The Psaros Center for Financial Markets and Policy at Georgetown University’s McDonough School of Business provides vital thought leadership by conducting original research, widely sharing its findings, and teaching the next generation of finance and policy leaders.
The Proposed Shift Toward Semi-Annual Reporting in the United States: Context, Rationale, and Implications
The SEC has formally proposed letting public companies report earnings twice a year instead of four times. The UK already made this shift — twice.
In a new white paper by visiting fellow Marshall Lux and research assistants Daniel Tuero and Alejandro Pelaez, they use the UK's return to semi-annual reporting in 2014 as a case study for what a similar U.S. shift would actually change.
Borrowing for the Rest of Us: Credit Challenges for the Subprime Consumer
Credit card rate caps could push millions of borrowers toward products that don't even have to disclose an APR.
In a new white paper by visiting fellow Marshall Lux and research assistants Olivia Zhao and Ahlay Hussain, they examine five fringe credit products — Buy Now Pay Later, rent-to-own, Earned Wage Access, subprime auto lending, and credit repair — that serve the consumers with the fewest alternatives and the least room for error.
The Wisdom of the Crowds: The Rise of Prediction Markets
In a new white paper by visiting fellow Marshall Lux and research assistant Michael Sapozhnikov, they examine the rapid rise of prediction markets and what it means for finance, policy, and regulation.
Prediction market volumes grew to nearly $64 billion in 2025 and are on pace to reach $325 billion in 2026. Goldman Sachs and JPMorgan are paying attention. So is the Federal Reserve. As major financial institutions explore this space and regulators scramble to keep up, understanding prediction markets is becoming essential for anyone at the intersection of finance and policy.
Stablecoins and the Rising Need for Confidential Blockchain Transactions
The GENIUS Act created a regulatory framework for stablecoins. But it left a critical gap unaddressed: transaction privacy.
In a new white paper by visiting fellow Yaya J. Fanusie and research assistant Julen Payne, they argue that privacy-preserving technology is not a market preference for the stablecoin industry — it is a regulatory necessity.
Public-private partnerships are supposed to help close the $1 trillion annual global infrastructure gap. But their record is mixed.
In a new white paper by visiting fellow Marshall Lux and research assistants Bernie Steinki-Moros and Sophia Ivanov, they examine when PPPs work, when they fail, and what it takes to get them right.
In order to help navigate the debates surrounding proxy advisors and to understand which claims are warranted, unwarranted, or in need of more research, this paper will discuss the work of proxy advisors, their methodologies, why leaders across Wall Street and Washington are challenging them, how far those criticisms are justified, and whether their influence will wane in the age of AI.
By approaching both sides of the Fed’s dual mandate, this white paper aims to explain the key measures used by the Fed to set monetary policy, including their data sources, how they are calculated, their significance, and other important details.
Considering Institutional DeFi Integration: How To Manage Illicit Finance Risk
The paper examines how financial institutions can adopt decentralized finance (DeFi) while managing illicit finance risks, highlighting blockchain-native compliance tools like analytics, decentralized identity, and programmable compliance, and urging regulators to enable innovation through clear guidance.
Capital Raising: The Need for Vibrant Public Markets
This paper examines the position of U.S. capital markets relative to other countries, identifies factors causing the decline in public companies, examines the benefits and challenges of being a public company, and provides recommendations for making public markets more attractive.
The stablecoin market is rapidly evolving, presenting both opportunities and challenges for the financial system. This paper focuses on fiat-backed stablecoins, highlighting their growth, potential for illicit use, and the current U.S. regulatory environment.
