Archive for Columbia University – Page 20

SIPA’s closed for Christmas & New Year’s

In observance of the Christmas and New Year’s Eve holidays, SIPA will be closed, December 25-26, 2014 and January 1-2, 2015.

During this time, we’ll be unable to respond to your emails and voicemails. So for all admissions-related questions, please review our recent blog posts on test scores, essay questions (part one and two), recommendation letters, and general deadline requirements. If you still can’t find the answer, please feel free to email us at [email protected], and we’ll return your message during normal business hours.

Happy holidays!

P.S. Don’t forget to share your holiday photos with us on Instagram! Tag us @Columbia.SIPA with #SIPAlife and we’ll feature them on our account.

Happy Holidays, from the SIPA family to yours!

Holiday-Card_animated_foroutlook

You may have noticed this lovely holiday card in your inbox. The scene in the photograph was actually taken on Columbia University’s “College Walk,” which is the main street (or walkway) that runs through the main campus. (Can you see yourself dashing through here to make it your first SIPA class on time?) During this time of year, College Walk is flanked by dozens of trees wrapped in twinkle lights. It’s just Columbia’s way of celebrating the holidays and spreading joy to everyone who steps foot on campus!

And we wanted to share a bit of that holiday cheer with all of you. We hope you have a very happy holiday, and we look forward to receiving your application for admission in the New Year.

A look at ‘Emerging Capital Markets’ class

Professors Bruce Wolfson and Jorge Mariscal.

Professors Bruce Wolfson and Jorge Mariscal.

 
By Andreas Maerki, MPA International Finance and Economic Policy Dec ‘14

This semester I’ve been taking the “Emerging Capital Markets” course at SIPA with Professor Bruce Wolfson and Professor Jorge Mariscal. Professor Wolfson is a seasoned, emerging markets lawyer who’s counseled global financial institutions for more than 30 years in virtually every region and every aspect of financial services. He has substantial experience in negotiating and rescheduling sovereign and private sector debt. Professor Mariscal has more than 25 years of experience in international financial markets, with more than 20 years specifically dedicated to emerging markets. He was a partner and chief investment strategist at a multibillion asset manager and a managing director at one of the largest global investment banks, where he coordinated the firm’s emerging markets investment research product. Both professors have been teaching this course at Columbia since 1999.

The goal of “Emerging Capital Markets” is to expose students to the historical relationships between financial risk, capital structure and legal and policy issues in emerging markets. Students identify patterns in investor and borrower behavior, evaluate sovereign capital structures and analyze sovereign defaults—including the debt negotiation process during the various debt crises of the past 175 years. This course also studies the genesis and outcome of several banking and stock market crises seen in emerging market (EM) countries.

Typically, a solid understanding of economic and financial history is an important—and usually neglected—background needed for anyone interested in the banking industry or economic policy-making. But this course doesn’t require that its students have a high level of finance theory or law (although, some macroeconomic or finance theory will be useful).

The first half of the course consisted of lectures and reading materials about the definition of emerging markets, liquidity and pull theories and various recent crises and the implemented solutions. We also covered the current default of Argentina and the role of the so called “Vulture Investors.” During the second half of the course we presented group research projects about emerging markets. My group analyzed the emerging markets in Africa. Specifically, we compared and contrasted Kenya, Morocco, Nigeria and South Africa, and identified the risk and opportunities these countries are experiencing.

“Emerging Capital Markets’” rich lesson plan makes it easy to see why the course is one of the most popular classes at SIPA. Despite its popularity, the professors keep the class size small to maintain healthy and vibrant class discussions, and to ensure their students are getting the one-on-one attention they crave. Therefore, I highly suggest that you don’t wait until your last semester to take this course!

It’s truly a class you don’t want to miss while at SIPA.

What’s with the Globe?

globe for blog

If you’re following us on Instagram, you may have a noticed a globe pop up in the photos from time to time. (Wait, you’re not following us on Instagram? Well, you should be! @Columbia.SIPA) The globe is our digital signature every time—well almost every time—the Admissions staff is attending an event and engaging with prospective students.

Those events may include college fairs, admissions lecturers, symposiums, campus-wide events, and more. So the next time you see the globe, you’ll know we were there helping prospects like yourself connect with current students and alumni, and answering your admissions-related questions. We also live-gram events—posting photos while the event is in progress—as a reminder to our NYC-based SIPA fans that there’s still time to stop by and enjoy the festivities.

So take a moment to stay connected to SIPA visually and follow us on Instagram this weekend! Just visit us here: @Columbia.SIPA, and tag us in your own photos whenever you can!

Seeple Snapshot: Oscar Pocasangre, MPA

Oscar Pocasangre

Master of Public Administration (MPA)
Concentration: Economic and Political Development (EPD)
Specialization: Advanced Policy and Economic Analysis (APEA)
Oscar speaking at a panel on emerging markets at the OECD as a representative for SIPA’s Center on Economic and Global Governance (CGEG)

Oscar speaking at a panel on emerging markets at the OECD as a representative for SIPA’s Center on Economic and Global Governance (CGEG)

 

What did you do before SIPA?

Prior to SIPA, I worked for two years at the MIT Poverty Action Lab (J-PAL) as a policy and training analyst in their Chile office. I focused on creating courses on randomized trials for policymakers and also worked with governments and NGOs throughout the region in promoting the use of good evidence when crafting public policies. I was also able to write up various policy publications, including a book chapter on conditional cash transfers.

What has been the best part of your SIPA experience?

There have been many highlights! Academically, I think the highlight has been taking a class with Andrés Velasco, a former finance minister of Chile and former presidential candidate during the Chilean primaries in 2013. He was very accessible as a professor and he was able to combine rigorous theories from political economy and game theory with his personal experience in politics to explore issues that policymakers face in practice. Another highlight was being able to represent SIPA at two conferences in Paris sponsored by the Center on Global Economic Governance. There were many distinguished speakers at the conferences, including Nobel laureate Joseph Stiglitz, the Minister of Finance of France, representatives from the UN and the OECD, among many others. It was a great opportunity to hear what these experts think about the world’s current problems and how to solve them.

What kind of work do you hope to do when you graduate?

I want to be a university professor and do research on the political economy of development, governance, and ways of using experimental methods to answer questions of political science. So, that’s a cool way of saying that I hope to stay in school after I graduate.

Can you describe the nature of the SIPA curriculum?

The SIPA curriculum is flexible enough that you can choose to focus on the areas that interest you the most and approach these areas from both theoretical and practical perspectives. SIPA does tend to emphasize practical experience. One of the big values and strengths of the SIPA curriculum is that it requires students to take a series of economics and statistics courses, which I think, are vital for anyone involved in policymaking.

Do you feel like you have gotten to know some of the faculty members?

Yes! This has been one of the other highlights of my time at SIPA. I find that professors here are very accessible and willing to help and offer advice. Many students don’t take much advantage of the office hours of the faculty, but these are great opportunities to get to know professors. I’ve been able to work closely with one faculty member on a research project. As an aspiring academic, this has been an incredible experience and opportunity.

 

"The most global public policy school, where an international community of students and faculty address world challenges."

—Merit E. Janow, Dean, SIPA, Professor of Practice, International and Economic Law and International Affairs

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