Liquidity support for mid-sized US banks is a band-aid solution that masks underlying issues
In a five-day period in early March 2023, three mid-sized US banks collapsed: Silicon Valley Bank, Signature Bank, and Silvergate Bank. The United States Federal Reserve stepped in with an emergency lending program to support liquidity and mitigate the risk of contagion. While that will probably work in the short term, it doesn’t solve the problem, says Mo Chaudhury, an Associate Professor of Finance (Teaching) at Desautels.
Delve: Why Friendly AI Chatbots Don’t Always Deliver Five-Star Customer Service, with Elizabeth Han
Logically everyone knows that software doesn’t have feelings, but AI chatbots that express emotion—as well as other advanced artificial intelligence tools like
Recap of DGFRC-sponsored finance workshop
The 10th HEC-McGill Winter Finance Workshop took place from March 26-28, 2023, in Ischgl, Austria, in collaboration with the Faculty of Law, Economics and Finance (FDEF) at the University of Luxembourg.
More autonomous aircraft can improve safety – even with pilots on board
The future of aviation will be more autonomous. Even though many people are not yet comfortable with the idea of self-flying plane, it has the potential to revolutionize the industry, said Airbus Canada CEO Benoît Schultz in an interview with Prof. Karl Moore for Forbes.com. Airbus is currently working to enhance in-flight connectivity for passengers, and improve aircraft autonomy.
McGill Personal Finance Essentials course named to US News & World Report Top 12
US News & World Report named the McGill Personal Finance Essentials Course as one of its top 12 free online personal finance courses. It’s the only Canadian university course to make the list, and the magazine notes that while the course focuses on tax rules in the Canadian, the personal finance essentials it teaches are of universal value.
PIVOT platform is helping small businesses tackle climate change
Climate anxiety is real, and sometimes it can feel overwhelming, but the key to addressing it is to stop dwelling and start doing. Business owners can do more than most. The McGill Sustainability Systems Initiative wants to help them do exactly that, writes Prof. Karl Moore for Forbes.com. Called PIVOT for short, the program is led by Prof.
A Recap on BHM 2023 at Desautels
This Black History Month, McGill Desautels hosted a lineup of five in-person and virtual events that not only promoted equity in the workplace for Black people, but also highlighted uplifting aspects of Black culture through enterprise.
McGill-led MiXR platform will connect Canada’s food and beverage sector
Thousands of restaurants and retailers across Canada sell food and beverages, and the logistics of getting these products where they need to be are complex. A new platform is using data to make it all more efficient.
MMF student Allen Li receives Peter Christoffersen MMF Award
Allen Li, a student in the Master of Management in Finance (MMF) program at McGill University, has received this year’s Peter Christoffersen MMF Award in recognition of his academic excellence and contributions to Desautels Capital Management (DCM), a student-run, licensed, and regulated investment firm designed to give McGill students invaluable i
The future of commercial real estate belongs to those who can meet the evolving needs of the office
Lockdowns and remote work presented unique challenges for the commercial real estate sector. Vast amounts of office space were suddenly empty as people worked from home. But the sector is rebounding. There are projects underway in cities around the world are a testament to investors’ confidence in its outlook, says Sebastien Betermier, an Associate Professor of Finance at Desautels.
SAQ to reduce refrigeration to lower emissions, but other operations emit more
Quebecers who want to buy cold beer and wine may soon need to head to their local dépanneurs. The Societé des alcools du Québec (SAQ) plans to reduce the number of fridges in their stores from 2700 to 918, saying it’s part of their plan to reduce greenhouse gas emissions. According Desautels assistant professor of operations management Sanjith Gopalakrishnan, this a good first step but there are bigger pieces to consider.
Online is a new portal for the university’s online programs
McGill Online is a new portal that aggregates online degree programs from across McGill’s faculties, offering a McGill education to people who might not otherwise be able to get one. These degrees are offered fully online and present opportunities to people who are based in other cities, or who can’t study on a typical university schedule.
The digital platform model of the gig economy can also create social good
Digital platforms like Uber and Airbnb bring buyers and sellers together and create gig economy opportunities that did not exist before them. But they have problems too, and have been criticized for exclusionary practices, digital surveillance, and other questionable policies. However, this type of platform also has the potential to create social value.
CIBC donates $1.25 million to the Sustainable Growth Initiative (SGI)
CIBC has donated $1.25 million to the Sustainable Growth Initiative (SGI) at McGill University's Desautels Faculty of Management.
Generation Z expects a workplace where their voice is heard
Members of Generation Z are becoming an ever-larger presence in the workplace. It will be important to their growth, and to the company’s success, to ensure they have access to training and feedback, Prof. Karl Moore told Les Affaires. It’s also important for management to listen. This generation wants to be heard – and expects to.
