The strongest, but also most volatile, factor affecting risk attitudes is loss aversion (“losses loom larger than gains”). It was given its proper place in decision theory by Daniel Kahneman. Most risks we face are new, with no past statistics available (ambiguity). This two-day conference...

Topics: - Financial innovations in mortgage markets - Transmission of credit shocks - Subprime lending - Housing and credit in DSGE models - Housing and the macro economy - Determinants of house prices or mortgage lending - House prices in monetary policy strategies - Lessons from the credit crisis

The Congress will address and examine the government's impact on markets. Under a new administration, there will be great debate over Japan’s fiscal health and policies. Japanese banks will also come under the Euromoney microscope to decide whether collectively they have the ability to support...

The three dimensions of stability - the macro, meso and micro perspective – are interdependent in that the one cannot exist without the other. This interdependency is reflected in the structure of the 28th SUERF Colloquium, which is organised in three commissions. Commission 1: The End of the...

This workshop may be considered as the 4th in a series of workshops dedicated to Lévy processes and their applications in Mathematical Finance. Recent years have witnessed great interest in financial models based on Lévy processes as possible alternatives to the traditional Black-Scholes model...

Specific topics of interest are: - Can market crashes be predicted? - What is the role of financial innovation and regulation? - What are the incentives for proper risk management and the management of systemic crisis prevention under the current regulatory framework? - Which type of crashes in...