The future of ETF regulation
Professor Patrick Augustin provides an expert perspective on questions surrounding the regulation of a Bitcoin-traded fund (ETF) proposed by VanEck Associates Group. While the Securities and Exchange Commission (SEC) deliberates, it runs the risk of making space for a digital shadow finance industry to emerge, says Augustin.
When sovereign debt becomes a problem
Professor Patrick Augustin and three other North American economists are ringing an alarm bell about the increasing risks associated with heavy borrowing at the state level. In their recent study of 30 developed countries and 30 U.S. states, they measure the effect of the spread of the COVID-19 pandemic on the borrowing costs of governments.
Trust, Collaboration, and Economic Growth
Authors: Jiro Kondo, D. Li, and D. Papanikolaou
Publication: Management Science, Volume 67, Issue 3, March 2021, Pages 1825-1850. Abstract:
Rogers purchases Shaw, erases competition
Following its $26 billion acquisition of Shaw, Rogers has been criticized for eliminating regional competition. If the sale is approved by the Trudeau government, the company would become the second-largest telecom provider in Canada.
Professor Paul Beaumont joins the conversation to discuss the continuing importance of keeping the telecom industry competitive.
Professor Katrin Tinn proposes unique design for digital currency
Professor Katrin Tinn recently teamed up with Professor Christophe Dubach from the Faculty of Engineering to propose a new design for the Bank of Canada鈥檚 digital currency. By protecting the identity and transactions of individual spenders, their design would address ongoing privacy and compliance concerns with Central Bank digital currency (CBDC).
In Sickness and in Debt: The COVID-19 Impact on Sovereign Credit Risk?
Authors: Patrick Augustin, V. Sokolovski, M.G. Subrahmanyam, and D. Tomio
Publication: Journal of Financial Economics, Forthcoming Abstract:
Learning Through Crowdfunding
Authors: G. Chemla and Katrin Tinn Publication: Management Science, Volume 66, Issue 5, May 2020, Pages 1783-1801. Abstract:
Desautels professor lends expertise to Exchange Traded Funds (ETF) study
One of Wall Street鈥檚 least-known trading companies, Jane Street has quietly become a global market-maker. With a niche in the world of exchange traded funds (ETFs), the company was well-positioned to weather the COVID-19 crisis. Professor Sebastien Betermier recently entered the conversation with a new report that connects fixed-income ETFs to market liquidity during the pandemic.
Small investors change the game, but it won鈥檛 last
Earlier this month, a Reddit-driven investor coup sent shockwaves through the market as heavily shorted stocks skyrocketed in price. Professor Mo Chaudhury weighs in on the mania, attributing the rising number of new investors to the COVID-19 pandemic.
Investors anticipate low-carbon economy
As the renewable energy sector grows in leaps and bounds; pension funds, banks, investment companies, and insurance companies are waking up to the risk of devaluation in fossil fuel investments.
Delve: The Divided State of American Public Health
Even as the pandemic radically reshaped American life, the federal government failed to provide strong and consistent guidance about how best to manage this public health crisis. Not surprisingly, individual states diverged in what they chose to do, and when they chose to do it
Prevent members of U.S. Congress from trading individual stocks
Professor Patrick Augustin wades into the debate over the heated race to fill Georgia鈥檚 two Senate seats in a runoff and special election scheduled for January.
The upside of financial fragility
In two recent studies, Professor David Schumacher charts the rise of large asset managers and examines their effect on financial market stability.
Prime Minister Trudeau encourages Desautels finance class to stay positive
When Professor of Practice Sujata Madan noticed that her finance students seemed overwhelmed in the final weeks of a difficult semester, she recruited help from Prime Minister Justin Trudeau and 成人VR视频鈥檚 Principal Suzanne Fortier, among others, to lift their spirits. The students left class with a renewed sense of optimism for a post-pandemic future.
Delve: Canada鈥檚 Pension Plan Is the Envy of the World, and Now We Know Why
A new study by Prof Sebastien Betermier is the first to use real data to do a quantitative analysis of asset allocation strategies and cost structures for hundreds of pension, endowment, and sovereign wealth funds across 11 countries. The results hold valuable lessons not only for financial planners, but also working Canadians dreaming of retirement.
