Finance
Debt, debt, and more debt. Four years after the financial crash of 2008, world banks continue to have enormous debts on their balance sheets, a time bomb that regulators, researchers, and bankers are still debating the best ways to defuse.
In mid-April, Moody’s, one of the most influential ratings...
Fall 2008
It is a GSB tradition to honor outstanding faculty members with an enduring legacy designed to benefit future generations. It comes as no surprise that George G.C. Parker, the Dean Witter Distinguished Professor of Finance, Emeritus, is the inspiration for a number of colleagues,...
STANFORD GRADUATE SCHOOL OF BUSINESS — By now, nearly everyone knows that the financial meltdown of 2007, and the subsequent recession, began with the collapse of the housing market and the subprime securities market, the funder of millions of mortgages.Understanding exactly what happened, and why...
Sir, Bankers say whatever serves their interests. William Isaac, Chair of Fifth Third Bankcorp, and Richard Kovacevich, former Wells Fargo chief executive, repeat standard and flawed arguments against what they call “breathtaking“ levels of equity such as 9 percent. Many others argue that...
STANFORD GRADUATE SCHOOL OF BUSINESS — Admati, who is the George G.C. Parker Professor of Finance and Economics, wrote the paper with Martin Hellwig of the Max Planck Institute for Research; they share the runners-up prize of $1,500 with a team from the International Monetary Fund. The Admati...
STANFORD GRADUATE SCHOOL OF BUSINESS — The steps being taken to solve Europe’s sovereign debt crisis are likely putting an end to speculation that the European Union could come apart, says finance Professor Darrell Duffie of the Graduate School of Business. But current negotiations among Europe’s...
STANFORD GRADUATE SCHOOL OF BUSINESS — When he graduated from the Stanford Graduate School of Business with an MBA in 2005, Nigerian-born Tayo Oviosu said advice from the business world in his home country was loud and clear—"don't come back."
At that time, he explained, "Nigeria was still about...
STANFORD GRADUATE SCHOOL OF BUSINESS —When the Dodd-Frank financial regulations became law in 2010, the reforms were put in place to promote safety and soundness within the U.S. financial system and lower the risk of future financial crises. However, the government's interpretation of one of those...