University of Dallas Inaugurates Ninth, First Alumnus President
On Nov. 1, 2019, the Solemnity of All Saints, the University of Dallas inaugurated its ninth and first alumnus president, Thomas S. Hibbs, Ph.D., BA '82 MA '83.
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"Mortgage Loan Securitization and Personal Consumption Smoothening"
In the Author's Words
In this paper we examine the extent to which personal consumptions are sheltered from state-specific economic shocks because of banks’ mortgage loan securitizations. We posit that securitization contributes to personal consumption smoothening due to securitizations’ positive effect on banks’ credit supply, which reduces consumers’ consumption constraints during economic shocks. Using data for U. S. banks’ mortgage loan securitizations from 1989 to 2008, we show that personal consumption smoothening is positively related to securitization. The finding of a significant relationship between loan securitizations and consumption smoothening contributes to the continuing debate on the role of financial innovation in real economy.
Gu, J., Hernandez, R., Liu, P., & Shao, Y. (2015). Mortgage Loan Securitization and Personal Consumption Smoothening. Journal of Economics and Finance. “lead article” in issue.
Faculty Profile: Jenny Gu
On Nov. 1, 2019, the Solemnity of All Saints, the University of Dallas inaugurated its ninth and first alumnus president, Thomas S. Hibbs, Ph.D., BA '82 MA '83.
+ Read More"Our department has two fundamental guiding principles: the study of political philosophy and the study of American founding principles," said Richard Dougherty, MA '89 PhD '93, associate professor of politics and director of the politics graduate program. It is this emphasis on American political development combined with the quality of faculty and the rigor of the University of Dallas' politics doctoral program that led the U.S. Department of Education to award UD a $250,405 grant for stipend support for politics doctoral students through its Graduate Assistance in Areas of National Need program.
+ Read MoreOn Thursday, Sept. 26, several members of the university community gathered to celebrate the completion of Course II of the Studies in Catholic Faith and Culture program, the first component of UD's Liberal Learning for Life initiative. The course is titled "The Person: Tradition and History."
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