News and Commentary
Gary Gensler, President Biden’s appointee to SEC Chair, may pursue aggressive fintech regulation during his tenure writes Raha Foroohar at Financial Times.
Shaked Barkay highlights the debate over whether climate change should be incorporated into the stress testing of financial institutions in The Regulatory Review.
Center for Economic and Policy Research economists note economic crises as an inequality inducing effect of financial liberalization.
New Research
Robert Merton and Richard Thakor find the ‘no-fault-default debt’ structure able to reduce bankruptcy’s deadweight costs in an NBER paper.
Maya Durvasula, Lisa Ouellette, and Heidi Williams construct a novel dataset revealing less underreporting of governmental support for drug development than previously thought.
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