University of Chicago GSB

The Fair Value Debate

Christian Laux and Christian Leuz provide a primer to help the public make sense of the recent debate over Fair Value Accounting.

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New Geithner Plan Is a Flop

New York Daily News; March 25, 2009

Professor Luigi Zingales offers his view on Timothy Geithner's new plan for dealing with banks' toxic assets.
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Global Accounting Convergence and the Potential Adoption of IFRS by the United States

Professor Christian Leuz, with his co-authors Luzi Hail and Peter Wysocki, analyzes the economic and policy factors related to the potential adoption of International Financial Reporting Standards (IFRS) in the U.S.
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For current views and analysis from faculty, visit igmchicago.org

Rebuilding the Global Architecture of Financial Regulation

Malcolm Knight spoke at the Myron Scholes Forum on April 1st. Watch video>


Welcome to the Initiative on Global Markets

The massive global movements of capital, products and talent in the modern economy have fundamentally changed the nature of business in the 21st Century. They have also generated confusion among policymakers and the public.

Chicago Booth will continue our role as thought leader on how these markets work, their effects, and the way they interact with policies and institutions.

The Initiative on Global Markets will organize our efforts. It will support original research by Chicago Booth faculty, prepare our students to make good decisions in a rapidly changing business environment, and exchange ideas with policymakers and leading international companies about the biggest issues facing the global economy.

The Initiative will span three broad areas

By enhancing the understanding of business and financial market globalization, and by preparing MBA students to thrive in a global environment, the initiative will help improve financial and economic decision-making around the world.

The Initiative on Global Markets was launched with a founding grant from the Chicago Mercantile Exchange (CME) Group Foundation. The CME Group Foundation academic research on various aspects of financial markets.