Systemic Risk
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Mon, 29/04 16:30 |
George Papanicolaou (Stanford University) |
Colloquia  |
L2 |
| The quantification and management of risk in financial marketsis at the center of modern financial mathematics. But until recently, riskassessment models did not consider the effects of inter-connectedness offinancial agents and the way risk diversification impacts the stability ofmarkets. I will give an introduction to these problems and discuss theimplications of some mathematical models for dealing with them. | |||