Program For Financial Studies Channel

The latest developments, from events and research and curriculum to new programs and initiatives.

In the face of geopolitical instability, the IMF must embrace capital controls.

A bold vision for Columbia Business School is reflected in its new Manhattanville home

As a real estate professional, you can’t avoid it—everyone is talking about data centers. Without a doubt, it is the most exciting sector for real estate investment in 2025. Over the past week, I’ve had six in-depth conversations with experts and pored over hundreds of pages of research from real estate advisory firms, Wall Street analysts, credit rating agencies, technology blogs, and newspapers. While a short piece cannot fully do justice to this fascinating, interdisciplinary topic, I will attempt to distill key insights and open questions worth considering. A list of references for further reading appears at the end.