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Bengt Holmström
Bengt Robert Holmström (born 18 April 1949) is a Finnish economist who is currently Paul A. Samuelson Professor of Economics (Emeritus) at the Massachusetts Institute of Technology. Together with Oliver Hart, he received the Central Bank of Sweden Nobel Memorial Prize in Economic Sciences in 2016. Early life and education Holmström was born in Helsinki, Finland, on 18 April 1949, and belongs to the Swedish speaking minority of Finland. He received his B.S. in mathematics and science from the University of Helsinki in 1972. He also received a Master of Science degree in operations research from Stanford University in 1975. He received his Ph.D. from the Graduate School of Business at Stanford in 1978. He moved to the United States in 1976. Career He worked as a corporate planner from 1972 until 1974, then was an assistant professor at the Hanken School of Economics from 1978 until 1979. He served as an associate professor at the Kellogg Graduate School of Management at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Helsinki, Finland
Helsinki () is the capital and most populous city in Finland. It is on the shore of the Gulf of Finland and is the seat of southern Finland's Uusimaa region. About people live in the municipality, with million in the capital region and million in the metropolitan area. As the most populous urban area in Finland, it is the country's most significant centre for politics, education, finance, culture, and research. Helsinki is north of Tallinn, Estonia, east of Stockholm, Sweden, and west of Saint Petersburg, Russia. Helsinki has significant historical connections with these three cities. Together with the cities of Espoo, Vantaa and Kauniainen—and surrounding commuter towns, including the neighbouring municipality of Sipoo to the east—Helsinki forms a metropolitan area. This area is often considered Finland's only metropolis and is the world's northernmost metropolitan area with over one million inhabitants. Additionally, it is the northernmost capital of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Welle
(; "German Wave"), commonly shortened to DW (), is a German state-funded television network, state-owned international broadcaster funded by the Federal Government of Germany. The service is available in 32 languages. DW's satellite television service consists of channels in English, Spanish, and Arabic. The work of DW is regulated by the Act, stating that content is intended to be independent of government influence. DW is a member of the European Broadcasting Union (EBU). DW offers regularly updated articles on its news website and runs its own centre for international media development, DW Akademie. The broadcaster's stated goals are to produce reliable news coverage, provide access to the German language, and promote understanding between peoples. It is also a provider of live streaming world news, which, like all DW programs, can be viewed and listened via its website, YouTube, satellite, rebroadcasting and various apps and digital media players. DW has been ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Swedish Academy Of Sciences
The Royal Swedish Academy of Sciences () is one of the Swedish Royal Academies, royal academies of Sweden. Founded on 2 June 1739, it is an independent, non-governmental scientific organization that takes special responsibility for promoting natural sciences and mathematics and strengthening their influence in society, whilst endeavouring to promote the exchange of ideas between various disciplines. The goals of the academy are: * To be a forum where researchers meet across subject boundaries, * To offer a unique environment for research, * To provide support to younger researchers, * To reward outstanding research efforts, * To communicate internationally among scientists, * To advance the case for science within society and to influence research policy priorities * To stimulate interest in mathematics and science in school, and * To disseminate and popularize scientific information in various forms. Every year, the academy awards the Nobel Prizes in Nobel Prize in Physics, phy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Finance Association
The American Finance Association (AFA) is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939. Its main publication, the ''Journal of Finance'', was first published in 1946. __TOC__ Mission The purpose of the association is to: *Act as a mutual association of persons with an interest in finance *Improve the public understanding of financial problems *Provide for the exchange of financial ideas through the distribution of the ''Journal of Finance'' and other media *Encourage the study of finance in colleges and universities *Conduct other activities appropriate for a non-profit, professional society in the field of finance Membership As of 2022, the association has over 12,000 members. A variety of membership options exist and membership is open to anyone. A number of members are also distinguished in the Society of Fellows of the Association. These are members who have made significant contributions t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Economic Association
The European Economic Association (EEA) is a learned society, professional academic body which links European economists. It was founded in the mid-1980s. Its first annual congress was in 1986 in Vienna and its first president was Jacques Drèze. The current president is Hélène Rey. The Association currently has around 4000 members. Its objectives are: ". . . to contribute to the development and application of economics as a science in Europe; to improve communication and exchange between teachers, researchers and students in economics in the different European countries; and to develop and sponsor co-operation between teaching institutions of university level and research institutions in Europe " It publishes the ''Journal of the European Economic Association''. In August of each year the Association, in collaboration with the Econometric Society organises a congress in a European city. The congress attracts around 1500 participants. Association presidents References E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Econometric Society
The Econometric Society is an international society of academic economists interested in applying statistical tools in the practice of econometrics. It is an independent organization with no connections to societies of professional mathematicians or statisticians. It was founded on December 29, 1930, at the Statler Hotel in Cleveland, Ohio. Its first president was Irving Fisher. As of 2014, there are about 700 elected fellows of the Econometric Society, making it one of the most prevalent research affiliations. New fellows are elected each year by the current fellows. The sixteen founding members were Ragnar Frisch, Charles F. Roos, Joseph A. Schumpeter, Harold Hotelling, Henry Schultz, Karl Menger, Edwin B. Wilson, Frederick C. Mills, William F. Ogburn, J. Harvey Rogers, Malcolm C. Rorty, Carl Snyder, Walter A. Shewhart, Øystein Ore, Ingvar Wedervang and Norbert Wiener. The Econometric Society sponsors the economics academic journal ''Econometrica ''Econometrica ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Academy Of Arts And Sciences
The American Academy of Arts and Sciences (The Academy) is one of the oldest learned societies in the United States. It was founded in 1780 during the American Revolution by John Adams, John Hancock, James Bowdoin, Andrew Oliver, and other Founding Fathers of the United States. It is headquartered in Cambridge, Massachusetts. Membership in the academy is achieved through a nominating petition, review, and election process. The academy's quarterly journal, '' Dædalus'', is published by the MIT Press on behalf of the academy, and has been open-access since January 2021. The academy also conducts multidisciplinary public policy research. Laurie L. Patton has served as President of the Academy since January 2025. History The Academy was established by the Massachusetts legislature on May 4, 1780, charted in order "to cultivate every art and science which may tend to advance the interest, honor, dignity, and happiness of a free, independent, and virtuous people." The sixty-tw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finnish Society Of Sciences And Letters
The Finnish Society of Sciences and Letters (, , ) is a Finnish learned society for natural sciences, social sciences and humanities. It is a bilingual (Swedish and Finnish) science academy and the oldest of the four science academies in Finland. The society was founded in 1838 and is based in Helsinki. It has a total of 120 full ordinary Finnish members, excluding members who have reached the age of 67 (a member who reaches the age of 67 retains the rights as a member but leaves his or her chair open for election of a new member), and about 120 foreign members. It is divided into four sections: I: mathematics and physics, II: biosciences, III: humanities, and IV: social sciences. The society publishes a yearbook, ''Sphinx'', and the book series ''Commentationes Humanarum Litterarum'', ''Commentationes Scientiarum Socialium'', ''Bidrag till kännedom av Finlands natur och folk'' and ''The History of Learning and Science in Finland 1828-1918''. It also awards a number of prizes a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money Market
The money market is a component of the economy that provides short-term funds. The money market deals in short-term loans, generally for a period of a year or less. As short-term securities became a commodity, the money market became a component of the financial market for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less. Trading in money markets is done over the counter and is wholesale. There are several money market instruments in most Western countries, including treasury bills, commercial paper, banker's acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage- and asset-backed securities. The instruments bear differing maturities, currencies, credit risks, and structures. A market can be described as a money market if it is composed of highly liquid, short-term assets. Money market funds typically invest in government se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emergency Economic Stabilization Act Of 2008
The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks. The Bill (law), bill was proposed by United States Secretary of the Treasury, Treasury Secretary Henry Paulson, passed by the 110th United States Congress, and was signed into law by President George W. Bush. It became law as part of Public Law 110-343 on October 3, 2008. It created the $700 billion Troubled Asset Relief Program (TARP) whose funds would purchase toxic assets from failing banks. The funds were mostly directed to inject capital into banks and other financial institutions as the United States Department of the Treasury, Treasury continued to review the effectiveness of targeted asset-purchases. The 2008 financial crisis developed partly due to the subprime mortgage crisis, causing the failure o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Theory Of The Firm
The theory of the firm consists of a number of economic theories that explain and predict the nature of the firm, company, or corporation, including its existence, behaviour, structure, and relationship to the market. Firms are key drivers in economics, providing goods and services in return for monetary payments and rewards. Organisational structure, incentives, employee productivity, and information all influence the successful operation of a firm in the economy and within itself. As such major economic theories such as transaction cost theory, managerial economics and behavioural theory of the firm will allow for an in-depth analysis on various firm and management types. Overview In simplified terms, the theory of the firm aims to answer these questions: # Existence. Why do firms emerge? Why are not all transactions in the economy mediated over the market? # Boundaries. Why is the boundary between firms and the market located exactly there in relation to size and output varie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
