The Negative-Interest Rate Experiment: Mixed Results

Central bankers in Japan and the Europe Union are at their wits' end in trying to figure how to generate demand and stave off deflation. Both banks have dropped interest rates into negative territory, encouraging spending by making saving literally costly. Yet the publics of the two economic regions have reacted differently. Each is unhappy for a different reason. Smith School professor Haluk Ünal explains why negative interest rates can't solve all the problems of Europe and Japan. Read more ...

Francesco D'Acunto

Francesco D'Acunto is an Assistant Professor of Finance at the Smith School of Business of the University of Maryland. His research interests focus on empirical corporate finance, entrepreneurial finance and innovation, and cultural finance. Prior to joining the Smith School, D'Acunto earned a M.Sc. and Ph.d. in finance from the Haas School of Business, UC Berkeley, and a M.A. in Economics and Business Law from the Università di Tor Vergata, Italy. 

Buffett’s Letter: Don’t Bet Against the U.S. Economy

Vexed politicians and Election 2016 voters might scoff. But investor Warren Buffett’s economic outlook, expressed in a letter and subsequent CNBC interview, is cautiously optimistic. Smith School finance professor David Kass, a close follower of Buffett’s investment strategy since 1980 and a Berkshire shareholder, says the view isn't unexpected. Read more...

Will Britain Say Farewell to the E.U.?

The debate over whether Great Britain should exit the E.U. — to "Brexit" or not to "Brexit"? — is rippling outward from Europe into the world's major financial markets. Proponents of an exit think that Britain can follow the model of Switzerland, negotiating good trade deals with E.U. nations individually. But the Smith School's Albert "Pete" Kyle thinks the the E.U. will be inclined to make things tougher than that for the British. Read more ...

Giving Day is March 3

Giving Day returns to the University of Maryland on Thursday, March 3, giving all members of the Robert H. Smith School of Business community the opportunity to boost their contributions through several hourly contests held across campus. From noon until 2 p.m., the Smith faculty and staff’s donations will be eligible for an extra $3,000 prize to be awarded to the Smith School - if they can donate the most money of any on-campus unit within that timeframe.


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