PSU Mark
Eberly College of Science Mathematics Department

Meeting Details

For more information about this meeting, contact Anna Mazzucato, Manfred Denker, Victor Nistor.

Title:Approaches to Modeling Financial Stability
Seminar:Probability and Financial Mathematics Seminar
Speaker:John Liechty, Marketing Department, Penn State Smeal College of Business
Abstract:
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
Date:01 / 25 / 2011
Time:04:00pm - 05:00pm