CSB Faculty
Does the U.S. Government Debt Fit in a Bucket?
By Dr. Pierre Canac —Nobody will disagree that $12.8tn is a large and potentially scary number! That is the U.S. Gross Federal Debt held by the public at the end of 2014. However, if you divide this number by the U.S. Gross Domestic Product which is $17.7tn, we get about 73%. Is this a large…
Read MoreSummary Brief Exploring the Role of Relationship Context in Consumer Brand Preference of Luxury Consumption
By Shuoyang Zhang– Introduction The growth in global income, middle class consumption, and continuous urbanization has led to the increase in international luxury consumption (Albany 2014). Moreover, today’s luxury consumers are more sophisticated and require higher skilled services and unique product designs. It is very important to understand luxury consumption and the factors involved in…
Read MoreIs it Time for Europe to Call in the Helicopter?
By Dr. Pierre Canac– “Let us suppose now that one day a helicopter flies over this community and drops an additional $1000 in bills from the sky, …. Let us suppose further that everyone is convinced that this is a unique event which will never be repeated,” (Friedman 1969, pp 4–5). In one of…
Read MoreGermany and Greece Need to Learn How to Tango Together
By Dr. Pierre Canac—Prior to the 2007-2008 financial crisis, cross-countries financial flows triggered global imbalances whereby some countries experienced large current account surpluses (and capital outflows) while others faced large current account deficits (and capital inflows). Current Account and Capital Flows A country with a large current account deficit by definition has a large excess…
Read MoreThinking Inside the Box
By Dr. Mark Turner—-When you think of the stereotypical accountant, does the word creativity come to mind? Are accountants as a group more or less creative than non-accountants? Drew Boyd and Jacob Goldenberg, authors of Inside the Box, A Proven System of Creativity for Breakthrough Results argue “creativity is a skill that can be learned…
Read MoreNegative Interest Rates: Unusual and a Difficult Phenomenon to Explain
With respect to interest rates, we live in a very interesting and indeed historical time. In some European countries, nominal interest rates are negative (while they are close to zero in the United States). A short while back this was thought to be impossible. Until it actually happened, it would have been difficult to imagine…
Read MoreFallacy of Composition in Economics
By Dr. Hassan Shirvani —-The fallacy of composition refers to the logically untenable position that what is true for a member of a group must necessarily also be true for the group as a whole. Perhaps a good example of this fallacy is the assertion that since an individual in a crowded room can obtain…
Read MoreThe Economics of Friedrich Hayek
By Dr. Hassan Shirvani— Conservatives tend to idolize the Austrian economist Friedrich Hayek (1899-1992) in the same way that liberals like to lionize the British economist John Maynard Keynes (1883-1946). Indeed, during the Great Depression of the 1930s, the debate between the supporters of Hayek and Keynes dominated much of the academic economic scene. The…
Read MoreBETA GAMMA SIGMA
By Dr. Margaret L. Shelton—- Beta Gamma Sigma [BGS] is the premier Honor Society and highest recognition for business students world-wide who are pursuing degrees at AACSB accredited business schools, such as our own Cameron School of Business. Membership in BGS is permanent with no fees required other than the initial acceptance fee. The benefits…
Read MoreInvestor Sentiment and Global Exchange Traded Funds
By Dr. Gulfem Bayram — The exchange traded funds (ETFs) are securities that track stock indexes, commodities, or baskets of assets, and they are traded on stock markets just like individual stocks. These unique securities have become increasingly popular in recent years as they offer greater diversity and flexibility for individual investors. Rapid Growth of…
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