020
Financial stability and the pandemic crisis (Luis de Guindos; European Central Bank) Financial Vulnerability and Risks to Growth in Emerging Markets (Viral V. Acharya, Soumya Bhadury, Jay Surti; National Bureau of Economic Research) Preserving capital in the financial sector to weather the storm (Thorsten Beck, Francesco Mazzaferro, Richard Portes, Jean Quin, Christian Schett; VoxEU) From physical to financial contagion: the COVID-19 pandemic and increasing systemic risk among banks (Eduard Baumöhl, Elie Bouri, Thi-Hong-Van Hoang, Syed Jawad Hussain Shahzad, Tomáš Výrost; EconStor) Coronavirus: Bank of England rescued government, reveals governor (Ed Conway, Andrew Bailey; Sky News) Continue reading “News in Systemic Risk: Tuesday, June 23, 2020 (10 a.m. ET)”

News in Systemic Risk: Monday, June 22, 2020 (10 a.m. ET)

June 22, 2020
Central Bank Reserves Can't Be Taken for Granted (Andrew Bailey; Bank of England) The current crisis and the challenges it poses for economic and monetary policy (Jens Weidmann; Deutsche Bundesbank) The Distributional Impact of Recessions: the Global Financial Crisis and the Pandemic Recession (Ippei Shibata; International Monetary Fund) Shadow Bank Runs (David Andolfatto, Ed Nosal; Federal Reserve Bank of St. Louis) Bank Complexity, Governance, and Risk (Ricardo Correa, Linda S. Goldberg; Federal Reserve Bank of New York) The impact of COVID-19 on insurers (Divya Kirti, Mu Yang Shin; VoxEU) Continue reading “News in Systemic Risk: Monday, June 22, 2020 (10 a.m. ET)”