Albert “Pete” Kyle, the Charles E. Smith Chair Professor of Finance at the University of Maryland’s Robert H. Smith School of Business, has been named 2018 recipient of the prestigious CME Group-MSRI Prize in Innovative Quantitative Applications for his landmark contributions to the theory of economics and market structure.
Albert Pete Kyle
Albert S. (Pete) Kyle has been the Charles E. Smith Chair Professor of Finance at the University of Maryland's Robert H. Smith School of Business since 2006. He earned is B.S. degree in mathematics from Davidson College (summa cum laude, 1974), studied philosophy and economics at Oxford University as a Rhodes Scholar from Texas (Merton College, 1974-1976, and Nuffiled College, 1976-1977), and completed his Ph.D. in economics at the University of Chicago in 1981. He has been a professor at Princeton University (1981-1987), the University of California Berkeley (1987-1992), and Duke University (1992-2006).
SMITH BRAIN TRUST – Switzerland’s newest banknote begins circulating this week, and it’s an attention-grabber.
Research co-authored by Albert S. “Pete” Kyle, the Charles E. Smith Chair Professor of Finance at the University of Maryland’s Robert H. Smith School of Business, won a Special Distinction Award as part of the 2018 Harry M. Markowitz Awards from the Journal of Investment Management and New Frontier Advisors.
SMITH BRAIN TRUST – In a kind of Robinhood effect, JPMorgan Chase recently launched a new digital investing service with deeply discounted trading fees and free access to the bank’s stock research.
It’s seeking to attract younger, millennial investors and striving to fend off competition from fast-growing startups – notably Robinhood Markets Inc. – that offer unlimited, free app-enabled trading services.
SMITH BRAIN TRUST – Bitcoin continued to defy gravity this week, even as many prepared to watch it plunge. And no one seems quite sure why.
Albert “Pete” Kyle, professor of finance at the University of Maryland’s Robert H. Smith School of Business, says he believes the cryptocurrency’s plunge is inevitable. It may just be a bit delayed.
SMITH BRAIN TRUST – Today marks the 30th anniversary of Black Monday, the biggest single-day stock market drop in history. The 23 percent drop triggered many changes to the way markets were structured.
How will President Trump's proposed tax plan affect your household? And how will it change the way Americans pay their taxes, run their businesses, and buy homes? Smith School professos Albert "Pete" Kyle and Michael Faulkender have taken a look at the one-page plan, which calls for cutting the business tax rate to 15 percent and includes a one-time tax of unspecified size on dollars held overseas. It calls for reducing the top personal tax rate to 35 percent and preserves incentives for home ownership while proposing eliminating other tax loopholes. Kyle offers up these insights. Read more...
Top government economists, plus academic experts and industry leaders recently gathered to discuss the outlook for financial markets and the economy under President-elect Donald Trump.
Over your lifetime, you'll earn quite a bit of money. But it might never feel like a lot, depending on how you spend, save and prioritize. November is Financial Literacy Month, and Smith School professor Albert "Pete" Kyle has some smart saving advice for every decade of your money-making life. Read more...