Professor speaks at European Central Bank

Professor Reimer Kuehn of the Disordered Systems Group was invited to present his work on the the influence of Credit Default Swaps (CDS) on systemic risk at the 2nd conference of the Macro-Prudential Research Network (MaRs) at the European Central Bank in Frankfurt, October 30-31 2012.

MaRs, an internal network for macro-prudential research, was launched in Spring 2010 by the European System of Central Banks, which consists of the 27 European Union (EU) national central banks and the ECB.

The mandate of MaRs is to develop core conceptual frameworks, models and tools that provide research support in order to improve macro-prudential supervision in the EU.

The network has been conducting research in the areas of
* Macro-financial models linking financial stability and the  performance of the economy
* Early warning systems and systemic risk indicators
* Assessing contagion risks

You can read more about the MaRs network  on their webpages.

Reimer Kuehn's work to be presented at the conference deals specifically with the influence of CDS on contagion, and constitutes the first model to analyse such contagion effects at a systemic macro-economic level. His risk modelling webpage has further details.