Patrick Augustin

Complicated crypto products recall derivatives at the centre of the global financial crisis

webfull — Wed, 02 Jul 2025 18:37:40 +0000

Cryptocurrencies are volatile, risky and lack transparency. For banks and investors alike, that’s risky. “Some like to think ‘this time it’s different’,” Prof Patrick Augustin told PaperJam.lu. But for Augustin, crypto today recalls Lehman Brothers, the financial services firm whose collapse set the global financial crisis in motion in 2008. The similarities are striking. Like today’s crypto markets, Lehman Brothers complicated investment products that many buyers and sellers didn’t fully understand.

Patrick Augustin sets the record straight about Luxembourg

webfull — Thu, 15 May 2025 18:40:29 +0000

Luxembourg is best known as a wealthy tax haven--if people know it at all. The tiny and wealthy country is a significant financial centre, but it also has the reputation of being a little dull. But Professor of Finance Patrick Augustin begs to differ. “Of course, it is not comparable to major metropolitan cities like London or New York, but for its size, I think the country punches above its weight in terms of cultural and social activities,” says Augustin, a Luxembourger.

Spring Finance Workshop 2025

webfull — Mon, 12 May 2025 16:30:37 +0000

The fourth edition of the Spring Finance Workshop took place from April 27 to 29, 2025, bringing together top scholars in the field of finance to explore emerging themes across banking, investor expectations, climate finance, asset pricing, and corporate decision-making. Co-organized by Professors Laurent Barras (University of Luxembourg), Mark Podolskij (University of Luxembourg), and Patrick Augustin (��ϲ�� University), the workshop continues to grow as a vibrant forum for academic exchange and collaboration.

��ϲ�� Desautels professors and lecturers recognized at Faculty Awards

webfull — Wed, 16 Apr 2025 15:08:41 +0000

The ��ϲ�� Desautels Faculty of Management acknowledges the vital contributions of research, teaching, service, and public engagement in inspiring future leaders. Through our annual Faculty Awards, we celebrate the exceptional achievements of our faculty members across various programs and disciplines. This year, we are proud to honour the following distinguished individuals:

Research

Desautels Faculty Scholar Award: Ruslan Goyenko

Making payments on time and in full can help improve your credit score

webfull — Fri, 21 Feb 2025 16:40:47 +0000

Credit scores play an essential role in our financial lives, but they are calculated by private companies, and there is little transparency in the way they are calculated. Still, you can take steps to ensure your own credit score is good. “Make loan payments on time and keep credit card records in good standing,” Prof. Patrick Augustin told Consumer Affairs. “Credit card debt should be paid in full when it is due, and shouldn’t be too high relative to disposable income.

Innovative citation metrics seek to address shortcomings of traditional measures

webfull — Fri, 29 Nov 2024 18:17:12 +0000

Counting citations is an important way that a scholar’s academic influence is measured, but not all citations are created equal. Sometimes, widely-cited researchers don’t have much influence beyond their own narrow academic niche. New platforms like OpenAlex and Scite adjust for this type of difference and seek to provide a more balanced picture of influence across disciplines—as well as whether a citation is supporting, challenging or simply mentioning the original work.

Faculty Achievements: Patrick Augustin Associate Professor in Finance appointed Associate Editor Management Science

webfull — Wed, 10 Jul 2024 19:13:35 +0000

Congratulations to Patrick Augustin, Associate Professor of Finance, for his appointment as Associate Editor of the Management Science.

MCCHE Precision Convergence Webinar Series with Patrick Augustin

webfull — Fri, 01 Sep 2023 16:30:11 +0000

Shadow banking is growing – and it’s a hidden risk to the stability of the financial system

webfull — Wed, 07 Jun 2023 17:51:12 +0000

Shadow banking is playing an increasing role in the financial system. Private equity firms, investment funds and mortgage finance companies all employ alternative lending strategies that are lightly regulated, and Canada’s Office of the Superintendent of Financial Institutions is concerned about how much exposure Canada’s banks have to this type of lender, who are collectively known as non-bank financial intermediaries. Their lending is sometimes backed by derivatives, and if their value falls, the loan collateral could be jeopardized.

Delve: Cashing in or Losing Big on Cryptocurrency Yield Farms?

webfull — Wed, 17 May 2023 16:01:46 +0000

If something seems too good to be true, it probably is. Add cryptocurrency yield farms to that list. A complex investment strategy in decentralized finance markets, yield farming advertises eye-popping passively earned returns. While some investors boast impressive returns, for others the risks are unclear or even undisclosed before they invest, and the advertised returns never materialize.

Recap of DGFRC-sponsored finance workshop

webfull — Wed, 12 Apr 2023 15:49:51 +0000

The 10th HEC-��ϲ�� Winter Finance Workshop took place from March 26-28, 2023, in Ischgl, Austria, in collaboration with the Faculty of Law, Economics and Finance (FDEF) at the University of Luxembourg. This year’s conference, once again sponsored by the Desmarais Global Finance Research Centre (DGFRC), brought together academics and researchers from around the world to present their latest work in all areas of finance, including interdisciplinary work in law and finance, sustainability, and new financial technologies.

Desautels researchers celebrated at Bravo 2023

webfull — Thu, 30 Mar 2023 19:34:01 +0000

��ϲ�� University hosted its annual Bravo gala on Thursday March 30, which honours its researchers and scholars who have won special awards, memberships and prizes over the past year. Amongst the distinguished honourees from ��ϲ�� Desautels are Samer Faraj, Professor and Canada Research Chair in Technology, Innovation & Organizing (Distinguished Scholar Award), Warut Khern-am-nuai, Associate Professor, Information Systems (Sandra A.

Prof. Augustin's paper wins 2022 Global AI Finance Research Conference Best Paper Award

webfull — Fri, 06 Jan 2023 16:47:46 +0000

Congratulations to Patrick Augustin, Associate Professor in Finance, whose paper with co-authors Roy Chen-Zhang and Donghwa Shin (both with the University of North Carolina at Chapel Hill) titled “Reaching for Yield in Decentralized Financial Markets” has been awarded the 2022 Global AI Finance Research Conference Best Paper Award. The award was announced at the annual Global AI Finance Research Conference in Singapore on December 12th, 2022.

Professor Augustin receives Bank of Canada Governor’s Award

webfull — Mon, 04 Apr 2022 15:34:42 +0000

Congratulations to Patrick Augustin, Associate Professor of Finance, who received the Bank of Canada Governor’s Award.

DGFRC-sponsored finance workshop concludes successfully

webfull — Fri, 01 Apr 2022 19:36:59 +0000

The 9th edition of HEC-��ϲ�� Winter Finance Workshop as a special edition in collaboration with Goethe University successfully concluded on March 29, 2022. The conference, sponsored by the Desmarais Global Finance Research Centre, took place March 27-29 in Ischgl, Austria, and featured presentations of academic papers in all areas of finance, including interdisciplinary work in law and finance.