The Secret Safety Net for Money Market Funds
What’s the difference between prime institutional money market funds sponsored by bank holding companies (BHCs) and those funds that aren’t? Money market funds backed by these holding companies have an inherent safety net, according to research from Maryland Smith.
Fed’s Mester at Maryland Smith: 5 Takeaways
Cleveland Fed President Discusses Monetary Policy, Tomorrow’s Jobs and the Importance of Data Data comes from all sorts of places and takes various forms, Cleveland Fed President Loretta J. Mester told a gathering of Maryland Smith students and faculty on Monday.
Maryland Smith MBAs Engage with FDIC Leaders
MBA students at the University of Maryland’s Robert H. Smith School of Business had the opportunity to meet with and hear perspective from FDIC Chairman Jelena McWilliams in a Nov. 1, 2019 event at Maryland Smith arranged by Professor of Finance Haluk Ünal.
FDIC Chairman Gives Context to 2008 Financial Crisis
Factors and implications surrounding the financial crisis of 2008 was the focus of a recent presentation by Martin J. Gruenberg, chairman of the Federal Deposit Insurance Corporation, hosted by the Center for Financial Policy at the University of Maryland’s Robert H. Smith School of Business. Smith Professor of Finance Haluk Ünal introduced Gruenberg to students, faculty and staff gathered in the Frank Auditorium for the Nov. 3, 2017 event, titled “The Financial Crisis and its Aftermath.”
Smith Hosts 14th Annual Wikler Finance Case Competition
The prestigious Joseph Wikler Memorial Finance Case Competition continued for the fourteenth year on April 28, 2017, with a solid participation of finance students and what Finance Fellows Faculty Champion and Professor Sue White called the most challenging case yet.
The Negative-Interest Rate Experiment: Mixed Results
SMITH BRAIN TRUST — Central bankers in Japan and the Europe Union are at their wits' end in trying to figure how to generate demand and stave off deflation. Both banks have dropped interest rates into negative territory, encouraging spending by making saving literally costly. Yet the publics of the two economic regions have reacted differently. Each is unhappy for a different reason.
Low Interest Rates and 'Secular Stagnation'
SMITH BRAIN TRUST — In Switzerland, some customers are watching their bank accounts shrink each month, even if they don't make any withdrawals. In Denmark, when you repay your loan, you don't add interest to the payment, you subtract interest. The banks are literally paying people to borrow money.
Will the Fed Act?
SMITH BRAIN TRUST — Last week, Fed chairwoman Janet Yellen said that raising interest rates before the end of the year was "a live possibility," given what she described as the relatively strong performance by the economy.
Global Market Volatility: What's Going On?
SMITH BRAIN TRUST -- The Center for Financial Policy at the University of Maryland's Robert H. Smith School of Business hosted a forum on Global Market Volatility on Sept. 8, 2015, aimed at making sense of the recent tumult in international markets — notably in China, but also spilling over into other regions, including the United States.