Facundo Abraham and Sergio L. Schmukler (World Bank): Financial Globalization: A Glass Half Empty? The first chapter from The Paradox of Vulnerability: States, Nationalism, and the Financial Crisis by John L. Campbell and John A. Hall. The economics of the global “bankster” crime wave: The system for prosecuting transnational white-collar financial crimes has broken down almost completely — the good news is that this problem does not require elegant or especially complex solutions. The U.S. never had the will and the ability to hold the most powerful to account: Guy Rolnik interviews Eliot Spitzer on financial regulation, regulatory capture, and antitrust (and part 2). Anat Admati on mythbusting four popular excuses for failed financial regulations.
Andrew F. Tuch (WASTL): The Remaking of Wall Street. Insider trading has been rife on Wall Street, academics conclude: One study suggests insiders profited even from the global financial crisis; another that the whole share-trading system is rigged. How the banks won over Washington again: A decade out from a cataclysmic Wall Street meltdown, banks are winning again in Washington. Lords of misrule: Matt Stoller on how the legal profession became Wall Street’s helpmeet. How a misfit group of computer geeks and English majors transformed Wall Street: In the 1980s, a quiet hedge fund located above a Marxist bookstore launched a revolution that would change finance (and give us Amazon). Robots are coming for these Wall Street jobs.
Shyam Sunder (Yale): Financial Regulation for a Better Society. William MacAskill (Oxford): Banking: The Ethical Career Choice. Juha Joenvaara (Oulu) and Cristian Ioan Tiu (SUNY-Buffalo): Hedge Fund Flows and Name Gravitas. Yan Lu (UCF) and Melvyn Teo (SMU): Do Alpha Males Deliver Alpha? Testosterone and Hedge Funds. A study finds women in finance are punished more severely — especially when their boss is a man. How the finance industry is trying to cash in on #MeToo.
