Systemic Risk

29 April 2013
16:30
George Papanicolaou
Abstract
<p><span>The quantification and management of risk in financial markets</span><br /><span>is at the center of modern financial mathematics. But until recently, risk</span><br /><span>assessment models did not consider the effects of inter-connectedness of</span><br /><span>financial agents and the way risk diversification impacts the stability of</span><br /><span>markets. I will give an introduction to these problems and discuss the</span><br /><span>implications of some mathematical models for dealing with them.</span><span>&nbsp;</span></p>