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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.

An overhead image of Ille Pierre Island in Seychelles.
  • How Do You Invest in a Changing China?

    Lei Zhang ’02 has been one of the most successful investors in China during a time of unprecedented change. In a conversation with Yale’s Stephen Roach, he talked about rapid shifts in China’s business and culture, the birth of a consumer class, the Chinese innovation model, and the outmoded views of the country that remain prevalent in the West.

    Lei Zhang and Stephen Roach
  • When a Stock Market Theory Is Contagious

    In a New York Times op-ed, Professor Robert J. Shiller explains that stock market movements are driven by popular narratives that spread like “thought viruses.” Secular stagnation—the idea that the global economy may languish for years to come—is the current story driving down the stock market. Whether true or false, the idea alone has the potential to erase five years of gains and create a bear market.

  • Have We Left the Financial Crisis Behind?

    In the introductory lecture of his course Global Financial Crisis, Andrew Metrick describes how the financial panic of 2008 and the ensuing recession have created a new economic reality.

  • What Dangers Lurk for the Financial System?

    Paul Tucker was one of the key players at the Bank of England during the financial crisis of 2008-09. He says that the actions of policymakers and regulators since that time have built a more resilient financial system. But he also sees big challenges ahead that will require regulators to be more nimble and flexible than they’ve ever been before.

    Front of the Bank of England
  • How Does an IPO Affect Rival Firms?

    The initial public offering (IPO) market recently saw its busiest week since 2001. A new study by Yale School of Management professors Matthew Spiegel and Heather Tookes reveals how these and other IPOs affect rival firms over time.

  • What Does the Future of the European Union Look Like from Spain?

    Former Spanish prime minister José Luis Rodríguez Zapatero discusses Spain’s long, difficult recovery from the global economic crisis and the lessons of the crisis for the future of the European Union.

  • Can We Fix the Public Pensions Crisis?

    Millions of government workers in the U.S. are relying on pension plans for retirement, and yet these plans are underfunded by at least $1 trillion. Asset manager Ranji Nagaswami ’86 argues that addressing this challenge is about more than assets and liabilities—we have to look at how funds are run and, critically, how they think about risk.

  • Buying Insurance Against Climate Change

    In a New York Times op-ed, Professor Robert Shiller writes that efforts to prepare for climate change should include the use of private institutions of risk management, such as insurance and securitization, to share risk and smooth the unpredictable effects of future disasters.

  • Can Insurance Help the Poor Manage Risk?

    Rainfall insurance can help a farmer survive a drought year and ultimately increase prosperity in rural areas. So why aren’t more using it? Many people in developing countries rely on informal insurance, such as a family network, rather than formal insurance. Yale SOM professor Mushfiq Mobarak’s research has tested the effects of formal insurance for farmers in India and elucidated how the two systems interact.

    Mobarak graphic
  • What Is Factor-Based Investing?

    Asset classes have long been the building blocks of investment portfolios, but when apparently uncorrelated investments moved in sync during the financial crisis, it raised fundamental questions about whether diversified portfolios actually were diversified. Eugene Podkaminer ’01, vice president of capital markets research at Callan Associates, discusses whether there is a better way to understand the deep forces driving these results.