Elham Saeidinezhad is a Term Assistant Professor of Economics at Barnard College, Columbia University. Previously, Elham taught at UCLA, served as a research economist in the "International Finance and Macroeconomics" research group at Milken Institute, Santa Monica, and was a post-doctoral fellow at INET. She obtained her Ph.D. in empirical macroeconomics from the University of Sheffield, UK.


Making Markets

An interview with Douglas Cifu on the SEC

The Gamestop bubble of 2021—where the value of the company’s stocks increased more than a hundred times over in just a few months—exemplified the rising trend of the meme stock frenzy. The event shed light on the role of retail…


Best Execution?

SEC regulations and the future of retail trading

Recent years have seen the rise of the meme stock frenzy—a wave of stock purchases driven by social media trends. This tendency culminated with the Gamestop bubble of 2021, in which the value of the company’s stocks increased more than…


Inside the Black Box

Examining the microstructures of the financial system

We live in a period of unparalleled financial complexity, and, as the history of recent decades has demonstrated, unparalleled financial risk. The recurring crises which plague the global economy have brought theorists of systemic instability to the fore. Key among…

April 1, 2023

Analysis

Banks as Hedge Funds?

The failure of Silicon Valley Bank

Silicon Valley Bank’s (SVB) short lifespan—from October 17, 1983 to March 10, 2023—has been witness to crucial transformations in the world of modern banking. The bank’s collapse has sparked wide ranging reflections on the roots of the crisis, the utility…

April 6, 2021

Analysis

Risks and Crises

On market makers and risk managers post-2008.

For a long time, Bagehot’s rule, “lend freely, against good collateral, but at a high rate,” restored the Fed’s control over the money market and helped end banking panics and systemic banking crises. This control evaporated on September 15, 2008,…