Seminar 217, Risk Management: Endogenous risk, indirect contagion and systemic risk

Risk Seminar
Feb 5, 2019 11:00am to 12:30pm
1011 Evans Hall
Happening As Scheduled
Deleveraging by financial institutions in response to losses may lead to contagion of losses across institutions with common asset holdings. Unlike direct contagion via counterparty exposures, this channel of contagion -which we call indirect contagion- is mediated through market prices and does not require bilateral exposures or relations.
Speakers: Rama Cont (Speaker - Featured)