Kevin James

Given that China is a strategic and economic rival to the US, the Trump administration’s framework for US-China trade makes far more sense than one...

We derive the optimal underwriting method and the quantitative IPO pricing rule that this method implies in a market with informational frictions...

Since increasing a bank's capital requirement to improve the stability of the financial system imposes costs upon the bank, a regulator should ideally...

Risk forecasting is central to financial regulations, risk management, and macroprudential policy. This column raises concerns about the reliance on...

This paper evaluates the model risk of models used for forecasting systemic and market risk. Model risk, which is the potential for different models...