MSGF Seminar: Investment Under Negative Interest Rate

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Investment Under Negative Interest Rate
Co-organized by the HKUST-NYU Stern MS in Global Finance Program 

Today, nominal interest rates are negative for some currencies: EUR, JPY, CHF. This is uncharted territory. Most, if not all, of the portfolio theory is based on nominal rate above zero. There is virtually no historical data in which nominal rates are negative across a number of major currencies. What are the implications of negative rate for today's investment climate?
 
In this talk, Professor Jialin Yu will discuss:
  • whether the negative rates will accomplish the intended policy goals
  • how to invest in such a negative-rate environment
  • explore and quantify the effect of negative rates on investment and consumption
  • highlight "danger zone" where past expereience under positive rate does not hold

*Participants to this seminar are entitled to one hour of continuous professional training (CPT) requirement stipulated by the Securities and Futures Commission in Hong Kong.


About the Speaker
Professor Jialin Yu is Associate Professor of Finance at the Hong Kong University of Science and Technology. Before joining HKUST, he was an associate professor at the Graduate School of Business at Columbia University. He has been a visiting associate professor at Princeton University. He holds Ph.D. degree in Economics from Princeton University, and bachelor degree in Economics from Fudan University.

Professor Yu's research focuses on investments, behavioral finance, and Asian financial markets. His research articles have been published in the American Economic Review, Journal of Finance, Journal of Financial Economics, among others. His research was cited in the scientific background of the 2013 Nobel Prize in Economic Sciences. He has received grants and awards from Morgan Stanley, KPMG, Government of the Hong Kong SAR, Sun Yefang Economic Science Foundation, among others. He has received recognition of excellent teaching and honor in MBA teaching from HKUST.


Event Schedule
12:30    Registration and Light Lunch
13:00    Welcome and Opening
13:10    Presentation
13:40    Q&A
14:00    End

Register Now!

Jun

03

Date
03.06.2016
Time Zone
GMT+8
Time

12:30 - 2pm

Venue

HKUST Business School Central, Rm 1501-02, 15/F Hong Kong Club Building, 3A Chater Road, Central, Hong Kong (MTR J3 Exit)

 
Map
Event Host
MSGF Program
Reg. Deadline
01.06.2016