White and Working Papers
Professor Andrew Karolyi, Faculty Co-Director of Johnson’s Emerging Markets Institute, says a June 2010 decision by the United States Supreme Court has driven a major wedge between U.S. and foreign securities markets, increasing costs to U.S. investors seeking foreign exposure and impeding the flow of U.S. capital abroad. Karolyi has been studying the aftershocks of Morrison v. National Australia Bank, in which the Court held that only securities purchased on U.S. exchanges or on U.S. soil (if traded over the counter) are subject to the fraud protection provisions of Section 10(b) of the Securities Act.
Professor Andrew Karolyi and the Morrison Decision: Measuring the Value of U.S. Securities Law to Investors
A list of related working papers from our faculty:
- Bailey, Warren; Zhao, Bin. “Familiarity, Convenience, and Commodity Money: Spanish and Mexican Silver Dollars in Qing and Republican China” (in preparation).
- Juan Pablo Casadiego’s Report – The importance of Emerging Market Economies in Global Agriculture and Food Security
- EMI Fellows Capstone Projects Class of 2017 – Cornell Tech EMI Fellows complete capstone projects which allow them to take what they have learned from their varied coursework and apply it through practical research projects. Click here to view them.
“Much of my research focuses on cross-border capital flows, especially in emerging markets which are fast-growing, capital-hungry and unfortunately hampered by fragile markets, weak regulatory institutions, and inadequate laws.”Andrew Karolyi, Faculty co-director of EMI