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| duke financial economics center: Fed Up Danielle DiMartino Booth, 2017-02-14 A Federal Reserve insider pulls back the curtain on the secretive institution that controls America’s economy After correctly predicting the housing crash of 2008 and quitting her high-ranking Wall Street job, Danielle DiMartino Booth was surprised to find herself recruited as an analyst at the Federal Reserve Bank of Dallas, one of the regional centers of our complicated and widely misunderstood Federal Reserve System. She was shocked to discover just how much tunnel vision, arrogance, liberal dogma, and abuse of power drove the core policies of the Fed. DiMartino Booth found a cabal of unelected academics who made decisions without the slightest understanding of the real world, just a slavish devotion to their theoretical models. Over the next nine years, she and her boss, Richard Fisher, tried to speak up about the dangers of Fed policies such as quantitative easing and deeply depressed interest rates. But as she puts it, “In a world rendered unsafe by banks that were too big to fail, we came to understand that the Fed was simply too big to fight.” Now DiMartino Booth explains what really happened to our economy after the fateful date of December 8, 2008, when the Federal Open Market Committee approved a grand and unprecedented experiment: lowering interest rates to zero and flooding America with easy money. As she feared, millions of individuals, small businesses, and major corporations made rational choices that didn’t line up with the Fed’s “wealth effect” models. The result: eight years and counting of a sluggish “recovery” that barely feels like a recovery at all. While easy money has kept Wall Street and the wealthy afloat and thriving, Main Street isn’t doing so well. Nearly half of men eighteen to thirty-four live with their parents, the highest level since the end of the Great Depression. Incomes are barely increasing for anyone not in the top ten percent of earners. And for those approaching or already in retirement, extremely low interest rates have caused their savings to stagnate. Millions have been left vulnerable and afraid. Perhaps worst of all, when the next financial crisis arrives, the Fed will have no tools left for managing the panic that ensues. And then what? DiMartino Booth pulls no punches in this exposé of the officials who run the Fed and the toxic culture they created. She blends her firsthand experiences with what she’s learned from dozens of high-powered market players, reams of financial data, and Fed documents such as transcripts of FOMC meetings. Whether you’ve been suspicious of the Fed for decades or barely know anything about it, as DiMartino Booth writes, “Every American must understand this extraordinarily powerful institution and how it affects his or her everyday life, and fight back.” |
| duke financial economics center: Big-Time Sports in American Universities Charles T. Clotfelter, 2019-02-21 This book expands on the argument that spectator sports, despite their problems, have become a central function of American universities. |
| duke financial economics center: Analytical Political Economy Roberto Veneziani, Luca Zamparelli, 2018-06-11 Offering a unique picture of recent developments in a range of non-conventional theoretical approaches in economics, this book introduces readers to the study of Analytical Political Economy and the changes within the subject. Includes a wide range of topics and theoretical approaches that are critically and thoroughly reviewed Contributions within the book are written according to the highest standards of rigor and clarity that characterize academic work Provides comprehensive and well-organized surveys of cutting-edge empirical and theoretical work covering an exceptionally wide range of areas and fields Topics include macroeconomic theories of growth and distribution; agent-based and stock-flow consistent models; financialization and Marxian price and value theory Investigates exploitation theory; trade theory; the role of expectations and ‘animal spirits’ on macroeconomic performance as well as empirical research in Marxian economics |
| duke financial economics center: Liquidated Karen Ho, 2009-07-13 Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy. Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization. |
| duke financial economics center: The Code of Capital Katharina Pistor, 2020-11-03 Capital is the defining feature of modern economies, yet most people have no idea where it actually comes from. What is it, exactly, that transforms mere wealth into an asset that automatically creates more wealth? The Code of Capital explains how capital is created behind closed doors in the offices of private attorneys, and why this little-known fact is one of the biggest reasons for the widening wealth gap between the holders of capital and everybody else. In this revealing book, Katharina Pistor argues that the law selectively codes certain assets, endowing them with the capacity to protect and produce private wealth. With the right legal coding, any object, claim, or idea can be turned into capital - and lawyers are the keepers of the code. Pistor describes how they pick and choose among different legal systems and legal devices for the ones that best serve their clients' needs, and how techniques that were first perfected centuries ago to code landholdings as capital are being used today to code stocks, bonds, ideas, and even expectations--assets that exist only in law. A powerful new way of thinking about one of the most pernicious problems of our time, The Code of Capital explores the different ways that debt, complex financial products, and other assets are coded to give financial advantage to their holders. This provocative book paints a troubling portrait of the pervasive global nature of the code, the people who shape it, and the governments that enforce it.--Provided by publisher. |
| duke financial economics center: Until Proven Innocent Stuart Taylor, KC Johnson, 2010-04-01 What began that night shocked Duke Universityand Durham, North Carolina. And it continues to captivate the nation: the Duke lacrosse team members‘ alleged rape of an African-American stripper and the unraveling of the case against them. In this ever-deepening American tragedy, Stuart Taylor Jr. and KC Johnson argue, law enforcement, a campaigning prosecutor, biased journalists, and left-leaning academics repeatedly refused to pursue the truth while scapegoats were made of these young men, recklessly tarnishing their lives. The story harbors multiple dramas, including the actions of a DA running for office; the inappropriate charges that should have been apparent to academics at Duke many months ago; the local and national media, who were so slow to take account of the publicly available evidence; and the appalling reactions of law enforcement, academia, and many black leaders. Until Proven Innocent is the only book that covers all five aspects of the case (personal, legal, academic, political, and media) in a comprehensive fashion. Based on interviews with key members of the defense team, many of the unindicted lacrosse players, and Duke officials, it is also the only book to include interviews with all three of the defendants, their families, and their legal teams. Taylor and Johnson‘s coverage of the Duke case was the earliest, most honest, and most comprehensive in the country, and here they take the idiocies and dishonesty of right- and left-wingers alike head on, shedding new light on the dangers of rogue prosecutors and police and a cultural tendency toward media-fueled travesties of justice. The context of the Duke case has vast import and contains likable heroes, unfortunate victims, and memorable villains—and in its full telling, it is captivating nonfiction with broad political, racial, and cultural relevance to our times. |
| duke financial economics center: Hedge Fund Activism Alon Brav, Wei Jiang, Hyunseob Kim, 2010 Hedge Fund Activism begins with a brief outline of the research literature and describes datasets on hedge fund activism. |
| duke financial economics center: The Role of Innovation and Entrepreneurship in Economic Growth Michael J Andrews, Aaron Chatterji, Josh Lerner, Scott Stern, 2022-03-17 Innovation and entrepreneurship are ubiquitous today, both as fields of study and as starting points for conversations among experts in government and economic development. But while these areas on continue to attract public and private investments, many measurements of their resulting economic growth-including productivity growth and business dynamism-have remained modest. Why this difference? Because not all business sectors are the same, and the transformative gains of some industries have been offset by stagnation or contraction in others. Accordingly, a nuanced understanding of the economy requires a nuanced understanding of where innovation and entrepreneurship occur and where they matter. Answering these questions allows for strategic public investment and the infrastructure for economic growth.The Role of Innovation and Entrepreneurship in Economic Growth, the latest entry in the NBER conference series, seeks to codify these answers. The editors leverage industry studies to identify specific examples of productivity improvements enabled by innovation and entrepreneurship, including those from new production technologies, increased competition, new organizational forms, and other means. Taken together, the volume illuminates whether the contribution of innovation and entrepreneurship to economic growth is likely to be concentrated, be it selected sectors or more broadly-- |
| duke financial economics center: Introduction to Economic Analysis R. Preston McAfee, 2009-09-24 This book presents introductory economics material using standard mathematical tools, including calculus. It is designed for a relatively sophisticated undergraduate who has not taken a basic university course in economics. The book can easily serve as an intermediate microeconomics text. The focus of this book is on the conceptual tools. Contents: 1) What is Economics? 2) Supply and Demand. 3) The US Economy. 4) Producer Theory. 5) Consumer Theory. 6) Market Imperfections. 7) Strategic Behavior. |
| duke financial economics center: Financial Economics and Econometrics Nikiforos T. Laopodis, 2021-12-14 Financial Economics and Econometrics provides an overview of the core topics in theoretical and empirical finance, with an emphasis on applications and interpreting results. Structured in five parts, the book covers financial data and univariate models; asset returns; interest rates, yields and spreads; volatility and correlation; and corporate finance and policy. Each chapter begins with a theory in financial economics, followed by econometric methodologies which have been used to explore the theory. Next, the chapter presents empirical evidence and discusses seminal papers on the topic. Boxes offer insights on how an idea can be applied to other disciplines such as management, marketing and medicine, showing the relevance of the material beyond finance. Readers are supported with plenty of worked examples and intuitive explanations throughout the book, while key takeaways, ‘test your knowledge’ and ‘test your intuition’ features at the end of each chapter also aid student learning. Digital supplements including PowerPoint slides, computer codes supplements, an Instructor’s Manual and Solutions Manual are available for instructors. This textbook is suitable for upper-level undergraduate and graduate courses on financial economics, financial econometrics, empirical finance and related quantitative areas. |
| duke financial economics center: Wall Street Women Melissa S. Fisher, 2012-06-19 Wall Street Women tells the story of the first generation of women to establish themselves as professionals on Wall Street. Since these women, who began their careers in the 1960s, faced blatant discrimination and barriers to advancement, they created formal and informal associations to bolster one another's careers. In this important historical ethnography, Melissa S. Fisher draws on fieldwork, archival research, and extensive interviews with a very successful cohort of first-generation Wall Street women. She describes their professional and political associations, most notably the Financial Women's Association of New York City and the Women's Campaign Fund, a bipartisan group formed to promote the election of pro-choice women. Fisher charts the evolution of the women's careers, the growth of their political and economic clout, changes in their perspectives and the cultural climate on Wall Street, and their experiences of the 2008 financial collapse. While most of the pioneering subjects of Wall Street Women did not participate in the women's movement as it was happening in the 1960s and 1970s, Fisher argues that they did produce a market feminism which aligned liberal feminist ideals about meritocracy and gender equity with the logic of the market. |
| duke financial economics center: The Origins and Development of Financial Markets and Institutions Jeremy Atack, Larry Neal, 2009-03-16 Collectively, mankind has never had it so good despite periodic economic crises of which the current sub-prime crisis is merely the latest example. Much of this success is attributable to the increasing efficiency of the world's financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of insightful essays, financial and economic historians examine how financial innovations from the seventeenth century to the present have continually challenged established institutional arrangements, forcing change and adaptation by governments, financial intermediaries, and financial markets. Where these have been successful, wealth creation and growth have followed. When they failed, growth slowed and sometimes economic decline has followed. These essays illustrate the difficulties of co-ordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians. |
| duke financial economics center: Negotiating for Success: Essential Strategies and Skills George J. Siedel, 2014-10-04 We all negotiate on a daily basis. We negotiate with our spouses, children, parents, and friends. We negotiate when we rent an apartment, buy a car, purchase a house, and apply for a job. Your ability to negotiate might even be the most important factor in your career advancement. Negotiation is also the key to business success. No organization can survive without contracts that produce profits. At a strategic level, businesses are concerned with value creation and achieving competitive advantage. But the success of high-level business strategies depends on contracts made with suppliers, customers, and other stakeholders. Contracting capability—the ability to negotiate and perform successful contracts—is the most important function in any organization. This book is designed to help you achieve success in your personal negotiations and in your business transactions. The book is unique in two ways. First, the book not only covers negotiation concepts, but also provides practical actions you can take in future negotiations. This includes a Negotiation Planning Checklist and a completed example of the checklist for your use in future negotiations. The book also includes (1) a tool you can use to assess your negotiation style; (2) examples of “decision trees,” which are useful in calculating your alternatives if your negotiation is unsuccessful; (3) a three-part strategy for increasing your power during negotiations; (4) a practical plan for analyzing your negotiations based on your reservation price, stretch goal, most-likely target, and zone of potential agreement; (5) clear guidelines on ethical standards that apply to negotiations; (6) factors to consider when deciding whether you should negotiate through an agent; (7) psychological tools you can use in negotiations—and traps to avoid when the other side uses them; (8) key elements of contract law that arise during negotiations; and (9) a checklist of factors to use when you evaluate your performance as a negotiator. Second, the book is unique in its holistic approach to the negotiation process. Other books often focus narrowly either on negotiation or on contract law. Furthermore, the books on negotiation tend to focus on what happens at the bargaining table without addressing the performance of an agreement. These books make the mistaken assumption that success is determined by evaluating the negotiation rather than evaluating performance of the agreement. Similarly, the books on contract law tend to focus on the legal requirements for a contract to be valid, thus giving short shrift to the negotiation process that precedes the contract and to the performance that follows. In the real world, the contracting process is not divided into independent phases. What happens during a negotiation has a profound impact on the contract and on the performance that follows. The contract’s legal content should reflect the realities of what happened at the bargaining table and the performance that is to follow. This book, in contrast to others, covers the entire negotiation process in chronological order beginning with your decision to negotiate and continuing through the evaluation of your performance as a negotiator. A business executive in one of the negotiation seminars the author teaches as a University of Michigan professor summarized negotiation as follows: “Life is negotiation!” No one ever stated it better. As a mother with young children and as a company leader, the executive realized that negotiations are pervasive in our personal and business lives. With its emphasis on practical action, and with its chronological, holistic approach, this book provides a roadmap you can use when navigating through your life as a negotiator. |
| duke financial economics center: From Here to Equality, Second Edition William A. Darity Jr., A. Kirsten Mullen, 2022-07-27 Racism and discrimination have choked economic opportunity for African Americans at nearly every turn. At several historic moments, the trajectory of racial inequality could have been altered dramatically. But neither Reconstruction nor the New Deal nor the civil rights struggle led to an economically just and fair nation. Today, systematic inequality persists in the form of housing discrimination, unequal education, police brutality, mass incarceration, employment discrimination, and massive wealth and opportunity gaps. Economic data indicates that for every dollar the average white household holds in wealth the average black household possesses a mere ten cents. This compelling and sharply argued book addresses economic injustices head-on and make the most comprehensive case to date for economic reparations for U.S. descendants of slavery. Using innovative methods that link monetary values to historical wrongs, William Darity Jr. and A. Kirsten Mullen assess the literal and figurative costs of justice denied in the 155 years since the end of the Civil War and offer a detailed roadmap for an effective reparations program, including a substantial payment to each documented U.S. black descendant of slavery. This new edition features a new foreword addressing the latest developments on the local, state, and federal level and considering current prospects for a comprehensive reparations program. |
| duke financial economics center: Collective Courage Jessica Gordon Nembhard, 2015-06-13 In Collective Courage, Jessica Gordon Nembhard chronicles African American cooperative business ownership and its place in the movements for Black civil rights and economic equality. Not since W. E. B. Du Bois’s 1907 Economic Co-operation Among Negro Americans has there been a full-length, nationwide study of African American cooperatives. Collective Courage extends that story into the twenty-first century. Many of the players are well known in the history of the African American experience: Du Bois, A. Philip Randolph and the Ladies' Auxiliary to the Brotherhood of Sleeping Car Porters, Nannie Helen Burroughs, Fannie Lou Hamer, Ella Jo Baker, George Schuyler and the Young Negroes’ Co-operative League, the Nation of Islam, and the Black Panther Party. Adding the cooperative movement to Black history results in a retelling of the African American experience, with an increased understanding of African American collective economic agency and grassroots economic organizing. To tell the story, Gordon Nembhard uses a variety of newspapers, period magazines, and journals; co-ops’ articles of incorporation, minutes from annual meetings, newsletters, budgets, and income statements; and scholarly books, memoirs, and biographies. These sources reveal the achievements and challenges of Black co-ops, collective economic action, and social entrepreneurship. Gordon Nembhard finds that African Americans, as well as other people of color and low-income people, have benefitted greatly from cooperative ownership and democratic economic participation throughout the nation’s history. |
| duke financial economics center: NBER Macroeconomics Annual 2015 Martin Eichenbaum, Jonathan A. Parker, 2016-06-22 This year, the NBER Macroeconomics Annual celebrates its thirtieth volume. The first two papers examine China’s macroeconomic development. “Trends and Cycles in China's Macroeconomy” by Chun Chang, Kaiji Chen, Daniel F. Waggoner, and Tao Zha outlines the key characteristics of growth and business cycles in China. “Demystifying the Chinese Housing Boom” by Hanming Fang, Quanlin Gu, Wei Xiong, and Li-An Zhou constructs a new house price index, showing that Chinese house prices have grown by ten percent per year over the past decade. The third paper, “External and Public Debt Crises” by Cristina Arellano, Andrew Atkeson, and Mark Wright, asks why there appear to be large differences across countries and subnational jurisdictions in the effect of rising public debts on economic outcomes. The fourth, “Networks and the Macroeconomy: An Empirical Exploration” by Daron Acemoglu, Ufuk Akcigit, and William Kerr, explains how the network structure of the US economy propagates the effect of gross output productivity shocks across upstream and downstream sectors. The fifth and sixth papers investigate the usefulness of surveys of household’s beliefs for understanding economic phenomena. “Expectations and Investment,” by Nicola Gennaioli, Yueran Ma, and Andrei Shleifer, demonstrates that a chief financial officer's expectations of a firm's future earnings growth is related to both the planned and actual future investment of that firm. “Declining Desire to Work and Downward Trends in Unemployment and Participation” by Regis Barnichon and Andrew Figura shows that an increasing number of prime-age Americans who are not in the labor force report no desire to work and that this decline accelerated during the second half of the 1990s. |
| duke financial economics center: The Color of Wealth Barbara Robles, Betsy Leondar-Wright, Rose Brewer, 2006-06-05 For every dollar owned by the average white family in the United States, the average family of color has less than a dime. Why do people of color have so little wealth? The Color of Wealth lays bare a dirty secret: for centuries, people of color have been barred by laws and by discrimination from participating in government wealth-building programs that benefit white Americans. This accessible book—published in conjunction with one of the country's leading economics education organizations—makes the case that until government policy tackles disparities in wealth, not just income, the United States will never have racial or economic justice. Written by five leading experts on the racial wealth divide who recount the asset-building histories of Native Americans, Latinos, African Americans, Asian Americans, and European Americans, this book is a uniquely comprehensive multicultural history of American wealth. With its focus on public policies—how, for example, many post–World War II GI Bill programs helped whites only—The Color of Wealth is the first book to demonstrate the decisive influence of government on Americans' net worth. |
| duke financial economics center: Competition, Markups, and the Gains from International Trade Chris Edmond, Virgiliu Midrigan, Daniel Yi Xu, 2013 We study the gains from trade in a model with endogenously variable markups. We show that the pro-competitive gains from trade are large if the economy is characterized by (i) extensive misallocation, i.e., large inefficiencies associated with markups, and (ii) a weak pattern of cross-country comparative advantage in individual sectors. We find strong evidence for both of these ingredients using producer-level data for Taiwanese manufacturing establishments. Parameterizations of the model consistent with this data thus predict large pro-competitive gains from trade, much larger than those in standard Ricardian models. In stark contrast to standard Ricardian models, data on changes in trade volume are not sufficient for determining the gains from trade. |
| duke financial economics center: Predictably Irrational Dan Ariely, 2008-02 Intelligent, lively, humorous, and thoroughly engaging, The Predictably Irrational explains why people often make bad decisions and what can be done about it. |
| duke financial economics center: Markets for Technology Ashish Arora, Andrea Fosfuri, Alfonso Gambardella, 2004-01-30 The past two decades have seen a gradual but noticeable change in the economic organization of innovative activity. Most firms used to integrate research and development with activities such as production, marketing, and distribution. Today firms are forming joint ventures, research and development alliances, licensing deals, and a variety of other outsourcing arrangements with universities, technology-based start-ups, and other established firms. In many industries, a division of innovative labor is emerging, with a substantial increase in the licensing of existing and prospective technologies. In short, technology and knowledge are becoming definable and tradable commodities. Although researchers have made significant advances in understanding the determinants and consequences of innovation, until recently they have paid little attention to how innovation functions as an economic process. This book examines the nature and workings of markets for intermediate technological inputs. It looks first at how industry structure, the nature of knowledge, and intellectual property rights facilitate the development of technology markets. It then examines the impacts of these markets on firm boundaries, the division of labor within the economy, industry structure, and economic growth. Finally, it examines the implications of this framework for public policy and corporate strategy. Combining theoretical perspectives from economics and management with empirical analysis, the book also draws on historical evidence and case studies to flesh out its research results. |
| duke financial economics center: 21st Century Economics: A Reference Handbook Rhona C. Free, 2010-05-14 Interest in economics is at an all-time high. Among the challenges facing the nation is an economy with rapidly rising unemployment, failures of major businesses and industries, and continued dependence on oil with its wildly fluctuating price. Economists have dealt with such questions for generations, but they have taken on new meaning and significance. Tackling these questions and encompassing analysis of traditional economic theory and topics as well as those that economists have only more recently addressed, 21st Century Economics: A Reference Handbook is a must-have reference resource. Key Features Provides highly readable summaries of theory and models in key areas of micro and macroeconomics, helpful for students trying to get a big picture sense of the field Includes introductions to relevant theory as well as empirical evidence, useful for readers interested in learning about economic analysis of an issue as well for students embarking on research projects Features chapters focused on cutting-edge topics with appeal for economists seeking to learn about extensions of analysis into new areas as well as new approaches Presents models in graphical format and summarizes empirical evidence in ways that do not require much background in statistics or econometrics, so as to maximize accessibility to students |
| duke financial economics center: Polish Cinema Today Helena Goscilo, Beth Holmgren, 2021-08-19 A 2022 Choice Reviews Outstanding Academic Title Structured according to key themes, Polish Cinema Today analyzes the remarkable innovations in Polish cinema emerging a decade after the 1989 dissolution of the Soviet bloc, once its film industry had evolved from a socialist state enterprise into a much more accessible system of film production, with growing expertise in distribution and marketing. By the early 2000s, an impressive, diverse cohort of filmmakers broke through the gridlock of a small set of esteemed, aging auteurs as well as the glut of imported Hollywood blockbusters, empowered by the digital revolution and domestic audience appetite for independent work. Polish directors today challenge sacrosanct bromides about national and gender identity, Poland’s historical martyrdom, the status of the influential Catholic Church, and the benevolent family, while investigating the phenomena of migration and sexuality in their full complexity. Each thematic chapter places these recent films within a historical/cultural context nationally and transnationally, and designs its analyses of specific works to engage general audiences of film scholars, students, and cinephiles. |
| duke financial economics center: Hayek Bruce Caldwell, Hansjoerg Klausinger, 2022-11-25 A 2022 Economist Best Book of the Year. The definitive account of the distinguished economist’s formative years. Few twentieth-century figures have been lionized and vilified in such equal measure as Friedrich Hayek—economist, social theorist, leader of the Austrian school of economics, and champion of classical liberalism. Hayek’s erudite arguments in support of individualism and the market economy have attracted a devout following, including many at the levers of power in business and government. Critics, meanwhile, cast Hayek as the intellectual forefather of “neoliberalism” and of all the evils they associate with that pernicious doctrine. In Hayek: A Life, historians of economics Bruce Caldwell and Hansjörg Klausinger draw on never-before-seen archival and family material to produce an authoritative account of the influential economist’s first five decades. This includes portrayals of his early career in Vienna; his relationships in London and Cambridge; his family disputes; and definitive accounts of the creation of The Road to Serfdom and of the founding meeting of the Mont Pèlerin Society. A landmark work of history and biography, Hayek: A Life is a major contribution both to our cultural accounting of a towering figure and to intellectual history itself. |
| duke financial economics center: The Governance of Solar Geoengineering Jesse L. Reynolds, 2019-05-23 Solar geoengineering could reduce climate change, but poses risks. This volume explores how it is, could, and should be governed. |
| duke financial economics center: Preparing Graduate Students to Teach Leo M. Lambert, Stacey Lane Tice, 1993 The product of a survey of 500+ institutions nationwide, in which they described their TA training programs. Profiles 72 centralized and discipline-based exemplary programs in detail, plus directory information on another 350+ programs. Cosponsored by the Council of Graduate Schools. |
| duke financial economics center: Adam Smith in Toulouse and Occitania Alain Alcouffe, Philippe Massot-Bordenave, 2020-10-07 This book provides substantial background on what Adam Smith did during his stay in Toulouse and the Languedoc region of France during the 18th century. This is a crucial period in Smith’s life for at least two reasons: i) it is during this time that Smith began to work on The Wealth of Nations; and ii) it is generally understood that although some of his ideas about political economy were already formed before his trip, his encounters with many French political economists during his time in France helped him to further develop them. As such, this book provides a rich resource to further understanding Smith's world, his travel experiences and the people he met during this time and situates these within the broader context of Smith's life as a whole, and within the British aristocracy. This work will be of value to students and researchers in the history of economic thought, travel studies and Scottish studies. |
| duke financial economics center: Quantitative Financial Economics Keith Cuthbertson, Dirk Nitzsche, 2005-05-05 This new edition of the hugely successful Quantitative Financial Economics has been revised and updated to reflect the most recent theoretical and econometric/empirical advances in the financial markets. It provides an introduction to models of economic behaviour in financial markets, focusing on discrete time series analysis. Emphasis is placed on theory, testing and explaining ‘real-world’ issues. The new edition will include: Updated charts and cases studies. New companion website allowing students to put theory into practice and to test their knowledge through questions and answers. Chapters on Monte Carlo simulation, bootstrapping and market microstructure. |
| duke financial economics center: Black Bourgeoisie Franklin Frazier, 1997-02-13 Originally published: Glencoe, Ill.: Free Press, [1957]. |
| duke financial economics center: Envisioning a Transformed Clinical Trials Enterprise in the United States Institute of Medicine, Board on Health Sciences Policy, Forum on Drug Discovery, Development, and Translation, 2012-09-13 There is growing recognition that the United States' clinical trials enterprise (CTE) faces great challenges. There is a gap between what is desired - where medical care is provided solely based on high quality evidence - and the reality - where there is limited capacity to generate timely and practical evidence for drug development and to support medical treatment decisions. With the need for transforming the CTE in the U.S. becoming more pressing, the IOM Forum on Drug Discovery, Development, and Translation held a two-day workshop in November 2011, bringing together leaders in research and health care. The workshop focused on how to transform the CTE and discussed a vision to make the enterprise more efficient, effective, and fully integrated into the health care system. Key issue areas addressed at the workshop included: the development of a robust clinical trials workforce, the alignment of cultural and financial incentives for clinical trials, and the creation of a sustainable infrastructure to support a transformed CTE. This document summarizes the workshop. |
| duke financial economics center: The Practice of Economics Alex N. McLeod, 1993-01-01 This book offers a unique comparative perspective on economic systems and decision-making in Western Societies. It is a lucid and practical guide to the complexities of economics. |
| duke financial economics center: Tomorrow 3.0 Michael C. Munger, 2018-03-22 Munger predicts that smartphones will allow the 'transactions cost economy' to commodify excess capacity, promoting sharing instead of owning.m |
| duke financial economics center: The Great Stagnation Tyler Cowen, 2011-01-25 Tyler Cowen’s controversial New York Times bestseller—the book heard round the world that ignited a firestorm of debate and redefined the nature of America’s economic malaise. America has been through the biggest financial crisis since the great Depression, unemployment numbers are frightening, media wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess? One political party tries to increase government spending even when we have no good plan for paying for ballooning programs like Medicare and Social Security. The other party seems to think tax cuts will raise revenue and has a record of creating bigger fiscal disasters that the first. Where does this madness come from? As Cowen argues, our economy has enjoyed low-hanging fruit since the seventeenth century: free land, immigrant labor, and powerful new technologies. But during the last forty years, the low-hanging fruit started disappearing, and we started pretending it was still there. We have failed to recognize that we are at a technological plateau. The fruit trees are barer than we want to believe. That's it. That is what has gone wrong and that is why our politics is crazy. In The Great Stagnation, Cowen reveals the underlying causes of our past prosperity and how we will generate it again. This is a passionate call for a new respect of scientific innovations that benefit not only the powerful elites, but humanity as a whole. |
| duke financial economics center: Commodities H. Kent Baker, Greg Filbeck, Jeffrey H. Harris, 2018-03-06 Commodities: Markets, Performance, and Strategies provides a comprehensive view of commodity markets by describing and analyzing historical commodity performance, vehicles for investing in commodities, portfolio strategies, and current topics. It begins with the basics of commodity markets and various investment vehicles. The book then highlights the unique risk and return profiles of commodity investments, along with the dangers from mismanaged risk practices. The book also provides important insights into recent developments, including high frequency trading, financialization, and the emergence of virtual currencies as commodities. Readers of Commodities: Markets, Performance, and Strategies can gain an in-depth understanding about the multiple dimensions of commodity investing from experts from around the world. Commodity markets can be accessed with products that create unique risk and return dynamics for investors worldwide. The authors provide insights in a range of areas, from the economics of supply and demand for individual physical commodities through the financial products used to gain exposure to commodities. The book balances useful practical advice on commodity exposure while exposing the reader to various pitfalls inherent in these markets. Readers interested in a basic understanding will benefit as will those looking for more in-depth presentations of specific areas within commodity markets. Overall, Commodities: Markets, Performance, and Strategies provides a fresh look at the myriad dimensions of investing in these globally important markets. |
| duke financial economics center: Python for Everybody Charles R. Severance, 2016-04-09 Python for Everybody is designed to introduce students to programming and software development through the lens of exploring data. You can think of the Python programming language as your tool to solve data problems that are beyond the capability of a spreadsheet.Python is an easy to use and easy to learn programming language that is freely available on Macintosh, Windows, or Linux computers. So once you learn Python you can use it for the rest of your career without needing to purchase any software.This book uses the Python 3 language. The earlier Python 2 version of this book is titled Python for Informatics: Exploring Information.There are free downloadable electronic copies of this book in various formats and supporting materials for the book at www.pythonlearn.com. The course materials are available to you under a Creative Commons License so you can adapt them to teach your own Python course. |
| duke financial economics center: Corporate Finance: Linking Theory to What Companies Do John Graham, Scott B. Smart, William L Megginson, 2009-09-28 Connect the latest financial theories to what today's organizations and CFOs are actually practicing in business with Graham/Smart/Megginson's CORPORATE FINANCE: LINKING THEORY TO WHAT COMPANIES DO, 3E. This business-focused, accessible text is more relevant than ever as award-winning author and nationally acclaimed finance researcher John Graham of Duke University, joins master-teacher Scott Smart and international business expert Bill Megginson to help bridge the gap between academic rigor and corporate finance practices. Each chapter in this edition now integrates the latest results from Duke University's prestigious CFO Global Business Outlook, a quarterly survey of financial executives that gauges business outlook and topical economic issues. The authors have refined this practical text and integrated technology to closely correspond with the way you teach your MBA-level course. Engaging examples, meaningful cases, and practical exercises reflect how today's changing events and recent financial crises relate to established finance principles. Cross-functional applications and career-focused features, such as actual job interview questions in the margin, make the book applicable to all students, whether finance majors or general business professionals. Time-saving online Smart Finance tools, created by author Scott Smart, further reinforce learning with integrated tutorials, interactive practice, and videos from leading finance researchers introducing key theories and concepts. Graham/Smart/Megginson's CORPORATE FINANCE: LINKING THEORY TO WHAT COMPANIES DO, 3E offers the practical, global financial perspective students need to remain first in finance now and throughout their future careers. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version. |
| duke financial economics center: Educational Economics Marguerite Roza, 2010 Educational Economics: Where Do School Funds Go? examines education finance from the school's vantage point, explaining how the varied funding streams can prevent schools from delivering academic services that mesh with their stated priorities. As government budgets shrink, linking expenditures to student outcomes will be imperative. Educational Economics offers concrete prescriptions for reform. |
| duke financial economics center: Social Patterns in Normal Aging Erdman Ballagh Palmore, 1981 Erdman Palmore has written a comprehensive, systematic summary of all extant findings on social patterns in normal aging learned from the landmark Duke Longitudinal Studies in aging. Palmore discusses the implications of these findings for major issues in gerontology and answers such questions as: Do elderly people reduce their social activity? Do they come to resemble one another or become more different as they age? Do major events in later life produce stress resulting in physical and/or mental illnesses? Does sexual activity maintain or reduce life satisfaction and longevity? Palmore's conclusions challenge many current ideas and prejudices widely held about people over the age of 65. |
| duke financial economics center: Data Science in the Library Joel Herndon, 2022 This book considers the current environment for data driven research, instruction, and consultation from a variety of faculty and library perspectives and suggests strategies for engaging with the tools and methods of data driven research. |
| duke financial economics center: FinTech Law and Policy Lee Reiners, 2018-07-12 In 2016, few people had ever heard of Bitcoin or blockchain, initial coin offerings were non-existent, and U.S. financial regulatory agencies had yet to react to the emergence of non-bank financial services providers. The FinTech industry has changed dramatically since then: Bitcoin has captured the public imagination and spawned new derivatives products, you can apply for a mortgage on your smartphone, initial coin offerings are now a viable alternative to venture capital funding, and the Office of the Comptroller Currency has proposed a new kind of bank charter specifically for FinTech firms.While many have focused on the technologies underpinning the FinTech revolution, less attention has been placed on how these technologies fit within the current financial regulatory framework. Understanding this framework is critical to the long-term success of any FinTech startup. While technology startups in other sectors may predicate their business on breaking rules and ignoring regulations, such a strategy is sure to fail if deployed by a FinTech firm. This is because the financial industry is heavily regulated by multiple state and federal agencies that often have overlapping authority. Being a successful FinTech firm requires more than just great technology; it also requires an understanding of the laws and regulations applicable to your business. This book aims to provide you with that understanding. You will learn about the critical legal, regulatory, and policy issues associated with: cryptocurrencies, initial coin offerings, online lending, new payments and wealth management technologies, and financial account aggregators. In addition, you will learn how regulatory agencies in the U.S. have adjusted to the emergence of new financial technologies and how one specific agency, the Office of the Comptroller of the Currency, has proposed a path for FinTech firms to become regulated banks. You will also learn the basics of how banks are regulated in the U.S. If you are unfamiliar with how these new financial technologies work, fear not. Each chapter begins with a high-level overview of the technology. Understanding the legal and regulatory framework applicable to new financial technologies is critical to the long-term success of any FinTech startup. FinTech companies that begin operating with a firm grasp of the laws and regulations applicable to their business can not only avoid the pitfalls that have ensnared many a FinTech before them, but also gain a competitive advantage and make the company a more attractive investment for venture capital firms and other potential investors. |
| duke financial economics center: Philosophy of Science , 1971 |
Hearing on Crypto Crash: Why Financial System Safeguards …
the Policy Director at the Duke Financial Economics Center and a lecturing fellow at Duke University School of Law. 1. I teach courses in cryptocurrency law and policy, cybersecurity policy, climate …
Mr. Lee Reiners, Policy Director, Duke Financial Economics …
Mar 9, 2023 · Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, which must research terrorist and illicit use of new financial technologies and issue an …
LEE REINERS CFA Policy Director at the Duke Financial …
FinTech Law and Policy: The Critical Legal and Regulatory Challenges Confronting FinTech Firms and the Policy Debates that are Occurring across the Country (Independently published, 2018).
The Circuit October 2019 EDITED - Harris Search
Duke University’s Pratt School of Engineering and the Duke Financial Economics Center are teaming up to offer a master’s degree in financial technology (FinTech).
ADVISORY COMMITTEE ON INVESTMENT RESPONSIBILITY
The case for divestment from a financial economics standpoint ¶ Is there empirical evidence that divestment alters corporate decision-making? ¶ Does divestment tilt the investment landscape in …
CLIMATE DISCLOSURE - Duke University
who are working to address climate change and the risks it poses to the global financial system through effective implementation of climate risk disclosure rules. The Lab is an education and …
Tim Bollerslev is the first Juanita and Clifton Kreps …
Tim Bollerslev is the first Juanita and Clifton Kreps Distinguished Professor of Economics at Duke University, Professor of Finance at the Fuqua School of Business, and Research Director for the …
Hearing on Financial Technology and Inclusion Thursday, …
Mar 9, 2023 · Policy Director at the Duke Financial Economics Center and a lecturing fellow at Duke University School of Law. 1. I teach courses in cryptocurrency law and policy, cybersecurity …
Journal of Financial Economics - Duke University
J.R. Graham, J. Grennan, C.R. Harvey et al. Journal of Financial Economics 146 (2022) 552–593 enhances firm value: 91% of executives consider corporate culture to be “important”or “very …
LEE REINERS CFA Lecturing Fellow at the Duke Financial …
Oct 1, 2024 · Investors and Society (with Tyler Gellasch) (Global Financial Markets Center, February 2021) available at https://web.law.duke.edu/sites/default/files/centers/gfmc/From-Laggard-to …
Self-Certification: Past, Present, and Future
Sep 30, 2022 · • New York Department of Financial Services (DFS) issued new coin listing guidance in 2020 • A VC Entity that wishes to self-certify the use of new coins without the prior approval …
House Committee on Financial Services Hearing The Future of …
Jun 13, 2023 · House Committee on Financial Services Hearing The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem Tuesday, June 13, 2023 Statement for the …
“What is a bank? ILCs, FinTechs, and True Lender”
• Lewis Goodwin, Square Financial Services • Lee Reiners, Duke Financial Economics Center March 30, 2023
Ten Years from the Bottom: Agenda for March 20 th, 2019
Emma Rasiel, Eads Professor & Teaching Director of the Duke Financial Economics Center 1:15-2:00: The role of the Federal Reserve as Lender of Last Resort in Financial Crises (Geneen …
Regulating ESG: The SEC’s Upgraded Names Rule and …
Lecturing Fellow at the Duke Financial Economics Center (DFE) and Director of DFE’s Climate Risk Disclosure Lab. The author would like to thank Ashley Nelson for research assistance. 1 “ESG …
COMPETITION SERIES - Duke University
DUKE FINANCIAL ECONOMICS CENTER. Saturday, February 25th. Merger Proposition. Thursday, April 6th. Value Investing. Thursday, April 20th. Credit/Special Situations. Open to all Duke …
July 2013 - Duke University
Duke Financial Economics Center (DFE) The Duke Financial Economics Center (DFE) was chosen to be included in the current Duke Forward fundraising campaign. The DFE has already received …
Duke Financial Economics Center (PDF)
theoretical approaches in economics this book introduces readers to the study of Analytical Political Economy and the changes within the subject Includes a wide range of topics and theoretical …
Proposal for a - academiccouncil.duke.edu
Part of this additional workload will also be assumed by the Duke Financial Economics Center, whose Research, Teaching and Executive Directors (Professors Bollerslev & Rasiel and John …
Letter from Chair-Dec 2010 - econ.duke.edu
We are also pleased to announce the new Duke Financial Economics Center. The Center’s goals are to broaden the range of finance courses and research opportunities offered to Duke students, to …
Tim Bollerslev is the first Juanita and Clifton Kreps …
Tim Bollerslev is the first Juanita and Clifton Kreps Distinguished Professor of Economics at Duke University, Professor of Finance at the Fuqua School of Business, and Research Director for …
July 2013 - Duke University
Duke Financial Economics Center (DFE) The Duke Financial Economics Center (DFE) was chosen to be included in the current Duke Forward fundraising campaign. The DFE has …
COMPETITION SERIES - Duke University
DUKE FINANCIAL ECONOMICS CENTER. Saturday, February 25th. Merger Proposition. Thursday, April 6th. Value Investing. Thursday, April 20th. Credit/Special Situations. Open to …
Letter from Chair-Dec 2010 - econ.duke.edu
We are also pleased to announce the new Duke Financial Economics Center. The Center’s goals are to broaden the range of finance courses and research opportunities offered to Duke …
CLIMATE DISCLOSURE - Duke University
In its 2021 Status Report, the Task Force on Climate-related Financial Disclosures noted that more that more 2,600 organizations have expressed their support for the TCFD …
January 2012 - Duke University
the Duke Financial Economics Center. This annual program allows students to learn more about financial markets and institutions while experiencing many local site visits and lectures by …
June 20, 2023 CURRICULUM VITAE - Duke University
Juanita and Clifton Kreps Professor of Economics, Department of Economics, Duke University, 1998-present Research Director, Duke Financial Economics Center (DFE), 2010-present
Curriculum Vitae - Duke University
Duke in NY: Financial Markets and Institutions Program, June 1, 2008 - present Duke Center for Financial Economics, June 1, 2008 - present MA Program, Department of Economics, …
Journal of Financial Economics - Duke University
Journal of Financial Economics 137 (2020) 515–549 Contents lists available at ScienceDirect ... Weller Duke University, 213 Social Sciences Building, Box 90097, Durham, NC 27708, USA a …
A Guide to Writing in Economics - Duke University
What does writing have to do with economics? Well, a lot, as it turns out. Economists, as much or even more than other scholars and analysts, write. Although we may think of economics as …
