Finance: The Good, the Bad and the Ugly
Syllabus
Geof Woglom, Economic Framework:
Cecchetti and Schoenholtz, Money, Banking and Financial Markets, 3rd or 4th edition, Ch 3.
John Maynard Keynes, General Theory, pp. 150-159
Adam Davidson, New York Times Magazine, 1/11/2012, "What Does Wall Street Do for You?"
Nicholas Kristoff, New York Times, 1/19/2012, "Is Banking Bad?"
Mike Smith, Attack or Rescue: The Activist Investor Controversy:
Lucian Bebchuk, Wall Street Journal, 8/6/2013, "The Myth of Hedge Funds as 'Myopic Activists'"
Bill George, New York Times, 8/26/2013, "Activists Seek Short-Term Gain, Not Long-Term Value"
David Benoit and Liz Hoffman, Wall Street Journal, 3/25/2014, "BlackRock's Fink Sounds the Alert"
Larry Fink, Letter, 3/21/2014
David Benoit and Liz Hoffman, Wall Street Journal, 3/26/2014, "Icahn, Fink Share Common Ground On Investor Inaction"
Kate Fulton, Asset Management:
Barbara Novick, Systemic Risk and Asset Management: Improving the Financial Ecosystem for All Market Participants, 3/2014
Liz Kelly, Current Challenges in Commercial Banking:
Joe Adler, American Banker, 8/14/2014, "Banks Face Crunch Time for Regulatory Deadlines"
Joe Adler, American Banker, 8/28/2014, "Lending Appears Back for Good in FDIC's 2Q Data"
James McAndrews, Donald P. Morgan, Joao Santos, and Tanju Yorulmazer, "Why Are Large Bank Failures So Messy"
Dodd/Frank Panel Discussion:
The Economist, "The Dodd/Frank Act: Too Big Not to Fail," 2/18/2012
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If you are registered for Amherst Today and need a copy of these readings, please contact Beth Ollson at bollson@amherst.edu or 413-542-8239.