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Our popular course Introduction to QuantLib Development will be taking place June 18-20th, 2018.

 


Market complexity also makes for instability

Tue, 11 Apr 2017 08:36:13 GMT

Since the financial crisis of 2008, an explosion of research has aimed to understand what makes financial markets prone to sporadic crises. The potential sources of trouble are many, including debt and leverage, financial concentration and the problem of “too big to fail,” as well as perverse incentives for bankers to take on large risks. Markets go wrong in any of a thousand ways, and, unfortunately, it seems that understanding each one requires intimate familiarity with the fine details of...