Abstract: The financial crisis of 2008 left elite university endowments with 30% less value, leading these universities to respond with dramatic budgetary restructuring. While endowments had received probing national and Congressional attention in the months prior to the crisis, that attention...

Over two years after the fall of Lehman Brothers, the financial and economic crises have taken a heavy tool on public welfare, wiping out the positive effects of decades of nonprofit work. Unlike other sectors, international finance thrives not only due to poor governmental oversight mechanisms,...

The financial crisis has opened up a global debate on the taxation of the financial sector. A number of international policy initiatives, most notably by the G20, have called for major changes in the tax treatment of financial institutions and transactions as well as individuals working in the...