Papers on Financial Policy by Sloan Colleagues

Four recent papers by MIT Sloan colleagues of the GCFP touch on important matters of financial policy.

1. RegTech: Technology-driven compliance and its effects on profitability, operations, and market structure (PDF)
   Professor Andrew Sutherland and his coauthors discuss how the use of technology in regulatory compliance (RegTech) is reshaping financial services in an article published in the Journal of Financial Economics.
2. Digital Collateral (PDF)
   Professor Catherine Wolfram and her coauthors discuss how digital collateral is being used to expand credit by significantly reducing default rates in an article published in The Quarterly Journal of Economics.
3. Who Benefits from Retirement Saving Incentives in the U.S.? Evidence on Gaps in Retirement Wealth: Accumulation by Race and Parental Income (working paper)
   Professors Taha Choukhmane and Lawrence Schmidt and their coauthors explore how the subsidies in defined contribution retirement plans are distributed across demographics and parental income.
4. Failing Banks
   Professor Emil Verner and his coauthors in a study published by the Federal Reserve Bank of New York analyze the causes of bank failures from 1865 to 2023 and show that deteriorating bank fundamentals and not bank runs cause bank failures.

Authored by:

Andrew Gordon Sutherland

Associate Professor, Accounting

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Catherine Wolfram

William Barton Rogers Professor in Energy

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Taha Choukhmane

Class of 1947 Career Development Assistant Professor

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Lawrence D. W. Schmidt

Victor J. Menezes (1972) Career Development Assistant Professor of Finance

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Emil Verner

Albert F. (1942) & Jeanne P. Clear Career Development Associate Professor in Global Management

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