On July 1, 2016, the U.S. territory, which has been mired in a years-long debt crisis, failed to make good on $2 billion of bond payments due, triggering the worst default in its history. Puerto Rico’s governor Alejandro García Padilla has defended the decision to skip the full payment, emphasizing ...

On July 11-12, GCFP presented Mission & Metrics: Finance Training for Federal Credit Program Professionals to more than 50 executives from U.S. agencies engaged in governmental lending activities. Participants included staff from the following [...]

Please click here to read the WSJ.com article How Federal Lending Programs Served as a Big Shadow Stimulus which discusses Deborah Lucas’ paper Credit policy as fiscal policy.

Today the MIT CFP announced the winners of its first crowd-sourced contest, “What is a Systemically Important Financial Institution?” A collaboration between the MIT Center for Finance and Policy and the Harvard Crowd Innovation Laboratory, the contest was launched to generate new proposals to speci...