[Game Theory Reading] Re: Reading: (Thu, 18 June, 1; 15pm) Systemic Risk in Financial Networks

[Dengji Zhao]

Dear all,

Laurie's talk is today at 1:15pm.

Cheers,
Dengji

On 15 June 2015 at 10:43, Dengji Zhao <d.zhao at soton.ac.uk> wrote:

> Dear all,
>
> In this Thursday's game theory reading group, AIC PhD candidate Laurie
> Carver will talk about his research on regulation of systemic risk in
> financial networks.
>
> Time/Venue: 18 June, 1:15pm - 2:00pm / B32 3073
>
> Online participation: http://goo.gl/bTKsje
>
> Title:
> Regulation of systemic risk in financial networks
>
> Abstract:
>
> The financial crisis of 2008 cost the UK, US and some EU governments
> several trillion dollars in public "bail out" subsidies. It was so bad and
> so broad because of "systemic risk" - the network of debt interlinking bank
> balance sheets allowed for the contagion of losses between them. Some
> attempts to tax banks' systemic riskiness have been proposed, to try to
> ensure they pay more of the costs of future bail outs. But which tax is
> best depends on how the network will react to it, and there are at present
> no good models for analysing that. I am developing one, based on
> multilateral bargaining games - with the principal twist being the network
> effect means the bargaining set is not convex, so standard solutions like
> the Nash solution should not be naively applied.
>
>
>
> To access all previous talks:
> https://sites.google.com/site/sotonecsreadinggroups/resources
>
> Best,
> Dengji
>
>
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