Finance
What Does It Take to Create Financial Products That Can Save the Planet?
Investors are increasingly eager to contribute to solutions for climate change and other environmental problems. Charlotte Kaiser ’07 of The Nature Conservancy’s NatureVest, explains how the company builds financial products that attract mainstream capital while delivering conservation impacts.
Three Questions: Prof. Robert Shiller on Bitcoin
We asked Professor Robert Shiller, who has written about the economic and psychological aspects of market speculation, if Bitcoin is a bubble.
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How Tales of ‘Flippers’ Led to a Housing Bubble
Yale SOM's Robert Shiller writes that widely repeated narratives of getting rich in real estate drove a housing bubble a decade ago—and could do so again.
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Is Our Financial System Still at Risk?
Yale’s Andrew Metrick discusses what we learned from the last financial crisis and areas of concern for the future.
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Should You Invest in Uncertain Environments?
A focus on fundamentals can reveal opportunities in the Middle East, despite conflict, political upheaval, and economic uncertainty.
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What Happens When the Same Investors Own Everything?
Diversification means that in many industries, companies are owned by an overlapping set of investors, reducing their incentive to compete.
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Did Finance Make Civilization Possible?
Prof. William Goetzmann traces the millennia-long relationship between finance and the growth of civilization.
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Can Financial Markets Move Beyond Politics?
Once you start pulling at the strands, the intertwined political and financial systems can prove very difficult to separate. A panel of financial veterans at Yale SOM’s Future of Finance conference considered recent government interventions in markets across a number of countries, and what they mean for investors.
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Can Research Generate Returns?
Andrea Frazzini, a principal at research-oriented hedge fund AQR Capital Management, discusses what it takes to put an academic idea to work creating investment advantage.
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Big Box Retailers Squeeze Smaller Suppliers by Borrowing from Them
Large, investment-grade companies such as Walmart and Home Depot that can easily borrow money in the capital markets often receive financing from their much smaller, credit-constrained suppliers. A new study examines the effects of this pattern of financing and finds that it squeezes small suppliers, creating a cash shortfall and causing them to cut back on capital investments.
What’s the State of the European Banking System?
Europe is still struggling to emerge from the financial crisis. Though recent stress tests by the European Central Bank gave passing grades to 90% of the region’s banks, critics question the transparency and rigor of the tests. Professor Sascha Steffen of ESMT European School of Management and Technology, a member of the Global Network for Advanced Management, talked with Yale Insights about the state of the banking system and the challenges of designing and implementing a single system to oversee banks across the Eurozone.
