What are the risks of not raising U.S. interest rates? Kristen Fanarakis, assistant director of the Center for Financial Policy at the Smith School, shares insights. "Extended periods of low interest rates can create distortions in financial markets and excessive risk taking," she says. "I think that is the Fed's biggest concern, along with the worry that with rates already near zero they aren't well equipped to deal with another economic downturn." Read more...
What is the likelihood that the Fed will raise interest rates in September? William Longbrake, Smith School Executive in Residence and senior policy advisor at the school’s Center for Financial Policy, shares insights and assesses the risks of the various policy options. "The odds (of a rate hike) have fallen further in recent days as turmoil has engulfed global financial markets," he says. Read more...
This week’s market selloff has made a lot of people itchy to trade stocks. They want to sell before things get worse or, alternatively, maybe pick up some bargains. Smith School professor David Kass explains why you should resist the impulse to guess where the market is headed in this Smith Brain Trust Q&A. Read more...
Anne Duquerroy began the program in Fall 2011 with the French Central Bank Fellowship. Her research interests include real options thoey of corporate investment, the politics of finance, the real and financial effects of political uncertainty, the use of text data and text analysis in finance.
Xiaoyuan Hu began the program in Fall 2011. Her research interests include empirical corporate finance, corporate governance, law and finance, and financial institutions. Her working papers discuss corporate policies and customer-supplier relationships, investor monitoring from Edgar searches, and CEO cultural values and corporate fraud: evidence from China.
Wen Chen began the program in Fall 2011. Her research interests include market microstructure. Wen's working papers discuss dynamic model of the market and financialization of future markets on commodity.
Donald Bowen began the program in Fall 2012. Don comes to the Smith PhD program from the University of Rochester, where he began some of his research. His specific research interests include empirical corporate finance, international corporate finance, corporate governance, and innovation. Don's working paper explores identification strategy and technology adoption within corporate finance.
Stefano Collina began the program in Fall 2013. His research interests include empirical asset pricing, empirical markt microstructure, and financial regulation. Stefano's working paper explores commodity futures speculation and spot volatility: a conditional analysis.
Matthew Peppe began the program in Fall 2014. His research interests include asset pricing (derivatives) and market microstructure.
Jinming Xue began the program in Fall 2014. His researach interests include empirical asset pricing. Jinming's working paper explores market return predictability and industry linkages.