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Finance

Who Will Finance the AI Revolution? ‌‌

Deployment of AI is accelerating exponentially, and the nascent industry requires unprecedented investment to grow. We spoke to two Yale College alums and leaders at Goldman Sachs about where the capital to support an AI transition is coming from.‌

A data center
  • 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.
  • Study: Margin Trading Causes Stock Prices to Drop in Concert

    During financial crises, stocks tend to fall together more than they should. A new study co-authored by Yale SOM’s Heather Tookes suggests that margin trading plays a substantial role in driving this downward spiral.

    Mumbai's BSE stock exchange on March 9, 2020, as the COVID-19 pandemic sparked a plunge in stock prices. Photo: Dhiraj Singh/Bloomberg via Getty Images.
  • Study: Rising Seas Aren’t Causing Coastal Property Values to Decline

    Climate change is causing sea levels to rise, threatening expensive waterfront properties. But according to a new study co-authored by Yale SOM’s Matthew Spiegel, prices are not falling in the areas most likely to be affected.

    A row of coastal houses
  • Is Bitcoin a Bubble?

    The price of a single Bitcoin is up more than 700% since the beginning of 2020, defying years of predictions of a crash. We asked Prof. Aleh Tsyvinski, professor of economics at Yale, to shed some light on the continuing phenomenon.

    Bitcoins floating in a bubble on a black background
  • Video: Why You Should Care about the Fed’s Inflation Policy

    William English, a former Fed official who is now a professor in the practice of finance at Yale SOM, explains why the Fed shifted its approach to balancing inflation and employment, and what the change means for the economy.

    Benjamin Franklin on the $100 bill, winking
  • How Big Investors Avoid Market Predators and Keep Trading Costs Low 

    Researchers have generally believed that as large institutional investors make bigger trades, their trading costs rise accordingly. Research from Yale SOM’s Tobias Moskowitz finds that they take a slow-and-steady approach to keep costs down and outsmart market predators.

    A lion and an elephant
  • Will the GameStop Rebellion Last?

    We asked Yale SOM’s Kelly Shue, an expert in behavioral economics and empirical corporate finance, to explain what the GameStop phenomenon might mean for the balance of power on Wall Street.

    A sign reading "check out these great deals" at a GameStop store
  • Awaiting the Will to Ensure Financial Market Stability

    In a conversation with Yale SOM’s Andrew Metrick, Paul Tucker, chair of the Systemic Risk Council and former deputy governor for financial stability at the Bank of England, says that financial markets are still facing serious stability risks.

    A detail of a photo of the Federal Reserve building
  • How is Mexico Navigating the COVID Financial Crisis?

    In a recent online conversation hosted by Yale SOM, Mexico’s chief central banker discussed the country’s response to the economic distress caused by COVID-19—the country’s third financial crisis in recent decades.

    The Banco de México in Mexico City.
  • During the COVID-19 Crash, Investors’ Beliefs Didn’t Match Their Behavior

    Despite a general wave of pessimism following the COVID-19 stock crash in March, few investors made significant changes to their portfolios, according to new research from Yale SOM’s Stefano Giglio.

    A trader at the New York Stock Exchange on February 28, 2020. Photo: Johannes Eisele/AFP via Getty Images.