Economies with Financial Frictions: A Continuous Time Approach

Speaker: Yuliy Sannikov

Date: Wed, Jul 23, 2014

Location: PIMS, University of British Columbia

Conference: The Economics and Mathematics of Systemic Risk and Financial Networks

Subject: Mathematics, Econometrics, Applied Mathematics

Class: Scientific


The recent financial crisis has made obvious the need for models of financial stability. These three lectures will cover recent advancements in the modeling of crisis episodes, with particular emphasis on the use of continuous-time methods which make these models more tractable. Useful background reading includes the following