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VERSION:2.0
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CALSCALE:GREGORIAN
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BEGIN:VEVENT
DTSTAMP:20261020T074256Z
LAST-MODIFIED:20131126T222811Z
DTSTART:20131204T203000Z
DTEND:20131204T213000Z
UID:event1194@bu.edu
URL:http://physics.bu.edu/internal/events/show/1194
SUMMARY:Statistical Physics Approach to Financial Networks
DESCRIPTION:Featuring Adam Avakian\n\nPart of the Preliminary Oral Exam.\n\
	nExamining Committee:\n\nH. Eugene Stanley \nTulika Bose\nWilliam Skocpol\n
	Plamen Ch. Ivanov\n\nAbstract: Interconnectedness in bank networks can be t
	hought to\nbe both good and bad. On the one hand\, more connections means m
	ore\npathways through which failure can spread. On the other hand\, more\nc
	onnections also means a sharing of the financial burden when one node\nfail
	s. We propose a model in which the largest 2000 firms in the world\nreprese
	nt the nodes of a bank network linked by credit\nexposure. Using Monte Carl
	o methods\, we find that the more links among\nthe network of firms\, the g
	reater the risk of failure across the network\,\nresulting in economic disa
	ster. We also propose potential controls on the\nmodel\, akin to financial 
	regulations\, which could lower the risk of\nsystemwide failure.\n\n![Adam]
	(/resources/event-image/1194/a7346a4_small)
LOCATION:PRB 261\, 3 Cummington Mall\, 02215
STATUS:CONFIRMED
CLASS:PUBLIC
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