More like this
Are you curious about the future of banking and digital currencies? A recent research article from the London School of Economics explores the impact of a Central Bank Digital Currency (CBDC) on the market structure of banking and its effects on deposits, loans, and output. The article presents a model that shows how a deposit-like CBDC can promote bank intermediation and expand deposits, loans, and output. But what happens when a CBDC is non-interest-bearing? Read on to find out how this can create competitive pressure and motivate banks to provide better terms and services to their customers.
Are you a startup struggling to obtain external debt financing? Look no further! The London School of Economics (LSE) has published an article that proposes a solution to this challenge. By simply choosing a legal form with high minimum paid-in capital requirements, startups can signal to lenders that they are less likely to default on a loan. This article provides empirical evidence supporting this hypothesis and highlights the implications for entrepreneurs and policymakers. Don't miss out on this valuable insight - check out the LSE reference article now!
Have you ever wondered how the world's most successful investors manage to navigate the complex world of finance? Look no further than the exciting and dynamic field of portfolio management! As a portfolio manager, you'll be responsible for overseeing the investment portfolios of individuals and institutions alike. You'll work closely with clients to understand their financial goals and risk tolerance, and then use your expertise to craft a customized investment strategy that aligns with their needs. But that's just the beginning. As a portfolio manager, you'll be constantly monitoring the markets and analyzing trends to ensure that your clients' portfolios are performing optimally. You'll be making decisions about what securities to buy and sell, and when to do so. And you'll be working with a team of analysts and other financial professionals to stay ahead of the curve and identify new opportunities for growth. One of the most appealing aspects of a career in portfolio management is the potential for specialisation. Whether you're interested in equities, fixed income, real estate, or any number of other asset classes, there's a niche for you in this exciting field. So what kind of education and training do you need to become a portfolio manager? While there's no one-size-fits-all answer, many successful portfolio managers have undergraduate degrees in finance, economics, or accounting. Some even go on to pursue advanced degrees or certifications, such as a Chartered Financial Analyst (CFA) designation. But beyond formal education, there are certain personal attributes that can set you up for success in this field. Strong analytical skills, a keen attention to detail, and the ability to think creatively and adapt to changing market conditions are all essential qualities for a successful portfolio manager. And what about job prospects and the longer-term outlook? The good news is that the demand for skilled portfolio managers is only expected to grow in the coming years, as more and more individuals and institutions seek out expert guidance for their investments. Some notable employers in this field include large financial institutions like BlackRock and Vanguard, as well as boutique investment firms and even government agencies. So if you're looking for a challenging and rewarding career that combines your passion for finance with your analytical skills and creativity, look no further than portfolio management!
Are you fascinated by the world of finance and the workings of the global economy? Do you have a keen eye for detail and an analytical mind? If so, then studying Economic Research at university could be the perfect choice for you. Economic Research is a dynamic and exciting field of study that delves into the intricacies of the global economy. It combines the principles of economics and statistics to analyze and understand economic phenomena, such as market trends, consumer behavior, and government policies. One of the most interesting aspects of Economic Research is the ability to apply your knowledge to real-life situations. For example, you could analyze the impact of a new tax policy on the economy or predict the effects of a natural disaster on a particular industry. Your research could help businesses and governments make informed decisions that have a real impact on people's lives. There are many renowned academic figures in the field of Economic Research, such as Paul Krugman, Joseph Stiglitz, and Esther Duflo, who have made significant contributions to the field. Their innovative research and academic discourse have helped shape our understanding of the global economy. At undergraduate level, you can expect to study a range of modules, including microeconomics, macroeconomics, econometrics, and financial economics. You may also have the opportunity to specialize in areas such as behavioral economics, international finance, or development economics. The skills and knowledge you gain from studying Economic Research can open up a wide range of career opportunities. You could work in finance, consulting, or government, among other industries. Notable potential employers include the World Bank, the International Monetary Fund, and Goldman Sachs. To succeed in Economic Research, you will need to have strong analytical skills, attention to detail, and a passion for economics. You should also be comfortable working with data and have excellent communication skills to present your findings effectively. In conclusion, studying Economic Research is a fascinating and rewarding choice for anyone interested in the global economy and its impact on society. With a range of potential career paths and the opportunity to make a real difference, it's a field of study that is both challenging and fulfilling.
Don't throw good money after bad! A recent study by Wharton finance professor Marius Guenzel, titled "In Too Deep: The Effect of Sunk Costs on Corporate Investment," reveals that sunk costs can lead to significant distortions in investment decisions made by firms. Find out why CEOs ignore the principle of sunk costs and how it can impact a company's performance. The article also discusses strategies that firms can use to overcome the sunk cost fallacy and make more effective investment decisions.
Are you curious about the impact of Brexit on financial services and policymaking in the UK? Look no further than the London School of Economics (LSE) for an insightful analysis of the institutional reforms and regulatory challenges that have emerged since Brexit. Discover how the UK has navigated the repatriation of financial competencies, determined the status of existing EU regulation, and set out a future course for financial policy. Don't miss out on this must-read article for anyone interested in the critical role of financial services in the UK economy.
Are you interested in helping people secure their financial futures? Do you have a knack for numbers and a passion for problem-solving? If so, a career in financial planning might be the perfect fit for you! As a financial planner, you will work with individuals and families to create comprehensive financial plans that help them achieve their goals and dreams. Whether it's saving for retirement, buying a house, or paying for college, financial planners play a crucial role in helping people make informed decisions about their money. One of the most appealing aspects of a career in financial planning is the opportunity to make a real difference in people's lives. By providing expert advice and guidance, you can help your clients navigate complex financial issues and achieve their dreams. Typical duties of a financial planner include assessing clients' financial situations, developing personalized financial plans, providing investment advice, and monitoring progress towards financial goals. Many financial planners specialize in areas such as retirement planning, estate planning, or tax planning, while others work in related fields such as banking, insurance, or accounting. To become a financial planner, you typically need a bachelor's degree in a related field such as finance, accounting, or economics. Popular undergraduate programs for aspiring financial planners include the Bachelor of Science in Finance, Bachelor of Business Administration, and Bachelor of Science in Economics. Many financial planners also pursue advanced degrees such as a Master of Business Administration or a Certified Financial Planner (CFP) certification. In addition to strong analytical skills and a deep understanding of financial markets, successful financial planners possess a range of helpful personal attributes such as excellent communication skills, attention to detail, and a passion for helping others. The job outlook for financial planners is strong, with the Bureau of Labor Statistics projecting a 4% growth rate over the next decade. Financial planners can work for a variety of employers, including banks, investment firms, insurance companies, and government agencies. Some of the most notable and attractive potential employers in the field include firms such as Goldman Sachs, JPMorgan Chase, and Morgan Stanley, as well as government agencies such as the Securities and Exchange Commission and the Federal Reserve. In conclusion, a career in financial planning offers a unique and rewarding opportunity to make a real difference in people's lives while also building a successful and fulfilling career. If you're interested in helping people achieve their financial goals and dreams, consider exploring this exciting and dynamic field today!
Are you curious about how antitrust regulations affect innovation in platform ecosystems? Look no further than a new study by Stanford's Department of Management Science and Engineering and Vanderbilt University Owen Graduate School of Management. The researchers examined the impact of antitrust intervention on platform ecosystems and complementors, using Microsoft's enterprise infrastructure software as a case study. The results may surprise you! Learn more about the complex relationship between antitrust and innovation in this fascinating article from Stanford University.
Are you interested in the world of finance and investment? Do you want to learn about managing money and making smart investment decisions? If so, then the study of Investment Management might just be the perfect fit for you! Investment Management is a field of study that focuses on the management of financial assets, such as stocks, bonds, and real estate. It involves analyzing market trends, assessing risk, and making informed decisions about how to invest money in order to maximize returns. One of the most appealing aspects of Investment Management is the potential to make a real impact on people's lives. By investing in companies that are making a positive difference in the world, you can help to drive social and environmental change while also earning a return on your investment. In addition to the practical applications of Investment Management, there is also a rich academic history to explore. From the groundbreaking work of Nobel Prize-winning economist Harry Markowitz to the innovative research being done by today's leading scholars, this field is constantly evolving and pushing the boundaries of what is possible. At the undergraduate level, typical majors and modules include courses in finance, accounting, economics, and statistics. As you progress in your studies, you may choose to specialize in areas such as portfolio management, risk management, or alternative investments. There are also a wide range of potential future jobs and roles that this field of study might be directly helpful for. These include positions in investment banking, asset management, private equity, and venture capital, among others. Some notable and attractive potential employers include BlackRock, Fidelity Investments, Goldman Sachs, and J.P. Morgan. To succeed in Investment Management, it is important to have strong analytical skills, a keen eye for detail, and a passion for finance and economics. You should also be comfortable working with numbers and data, and have a natural curiosity and drive to learn more about the world of finance. Overall, the study of Investment Management is a fascinating and rewarding field that offers a wealth of opportunities for personal and professional growth. So if you're interested in exploring the world of finance and investment, then this might just be the perfect field for you!
Discover the fascinating history of money, from seashells to government debt, and explore the rise of Bitcoin as the digital age's newest solution to the problem of money. Economist Saifedean Ammous argues that Bitcoin's true importance may lie in providing a decentralized, neutral, free-market alternative to national central banks. Dive into this thought-provoking analysis of sound money, economic growth, and international peace, and learn how Bitcoin could shape the future of our monetary system. Recommended for economics students, investors, and anyone interested in the history and future of money. This book offers a comprehensive analysis of the mechanics of Bitcoin and its potential to challenge the global monetary order. The author's exploration of sound money and its benefits to economic growth, innovation, and individual freedom make this book relevant to a wide range of fields of study and professions. Additionally, the book's focus on Bitcoin as a store of value and network for settlement between large financial institutions may be of particular interest to those in the finance industry.
Are you a math whiz with a passion for problem-solving? Do you want to use your skills to make a real impact on the world around you? Then Actuarial Science might be the perfect field of study for you! Actuarial Science is the study of risk and uncertainty, and how to manage them effectively. This fascinating field combines mathematics, statistics, economics, and finance to help individuals and organizations make informed decisions about the future. Actuaries are experts in assessing the likelihood of future events, such as accidents, natural disasters, and financial crises, and use this knowledge to develop strategies to mitigate risk and protect assets. One of the most appealing aspects of Actuarial Science is its real-world relevance. Actuaries play a vital role in a wide range of industries, including insurance, finance, healthcare, and government. For example, an actuary working in the insurance industry might use statistical models to predict the likelihood of future claims, while an actuary in the healthcare industry might develop strategies to manage the costs of medical treatments. In recent years, Actuarial Science has also been at the forefront of exciting research and innovation. For example, actuaries have been instrumental in developing new models to assess the risks associated with climate change, and in developing new financial products to help individuals and organizations manage these risks. At the undergraduate level, students studying Actuarial Science typically take courses in mathematics, statistics, economics, and finance, as well as specialized courses in actuarial science. These courses cover topics such as probability theory, financial mathematics, and risk management. After completing their undergraduate degree, students can choose to specialize further in areas such as life insurance, general insurance, or pensions. Many actuaries also choose to pursue advanced degrees, such as a Master's in Actuarial Science or a Ph.D. in a related field. So what kind of careers can you pursue with a degree in Actuarial Science? The possibilities are truly endless! Actuaries are in high demand in a wide range of industries, including insurance, finance, healthcare, and government. Some of the most popular career paths for actuaries include roles in insurance pricing and product development, risk management, and investment management. Some of the most attractive potential employers for actuaries include well-known companies such as AIG, Allianz, and MetLife, as well as government agencies such as the Federal Reserve and the Social Security Administration. To succeed in Actuarial Science, you'll need a strong foundation in mathematics, statistics, and economics, as well as excellent problem-solving skills and attention to detail. You'll also need to be able to communicate complex ideas clearly and effectively, both in writing and in person. If you're looking for a challenging and rewarding career that combines your love of math with your desire to make a real impact on the world, then Actuarial Science might be the perfect field of study for you!
Economics is the scientific investigation of how human societies utilize limited resources to satisfy their desires and demands. It offers a comprehensive view of how people, corporations, and authorities determine the most efficient methods of generating, exchanging, and consuming products and services to achieve their objectives. One of the most interesting aspects of Economics is the way it applies to real-world scenarios. For example, how the price of a particular good affects consumer behavior, or how international trade agreements can impact economies on a global scale. This makes it a relevant and meaningful subject to study. The field of Economics is constantly evolving, with new research and innovations being produced all the time. For example, the recent Nobel Prize-winning work of Esther Duflo and Abhijit Banerjee in the area of development economics, which looks at ways to alleviate poverty and improve the lives of people in developing countries. The work of Paul Krugman in international trade and Joseph Stiglitz in information economics are also important contributions to the field. At the undergraduate level, typical majors in Economics include microeconomics, macroeconomics, econometrics, and international economics. These modules provide students with a foundation in economic theory, statistical analysis, and problem-solving. From there, students can specialize in areas such as financial economics, environmental economics, or public policy. A degree in Economics can lead to a wide range of careers in various industries. Some examples of potential jobs include financial analyst, market research analyst, economist, data analyst, and policy analyst. Notable employers in this field include the World Bank, International Monetary Fund, and Federal Reserve. Additionally, many private companies such as Amazon and Google hire economists to help with business strategy and analysis. To succeed in Economics, it is helpful to have strong analytical and problem-solving skills, as well as an interest in current events and trends. Students who enjoy math and data analysis will also find this subject rewarding.
Are you curious about how transitioning to low-carbon energy sources can impact employment and poverty levels in the United States? Look no further than the STRESS platform developed by researchers at MIT! This computational tool combines data on employment in fossil fuel industries and populations below the poverty level to identify counties at high risk of economic distress from the transition. The STRESS platform can pinpoint risk "hot spots" and help decision-makers plan targeted interventions to boost resilience. Read more about this innovative tool in the journal Frontiers in Climate.
Big-tech credit is projected to surpass $1 trillion globally by 2023, but what impact will it have on traditional lenders? Our research shows that non-bank traditional lenders face direct competition from big techs in small loans, leading to a decline in their lending business. However, they respond by holding higher lending standards, implying a more conservative attitude towards who qualifies as a borrower. Discover the implications of big-tech credit on the financial system and its potential impact on financial inclusion.
Are you looking for a career that combines finance, strategy, and problem-solving? Consider becoming an Investment Banker! Investment Banking is a dynamic and exciting field that involves helping companies and governments raise capital, acquire other businesses, and manage risk. As an Investment Banker, you will work with clients to identify and execute on strategic financial transactions. This could include advising on mergers and acquisitions, underwriting securities offerings, or providing financial advice on complex business decisions. You will need to be analytical, creative, and able to work well under pressure. One of the most appealing aspects of Investment Banking is the potential for high earnings. Many Investment Bankers are well-compensated for their work, with the top earners often making millions of dollars per year. However, this is a highly competitive field, and success requires hard work, dedication, and a willingness to take on challenging assignments. Typical duties for an Investment Banker include financial analysis, due diligence, and deal negotiation. You will need to be able to work with complex financial models and communicate effectively with clients and other stakeholders. Specializations within the field include corporate finance, capital markets, and mergers and acquisitions. To become an Investment Banker, you will typically need a bachelor's degree in a related field such as finance, economics, or accounting. Popular undergraduate programs for aspiring Investment Bankers include the Bachelor of Science in Finance, Bachelor of Business Administration in Finance, and Bachelor of Arts in Economics. Many Investment Bankers also pursue advanced degrees such as an MBA or a Master of Finance. Helpful personal attributes for Investment Bankers include strong analytical skills, excellent communication skills, and the ability to work well in a team. You will need to be able to think critically and creatively, and to be comfortable working in a fast-paced, high-pressure environment. Job prospects for Investment Bankers are generally good, with many opportunities available in major financial centers around the world. Some of the most notable and attractive potential employers in the field include Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Citigroup. However, competition for these positions can be fierce, so it is important to be well-prepared and to have a strong network of contacts in the industry. In summary, Investment Banking is a challenging and rewarding career that offers the potential for high earnings, exciting work, and meaningful impact on the world of finance. If you are interested in pursuing a career in this field, start exploring your options today!
Explore the design-led innovation process that led to the creation of Pay It Plan It, a feature that offers American Express Card Members more flexibility, control, and transparency in managing their credit card payments. The feature allows Card Members to pay for small purchases quickly while still earning rewards and to split larger purchases into equal monthly payments with a fixed fee and no interest. The article highlights the challenges the team faced in introducing this feature in a highly regulated industry and how they successfully found ways to introduce new behaviors and cross-discipline collaboration.
Have you ever wondered how businesses make financial decisions, invest in new projects, or manage their funds? Then a career in finance might be the perfect fit for you! Finance is a dynamic and exciting field that offers a wide range of opportunities for individuals with strong analytical and problem-solving skills, as well as a keen interest in global markets and economic trends. As a financial professional, you will be responsible for helping individuals and organizations make sound financial decisions. You may work for large corporations, investment banks, hedge funds, private equity firms, or other financial institutions. One of the most exciting aspects of the finance industry is that it is constantly evolving and adapting to changes in the global economy. You'll be at the forefront of financial innovation and play an integral role in shaping the future of the global economy. Typical duties of a finance professional can include financial analysis, risk management, investment management, financial planning, and corporate finance. Depending on your specific area of specialization, you may work on projects such as mergers and acquisitions, initial public offerings (IPOs), or equity research. There are also various related fields, such as accounting, economics, and financial engineering, that can provide additional opportunities for growth and advancement in the finance industry. To become a successful finance professional, you will typically need a bachelor's degree in finance, accounting, economics, or a related field. Some popular undergraduate programs and majors include Finance, Accounting, Economics, Business Administration, or Mathematics. A Master of Business Administration (MBA) or a Master of Finance (MFin) can also be a great asset for career advancement in the field. Helpful personal attributes for success in the finance industry include strong analytical and problem-solving skills, attention to detail, and excellent communication and interpersonal skills. A passion for global markets and economic trends is also essential, as well as a desire to constantly learn and adapt to new developments in the field. Job prospects in the finance industry are generally strong, with many attractive opportunities available in both the public and private sectors around the world. Some notable and attractive potential employers include Goldman Sachs, JPMorgan Chase, Morgan Stanley, BlackRock, and the World Bank Group.
Do you have a knack for numbers and a passion for helping others achieve their financial goals? If so, a career as a Financial Advisor may be just the path for you! As a Financial Advisor, you'll work with clients to help them manage their money, invest wisely, and plan for the future. You'll be a trusted advisor, providing guidance on everything from retirement planning to estate management. One of the most appealing aspects of this role is the opportunity to make a real difference in people's lives. Whether you're helping a young family save for their first home or advising a retiree on how to maximize their income, you'll be making a meaningful impact on your clients' financial well-being. In terms of duties, Financial Advisors typically provide a range of services, including investment management, tax planning, and insurance advice. Some may specialize in certain areas, such as retirement planning or estate management, while others may work with specific types of clients, such as high net worth individuals or small business owners. To become a Financial Advisor, you'll typically need a bachelor's degree in finance, economics, or a related field. Popular undergraduate programs and majors include finance, accounting, and business administration. Many Financial Advisors also go on to earn advanced degrees or certifications, such as a Master of Business Administration (MBA) or the Certified Financial Planner (CFP) designation. In addition to a strong educational background, successful Financial Advisors typically possess a range of helpful personal attributes, such as excellent communication skills, attention to detail, and a customer-focused mindset. Job prospects for Financial Advisors are generally strong, with demand expected to grow in the coming years. Some notable potential employers include large financial institutions such as J.P. Morgan and Wells Fargo, as well as smaller boutique firms and independent advisory practices. So if you're looking for a career that combines your love of numbers with your desire to help others, consider becoming a Financial Advisor. With hard work and dedication, you'll have the opportunity to make a meaningful impact on the financial lives of your clients, while building a rewarding and fulfilling career for yourself.
Finance is an exciting field of study that revolves around the management of money and investments. It plays a crucial role in both the business world and our daily lives, making it a fascinating and rewarding area to explore. Whether you're interested in becoming a financial analyst, a stockbroker, or a financial planner, the study of finance can help you achieve your career goals. One of the most appealing aspects of finance is the potential for high salaries and job security. It is an industry that is always in demand, making it an excellent choice for anyone looking for a stable and lucrative career. Some of the most successful people in the world, including Warren Buffett and Michael Bloomberg, have made their fortunes in the world of finance. In terms of academic discourse, the study of finance has seen exciting innovations in recent years. The rise of Fintech, for example, has completely transformed the way we think about and manage money. Additionally, many academic figures in the field have made significant contributions to our understanding of finance, ranging from Nobel laureate Eugene Fama to personal finance guru Suze Orman. At the undergraduate level, students typically study a range of topics including financial accounting, financial management, and investment analysis. There are also opportunities for specialisation in areas such as financial planning, corporate finance, and investment banking. Real-life examples of exciting careers in finance include roles like investment banker, financial analyst, and financial consultant. There are many exciting potential career paths for those studying finance. In addition to the traditional roles mentioned above, graduates may find opportunities in fields such as real estate, insurance, and government. Many leading financial institutions, such as Goldman Sachs, JPMorgan Chase, and Morgan Stanley, offer excellent opportunities for graduates looking to break into the industry. To succeed in the field of finance, students should have excellent analytical and problem-solving skills, as well as a strong interest in economics and mathematics. Other useful skills include attention to detail, communication skills, and the ability to work well under pressure.
Learning about Ponzi schemes can help you become a more informed investor and a smarter consumer. Ponzi schemes are scams that offer high returns on investments but actually use new investors’ money to pay earlier investors. Bernie Madoff's Ponzi scheme, the largest in history, conned tens of billions of dollars from investors over multiple decades. Understanding how Ponzi schemes work can help you avoid falling victim to them and make better choices with your money. Learning about Ponzi schemes can also help you develop critical thinking skills as you evaluate investment opportunities and assess their legitimacy. By delving into this topic, you can become more financially savvy and protect yourself from fraudulent schemes.