Are you curious about the impact of Brexit on financial services and policymaking in the UK? Look no further than the London School of Economics (LSE) for an insightful analysis of the institutional reforms and regulatory challenges that have emerged since Brexit. Discover how the UK has navigated the repatriation of financial competencies, determined the status of existing EU regulation, and set out a future course for financial policy. Don't miss out on this must-read article for anyone interested in the critical role of financial services in the UK economy.

Decentralised finance, or DeFi, is a revolutionary new approach to financial systems that utilizes blockchain technology to create decentralized, peer-to-peer networks for financial transactions. In traditional finance, financial institutions like banks and governments are the gatekeepers of financial systems, controlling access to financial services, setting monetary policy, and managing transactions. But in a DeFi system, anyone with an internet connection can access financial services without intermediaries, making financial transactions faster, cheaper, and more secure. One of the key features of DeFi is its use of smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller directly written into lines of code. These smart contracts are stored on a blockchain, which is a digital ledger that records transactions and ensures their immutability and transparency. DeFi has already made significant strides in disrupting traditional finance. According to DeFi Pulse, a website that tracks DeFi projects, the total value locked in DeFi protocols has reached over $200 billion as of February 2023. This growth has been fueled by a wave of innovative DeFi projects that are tackling some of the biggest problems in finance, from cross-border payments to insurance to lending and borrowing. Leading academics in the DeFi space include Dr. Antonis Polemitis, CEO of decentralized lending platform StakerDAO, and Dr. Phil Daian, a researcher at Cornell University's Initiative for Cryptocurrencies and Contracts (IC3). Their research has shed light on the potential benefits and risks of DeFi, and how it can be used to create more inclusive and accessible financial systems. DeFi is a rapidly evolving field that is transforming the way we think about and use money. As a high school student, taking the initiative to explore this exciting topic can not only broaden your understanding of finance and technology but also help you develop critical thinking, research, and analytical skills that will serve you well in any field.

Are you a startup struggling to obtain external debt financing? Look no further! The London School of Economics (LSE) has published an article that proposes a solution to this challenge. By simply choosing a legal form with high minimum paid-in capital requirements, startups can signal to lenders that they are less likely to default on a loan. This article provides empirical evidence supporting this hypothesis and highlights the implications for entrepreneurs and policymakers. Don't miss out on this valuable insight - check out the LSE reference article now!

Join the fight against the impacts of the climate crisis! The historic decision of the establishment of the Loss and Damage Fund at the UN Climate Conference (COP 27) aims to provide financial assistance to nations most vulnerable to the effects of climate change. But this is just the beginning, dive in to learn more about loss and damage and what it means for our future!

Are you curious about the future of banking and digital currencies? A recent research article from the London School of Economics explores the impact of a Central Bank Digital Currency (CBDC) on the market structure of banking and its effects on deposits, loans, and output. The article presents a model that shows how a deposit-like CBDC can promote bank intermediation and expand deposits, loans, and output. But what happens when a CBDC is non-interest-bearing? Read on to find out how this can create competitive pressure and motivate banks to provide better terms and services to their customers.

Are you interested in the world of finance and entrepreneurship? Do you have a passion for investing and supporting innovative ideas? If so, then studying Venture Capital could be the perfect fit for you! Venture Capital is a field of study that focuses on providing funding and support to early-stage startups and entrepreneurs. It involves identifying promising business ideas and investing in their growth and development. This exciting field is all about taking risks, making smart investments, and helping startups succeed. One of the most appealing aspects of Venture Capital is the potential to make a significant impact on the world. By investing in innovative ideas and supporting entrepreneurs, you have the opportunity to help shape the future of business and technology. Some notable examples of successful Venture Capital investments include Uber, Airbnb, and Dropbox. At the undergraduate level, typical majors and modules might include courses in finance, accounting, and entrepreneurship. You'll learn about the financial and legal aspects of investing, as well as how to identify promising business ideas and evaluate their potential for success. If you choose to specialize in Venture Capital, you may explore areas such as angel investing, private equity, and impact investing. These specializations can lead to exciting career opportunities in fields like social entrepreneurship, sustainable investing, and more. Some potential future jobs and roles in Venture Capital include venture capitalist, investment analyst, and portfolio manager. You could work for a variety of employers, including venture capital firms, private equity firms, and investment banks. Notable employers in this field include Sequoia Capital, Andreessen Horowitz, and Kleiner Perkins. To succeed in Venture Capital, it's important to have strong analytical and critical thinking skills. You should also be comfortable taking risks and making tough decisions. A background in finance or entrepreneurship can be helpful, but it's not always necessary. Above all, a passion for supporting innovative ideas and helping entrepreneurs succeed is key. So if you're ready to dive into the exciting world of Venture Capital, start exploring your options today! With the right education and skills, you could be on your way to a rewarding and impactful career in this exciting field.

Are you interested in investing in bitcoin and want to know what factors drive its returns? Look no further than a groundbreaking paper from Illinois Institute of Technology researchers that provides empirical evidence on the predictive power of blockchain technology, investor sentiment, and economic stress levels for bitcoin returns. Published in The Journal of Alternative Investments, this paper offers insights to help guide investors, economists, and academics. Find out more about the dual nature of bitcoin as a technical artifact and speculative asset, and the risks associated with holding it as an asset.

Emerging economies need significant financing to reduce emissions and adapt to climate change. Mobilizing private capital on a large scale is key, but faces multiple constraints. Innovative financing instruments can attract investors, and multilateral development banks can provide support through creating blended financing structures. Climate policies and finance are complementary, and establishing a strong climate information architecture will help. The IMF can play an important role through its surveillance, capacity development, risk assessments, and climate diagnostic tools.

The next big financial fraud could be larger and more devastating than the recent FTX scandal, according to Wharton professors Daniel Taylor and Michael Roberts. He warns that unless regulators embrace analytics as aggressively as fraudsters, the financial markets will become increasingly complex due to the introduction of new biases and fraudulent activities will persist for longer at a larger scale.

Have you ever wondered how the world's most successful investors manage to navigate the complex world of finance? Look no further than the exciting and dynamic field of portfolio management! As a portfolio manager, you'll be responsible for overseeing the investment portfolios of individuals and institutions alike. You'll work closely with clients to understand their financial goals and risk tolerance, and then use your expertise to craft a customized investment strategy that aligns with their needs. But that's just the beginning. As a portfolio manager, you'll be constantly monitoring the markets and analyzing trends to ensure that your clients' portfolios are performing optimally. You'll be making decisions about what securities to buy and sell, and when to do so. And you'll be working with a team of analysts and other financial professionals to stay ahead of the curve and identify new opportunities for growth. One of the most appealing aspects of a career in portfolio management is the potential for specialisation. Whether you're interested in equities, fixed income, real estate, or any number of other asset classes, there's a niche for you in this exciting field. So what kind of education and training do you need to become a portfolio manager? While there's no one-size-fits-all answer, many successful portfolio managers have undergraduate degrees in finance, economics, or accounting. Some even go on to pursue advanced degrees or certifications, such as a Chartered Financial Analyst (CFA) designation. But beyond formal education, there are certain personal attributes that can set you up for success in this field. Strong analytical skills, a keen attention to detail, and the ability to think creatively and adapt to changing market conditions are all essential qualities for a successful portfolio manager. And what about job prospects and the longer-term outlook? The good news is that the demand for skilled portfolio managers is only expected to grow in the coming years, as more and more individuals and institutions seek out expert guidance for their investments. Some notable employers in this field include large financial institutions like BlackRock and Vanguard, as well as boutique investment firms and even government agencies. So if you're looking for a challenging and rewarding career that combines your passion for finance with your analytical skills and creativity, look no further than portfolio management!

Big-tech credit is projected to surpass $1 trillion globally by 2023, but what impact will it have on traditional lenders? Our research shows that non-bank traditional lenders face direct competition from big techs in small loans, leading to a decline in their lending business. However, they respond by holding higher lending standards, implying a more conservative attitude towards who qualifies as a borrower. Discover the implications of big-tech credit on the financial system and its potential impact on financial inclusion.

Cryptocurrency ventures are filing for bankruptcy, raising concerns about regulatory protection for retail consumers. Thomas Kalafatis and Richard Nesbitt argue that while cryptographically enhanced commerce is here to stay, regulators must become more aggressive with both coins and programming code to keep externalities under control. The lack of protection for disadvantaged consumers imposes a disproportionate cost of failure. Despite clear regulations, fraud still occurs, and more uniform and less arbitrageable regulation is needed to meet the public's demand for the benefit of cryptographically enhanced commerce.

Explore the design-led innovation process that led to the creation of Pay It Plan It, a feature that offers American Express Card Members more flexibility, control, and transparency in managing their credit card payments. The feature allows Card Members to pay for small purchases quickly while still earning rewards and to split larger purchases into equal monthly payments with a fixed fee and no interest. The article highlights the challenges the team faced in introducing this feature in a highly regulated industry and how they successfully found ways to introduce new behaviors and cross-discipline collaboration.

Are you interested in helping people secure their financial futures? Do you have a knack for numbers and a passion for problem-solving? If so, a career in financial planning might be the perfect fit for you! As a financial planner, you will work with individuals and families to create comprehensive financial plans that help them achieve their goals and dreams. Whether it's saving for retirement, buying a house, or paying for college, financial planners play a crucial role in helping people make informed decisions about their money. One of the most appealing aspects of a career in financial planning is the opportunity to make a real difference in people's lives. By providing expert advice and guidance, you can help your clients navigate complex financial issues and achieve their dreams. Typical duties of a financial planner include assessing clients' financial situations, developing personalized financial plans, providing investment advice, and monitoring progress towards financial goals. Many financial planners specialize in areas such as retirement planning, estate planning, or tax planning, while others work in related fields such as banking, insurance, or accounting. To become a financial planner, you typically need a bachelor's degree in a related field such as finance, accounting, or economics. Popular undergraduate programs for aspiring financial planners include the Bachelor of Science in Finance, Bachelor of Business Administration, and Bachelor of Science in Economics. Many financial planners also pursue advanced degrees such as a Master of Business Administration or a Certified Financial Planner (CFP) certification. In addition to strong analytical skills and a deep understanding of financial markets, successful financial planners possess a range of helpful personal attributes such as excellent communication skills, attention to detail, and a passion for helping others. The job outlook for financial planners is strong, with the Bureau of Labor Statistics projecting a 4% growth rate over the next decade. Financial planners can work for a variety of employers, including banks, investment firms, insurance companies, and government agencies. Some of the most notable and attractive potential employers in the field include firms such as Goldman Sachs, JPMorgan Chase, and Morgan Stanley, as well as government agencies such as the Securities and Exchange Commission and the Federal Reserve. In conclusion, a career in financial planning offers a unique and rewarding opportunity to make a real difference in people's lives while also building a successful and fulfilling career. If you're interested in helping people achieve their financial goals and dreams, consider exploring this exciting and dynamic field today!

Are you interested in the world of finance and investment? Do you want to learn about managing money and making smart investment decisions? If so, then the study of Investment Management might just be the perfect fit for you! Investment Management is a field of study that focuses on the management of financial assets, such as stocks, bonds, and real estate. It involves analyzing market trends, assessing risk, and making informed decisions about how to invest money in order to maximize returns. One of the most appealing aspects of Investment Management is the potential to make a real impact on people's lives. By investing in companies that are making a positive difference in the world, you can help to drive social and environmental change while also earning a return on your investment. In addition to the practical applications of Investment Management, there is also a rich academic history to explore. From the groundbreaking work of Nobel Prize-winning economist Harry Markowitz to the innovative research being done by today's leading scholars, this field is constantly evolving and pushing the boundaries of what is possible. At the undergraduate level, typical majors and modules include courses in finance, accounting, economics, and statistics. As you progress in your studies, you may choose to specialize in areas such as portfolio management, risk management, or alternative investments. There are also a wide range of potential future jobs and roles that this field of study might be directly helpful for. These include positions in investment banking, asset management, private equity, and venture capital, among others. Some notable and attractive potential employers include BlackRock, Fidelity Investments, Goldman Sachs, and J.P. Morgan. To succeed in Investment Management, it is important to have strong analytical skills, a keen eye for detail, and a passion for finance and economics. You should also be comfortable working with numbers and data, and have a natural curiosity and drive to learn more about the world of finance. Overall, the study of Investment Management is a fascinating and rewarding field that offers a wealth of opportunities for personal and professional growth. So if you're interested in exploring the world of finance and investment, then this might just be the perfect field for you!

Don't throw good money after bad! A recent study by Wharton finance professor Marius Guenzel, titled "In Too Deep: The Effect of Sunk Costs on Corporate Investment," reveals that sunk costs can lead to significant distortions in investment decisions made by firms. Find out why CEOs ignore the principle of sunk costs and how it can impact a company's performance. The article also discusses strategies that firms can use to overcome the sunk cost fallacy and make more effective investment decisions.

The Enron scandal of the early 2000s serves as a cautionary tale for businesses and individuals alike, highlighting the need for effective corporate governance and ethical behavior. The energy company, once hailed as one of the most innovative and successful in the world, collapsed amidst a scandal involving financial manipulation and corruption. The scandal had far-reaching consequences, resulting in massive financial losses for investors and employees, and contributing to the erosion of public trust in corporations and financial institutions. The Enron case serves as a warning for businesses and individuals to prioritize ethics and accountability in all their actions. To better understand the Enron scandal and its implications, it is essential to explore several academic themes, including corporate governance, ethics, and financial accounting. Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. Effective corporate governance ensures that a company operates in a responsible and ethical manner, while also maximizing shareholder value. Ethics, on the other hand, refers to the moral principles and values that guide individuals and organizations in their decision-making processes. In the case of Enron, the company's executives prioritized their financial interests over the well-being of their investors and employees, leading to the scandal. Finally, financial accounting is a critical aspect of corporate governance, as it provides transparency and accountability for a company's financial performance. In the Enron scandal, the company used complex and misleading accounting practices to deceive investors and hide their true financial situation. Leading academics in the field, such as David Beatty, R. Edward Freeman, and Lynn Sharp Paine, have made significant contributions to the study of corporate governance and ethics. Beatty has emphasized the importance of effective board oversight and ethical behavior in corporate governance, while Freeman has advocated for stakeholder theory, which emphasizes the importance of considering all stakeholders in business decision-making. Paine, in her seminal work on business ethics, has emphasized the need for companies to have strong ethical cultures, where employees are encouraged to speak up about unethical behavior and the company values integrity and accountability. In conclusion, the Enron scandal serves as a stark reminder of the importance of ethical behavior and effective corporate governance in business. By exploring the themes and concepts related to the scandal, students can gain a deeper understanding of the role of ethics and governance in business, and develop the critical thinking skills needed to navigate complex and often challenging business environments.

Finance is an exciting field of study that revolves around the management of money and investments. It plays a crucial role in both the business world and our daily lives, making it a fascinating and rewarding area to explore. Whether you're interested in becoming a financial analyst, a stockbroker, or a financial planner, the study of finance can help you achieve your career goals. One of the most appealing aspects of finance is the potential for high salaries and job security. It is an industry that is always in demand, making it an excellent choice for anyone looking for a stable and lucrative career. Some of the most successful people in the world, including Warren Buffett and Michael Bloomberg, have made their fortunes in the world of finance. In terms of academic discourse, the study of finance has seen exciting innovations in recent years. The rise of Fintech, for example, has completely transformed the way we think about and manage money. Additionally, many academic figures in the field have made significant contributions to our understanding of finance, ranging from Nobel laureate Eugene Fama to personal finance guru Suze Orman. At the undergraduate level, students typically study a range of topics including financial accounting, financial management, and investment analysis. There are also opportunities for specialisation in areas such as financial planning, corporate finance, and investment banking. Real-life examples of exciting careers in finance include roles like investment banker, financial analyst, and financial consultant. There are many exciting potential career paths for those studying finance. In addition to the traditional roles mentioned above, graduates may find opportunities in fields such as real estate, insurance, and government. Many leading financial institutions, such as Goldman Sachs, JPMorgan Chase, and Morgan Stanley, offer excellent opportunities for graduates looking to break into the industry. To succeed in the field of finance, students should have excellent analytical and problem-solving skills, as well as a strong interest in economics and mathematics. Other useful skills include attention to detail, communication skills, and the ability to work well under pressure.

Social media has changed the dynamics of bank runs, as seen in the case of Silicon Valley Bank where depositors fled at an extraordinary rate of $40bn in one day due to social media chatter. This raises concerns about the fragility of the banking system built on faith and trust. The speed at which runs can take place and social media can be translated into loss is a new challenge that regulators need to address. The source passage explores the impact of social media on bank runs and the need for regulatory responses.

Are you looking for a career that combines finance, strategy, and problem-solving? Consider becoming an Investment Banker! Investment Banking is a dynamic and exciting field that involves helping companies and governments raise capital, acquire other businesses, and manage risk. As an Investment Banker, you will work with clients to identify and execute on strategic financial transactions. This could include advising on mergers and acquisitions, underwriting securities offerings, or providing financial advice on complex business decisions. You will need to be analytical, creative, and able to work well under pressure. One of the most appealing aspects of Investment Banking is the potential for high earnings. Many Investment Bankers are well-compensated for their work, with the top earners often making millions of dollars per year. However, this is a highly competitive field, and success requires hard work, dedication, and a willingness to take on challenging assignments. Typical duties for an Investment Banker include financial analysis, due diligence, and deal negotiation. You will need to be able to work with complex financial models and communicate effectively with clients and other stakeholders. Specializations within the field include corporate finance, capital markets, and mergers and acquisitions. To become an Investment Banker, you will typically need a bachelor's degree in a related field such as finance, economics, or accounting. Popular undergraduate programs for aspiring Investment Bankers include the Bachelor of Science in Finance, Bachelor of Business Administration in Finance, and Bachelor of Arts in Economics. Many Investment Bankers also pursue advanced degrees such as an MBA or a Master of Finance. Helpful personal attributes for Investment Bankers include strong analytical skills, excellent communication skills, and the ability to work well in a team. You will need to be able to think critically and creatively, and to be comfortable working in a fast-paced, high-pressure environment. Job prospects for Investment Bankers are generally good, with many opportunities available in major financial centers around the world. Some of the most notable and attractive potential employers in the field include Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Citigroup. However, competition for these positions can be fierce, so it is important to be well-prepared and to have a strong network of contacts in the industry. In summary, Investment Banking is a challenging and rewarding career that offers the potential for high earnings, exciting work, and meaningful impact on the world of finance. If you are interested in pursuing a career in this field, start exploring your options today!