Senior Director, Israel Center; Senior Fellow;
and Founder, Financial Innovations Labs®
Glenn Yago is senior director of the Milken Institute Israel Center, a senior fellow and founder of the Institute's Financial Innovations Labs ®. He is a leading authority on financial innovations, capital markets, emerging markets and environmental finance. As senior director of the Israel Center, he divides his time between Jerusalem and the Institute's offices in Santa Monica.
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.
At the Israel Center, Yago oversees a range of activities that are devoted to accelerating Israel's economic growth, bridging social and economic gaps, and securing Israel's global competitiveness through financial technology transfer that increases the impact of government policy, philanthropy, and private-sector investment. As part of his work, Yago directs the Milken Institute Fellows Program, which places graduates in internships related to financial reform and economic development projects.
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.
Yago 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 Labs® 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 archaeological site preservation.
Yago earned a Ph.D. at the University of Wisconsin, Madison.