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	<description>Economics, Financial Markets and Public Policy - research and analysis</description>
	<pubDate>Fri, 03 Sep 2010 14:46:30 +0000</pubDate>
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		<title>Stop and Start Consumption: the Cash for Clunkers Fiscal Stimulus</title>
		<link>http://www.igmchicago.org/2010/09/03/stop-and-start-consumption-the-cash-for-clunkers-fiscal-stimulus/</link>
		<comments>http://www.igmchicago.org/2010/09/03/stop-and-start-consumption-the-cash-for-clunkers-fiscal-stimulus/#comments</comments>
		<pubDate>Fri, 03 Sep 2010 14:40:17 +0000</pubDate>
		<dc:creator>igmforum editor</dc:creator>
		
		<category><![CDATA[Credit Crisis]]></category>

		<guid isPermaLink="false">http://www.igmchicago.org/?p=793</guid>
		<description><![CDATA[By Atif Mian and Amir Sufi
Proponents of fiscal stimulus argue that targeted subsidies can spur consumers to shift purchases from well into the future to today, and thereby help jumpstart the economy. Opponents contend that while subsidies may induce purchases today, the effect is almost completely reversed when consumers subsequently purchase fewer goods tomorrow. We [...]]]></description>
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		<title>Bankers Have Been Sold Short By Market Distortions</title>
		<link>http://www.igmchicago.org/2010/06/03/bankers-have-been-sold-short-by-market-distortions/</link>
		<comments>http://www.igmchicago.org/2010/06/03/bankers-have-been-sold-short-by-market-distortions/#comments</comments>
		<pubDate>Thu, 03 Jun 2010 19:03:49 +0000</pubDate>
		<dc:creator>igmforum editor</dc:creator>
		
		<category><![CDATA[Credit Crisis]]></category>

		<guid isPermaLink="false">http://www.igmchicago.org/?p=790</guid>
		<description><![CDATA[By Raghuram Rajan
FT.com; June 2, 2010
Bankers must be heaving a sigh of relief as the shenanigans of the offshore drilling industry have pushed them to the edge of the radar screen of those targeting corporate greed. But it is unlikely their respite will be for long. Inquiries under way are bound to unearth more instances of ethically, [...]]]></description>
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		<title>Eugene Fama on Squawk Box</title>
		<link>http://www.igmchicago.org/2010/05/28/eugene-fama-on-squawk-box/</link>
		<comments>http://www.igmchicago.org/2010/05/28/eugene-fama-on-squawk-box/#comments</comments>
		<pubDate>Fri, 28 May 2010 15:11:16 +0000</pubDate>
		<dc:creator>igmforum editor</dc:creator>
		
		<category><![CDATA[Credit Crisis]]></category>

		<guid isPermaLink="false">http://www.igmchicago.org/?p=786</guid>
		<description><![CDATA[Eugene Fama
Squawk Box; May 28th, 2010
Univeristy of Chicago finance professor Eugene Fama, widely known as the &#8220;father of modern finance,&#8221; discusses whether the government is the biggest risk to economic recovery
Watch interview&#62;
]]></description>
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		<title>Resolving Systemically Important, International Financial Institutions</title>
		<link>http://www.igmchicago.org/2010/05/03/resolving-systemically-important-international-financial-institutions/</link>
		<comments>http://www.igmchicago.org/2010/05/03/resolving-systemically-important-international-financial-institutions/#comments</comments>
		<pubDate>Mon, 03 May 2010 15:39:09 +0000</pubDate>
		<dc:creator>igmforum editor</dc:creator>
		
		<category><![CDATA[Credit Crisis]]></category>

		<guid isPermaLink="false">http://www.igmchicago.org/?p=767</guid>
		<description><![CDATA[by Christian Leuz and other members of the Shadow Financial Regulatory Committee
The recent G20 meetings demonstrated the substantial divide between policymakers over the right approach toward the “too-big-to-fail” problem for large, global financial institutions. Some policymakers accept that some financial firms will inevitably be too-big-to-fail and wish to focus policy efforts on facilitating orderly bailouts [...]]]></description>
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		<title>Household Debt and Macroeconomic Fluctuations</title>
		<link>http://www.igmchicago.org/2010/04/29/household-debt-and-macroeconomic-fluctuations/</link>
		<comments>http://www.igmchicago.org/2010/04/29/household-debt-and-macroeconomic-fluctuations/#comments</comments>
		<pubDate>Thu, 29 Apr 2010 17:17:52 +0000</pubDate>
		<dc:creator>igmforum editor</dc:creator>
		
		<category><![CDATA[Credit Crisis]]></category>

		<guid isPermaLink="false">http://www.igmchicago.org/?p=759</guid>
		<description><![CDATA[By Atif Mian and Amir Sufi
VoxEU
US Congressional committees are now grilling bankers on the complex instruments that provided subprime mortgages with a veil of security. This column presents new evidence that subprime mortgages had more serious consequences – they were a key factor in the US housing-price boom. When house prices faltered, subprime mortgage holders [...]]]></description>
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		<title>A New Approach to Global Reporting Convergence</title>
		<link>http://www.igmchicago.org/2010/04/14/a-new-approach-to-global-reporting-convergence/</link>
		<comments>http://www.igmchicago.org/2010/04/14/a-new-approach-to-global-reporting-convergence/#comments</comments>
		<pubDate>Wed, 14 Apr 2010 15:11:12 +0000</pubDate>
		<dc:creator>igmforum editor</dc:creator>
		
		<category><![CDATA[Global Convergence]]></category>

		<guid isPermaLink="false">http://www.igmchicago.org/?p=744</guid>
		<description><![CDATA[By Christian Leuz
International Financial Reporting Standards (IFRS) are set to become the global accounting language. Empirical evidence suggests, however, that IFRS adoption alone will not lead to global convergence of reporting practices, and will not make comparing companies’ financial statements as easy as many have hoped. True convergence in reporting practices would require a much [...]]]></description>
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		<title>Making Debt Holders into Watchdogs</title>
		<link>http://www.igmchicago.org/2010/04/06/making-debt-holders-into-watchdogs/</link>
		<comments>http://www.igmchicago.org/2010/04/06/making-debt-holders-into-watchdogs/#comments</comments>
		<pubDate>Tue, 06 Apr 2010 17:49:09 +0000</pubDate>
		<dc:creator>igmforum editor</dc:creator>
		
		<category><![CDATA[Credit Crisis]]></category>

		<guid isPermaLink="false">http://www.igmchicago.org/?p=742</guid>
		<description><![CDATA[By Raghuram Rajan
Businessweek; April 1, 2010
The Dodd financial reform bill, which awaits the Senate after its two-week break, is loaded with good intentions. But does it do enough to keep banks from going out on a limb for profits?
Read article&#62;
]]></description>
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		<title>Curbing Risk on Wall Street</title>
		<link>http://www.igmchicago.org/2010/03/19/curbing-risk-on-wall-street/</link>
		<comments>http://www.igmchicago.org/2010/03/19/curbing-risk-on-wall-street/#comments</comments>
		<pubDate>Fri, 19 Mar 2010 14:59:53 +0000</pubDate>
		<dc:creator>igmforum editor</dc:creator>
		
		<category><![CDATA[Credit Crisis]]></category>

		<guid isPermaLink="false">http://www.igmchicago.org/?p=740</guid>
		<description><![CDATA[By Luigi Zingales and Oliver Hart
National Affairs, Spring 2010
The financial crisis of 2008 had many causes. They ranged from a housing bubble to excessive speculation, and from inadequate accounting rules to reckless corporate governance. But at the heart of the meltdown were the financial industry’s distorted incentives — created in large part by decades of [...]]]></description>
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		<title>Anil Kashyap Testifies Before House Financial Services Committee</title>
		<link>http://www.igmchicago.org/2010/03/17/anil-kashyap-testifies-before-house-financial-services-committee/</link>
		<comments>http://www.igmchicago.org/2010/03/17/anil-kashyap-testifies-before-house-financial-services-committee/#comments</comments>
		<pubDate>Wed, 17 Mar 2010 21:29:19 +0000</pubDate>
		<dc:creator>igmforum editor</dc:creator>
		
		<category><![CDATA[Credit Crisis]]></category>

		<guid isPermaLink="false">http://www.igmchicago.org/?p=735</guid>
		<description><![CDATA[Testimony of Anil K Kashyap in “Examining the Link Between Fed Bank Supervision and Monetary Policy&#8221; before the House Financial Services Committee, United States House of Representatives - March 17, 2010
Read testimony&#62;
]]></description>
		<wfw:commentRss>http://www.igmchicago.org/2010/03/17/anil-kashyap-testifies-before-house-financial-services-committee/feed/</wfw:commentRss>
		</item>
		<item>
		<title>5 Facts about Climate Policy: Cause for a Shift in Policy?</title>
		<link>http://www.igmchicago.org/2010/03/12/5-facts-about-climate-policy-cause-for-a-shift-in-policy/</link>
		<comments>http://www.igmchicago.org/2010/03/12/5-facts-about-climate-policy-cause-for-a-shift-in-policy/#comments</comments>
		<pubDate>Fri, 12 Mar 2010 18:06:29 +0000</pubDate>
		<dc:creator>igmforum editor</dc:creator>
		
		<category><![CDATA[economics]]></category>

		<guid isPermaLink="false">http://www.igmchicago.org/?p=731</guid>
		<description><![CDATA[By Michael Greenstone
Myron Scholes Forum, March 4th, 2010
Professor Michael Greenstone of MIT discusses the various and numerous challenges that face the global economy in light of the Copenhagen Climate Conference of 2009.
Watch video&#62;


]]></description>
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