Category Archives: Systemic Risk

Prof. Robert Engle Discusses Recent “Flash Crash” Arrest

In a recent article on Reuters, Professor Robert Engle shared his perspective on the arrest of Navinder Singh Sarao, a UK trader who is though to be responsible for the 2010 “flash crash.” In this crash on May 6th, 2010, almost $1 … Continue reading

Posted in Market Risk, Systemic Risk | Tagged , , , | Leave a comment

Prof. Nouriel Roubini Discusses a Greek Exit from the Euro

In a recent interview with Bloomberg Business, Professor Nouriel Roubini discussed the implications of the “Grexit,” or what the Greek exit from the euro would look like. Professor Roubini described the exit as a “massive contagion” that would highly stress other … Continue reading

Posted in Sovereign Risk, Systemic Risk | Tagged , , , , , | Leave a comment

Prof. Robert Engle Discusses the NYU Stern Systemic Risk Rankings

In a recent article on the International Business Times, NYU Stern Professor Robert Engle discussed banking stress tests and the NYU Stern Systemic Risk Rankings. Following the first round of the Federal Reserve’s annual stress tests last week- in which an unprecedented 31 … Continue reading

Posted in Systemic Risk | Tagged , , , , , | Leave a comment

Nobel Laureate Robert Engle Delivers Inaugural “Gallatin Lecture Series on Banking”

NYU Stern Professor and Nobel Laureate Robert Engle delivered the inaugural session of the Gallatin Lecture Series on Banking, the first of four lectures jointly hosted by NYU Stern and The Clearing House. His presentation, titled Prospects for Financial Stability, drew … Continue reading

Posted in Systemic Risk | Tagged , , , , | Leave a comment

Prof. Ian Bremmer on “How to Lead in Ambiguous Times”

In a recent opinion editorial on Strategy + Business, NYU Stern Global Research Professor Ian Bremmer discussed how businesses can succeed in a time of geopolitical turbulence and an uncertain economic future. Professor Bremmer explained three strategies for decision making that … Continue reading

Posted in Behavioral Finance, Systemic Risk | Tagged , , , , , , , , | Leave a comment

NYU Stern Volatility Institute Launches at NYU Shanghai

NYU Shanghai is celebrating the launch of the Volatility Institute at NYU Shanghai. The Volatility Institute at NYU Shanghai, located at the NYU Shanghai Pudong Academic Building in the heart of Liujiazui, Shanghai’s financial center, aims to create opportunities for … Continue reading

Posted in NYU Stern, Systemic Risk | Tagged , , , , | Leave a comment

Benchmarking the European Central Bank’s Asset Quality Review and Stress Test: A Tale of Two Leverage Ratios

The following is an excerpt from a recent paper written by NYU Stern Professor Viral Acharya and Sascha Steffen: In November 2014, the ECB published its asset quality review (AQR) and comprehensive assessment (ECB 2014), as well as capital shortfall … Continue reading

Posted in NYU Stern, Systemic Risk | Tagged , , , , | Leave a comment

NYU Stern Professor Nouriel Roubini Argues that the US is Keeping the Global Economy Afloat

The following is an excerpt from an op-ed titled “The Single-Engine Global Economy” by NYU Stern Professor Nouriel Roubini on Project Syndicate: The global economy is like a jetliner that needs all of its engines operational to take off and … Continue reading

Posted in Market Risk, NYU Stern, Systemic Risk | Tagged , , , , | Leave a comment

Professor Viral Acharya’s Research on Eurozone Stress Testing is Highlighted

The following is an excerpt from the Financial Times: Last week, 25 banks failed the asset quality review (AQR) conducted by the European Central Bank for 130 of the eurozone’s largest banks. In the stress test performed by the European … Continue reading

Posted in NYU Stern, Sovereign Risk, Systemic Risk | Tagged , , , , , , | Leave a comment

“The End of Market Discipline? Investor Expectations of Implicit Government Guarantees” by Professor Viral Acharya

Professor Viral Acharya and his co-authors, Deniz Anginer of Virginia Tech and the World Bank and A. Joseph Warburton of Syracuse University, find that bondholders of major financial institutions have an expectation that the government will shield them from large … Continue reading

Posted in Credit Risk, Market Risk, NYU Stern, Systemic Risk | Tagged , , , | Leave a comment