The Russian economy has cratered 鈥� but most Canadian investors are unlikely to have much exposure to it
Russia produces about 10 per cent of the world鈥檚 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.
Can Cross-Border Funding Frictions Explain Financial Integration Reversals?
Authors: A. Akbari, Francesca Carrieri and A. Malkhozov
Publication: The Review of Financial Studies, Volume 35, Issue 1, January 2022, Pages 394鈥�437
Abstract:
The potential long-term impact of unprecedented economic sanctions on Russia
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鈥檚 invasion of neighbouring Ukraine is unprecedented, says Professor Sebastien Betermier in an interview with CTV Montreal.
The truth behind divestment at public and private firms
The transition to a clean energy economy is only beginning, but its reverberations are already being felt in global markets.
Three tips for going green
On a recent segment of CTV News Montreal, Professor Sebastien Betermier shared three key takeaways from the 5th annual 海角社区 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.
Keeping cryptocurrency alive
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.
How is Liquidity Priced in Global Markets?
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.
Professor Augustin appointed Associate Editor of the聽Journal of Banking and Finance
Congratulations to Patrick Augustin,聽Associate Professor of Finance, for his appointment as聽Associate Editor of the聽Journal of Banking and Finance.
Plans for Canadian digital currency remain on hold
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.
Putting ESG front and center
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.
Bridging generational gaps through pension reform
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.
Q&A with Professor Katrin Tinn
Get to know Assistant Professor聽Katrin Tinn,聽who teaches in the聽Finance area, in a new Q&A. She discusses her research on digital currencies and stock trading, her teaching style -聽including how she integrates her research - and her interest in art.
Learn moreProf Sebastien Betermier's paper wins the聽2021 Morgan Stanley Best Paper Award in Investments
Congratulations to Sebastien Betermier,聽Associate Professor of Finance, whose paper 鈥淲hat Do the Portfolios of Individual Investors Reveal About the Cross-Section of Equity Returns?鈥� is the winner of the聽2021 Morgan Stanley Best Paper Award in Investments.
Q&A with Professor David Schumacher
Get to know Associate Professor David Schumacher, who teaches in the 海角社区 Desautels Master of Management in Finance, in a new Q&A. He discusses his research on institutional investment, his teaching style, his love of road biking and more!
Learn more
Delve: Why Ultra-Low Yields Don鈥檛 Mean the End of Sustainable Pension Funds
Retirement systems around the world, from public pension plans to private funds, are weathering a storm of ultra-low bond yields that threaten not only adequate returns for pensioners but the sustainability of the systems themselves. Designing retirement systems that are resilient to low yields requires balancing risk with resilience and innovative approaches.
