In this look back at Milton Friedman’s famous essay in The New York Times 50 years ago organized …
Sustainability
Risk Capital: Theory and Applications
After a brief review of the current theory and practice of risk capital by financial firms, the authors …
Columbia Business School Roundtable on Broken Models of Public Finance
Joe Biden’s chief economic adviser joins a proactive investor who was one of the largest private investors in …
The Euro @ 20: How Economic and Financial “Asymmetries” Marred...
The launch of the single currency in 1999 rekindled the European Union’s momentum toward deeper integration. And yet …
Rethinking Macro Measurement
Economists have long recognized that widely reported and followed economic indicators such as GDP, productivity, and real wage …
Columbia Business School Roundtable on The Fed’s Response to the...
A former Federal Reserve Governor (from 2006-2008) and a former Treasury official discuss the Fed’s and U.S. government’s …
The Benefits of Buying Distressed Assets
Studies of mergers and acquisitions have struggled to identify characteristics of M&A transactions that are consistently associated with …
Columbia Law School Roundtable on Public Aspects of Private Equity
The mandate of the broader private equity “ecosystem” goes well beyond earning competitive returns for the limited …
University of Texas Roundtable on LP Perspectives on the State...
In this wide-ranging discussion among four limited partner investors in private equity, the LPs commented on the rates …
Private Equity and the Covid-19 Economic Downturn: Opportunity for Expansion?
The coronavirus-related global economic downturn poses a significant risk to PE portfolio companies, but also represents a significant …