Flash Crashes and Market Design

  In my book, The Crisis of Crowding, I spoke about the crowding of market makers in the Flash Crash and the sudden disappearance of market liquidity.  This led to people buying Apple stock (Ticker:  AAPL) for $100,000 per share and selling Accenture (Ticker:  ACN) for 1 cent.  Many other trades occurred at ridiculous prices.  Since the writing of the book, there have been several other...
read more

The 2013 Nobel Prizes Explained. Guests: Aparna Venkatesan, Stephen Zunes, Teresa Head-Gordon, Dean Rader, Jason Fernandes, Jesse Anttila-Hughes. Host: Ludwig Chincarini

October 21, 2013. University of San Francisco, UC Berkeley, and UCSF professors explain the scientific contributions of the 2013 Nobel prize recipients. Aparna Venkatesan, Stephen Zunes, Teresa Head-Gordon, Dean Rader, Jason Fernandes, Jesse Anttila-Hughes.  Host:  Ludwig Chincarini  
read more

Capital Market Theory 740. Fall 2013

Instructor: Professor Ludwig Chincarini, CFA, Ph.D. Phone: (see syllabus) Email: lbchincarini@usfca.edu [preferred email – subject line: Capital Market Theory] Website: www.ludwigbc.com Office Hours: [TBA] (Wednesday 5:15 – 6:15 PM or by request). Class Hours & Location: Wednesdays, 1:00 P.M., Howard, Room 527   Course Description: The course focuses on four main topics. First, an...
read more

Readers & Thinkers: The 2013 Nobel Prize in Economics. Testing Market Efficiency

  Dear All: Well, who won? The Nobel prize for economic sciences for 2013 was announced today, October 14, 2013. It went to three people Eugene Fama, Robert Shiller, and Lars Hansen. Fama is 74 years old, born in Boston, Massachusetts and a Professor at the University of Chicago. Most of his important work was done at the University of Chicago. He obtained his BA from Tufts University and...
read more

The Train Interviews. Guest: Ms. Janet Yellen

Early 2000s. Janet Yellen, Professor of Economics at UC Berkeley.  Former Vice Chair of the Board of Governors of the Federal Reserve System, CEO of the Federal Reserve Bank of San Francisco and Chair of the White House Council of Economics Advisers under President Bill Clinton.  Nominee for Fed Chairman.  Interviewed by Kenneth Train on her experience as an economist and in the Federal...
read more