Faculty News
Professor Thomas Philippon's research on the financial services industry is cited
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Excerpt from MarketWatch -- "The costs of financial intermediation—including banking, investment management and legal, accounting and custodial support—has generally been rising since 1970, and today is equivalent to about 7% of U.S. gross domestic product, despite cost-obliterating new technologies and market deregulation, according to Thomas Philippon, a finance professor at New York University."
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