Finance Specialization

Is There a 'Pay-to-Play' Culture in NYC Politics? Students’ Capstone Project Presses the Issue

Is There a 'Pay-to-Play' Culture in NYC Politics? Students’ Capstone Project Presses the Issue

A new Capstone report examines 2005 donations to New York City political campaigns for the Campaign Finance Board, measuring the extent of political influence exerted by contributors. The report by the Wagner student team -- including Mary Fischietto, Eric Friedman, Paul Nelson, Anat Tamir and Kara Merrill Verma -- prompted coverage in the New York Times. Click here to read the article.

Jonathan Morduch Joins U.N. Committee to Design Systems of Poverty Measurement

Jonathan Morduch Joins U.N. Committee to Design Systems of Poverty Measurement

NYU Wagner Professor Jonathan Morduch has been appointed to an expert steering committee of a multi-year United Nations project that will focus on designing and implementing systems of poverty measurement. Morduch was also recently interviewed at length about prospects and tensions in microfinance by the director of the United Nations Commission on the Private Sector and Development. The commission aims to identify innovative ways to foster private sector activity that enhances the well-being of low-income households.

Jonathan Morduch Lectures at Asian Development Bank Institute

Jonathan Morduch Lectures at Asian Development Bank Institute

NYU Wagner Professor Jonathan Morduch was the invited lecturer at the Asian Development Bank Institute in Tokyo. Morduch presented new research on financial markets in Indonesia completed in 2002-3 while Morduch was an Abe Fellow and visiting professor at the University of Tokyo. The research finds that a substantial number of very poor households in Indonesia have economic returns to investments that make them viable as bank borrowers. The new findings contrast with arguments made by microfinance experts who have argued that the very poor are inappropriate targets for bank loans. While in Tokyo, Morduch also presented new research at Hitotsubashi University, FASID/GRIPS Institute, The University of Tokyo, and JICA, the Japanese foreign aid agency.

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