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 Staff Biography - Glenn Yago

Yago
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Glenn Yago
Executive Director, Financial Research
Ph.D., Political Economy, University of Wisconsin, Madison

Email: gyago@milkeninstitute.org

Glenn Yago is Executive Director of Financial Research at the Milken Institute and a leading authority on financial innovations, capital markets, emerging markets and environmental finance.

Yago's work focuses on the innovative use of financial instruments to solve long-standing economic development and social and environmental challenges. His research and projects have contributed to policy innovations fostering the democratization of capital to traditionally underserved markets and entrepreneurs in the United States and around the world.

Prior to joining the Institute, Yago served as a professor at the State University of New York–Stony Brook and at the City University of New York Graduate Center in the Ph.D. program in economics. He is also a visiting professor at the Hebrew University of Jerusalem, where he directs the Koret–Milken Institute Fellows program, which places graduates in positions related to financial reform and economic development projects.

He is the co-author of multiple books, including Financing the Future: Market-Based Innovations for Growth (Wharton School Publishing, 2010), The Rise and Fall of the U. S. Mortgage and Credit Markets (John Wiley and Sons, 2009), Global Edge (Harvard Business School Press, 2007), Restructuring Regulation and Financial Institutions (Kluwer, 2004) and Beyond Junk Bonds (Oxford University Press, 2005). He is also the co-editor of the Milken Institute Series on Financial Innovation and Economic Growth (Springer).

His research focuses on tracking changes in global capital markets and directing the Institute's series of Financial Innovations LabsTM to structure economic solutions. Financial Innovations Labs are credited with crafting breakthrough financial policies and programs for institutional investors, foundations, development programs and governments that address such diverse problems as urban revitalization, catastrophic risk, affordable housing, small-business financing, water infrastructure, climate change, health care and antiquities preservation.

Yago earned a Ph.D. at the University of Wisconsin, Madison.

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 Publications

2010

2009 Capital Access Index:
Best Markets for Access to Business Capital

Date: April 26, 2010
James R. Barth, Tong Li, Wenling Lu and Glenn Yago

Financing the Future:
Market-Based Innovations for Growth

Date: April 2010
Franklin Allen and Glenn Yago
Wharton School Publishing

Financing Small and Medium-Sized Enterprises (SMEs) and Banking Competition
Date: March 24, 2010
Guy Ben-Ishai and Glenn Yago
Milken Institute



2009

Israel and the Global Equity Market
Date: November 1, 2009
Glenn Yago, Alma Gadot-Perez, Tong (Cindy) Li, Patricia Reiter, Laura Segafredo, Adi Hachmon and Ronit Purian-Lukatch
Milken Institute

Israel and the Global Equity Market
Date: November 1, 2009
Glenn Yago, Alma Gadot-Perez, Tong (Cindy) Li, Patricia Reiter, Laura Segafredo, Adi Hachmon and Ronit Purian-Lukatch
Milken Institute

China's Emerging Financial Markets: Challenges and Opportunities
Date: October 2009
James R. Barth, John A. Tatom and Glenn Yago, Editors

Stimulating Investment
in Emerging-Market SMEs

Date: October 2009
Milken Institute

The Rise and Fall of the U.S. Mortgage and Credit Markets: A Comprehensive Analysis of the Meltdown
Date: May 2009
James R. Barth, Tong Li, Wenling Lu, Triphon Phumiwasana and Glenn Yago

Capital Access Index 2008:
Best Markets for Business Access to Capital

Date: April 28, 2009
Apanard Angkinand, James R. Barth, Tong Li, Wenling Lu
and Glenn Yago
Milken Institute

Opacity Index
Date: April 21, 2009
Joel Kurtzman and Glenn Yago
Milken Institute

The Rise and Fall of the U.S. Mortgage and Credit Markets: A Comprehensive Analysis of the Meltdown
Date: January 16, 2009
James R. Barth, Tong Li, Wenling Lu, Triphon Phumiwasana
and Glenn Yago

MIR 1st Qtr 2009
Date: January 2009



2008

Deleveraging Can Save Jobs
Date: December 18, 2008
James Barth, Michael Klowden and Glenn Yago
The Wall Street Journal

Education in Israel: Higher Education and Elementary Schools - Proposals for Financing and Management
Date: November 13, 2008
Abed Assli, Sivan Anavi and Yosi Ganel: Edited by Glenn Yago and Ronit Purian-Lukatch
Milken Institute

Education in Israel: Higher Education and Elementary Schools - Proposals for Financing and Management (HEBREW)
Date: November 13, 2008
Abed Assli, Sivan Anavi and Yosi Ganel: Edited by Glenn Yago and Ronit Purian-Lukatch
Milken Institute

Energy Development in Israel: Increasing Efficiency and Renewable Sources
Date: November 13, 2008
Noa Yehezkel and Inbal Robbas; Edited by Glenn Yago and Ronit Purian-Lukatch
Milken Institute

Energy Development in Israel: Increasing Efficiency and Renewable Sources (HEBREW)
Date: November 13, 2008
Noa Yehezkel and Inbal Robbas; Edited by Glenn Yago and Ronit Purian-Lukatch
Milken Institute

Northern Israel Needs Investment to Bolster It: Security and Development Are Linked
Date: August 13, 2008
Glenn Yago
The Jewish Journal

Increasing Capital for Small Businesses:
The Promise of Securitization

Date: August 2008
Glenn Yago, Betsy Zeidman and Jill Manning
Milken Institute

Accelerating Medical Solutions in Israel: Building a Global Life Science Industry
Date: May 15, 2008
Milken Institute

Accelerating Medical Solutions in Israel: Building a Global Life Science Industry (Hebrew)
Date: May 15, 2008
Milken Institute

2008 Opacity Index
Date: April 30, 2008
Joel Kurtzman and Glenn Yago
Milken Institute

Financial Innovations for Catastrophe Risk: Cat Bonds and Beyond
Date: April 30, 2008
Milken Institute

Capital Access Index 2007:
Best Markets for Business Access to Capital

Date: February 2008
James R. Barth, Tong Li, Wenling Lu, Triphon Phumiwasana and Glenn Yago
Milken Institute

A Short History of the Subprime Mortgage Market Meltdown
Date: January 2008
James R. Barth, Tong Li, Triphon Phumiwasana, and Glenn Yago
Milken Institute

A Short History of the Subprime Mortgage Market Meltdown
Date: January 2008
James R. Barth, Tong Li, Triphon Phumiwasana, and Glenn Yago
Milken Institute

MIR 1st Qtr 2008
Date: January 2008



2007

Despite Foreclosures, Subprime Lending Increases Homeownership
Date: December 6, 2007
James R. Barth, Tong Li, Triphon Phumiwasana
and Glenn Yago
Milken Institute

Koret-Milken Institute Fellows Economic Reform Studies: 2007
Date: December 2007
Editor in Chief: Glenn Yago, Deputy Editor: Ronit Purian-Lukatch
Koret Economic Development Funds/Milken Institute

Koret-Milken Institute Fellows Economic Reform Studies: 2007 (Hebrew version)
Date: December 2007
Editor in Chief: Glenn Yago, Deputy Editor: Ronit Purian-Lukatch

Mortgage Market Turmoil: The Role of Interest-Rate Resets
Date: December 2007
James R. Barth, Tong Li, Triphon Phumiwasana, and Glenn Yago
Milken Institute

Entrepreneurship in Emerging Domestic Markets: Barriers and Innovation
Date: November 2007
Glenn Yago, James R. Barth, and Betsy Zeidman, eds.
Springer

Global Edge: Using the Opacity Index to Manage the Risks of Cross-Border Business
Date: November 2007
Joel Kurtzman and Glenn Yago
Harvard Business School Press

Time to Change U.S. Climate Policy
Date: October 2007
Robert W. Hahn and Peter Passell
The Economists' Voice

Transatlantic Innovations in Affordable Capital for Small- and Medium-Sized Enterprises: Prospects for Market-Based Development Finance
Date: October 2007
Glenn Yago, Daniela Roveda and Jonathan M. White
The German Marshall Fund and the Milken Institute

Food Surpluses and Food Insecurity
Date: September 4, 2007
Sharon Ouziely; Editor in Chief: Glenn Yago; Deputy Editor: Ronit Purian-Lukatch, Deputy Director, Koret-Milken Institute Fellows Program
Milken Institute

Food Surpluses and Food Insecurity [Hebrew]
Date: September 4, 2007
Sharon Ouziely; Editor in Chief: Glenn Yago; Deputy Editor: Ronit Purian-Lukatch, Deputy Director, Koret-Milken Institute Fellows Program
Milken Institute

Beyond Bachar: Next Steps for Financial Reform
Date: July 25, 2007
Amit Goldwasser, Diana Zaks, Shahar Shlush, and Glenn Yago; Editor: Ronit Purian-Lukatch, Deputy Director, Koret-Milken Institute Fellows Program
Milken Institute

Beyond Bachar: Next Steps for Financial Reform [Hebrew]
Date: July 25, 2007
Amit Goldwasser, Diana Zaks, Shahar Shlush, and Glenn Yago; Editor: Ronit Purian-Lukatch, Deputy Director, Koret-Milken Institute Fellows Program
Milken Institute

Financial Innovations for Economic Recovery and Development in Northern Israel
Date: July 4, 2007
Milken Institute

A History of Emerging Domestic Markets
Date: June 2007
Glenn Yago, Betsy Zeidman and Alethea Abuyuan
Community Development Investment Review

Emerging Domestic Markets: Increasing Capital by Improving Data
Date: April 2007
Glenn Yago, Betsy Zeidman, Teresa Magula and Jon Sederstrom

Financial Innovations for
Achieving Energy Independence

Date: April 2007
Milken Institute

Inverted Yield Curves and Financial Institutions: Is the United States Headed for a Repeat of the 1980s Crisis?
Date: March 2007
James Barth, Tong Li, Triphon Phumiwasana and Glenn Yago

MIR 2nd Qtr 2007
Date: February 2007

MIR 1st Qtr 2007
Date: January 2007



2006

Capital Access Index 2006: Best Markets for Business Finance
Date: December 2006
James R. Barth, Tong Li, Triphon Phumiwasana, and Glenn Yago

Hedge Funds: Risks and Returns in Global Capital Markets
Date: December 2006
James R. Barth, Tong Li, Triphon Phumiwasana and Glenn Yago

MIR 4th Qtr 2006
Date: December 2006

MIR 2nd Qtr 2006
Date: June 2006



 Selected Non-Milken Institute Writings:

2003
"A Cross-Country Analysis of the Bank Supervisory Framework and Bank Performance"
Glenn Yago with James Barth, Daniel E. Nolle, and Triphon Phumiwasana
2003
Financial Markets, Institutions & Instruments

"Before the Enron Collapse: What Corporate CFOs around the World Said About the Status of Accounting and Disclosure Practices"
Glenn Yago with James Barth and Susanne Trimbath
2003
Review of Pacific Basin Financial Markets and Policies

1999
"Cities in the New Economy"
Glenn Yago, Daniel D. Luria and Joel Rogers
1999
Metro Futures: Economic Solutions for Cities and Their Suburbs

1998
"The East Asian Banking Crisis: Governments vs. Markets"
Glenn Yago, James R. Barth, R. Dan Brumbaugh, Jr. and Lalita Ramesh
1998
Jobs & Capital 7 , no. 3/4

1997
"Tearing Down the Walls Between Commerce and Banking"
Glenn Yago, James R. Barth and R. Dan Brumbaugh, Jr.
1997
Banking Strategies

1994
"Triggering High Yield Market Decline: Regulatory Barriers in Financial Markets"
Glenn Yago and Donald Siegel
March 1, 1994
Extra Credit: The Journal of High Yield Bond Research

1993
"Financial Repression and the Capital Crunch Recession: Political and Regulatory Barriers to Growth Economics"
Glenn Yago, Benjamin Zycher, and Lewis Solmon (eds.)
1993
Economic Policy, Financial Markets, and Economic Growth