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Tribute to Mac McQuown, GCFP Board Member

Oct 25 Papers

OeNB Governor Robert Holzmann

MIT Golub Center for Finance and Policy

Papers on Financial Policy by Sloan Colleagues

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Four recent papers by MIT Sloan colleagues of the GCFP touch on important matters of financial policy.

  1. RegTech: Technology-driven compliance and its effects on profitability, operations, and market structure (PDF)
    Professor Andrew Sutherland and his coauthors discuss how the use of technology in regulatory compliance (RegTech) is reshaping financial services in an article published in the Journal of Financial Economics.
  2. Digital Collateral (PDF)
    Professor Catherine Wolfram and her coauthors discuss how digital collateral is being used to expand credit by significantly reducing default rates in an article published in The Quarterly Journal of Economics.
  3. Who Benefits from Retirement Saving Incentives in the U.S.? Evidence on Gaps in Retirement Wealth: Accumulation by Race and Parental Income (working paper)
    Professors Taha Choukhmane and Lawrence Schmidt and their coauthors explore how the subsidies in defined contribution retirement plans are distributed across demographics and parental income.
  4. Failing Banks
    Professor Emil Verner and his coauthors in a study published by the Federal Reserve Bank of New York analyze the causes of bank failures from 1865 to 2023 and show that deteriorating bank fundamentals and not bank runs cause bank failures.

Authored by:

Andrew Gordon Sutherland

Andrew Gordon Sutherland

Associate Professor, Accounting

Andrew Sutherland is an Associate Professor of Accounting at the MIT Sloan School of Management.His research focuses on financial institutions, and covers three broad areas: (1) how entrepreneurs and privately held firms obtain credit; (2)…

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Catherine Wolfram

Catherine Wolfram

William Barton Rogers Professor in Energy

Catherine Wolfram is the William Barton Rogers Professor in Energy and a Professor of Applied Economics at the MIT Sloan School of Management. She previously served as the Cora Jane Flood Professor of Business Administration at the Haas School of…

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Taha Choukhmane

Taha Choukhmane

Class of 1947 Career Development Assistant Professor

Lawrence D. W. Schmidt

Lawrence D. W. Schmidt

Victor J. Menezes (1972) Career Development Assistant Professor of Finance

Lawrence D. W. Schmidt is the Victor J. Menezes (1972) Career Development Assistant Professor of Finance. His research is at the intersection of finance and macroeconomics.Schmidt's research combines theory and applied econometric approaches to…

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Emil Verner

Emil Verner

Albert F. (1942) & Jeanne P. Clear Career Development Associate Professor in Global Management

For more info Edward Golding Executive Director, MIT GCFP/Senior Lecturer (617) 324-6944