For more information about this meeting, contact Anna Mazzucato, Manfred Denker, Victor Nistor.
| Title: | Approaches to Modeling Financial Stability |
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| Seminar: | Financial Mathematics Seminar |
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| Speaker: | John Liechty, Marketing Department, Penn State Smeal College of Business |
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| Abstract: |
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| The recent credit crisis of 2008 demonstrated the lack of appropriate
models, data and monitoring infrastructure to understand how our financial
system works in times of stress. The clear failings in our financial
regulators abilities and capabilities has lead to structural changes in the
way that data will be collected and research will be conducted, with regards
to studying the stability of financial markets. One recent advance is the
creation of a new Office in the U.S. Treasury Department, with the specific
mandate to collect system-wide financial data and engage in and sponsor
fundamental research. In this talk, I will give a brief overview of some of
the structural changes that have occurred among U.S. financial regulators
and I will outline some of the potential scientific challenges (which will
to a large degree translate into mathematical and computational challenges)
that will need to be faced as the broader research community helps develop
the next generation of financial market modeling and monitoring tools. |
Room Reservation Information
| Room Number: | MB315 |
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| Date: | 01 / 25 / 2011 |
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| Time: | 04:00pm - 05:00pm |
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