Department of Mathematics and Statistics at the Faculty of Science
University of Calgary
UofC Navigation
Modelling financial networks and systemic risk
Submitted by rmmoffat on Fri, 01/27/2012 - 10:45am.
Feb 3 2012 - 2:00pm
Feb 3 2012 - 3:30pm
Speaker:
Tom Hurd (Professor of Mathematics, McMaster University, Hamilton, ON, Canada)
Location:
SH 268The study of "contagion" in financial systems, that is, the spread of defaults through a system of financial institutions, is very topical these days.
In this talk I will address how mathematical models can help us understand systemic risk. After reviewing the basic economic picture of the financial system as a random graph, I will explore some useful "deliberately simplified models of systemic risk".