Found 496 article(s) in category 'Financial Services'

Max Bazerman on preventing the next financial crisis, behavioral ethics, and becoming good decision makers

Max Bazerman on preventing the next financial crisis, behavioral ethics, and becoming good decision makers February 2018. GrowthPolicy’s Devjani Roy interviewed Max Bazerman, Jesse Isidor Straus Professor of Business Administration at Harvard Business School, Co-Director of the Center for Public Leadership at Harvard Kennedy School, and Faculty Co-Chair of the Behavioral Insights Group at the […]

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Stock market could drop by a third

Stock market could drop by a third. Martin Feldstein, February 5, 2018, Video, “A prominent Harvard economist is warning that the U.S. stock market, which on Monday extended Friday’s big drop — is set for a drop of as much as a third of its current value, an outlook that would entail the Dow Jones Industrial Average tumbling to approximately 16,000 from its current lofty level.Link

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Allen Ferrell on income inequality, financial crises, Corporate Social Responsibility, and securities legislation

Allen Ferrell on income inequality, financial crises, Corporate Social Responsibility, and securities legislation January 2018. GrowthPolicy’s Devjani Roy interviewed Professor Allen Ferrell, Greenfield Professor of Securities Law at Harvard Law School, on income inequality, financial crises, Corporate Social Responsibility, and securities legislation. | Click here for more interviews like this one. Links: Allen Ferrell’s Harvard […]

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Does Sustainable Investing Lead to Lower Returns?

Does Sustainable Investing Lead to Lower Returns? George Serafeim, January 25, 2018, Paper, “Taking into account the work that the Sustainability Accounting Standards Board has done in identifying material ESG issues, industry by industry, in another study we analyzed more than 2,000 stocks over 22 years and showed that firms improving their performance on material ESG issues, such as on environmental impact in the power sector, workplace safety in the mining sector, and employee inclusiveness in the information-technology sector, have significantly higher future risk-adjusted returns. A negative screening in the oil-and-gas sector would exclude all companies, while an ESG integration approach would take into account how different firms are investing in renewable-energy generation and electric charging stations, dimensions on which Shell and Exxon Mobil, for instance, look very different. […]we documented that development of ESG funds is driven by marketing goals as opposed to investment logic.Link

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Trade Invoicing, Bank Funding, and Central Bank Reserve Holdings

Trade Invoicing, Bank Funding, and Central Bank Reserve Holdings. Gita Gopinath, Jeremy Stein, 2018, Paper, “In recent work (Gopinath and Stein (2017)) we explore how a currency like the dollar can become entrenched as a dominant global currency, focusing on the two-way feedback between trade invoicing and banking structure. The basic idea is that when a larger share of a country’s imports are invoiced in dollars, its citizens have a greater demand for dollar-denominated safe claims.Link

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US economy is in great shape, but very fragile

US economy is in great shape, but very fragile. Martin Feldstein, January 19, 2018, Video, “In a sea of bulls, one bear has emerged: Harvard University professor Martin Feldstein said on Friday that rising interest rates could send stocks into a downward spiral.  In March, the Federal Reserve is expected to announce its policy rate hike outlook for 2018. In September, Fed officials predicted it would raise rates three times in 2018 and twice more in 2019.” Link

 

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