This paper by New York University’s Jonas Prager outlines the major changes in the financial structure as well as the focal events that characterised the 2007-2008 global financial crisis and considers the evidence for the crucial role played by misaligned incentives.
Misaligned incentives, bank mismanagement, and troubling policy implications
banks, financial crisis, Goldman Sachs, incentives, misalignment, New York University, short termism
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A study from the Thinking Ahead Institute finds the premium for long-horizon investing is up to 1.5 per cent a year and identifies eight strategies for reaching that target.
Head of diversity and inclusion at Bloomberg stresses the benefits of a diverse workforce and says asset owners can highlight areas for improvement in this regard.
Factor investing has become a topic du jour, but according to four experts, there are only a handful of factors that are persistent and robust. If used strategically, these can be useful.
US President Trump’s Twitter outbursts can have a big temporary impact on markets, but longer-term results are driven by economic fundamentals, State Street Global Advisors’ Dan Farley says.
The US Federal Reserve’s James Bullard is inclined to let bond buying run off in 2017. He also says higher interest rates are unlikely worldwide and calls the US a relatively closed market.
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