|10.18.12||Professor Roy Smith writes Financial News op-ed on CitiGroup's resignations|
Excerpt from Financial News — "Evidently O’Neill, a former Marine and respected career banker who successfully turned around a distressed Bank of Hawaii, had become impatient after serving on the Citigroup board for three years and was ready to force some real changes. His election as chairman of the board, replacing Richard Parsons, last April finally signified the end of the Sandy Weill era at Citigroup."
|10.08.12||Professor Roy Smith writes Financial News op-ed on the role of the economy in the 2012 election|
Excerpt from Financial News — "The last time economic issues took centre stage with such significant importance was 20 years ago when Ross Perot, as an independent, gathered 19% of the popular vote in support of his deficit reduction agenda."
|10.02.12||Professor Viral Acharya named Director of Western Finance Association|
Viral Acharya, C.V. Starr Professor of Economics and Director of the National Stock Exchange of India (NSE)-NYU Stern Initiative on the Study of Indian Capital Markets, has been appointed director of the Western Finance Association from 2012 to 2015, an academic research council member of the Center for Advanced Financial Research And Learning (CAFRAL, India), and a member of the advisory board for National Public Radio's Planet Money. His co-authored paper, "Sovereign Debt, Government Myopia and the Financial Sector," won the National Stock Exchange of India (NSE) Best Paper Award at the Summer Research Conference of the Center for Analytical Finance (CAF) at Indian School of Business.
|10.02.12||Professor Marcin Kacperczyk named Runner-Up for Best Paper Prize by Review of Finance|
Assistant Professor of Finance and Boxer Faculty Fellow Marcin Kacperczyk's paper, "Do Non-financial Stakeholders Affect the Pricing of Risky Debt," was the runner up for the 2011 Best Paper Prize by the Review of Finance. The prize was awarded at the European Finance Association Meeting in Copenhagen in August.
|09.27.12||Professor Joel Hasbrouck featured in The Atlantic Magazine's Quartz|
" 'The trend towards HFT is part of a broader change on Wall Street,' says Joel Hasbrouck, a professor of finance at NYU’s Stern School of Business. It is a move from markets run by a network of New York traders to a global, electronic network with near-perfect information. In the old days, market specialists would often hail from the same family, and friendships and dinners would be rewarded with preference on the floor. Now quotes are much more accessible. 'It’s not that high-frequency trading is very new, it’s that they have speeded up strategies that have been there for a very long time,' Hasbrouck explains. 'The world of high frequency trading is a lot more open.'"
|09.27.12||Professor William Silber's book "Volcker" reviewed by Bloomberg Businessweek|
"Some statesmen blossom late in life; others bloom early and disappear. Paul Volcker did both. ... William Silber, a financial historian and professor at the Stern School of Business at New York University, has the challenge of fitting this lopsided story—his subject, who turned 85 last month, enjoyed his most fruitful years before age 60—into a coherent narrative. He succeeds admirably in 'Volcker: The Triumph of Persistence.'"