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33 Professors at NYU Stern School of Business Propose Solutions on Restoring the Global Financial System

NEW YORK, NY — March 5, 2009 — Collaborative Effort Yields 18 Policy White Papers, Published Book and New MBA Course. » More

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Below is a snapshot of current NYU Stern news coverage highlights, including Stern faculty research and expertise, as well as student, alumni and campus news. For a comprehensive look at Stern's media coverage, visit the Stern in the News archive.

July/August 2009 
The Atlantic: "Sustainable growth may mean investing slowly in infrastructures for the future, and rebuilding our human capital. Renewable resources. Maybe nanotechnology?" said Professor Nouriel Roubini. 
June 2009 
CBS MoneyWatch.com: "The corporate health of the United States depends on our saving because it is crucial for investment. There can be no investment unless we save," said Professor Gian Luca Clementi. 
Forbes.com: Professor Glenn Okun is featured as part of the Small Business Exchanges "Ask an Expert" series. 
Summer 2009 
New America Foundation: "According to [Professor] William Baumol, the sharing of technology among firms in imperfectly competitive markets can benefit innovation and economic growth." 
June 29, 2009 
Barron's: NYU Stern's Bankruptcy Conference, hosted by the Salomon Center and featuring the Federal Reserve Bank of Kansas City President Thomas Hoenig, was highlighted. Additional coverage appeared on NASDAQ.com, MortgageNewsDaily.com and TheFlyontheWall.com.  
Clinical Trials Week: The appointment of Dr. Joseph Stauffer, a student in the TRIUM Global Executive MBA program, an alliance among NYU Stern, LSE and HEC Paris, as the new Chief Medical Officer and Executive Vice President, Corporate Strategy of DURECT Corporation, was cited. 
The Wall Street Journal: "It's going to be quite challenging to do much better [than the junk bond rally this spring]," said Professor Edward Altman. 
June 27, 2009 
TechCrunch.com: Professor Alexander Ljungqvist's co-authored paper, "Whom You Know Matters: Venture Capital Networks and Investment Performance," which suggests that venture investors with the biggest and best networks produce the best returns, was highlighted. Additional coverage appeared on TopNews.us and VentureBeat.com.  
June 26, 2009 
Forbes.com: In an op-ed, Professor Nouriel Roubini wrote, " ... One cannot rule out that the U.S. will use inflation and depreciation as a way out of its public and private debts." Additional coverage of Professor Roubini's global economic predictions appeared on Bloomberg, ABC News, Seattle Times, The Huffington Post, BlueMauMau.com, NewsMax.com, CQPolitics.com, PalmBeachPost.com, Tennessean.comInsideFutures.comMoneyNews.comProvidence Business News and NationalReview.com.  
Forbes.com: In an op-ed, Professor Tunku Varadarajan wrote, "Farrah Fawcett's poster, ineradicably luminous, irrefutably subversive, gave young males in joyless places ... a priceless vision of America, and of American happiness." 
MarketsMediaOnline.com: During an interview, Nobel Laureate Professor Robert Engle discussed the Volatility Institute at NYU Stern and its centerpiece, the Volatility Lab (VLab). 
June 25, 2009 
Associated Press: "'Presumably they've quietly been trying to sell off the blocks of business,' but AIG executives felt the bids were insufficient and that a public offering would bring in more money, said [Professor] Robert E. Wright." Additional coverage appeared on ChicagoTribune.com, StarTribune.com, LATimes.com, CBSNews.com, Fox40.com, ABC26.com, DailyPress.com, Newser.com, Taragana.com and Deseret Morning News. 
BrighTalk.com: During an hour-long webcast, Professor Viral Acharya discussed NYU Stern's recently published book, Restoring Financial Stability: How to Repair a Failed System. 
Chicago Daily Herald: "All our problems - fiscal, monetary, dealing with banks, dealing with job creating - they will become exacerbated [in the next year]," said Professor Nouriel Roubini. Additional coverage of Professor Roubini's economic predictions appeared in Reuters, ETFGuide.com, Examiner.com, CNBC.com and MoneyWeek.com. 
CNBC: During an interview, Nobel Laureate Professor Robert Engle discussed his support of the Fed's oversight of banks and rating agencies, and his outlook for the economy. 
The Economist: In a search for the ideal book about the financial crisis, "The book that best combines history, analysis and prescription is Restoring Financial Stability: How to Repair a Failed System, a series of essays by academics at [NYU Stern, edited by Professors Viral Acharya and Matthew Richardson]. 
Forbes.com: In an co-authored op-ed, Professor Nouriel Roubini outlined the regulatory reforms at some G-7 financial centers. Additional coverage of Professor Roubini's outlook for the global economy appeared on Bloomberg TV and Bloomberg, PBS.org, Voice of America, Business Day, The Independent and The Huffington Post. 
June 24, 2009 
Examiner.com: Nobel Laureate Professor Robert Engle's Financial Times online video course on global financial volatility was highlighted. 
Forbes.com: In an op-ed, Dean Thomas Cooley wrote, "The [Obama] administration's plan hits the mark in recognizing that the best way to discourage the creation of systemic risk is to charge firms for creating it." Additional coverage appeared on Forbes.com. 
Reuters: "Lawrence White, a professor at [NYU Stern], says that more than 80 percent of investors are big institutions like investment banks or mutual funds which have extensive research capabilities and have built their reputations in part on knowing who can be trusted and who cannot." 
VoxEU.org: In an op-ed, Professor Xavier Gabaix and co-author propose "incentive accounts" that are consistent with a firm's position and long-term interests as a solution to the issues surrounding executive compensation. 
June 22, 2009 
CNBC.com: "Paradoxically, because of this financial crisis, there has been more financial consolidation and even bigger to fail (banks)," said Professor Nouriel Roubini. Additional coverage of Professor Roubini's predictions for the housing market, the cost of oil and outlook for global finance appeared in three additional CNBC.com articles and a CNBC video, two CNNMoney.com videos, Bloomberg, two Reuters pieces, Financial Times blog, The Wall Street Journal blog, The New York Times, Huffington Post, two TheStreet.com pieces, Economic Times, Contrarian Profits, WTN NewsTheflyonthewall.comHoweStreet.com and AlterNet.org.  
Financial Times: In an op-ed, HKUST/NYU Stern MS in Global Finance student Han Lin wrote, "Not every institution fits the bill in preparing students for the unpredictable future but the HKUST/NYU Stern Masters was exactly the education I sought - dynamic, and relevant to a changing world." In addition, Professors Ingo Walter and Menachem Brenner were highlighted. 
Forbes Asia: In an op-ed, Professor Nouriel Roubini wrote, "Thinkers [who forecasted the financial crisis] - like myself - were not Dr. Dooms; they were, rather, Dr. Realists, analytically rigorous and intellectually honest and willing to engage in critical thinking rather than follow the herd of the easy consensus." Additional coverage of Professor Roubini's economic outlook for Europe and belief that the US banking system is far from recovery appeared in three Bloomberg pieces, Fortune and a Fortune blog, Reuters, CNN blog, Seeking Alpha, FleetStreetInvest.co.uk and two Huffington Post pieces. 
June 21, 2009 
Forbes.com: In an op-ed, Professor Tunku Varadarajan wrote, "Cricket is a potent secular force in Pakistan, a secular lesson. It teaches people that man-made rules can be just, and give satisfaction." Additional coverage appeared in the Indo-Asian News Service. 
New York Post: "Public officials' estimates of jobs created from [stimulus] programs are often exaggerated," said Professor Paul Wachtel. 
The Sunday Times: During an exclusive interview, Professor Nouriel Roubini said, "I think it's delusional to imagine you can cut spending alone to plug [the huge deficit in public finances], so higher taxes are inevitable." Additional coverage of Professor Roubini and his global economic predictions appeared in a second Sunday Times piece, CNBC.com, StockWatch, Guardian.co.uk, AOL Daily Finance and Huffington Post. 
June 20, 2009 
Elmira Star-Gazette: "The solution [for the banking sector] favored by [Professor] Lawrence White... would tighten federal regulatory standards for thrifts while keeping the Office of Thrift Supervision." Additional coverage of Professor White's outlook appeared on TopNews.us. 
June 19, 2009 
BusinessWeek: "With the help [from NYU Stern's Berkley Center for Entrepreneurial Studies, executive MBA program alumna and winner of Stern's 2009 Business Plan Competition Belinda DiGiambattista (MBA '05)] launched Butter Beans, a startup which provides organic, homemade, hot lunches to school-age children." 
Forbes.com: "[Leaders] need to empower others to take a front seat by facilitating relationships, authenticity, meaningful conversations and the self-expression of team members," said Professor Anat Lechner. 
Gazette.net: NYU Stern alumnus Eric Kimmel (BS '08), founder and CEO of Peer2Peer Tutors, a semi-finalist in Stern's 2005 Business Plan Competition, was featured. 
Korea Herald: In an op-ed, Professor Nouriel Roubini wrote, "The [economic] recovery is likely to be anemic and sub-par - well below potential for a couple of years, if not longer." Additional coverage of Professor Roubini's op-ed appeared in Taipei Times and Business-Standard.  Also, Professor Roubini's predictions appeared in BusinessWeek, Fox Business, two Reuters pieces, StraitsTimes.com, Asia Times, The Australian, Seeking Alpha and Money Week.  


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Press Releases

March 5, 2009
33 Professors at NYU Stern School of Business Propose Solutions on Restoring the Global Financial System
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March 3, 2009
NYU Stern School of Business Opens New Volatility Institute
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October 27, 2008
New Study from NYU Stern Demonstrates That Politics Shape Buyout Performance
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September 22, 2008
New Study from NYU Stern Demonstrates Measurable Return-On-Investment of Academic Research on B-School Performance
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September 3, 2008
Amsterdam Institute of Finance & NYU Stern School of Business Partner to Launch the Executive Master of Science in Risk Management
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September 3, 2008
NYU Stern School and Swiss Finance Institute Launch Banking & Financial Institutions Management MBA
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August 19, 2008
Stern Campus Greening Initiative Wins Net Impact Green Challenge
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May 8, 2008
NYU Entrepreneurs Awarded $150k in Stern's 9th Annual Business Plan Competition
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April 25, 2008
NYU Stern School of Business and Tribeca Film Festival Debut Dynamic New Undergraduate Business Course for Aspiring Producers
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January 29, 2008
NYU Stern Receives $6.5 Million to Enhance Support for Emerging Entrepreneurs and Enterprise Development Research
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Journalists
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Publications
publication Fall 2008

Spring 2009 Highlights: