Professor Andrew Karolyi, Faculty Co-Director of Johnson’s Emerging Markets Institute, says a June 2010 decision by the United States Supreme Court has driven a major wedge between U.S. and foreign securities markets, increasing costs to U.S. investors seeking foreign exposure and impeding the flow of U.S. capital abroad. Karolyi has been studying the aftershocks of Morrison v. National Australia Bank, in which the Court held that only securities purchased on U.S. exchanges or on U.S. soil (if traded over the counter) are subject to the fraud protection provisions of Section 10(b) of the Securities Act.
EMI Fellows Capstone Projects Class of 2017 – Cornell Tech EMI Fellows complete capstone projects which allow them to take what they have learned from their varied coursework and apply it through practical research projects.
“Much of my research focuses on cross-border capital flows, especially in emerging markets which are fast-growing, capital-hungry and unfortunately hampered by fragile markets, weak regulatory institutions, and inadequate laws.”
Andrew Karolyi, Charles Field Knight Dean of the Cornell SC Johnson College of Business
