Found 34 article(s) for author 'Mark Roe'

London Whale is the Cost of Too Big to Fail

London Whale is the Cost of Too Big to Fail. Mark Roe, March 25, 2013, Opinion. “The report by the US Senate staff on JPMorgan Chase’s “London Whale” trades, delivered last Friday, excoriates the bank for failing to make the full extent of the problem known to regulators and the public. But a focus on who knew what when can result in missing the big point: the cost of our too-big-to-fail banks is even heftier than is widely appreciated.The conventional wisdom in many circles is that the losses caused by the trades are regrettable but we can all move on…” Link verified June 19, 2014

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Are Stock Markets Really Becoming More Short Term?

Are Stock Markets Really Becoming More Short Term? Mark Roe, February 21, 2013, Opinion. “In a recent commentary, I examined whether increasing pressure from more rapid stock trading is inducing corporate managers to obsess more over quarterly results, impairing their capacity to run their firms for the long term. But I noted how pressures from governments and rapid technological change are potentially just as powerful as those from stock-market trading. How carefully can one plan for the long term in, say, the eurozone, if the currency itself is at risk? And how long should brick-and-mortar retailers’ time horizons…” Link verified March 28, 2014

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Empowering Financial Bankruptcy

Empowering Financial Bankruptcy. Mark Roe, January 13, 2013, Opinion. “Four of the world’s most important financial regulators – the Bank of England, Germany’s Federal Financial Supervisory Authority (BaFin), the US Federal Deposit Insurance Corporation, and the Swiss Financial Market Supervisory Authority – recently asked the world’s derivatives industry to change the way it does business. The question now is whether the regulators can make that happen with a request, as opposed to something more substantial. That will not be easy. The regulators’ tersely worded letter to the International Swaps and Derivatives…” Link verified March 28, 2014

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Political Instability: Effects on Financial Development, Roots in the Severity of Economic Inequality

Political Instability: Effects on Financial Development, Roots in the Severity of Economic Inequality. Mark Roe and Jordan Siegel, February 3, 2011, Paper. “We here bring forward strong evidence that political instability impedes financial development, with its variation a primary determinant of differences in financial development around the world. As such, it needs to be added to the short list of major determinants of financial development. First, structural conditions first postulated by Engerman and Sokoloff (2002) as generating long-term inequality are shown here empirically to be exogenous determinants of political instability…” Link

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