Robert Engle on CNBC Discusses Systemic Risk in the Global Economy

Robert Engle NYU Stern

NYU Stern Professor Robert Engle, 2003 Nobel Laureate in Economics, discusses why Japan poses the biggest systemic risk to the global economy.

Engle argues that the Fiscal Cliff is not the only problem for the US economy, but the looming situation in Europe could be just as damaging. Engle notes that Japan is the most systemically risky country in the global economy, with the United States not far behind. Watch Robert Engle on CNBC’s Squawk Box.


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