Workshop I: Systemic Risk and Financial Networks

March 23 - 27, 2015

Overview

The recent financial crisis has highlighted the importance of the stability of the financial system as a whole and the FMWS1 Poster Imageinterconnectedness of its components, prompting new research efforts directed at understanding the key determinants of the structure and stability of the network(s) underlying the financial system and the mechanism which govern the onset of systemic risk and the propagation of distress propagation across financial markets and institutions. This interdisciplinary workshop will bring together mathematical scientists, economists and regulators who have made key contributions to the recent research efforts for explaining, monitoring or regulating systemic risk. Capital requirements, central clearing, default contagion through insolvency and illiquidity, and nonlinear feedback effects are some of the proposed key elements of recent models and will be discussed in the workshop.

This workshop will include a poster session; a request for posters will be sent to registered participants in advance of the workshop.

Organizing Committee

Rama Cont (Imperial College)
Jean-Pierre Fouque (University of California, Santa Barbara (UC Santa Barbara), Statistics and Applied Probability)
George Papanicolaou (Stanford University, Mathematics)