Faculty News

Professor Jeffrey Wurgler's research on bank regulation is featured

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Excerpt from The Wall Street Journal -- "Over the past 40 years, lower-risk banks haven’t had lower costs of equity, according to a paper recently published in The American Economic Review. 'All else being equal, making regulated banks less risky may actually raise their cost of capital,' argue the authors, Malcolm Baker of Harvard Business School and Jeffrey Wurgler of New York University’s Stern School of Business."

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