Professor Robert Engle Bernoulli Lecture - Systemic Risk with Endogenous Cycles   01 June 2017

17:15 - 18:15


Robert Engle, New York University Stern School of Business

When financial institutions are undercapitalized they are not only vulnerable to external shocks, but they may inadvertently generate such shocks. When financial institutions act to improve their capital structure, they may induce exactly the financial crisis that regulation seeks to prevent. The economics of systemic risk cycles will be discussed along with empirical evidence. The cycles can be observed in both the downward and upward direction. From this point of view we can develop a measure of the distance to crisis as a way to assess how close an economy is to a financial crisis.

1 June 2017 - Anthropole - Room 1031 (Unil campus)

This is a CIB-EPFL and the Faculty of Business and Economics (HEC Lausanne) - Unil joint event.

Robert Engle short biography.

Name University Dates of visit
Robert Engle New York University Stern School of Business 01/06/2017 - 01/06/2017
Total Guests : 1
Name University Dates of visit
Total Guests : 0
Conference in Honor of the 70th Birthday of Tudor Ratiu, 20 to 24 July 2020.
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