It is the rare journalist who tackles the topic of government credit programs and their ills. Rarer still is a popular account that accurately brings these complicated issues to life. Kudos to Michael Grunwald, who writing for Politico, did just that. I highly recommend his article. (Note that to ge...

A heated debate is raging in Congress over whether to reauthorize the Export-Import Bank. The Ex-Im Bank, as it is commonly known, is an independent federal agency charged with providing credit assistance for U.S. exporters. Beneficiaries include large corporations (in 2012, over 80% of the guarante...

Ask most finance experts about the “world’s largest financial institutions,” and you’ll hear names like Citigroup, ICBC (China’s largest bank) and HSBC. However, governments top the list of large financial institutions, with investment and insurance operations that dwarf those of any private enterpr...

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...

Last week Bob Pozen, a Visiting Senior Lecturer here at MIT Sloan with a distinguished background in government, business and education gave an eye-opening lunch talk. The topic was “Other Post-Employment Benefits” or OPEBs—which is accounting jargon for the liabilities governments incur for retiree...

What will people say 1,000 years from now when they look back at the conventional wisdom about financial policy today? Peter Fisher of the Tuck School at Dartmouth College reflected on that question in his keynote speech at the Inaugural Conference on Finance and Policy held at MIT Sloan on Septembe...

In early 2018, the MIT Sloan School of Management and the MIT Media Lab announced the joint appointment of Gary Gensler as Senior Lecturer at the MIT Sloan School of […]

by Laura E. Kodres, Leslie Sheng Shen, and Darrell Duffie | The need for US dollar funding during the financial stresses in mid-March 2020, as the COVID pandemic news shocked markets, was evident in a number of countries.

Friend or Foe: Cross-Border Links, Contagious Banking Crises, and Joint Use of Macroprudential Policies

In a response to the July 2021 Federal Housing Finance Agency (FHFA) Policy Statement on Fair Lending, former U.S. Department of Housing and Urban Development officials Michelle Aronowitz (Law Office […]