The Economics and Mathematics of Systemic Risk and Financial Networks

Date: 
Tue, Jul 22, 2014
Conference: 
The Economics and Mathematics of Systemic Risk and Financial Networks

Financial markets are not physical systems. The rules they operate are determined by regulation, and the operators try their best to influence and circumvent these regulations insofar as they thwart their own ends. Asset prices are modelled by stochastic processes, as if the randomness came from an outside source, but the markets themselves generate much of the noise. Risk is the downside of randomness. The program will focus on the way the markets generate and propagate risk, and what kind of regulation can mitigate it.

 

The summer school will comprise six courses of 3 lectures each. The school is targeted for graduate students and young researchers interested in the theme of the program, and who have some background in probability, stochastic calculus and applied mathematics. 

The six courses will be given by