Stern in the News: September 2009
Issue date: 11/3/09 Section: Administration
In September, NYU Stern generated more than 570 media hits, reflecting the high caliber of Stern faculty whose knowledge was sought on an array of topics such as the fall of Lehman, financial regulation and the role of ratings agencies in the financial crisis. These comments were reproduced in such respected outlets as the Financial Times, The Wall Street Journal, Reuters and Bloomberg. Moreover, Stern faculty members authored several op-eds, giving their opinions on topics such as the agenda of the G-20 and the outlook for education in the US.
For a look at NYU Stern's media coverage in real-time, visit the News and Information site at www.stern.nyu.edu/News.
Faculty Research
The Wall Street Journal: "New Financial Rules Necessitate Putting the Squeeze on Banks"
September 22, 2009
Professor Philipp Schnabl's estimates of commercial banks' profitability, had they faced leverage limits in the five years preceding the financial crisis, were referenced in a graph. On PressTV he said that although we are not completely out of the financial crisis, the situation has greatly improved. He told Globo.com and Globo TV that financial regulation is necessary, especially for too-big-to-fail institutions. Professor Schnabl told Reuters that the revenue banks receive from overdraft fees is quite significant. He spoke to SNL Financial News about the one-year anniversary of the collapse and rescue of AIG and to La Presse about the anniversary of the financial crisis.
The New York Times: "Perceiving the Risk of Stock Picking"
September 20, 2009
Professor Priya Raghubir's recently co-authored paper that found an essentially irrational buyer response to a stock's "run length" was featured. CNN International ran Professor Raghubir's research that people are more likely to spend money when it's in smaller denominations. On BNN and BBC Radio she outlined her co-researched findings that consumers spend more readily using credit cards than cash.
For a look at NYU Stern's media coverage in real-time, visit the News and Information site at www.stern.nyu.edu/News.
Faculty Research
The Wall Street Journal: "New Financial Rules Necessitate Putting the Squeeze on Banks"
September 22, 2009
Professor Philipp Schnabl's estimates of commercial banks' profitability, had they faced leverage limits in the five years preceding the financial crisis, were referenced in a graph. On PressTV he said that although we are not completely out of the financial crisis, the situation has greatly improved. He told Globo.com and Globo TV that financial regulation is necessary, especially for too-big-to-fail institutions. Professor Schnabl told Reuters that the revenue banks receive from overdraft fees is quite significant. He spoke to SNL Financial News about the one-year anniversary of the collapse and rescue of AIG and to La Presse about the anniversary of the financial crisis.
The New York Times: "Perceiving the Risk of Stock Picking"
September 20, 2009
Professor Priya Raghubir's recently co-authored paper that found an essentially irrational buyer response to a stock's "run length" was featured. CNN International ran Professor Raghubir's research that people are more likely to spend money when it's in smaller denominations. On BNN and BBC Radio she outlined her co-researched findings that consumers spend more readily using credit cards than cash.
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