Anatomy of Systemic Financial Risk
Contact Person: ,
Duration: 02/2016 - 01/2020
Funding: Swiss National Science Foundation
Website: external pageKick-off workshopcall_made
Description:
The research project will investigate systemic financial risk from the perspective of economics, ethics and political science. Its central goal consists in deepening our understanding of systemic financial risk in ways that are of use for public-policy makers, in particular as regards the regulation of financial markets. To do so, it brings together experts in economics, finance, political science and ethics from the University of Zurich’s Center for Ethics and its Institute for Political Science, the ETH Risk Centre and the ETH Department of Humanities, Social and Political Sciences. The project as a whole pursues four overarching goals: The first goal is to conceptualize the idea of systemic financial risk. The second is to improve our understanding of the causal pathways through which systemic financial risks take shape. The third is to explore the ethical foundations of regulating systemic financial risks. The resulting fourth goal consists in working towards regulative solutions to the problem of systemic financial risk which are both empirically robust and ethically sound.
Collaboration partners
- external page call_made Francis Cheneval
- chevron_right Dirk Helbing
- external page call_made Markus Huppenbauer
- chevron_right Didier Sornette
- external page call_made Stefanie Walter
- chevron_right Heinrich Nax
- chevron_right Olivia Woolley Meza
- chevron_right Jan Nagler
- chevron_right Kaj Kolja Kleineberg
Publications
Aguilar, L., Wijerathne, L., Jacob, S., Hori, M., and Ichimura, T. (2019). external pageMass evacuation simulation considering detailed models: behavioral profiles, environmental effects, and mixed-mode evacuationcall_made. Asia Pacific Management Review, 24(2), 114-123.
Takeuchi, S. and Aguilar, L. (2019, March). external pageLatent Mobility Pattern Estimation in the migration gamecall_made. In Proceedings of the 2019 2nd International Conference on Geoinformatics and Data Analysis (pp. 120-124).
Aguilar, L., Stefano B., and Helbing, D. (2019) external pageHow learning can change the course of evolutioncall_made. PloS ONE 14.9.
Kleineberg, K.-K. and Helbing D. (2018) external pageTopological enslavement in evolutionary games on correlated multiplex networkscall_made.
New Journal of Physics 20, 053030.
Frank Stollmeier and Jan Nagler (2018). external pageUnfair and anomalous evolutionary dynamics from fluctuating payoffscall_made. In: Phys. Rev. Lett. vol 120, issue 5.
Matthias Leiss, Heinrich H. Nax (2018). external pageOption-implied objective measures of market riskcall_made. Journal of Banking & Finance, Volume 88, Pages 241-249.
Malte Schröder, Nuno AM Araújo, Didier Sornette, and Jan Nagler (2017). external pageControlling percolation with limited resourcescall_made. In: Phys. Rev. E, vol 96, issue 6.
Matthias Leiss and Heinrich H. Nax (2017). external pageOption-Implied Objective Measures of Market Risk with Leverage.call_made In: Londoño J., Garrido J., Jeanblanc M. (eds) Actuarial Sciences and Quantitative Finance. ICASQF 2016. Springer Proceedings in Mathematics & Statistics, vol 214. Springer, Cham
Matthias Leiss (2017). external pageSuper-Exponential Bubbles and Expectations: Theory, Simulations and Empirics.call_made In: Ippoliti E., Chen P. (eds) Methods and Finance. Studies in Applied Philosophy, Epistemology and Rational Ethics, vol 34. Springer, Cham
Matthias Leiss, Heinrich H. Nax, and Didier Sornette. external pageSuper-exponential growth expectations and the global financial crisis.call_made Journal of Economic Dynamics and Control 55 (2015): 1-13.