Global economies & markets

As January draws to a close, the U.S economy finds itself in uncharted territory, with conventional measures of strength such as the low unemployment rate and increasing wage growth juxtaposed with a topsy-turvy stock market, its longest-ever government shutdown and a U.S. president openly pillorying actions of the Federal Reserve Board.

Richard A. Mayo Center for Asset Management Director Aaron Fernstrom (GEMBA ’15) explores the rapidly growing — and essentially unregulated — shadow banking market.

Most economic crises fade quickly into blurry memories, but the same can’t be said of the mortgage meltdown and Great Recession of 2007–09. A decade later, three of Darden’s top economics and finance professors share their concerns of a repeat.

Anton Korinek of UVA’s Darden School and Department of Economics explains the impact of AI on the future of human work and what we should be doing about it now.

In the midst of the China-U.S. trade dispute, international trade expert Peter Debaere discusses the ramifications of "President" Trump’s threats to leave the WTO.

Darden Professors Frank Warnock and Veronica Cacdac Warnock bring their financial acumen to bear on one of the most pressing needs in the world — adequate housing.

Lake Kivu Coffee Alliance supports Congo landmine victims with training, peer support and economic inclusion. It is a leading public partnership and finalist for the 2018 P3 Impact Award.

Griha Pravesh helps low-income populations in India achieve affordable housing, improved living conditions and financial inclusion. It is a leading public-private partnership.

Another global financial crisis will come eventually, although when and why the next downturn will begin remains an unknown. So far, regulatory efforts have not eliminated the sources of financial instability.