In order to heighten PhD student awareness of some of the exciting research opportunities in the area of finance and policy, GCFP co-sponsored an intensive capital markets workshop hosted by the MIT Sloan School of Management and the Foundation for the Advancement of Research in Financial Economics ...

Greece recently failed to pay $1.7 billion due to the IMF, thereby becoming the first developed country to default on an IMF loan. That missed payment represents only a portion of the approximately $23 billion in IMF credit outstanding to Greece, suggesting the ultimate losses to the Fund could be m...

Reverse mortgages are a financial innovation designed to help retirees free up the savings tied up in home equity without being forced to move. Access to those funds can make a big difference in the quality of life for house-rich, cash-poor, retirees. Yet the product has been slow to catch on. A new...

We are pleased to announce the launch of the Golub Center for Finance and Policy’s new Banking Reform Clearinghouse, or BRiC. With the recent passage of the Financial CHOICE Act of 2017 in the U.S. House of Representatives and the [...]

Gilt Market Dysfunction and Liability-Driven Investment (LDI) - A Progress Report

While Congress and the Administration wrestle with a massive $2 trillion response and many suggest expansive new loan programs, the simple way forward is to [...]

Former Golub Senior Fellow, Laura Kodres, discusses the similarities between what happened with British pension funds in autumn 2022 and SVB.

Deborah J. Lucas, Sloan Distinguished Professor of Finance and Director, MIT Golub Center for Finance and Policy Refet A. Gürkaynak, Professor of Economics and Department Chair, Bilkent University

The COVID-19 induced ‘Great Lockdown’ has cast doubt on the efficacy of bank buffers in supporting the real economy in times of crisis. Despite accommodative regulatory and supervisory action, banks remain hesitant to [...]

This guest blog post, by former Federal Reserve Governor Daniel Tarullo, was prepared while he was recently in residence at the Golub Center as a Distinguished Fellow.