On 6 November 2012 in a possibly momentous verdict in the world of sovereign debt a New York court has ruled against Argentina and found in favour of its hedge fund creditors, after a decade of legal battles. Dr. Rodrigo Olivares-Caminal, a Reader in Banking and Finance at the Centre for Commercial Law Studies at Queen Mary, University of London, discusses the verdict with FT's capital markets correspondent Robin Wigglesworth. (5m 5sec)
On 9 November 2012, FT Alphaville reported on the progress in the litigation in New York regarding the pari passu clause and a possible ratable payment formula. In the article titled "Argentina, holdouts and finding a formula", Joseph Cotterill refers to Dr. Rodrigo Olivares-Caminal's work ("The Pari Passu Interpretation in the Elliot Case: A Brilliant Strategy but an awful (mid-long term) Outcome", Hofstra Law Review, Volume 40, Issue 39, April 2012) when assessing the strategy of sovereigns to confront holdouts.
We have pleasure in announcing that Sanam Javed has been successfully recruited to the position of Postgraduate Student Support Manager, and commenced her role at the end of last semester. If you haven’t yet seen her around, please welcome her and assist in her smooth transition into the School.
Ajay Kumar has joined us for a year as IT/Web Support Officer until February 2014. Please welcome him when you see him.
SEF Professor Francis Breedon gave a public lecture at the CFA on "The financial market impact of UK quantitative easing". The lecture is available to view online at https://www.cfauk.org/cpdselect_resources.html (login required).
The School of Economics and Finance is pleased to announce that Sir Nicholas Macpherson, Permanent Secretary to the Treasury, will be a Visiting Professor with us from this academic year onwards. He will be teaching within the School as well as giving a major lecture.
George Kapetanios, Head of School, said: "We are delighted to have Sir Nicholas with us in the School. His expert knowledge will provide a unique insight into Britain's economic governance."
Liudas Giraitis, Professor in the School of Economics and Finance, has recently published a book of his research together with H.L. Koul and D. Surgailis.
The book, published by Imperial College Press, is titled 'Large Sample Inference For Long Memory Processes', and covers basic theory and techniques of proving limit theorems for numerous statistics based on long memory processes.
It is available to purchase online from the links below.
A paper co-written by Randi Hjalmarsson of the School of Economics and Finance has found that all-white U.S. juries are more likely to convict black defendants.
QMUL's own media outlet have a press release here: http://www.qmul.ac.uk/media/news/items/hss/72078.html and CNN picked up the paper here: http://edition.cnn.com/2012/05/23/opinion/anwar-bayer-hjalmarsson-jury-r....
This year's Peston Lecture, given by Dr Richard Lipsey in the College's new Arts 2 building, is now available to watch online at http://ess.q-review.qmul.ac.uk:8080/ess/echo/presentation/c2b327b2-ae02-4fc8-8864-eaad647a44b6
The topic of the lecture is 'Policy Implications of Alternative Economic Paradigms: Some Surprises from Endogenous Technological Changes'.
The School is pleased to announce that Queen Mary will be part of the Russell Group from August 2012. The Russell Group is a group of 20, soon to be 24, research-intensive universities in the UK, committed to maintaining the best research, an outstanding teaching and learning experience, and unrivalled links with business and the public sector.
Professor Simon Gaskell, Principal of Queen Mary, said: “We are delighted to accept the invitation to join the Group."