U.S. oil prices have dropped to six-year lows, and the main reason is no secret. “The world is currently oversupplied,” says Smith School professor Charles E. Olson. “After years of declining production, we entered a new boom around 2008 when companies started using fracking technology to extract oil.” Other realities are less obvious, such as why companies keep pumping oil when stockpiles are full — or why gasoline
Sixteen new PhD students are beginning their academic journey at the Smith School this fall. Hailing from all across the globe and from a variety of professional and academic backgrounds, these new PhDs will be researching alongside Smith's best and brightest minds.
COLLEGE PARK, Md. (Aug. 25, 2015) — As part of an ongoing commitment to transform learning, the University of Maryland’s Robert H. Smith School of Business has appointed one of its most accomplished educators to fill a new position focused on the student experience. Professor Joyce E.A. Russell, who served as vice dean prior to the appointment, has assumed responsibilities as Senior Associate Dean of Learning.
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.
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
About the University of Maryland's Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, specialty masters, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.