Last week the Swiss National Bank unexpectedly dropped the currency peg they’ve maintained since 2011, a move that bankrupted several retail foreign exchange brokerages worldwide. The lack of coordinated regulation contributes to the reputation of foreign exchange as the Wild West among investors, writes Kristen Fanarakis from the
Would you (or someone you know) buy customizable fashion jewelry? It’s a question entrepreneur Seble Alemayehu, MBA ’12, hopes to figure out by the end of her eight weeks participating in a new program at the University of Maryland. She and 16 other UMD alumni hoping to launch startups this year are getting the help they need to get their venture off the ground with the Dingman Center for Entrepreneurship’s Jumpstart program.
Today’s vote by the European Central Bank to print more than 1 trillion euros for buying government bonds and other financial assets would have some benefits but would not solve the region’s long-term challenges. That is the assessment of Phillip Swagel and
By Anil K. Gupta
China’s latest GDP data released today reinforce the widely held belief that the days of breakneck economic growth are indeed coming to an end. At 7.4 percent, the reported growth rate for 2014 is the slowest since 1990. Read more...
U.S.-based multinational corporations move an average of $12 billion in taxable income back into the country each year, tax free, through complex mergers and acquisitions. That’s according to new research by Emanuel Zur, an assistant professor of business at the University of Maryland’s Robert H. Smith School of Business, and two coauthors. "This is the first time anyone has provided large-scale