Update: Nov 19, 2008
As the ramifications of the global financial crisis continue to surface, the MIT Sloan faculty remains committed to providing insight and guidance for our students, alumni, corporations, and governments. In addition to their on-campus efforts in class and via podcasts and webcasts, several professors have been go-to sources for major media outlets.
Continuing his efforts to bring better understanding to the financial crisis, Professor Simon Johnson, one of the people responsible for baselinescenario.com, was asked a few questions about the crisis in a Q&A on The Wall Street Journal. NPR's Marketplace also recently asked him to weight in on what he was doing with his own personal investments at this time.
Professor Andrew Lo was also in the news recently after testifying on the crisis before The Congressional Committee on Government Oversight and Reform. Professor Lo advised, among other things, that congress “provide the public with information regarding those institutions that have ‘blown up’” so that we can better assess the situation and can avoid “such fates in the future.”
Please continue to tune in to our website for ongoing updates.
Sep 30, 2008 — MIT Sloan's faculty are sharing their considerable expertise and thought leadership in an effort to help the community understand — and navigate — the complex global financial crisis.
In addition to the ongoing career guidance and support for alumni and students (highlighted by Dean Schmittlein in his recent letter), there are also a series of panel discussions, proseminars, and community forums featuring finance experts, and myriad opportunities to access faculty insights.
Simon Johnson, Ronald A. Kurtz (1954) Professor of Entrepreneurship, has launched a new weekly series on the global crisis. Tentatively entitled, “Real Time Deep Dive into the Global Crisis as it Evolves,” the class will kick off in October and will draw on Johnson's experience at the IMF and his considerable contacts in Washington. In addition, Johnson has launched a blog designed to help non-specialists understand the roots of the crisis as well as ongoing proposals and developments.
In addition to a September Finance Proseminar on the subprime credit crisis, the Finance faculty group will be hosting a panel discussion entitled, “Perspectives on the Current Financial Crisis” on October 2. The event, open to the entire MIT Community, will feature Andrew Lo (right), David Geltner, Simon Johnson, Jiang Wang, and Ross Watts. Lo, who serves on the Economics Advisory Board of FINRA, has been widely quoted recently in media outlets such as The New York Times and The Boston Globe. Wang, who serves on the Finance Advisory Council of the New York Federal, recently shared thoughts and research findings on experience with bailouts.
Bank of America announced a new collaboration with MIT Sloan's Laboratory for Financial Engineering that will focus on cutting-edge research that will affect the future of banking. This collaboration, announced in late August, is part of the Center for Future Banking created at the MIT Media Lab in March 2008. The research themes cover a diverse set of opportunities around computational finance, quantitative analytics, and risk-reward tradeoffs. The research agenda will be directed by Andrew Lo.
Global financier and philanthropist George Soros comes to campus in late October for a discussion with finance and economics staff that will be open to the entire MIT community.