By
In the latest installment of the GCFP Distinguished Speaker Series, Jack Brennan, Chairman of the Financial Industry Regulatory Authority (FINRA) Board of Governors, discussed the [...]
By
The Center for Finance and Policy (CFP) hosted a conference in Washington DC on October 29, 2015 — along with PricewaterhouseCoopers and the American Society of Public Administration — to bring together lending practitioners within [...]
By
The advent of mandatory central clearing for certain types of over-the-counter derivatives and margin requirements for others means that margin is the most important mitigation mechanism for many [...]
By
High rates of debt growth by local governments are a cause for concern in any country. In China, where recent turmoil in the equity and foreign-exchange markets has put a spotlight on that country’s economy and growth prospects, increasing levels of borrowing by provincial and other lower levels of ...
By
It is with great pleasure that I transition to my new role as the inaugural executive director of MIT’s Center for Finance and Policy (CFP). As someone who has focused on government financial institutions for many years, I welcome this new beginning as a chance to direct sunlight towards a unique se...
By
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 ...
It’s no secret Washington tried to prevent an even deeper economic collapse by launching a $787 billion stimulus program in 2009. What’s much less appreciated is how the federal government [...]
The Consortium for Systemic Risk Analytics (CSRA), a not-for-profit Delaware Corporation, and the MIT Sloan School of Management announced today that it will become part of a joint collaboration among
“Bailouts allow investors to keep all the profits in good times without bearing the losses in bad times. Instead, bailouts impose losses on taxpayers, including those most in danger of losing their […
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?
