Now We Know How Much the Financial Crisis Cost
by Deborah Lucas / It has been 10 years since the federal government took emergency actions in response to the financial crisis of 2008. Were those expensive interventions good investments?
by Deborah Lucas / It has been 10 years since the federal government took emergency actions in response to the financial crisis of 2008. Were those expensive interventions good investments?
The United States government today is one of the largest consumer lending institutions in the world. Its expansive loan portfolio has been growing for years with little attention given to […]
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Edward L. Golding, Laura E. Kodres, and Deborah J. Lucas The 2008 financial crisis triggered a wave of new financial regulations, most notably as mandated by the Dodd Frank Act of 2010. That legislation recognized that existing regulations were inadequately designed to protect against systemic ri...
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We all have heard about these “unprecedented times” and how we need to throw the old play book out and try something new. For decades, we have had established protocols on [...]
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The COVID-19 induced ‘Great Lockdown’ has cast doubt on the efficacy of bank buffers in supporting the real economy in times of crisis. Despite accommodative regulatory and supervisory action, banks remain hesitant to [...]
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In a paper published in the Harvard Data Science Review on May 14, 2020, the co-director of GCFP, Andrew Lo, along with his co-authors Kien Wei Siah and Chi Heem Wong, estimate the probability of success (PoS) of [...]
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Robert C. Pozen, Senior Lecturer, MIT Sloan School of Management and non-resident Senior Fellow, The Brookings Institution
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Jonathan Parker, Robert C. Merton Professor of Finance at MIT Sloan and co-director at the MIT GCFP, recently provided answers on [...]
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The COVID-19 pandemic damages the U.S. and the world economy and puts policymakers in an unfamiliar dilemma. Non-pharmaceutical interventions (NPIs) such as social distancing slow the spread of [...]
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Amid the uncertainty of the COVID-19 pandemic, the movements in equity markets’ around the world have mirrored the spread of the virus and its virulence. Attempts to limit market crashes, volatility, and financial contagion have taken a number of different forms. This column explores [...]