Congratulations to Patrick Augustin, Associate Professor of Finance, who received the Bank of Canada Governor’s Award.
The 9th edition of HEC-McGill Winter Finance Workshop as a special edition in collaboration with Goethe University successfully concluded on March 29, 2022. The conference, sponsored by the Desmarais Global Finance Research Centre, took place March 27-29 in Ischgl, Austria, and featured presentations of academic papers in all areas of finance, including interdisciplinary work in law and finance.
The Russian economy has cratered – but most Canadian investors are unlikely to have much exposure to it
Russia produces about 10 per cent of the world’s oil, but the rest of its economy is more of a lightweight. Before it attacked Ukraine, and had its financial system crippled by severe sanctions, Russia accounted for about three per cent of global GDP. Because Russian stock markets were closed after the invasion, investors have been unable to sell their holdings.
Authors: A. Akbari, Francesca Carrieri and A. Malkhozov
Publication: The Review of Financial Studies, Volume 35, Issue 1, January 2022, Pages 394–437
While the use of economic sanctions for political means is no new strategy, the magnitude of the sanctions imposed on Russia in the wake of Putin’s invasion of neighbouring Ukraine is unprecedented, says Professor Sebastien Betermier in an interview with CTV Montreal.
The transition to a clean energy economy is only beginning, but its reverberations are already being felt in global markets.
On a recent segment of CTV News Montreal, Professor Sebastien Betermier shared three key takeaways from the 5th annual McGill International Portfolio Competition, an event designed to help guide corporate and political leaders toward a greener economy. First, managers should create clear milestones, he says. Second, they must integrate change across industries.
Wealthsimple, a Toronto-based financial services company, recently announced plans to push for digital currencies to be used in day-to-day transactions beyond trading. Professor Katrin Tinn says the recent downturn in cryptocurrency use emphasizes the need for stakeholders to innovate cryptocurrency for real-world applications.
Investors pay a premium for liquidity, but exactly how much do they pay and how does that vary? Desautels Professor Vihang Errunza investigates that question with a new international asset pricing model.
Congratulations to Patrick Augustin, Associate Professor of Finance, for his appointment as Associate Editor of the Journal of Banking and Finance.
With digital currencies like Bitcoin gaining traction in the e-commerce space, banks are considering the challenge of integrating digital and paper currencies while protecting user privacy. Although the Bank of Canada has no immediate plans to implement a government-backed digital currency, Professor Katrin Tinn wouldn't rule out a shift to cryptocurrency in the future.
Meeting environmental, social, and governance (ESG) standards continues to weigh heavily on the agenda for Canadian companies across industries. As Desautels strives to prepare students to meet evolving demands, Professor Sebastien Betermier highlights the importance of integrating ESG considerations into coursework--but not at the expense of fundamental concepts.
In light of ongoing Dutch pension reforms, Professor Sebastien Betermier underscores the need for successful pension funds to balance individual and collective responsibility for risk-taking. From his perspective, a hybrid plan is crucial to meet stakeholder needs across generational lines.
Get to know Assistant Professor Katrin Tinn, who teaches in the Finance area, in a new Q&A. She discusses her research on digital currencies and stock trading, her teaching style - including how she integrates her research - and her interest in art.Learn more
Congratulations to Sebastien Betermier, Associate Professor of Finance, whose paper “What Do the Portfolios of Individual Investors Reveal About the Cross-Section of Equity Returns?” is the winner of the 2021 Morgan Stanley Best Paper Award in Investments.