BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Department of Economics | IP Paris - ECPv5.1.3//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:Department of Economics | IP Paris
X-ORIGINAL-URL:https://econ.ip-paris.fr
X-WR-CALDESC:Events for Department of Economics | IP Paris
BEGIN:VTIMEZONE
TZID:Europe/Helsinki
BEGIN:DAYLIGHT
TZOFFSETFROM:+0200
TZOFFSETTO:+0300
TZNAME:EEST
DTSTART:20190331T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0300
TZOFFSETTO:+0200
TZNAME:EET
DTSTART:20191027T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20191007T001500
DTEND;TZID=Europe/Helsinki:20191007T133000
DTSTAMP:20260312T035244
CREATED:20190826T142533Z
LAST-MODIFIED:20190826T142533Z
UID:12302-1570407300-1570455000@econ.ip-paris.fr
SUMMARY:Matthew Jackson (Stanford University) - "What Makes Financial Networks Special? Distorted Investment Incentives\, Regulation\, and Systemic Risk Measurement"
DESCRIPTION:CREST Microeconomics Seminar :  \n\nTime: 12:15 pm – 1:30pm\nDate: 07th Oct. 2019\nPlace: Room 3001.\nMatthew Jackson (Stanford University) – “What Makes Financial Networks Special? Distorted Investment Incentives\, Regulation\, and Systemic Risk Measurement” joint work with Agathe Pernoud\n\nAbstract:\n“In a model of financial networks with both debt and equity interdependencies\, we show that financial organizations have incentives to: choose excessively risky portfolios; overly correlate their portfolios with those of their counterparties; and under-diversify in terms of choosing too few counterparties with whom to share risk. We also provide a measure of financial centrality in terms of how a given organization’s portfolio affects the values and defaults of other organizations. Additionally\, we characterize optimal regulation in terms of the use of reserve requirements versus bailouts\, and fully characterize the minimum bailouts needed to ensure systemic solvency.” \n\nOrganizers: \n\n\nRoxana Fernandez Machado (CREST)\, Marie Laure Allain (CREST)\, and Linda Schilling (CREST)\nSponsors:\nCREST\nLunch registration:\nfood provided\, no registration needed\n\n  \n
URL:https://econ.ip-paris.fr/event/matthew-jackson-stanford-university-what-makes-financial-networks-special-distorted-investment-incentives-regulation-and-systemic-risk-measurement/
CATEGORIES:Microeconomics
END:VEVENT
END:VCALENDAR