Alumni

Nobel Prize Winner Economic Sciences, Professor Roger Myerson, The Bankers' New Clothes

Finance Roundtable

January 17, 2019: 6:00 PM - 8:00 PM

Professor Myerson will discuss: 

Moral Hazard Credit Cycles

Liquidity Crises

Systemic Risk

The Lender of Last Resort

Bank Regulation

Asymmetric-Information / Adverse Selection

Keynes 

 

Where

Gleacher Center
Room 100
450 Cityfront Plaza Dr.
Chicago, Illinois

Event Details

Regarding banking regulation:

Should any security be labeled "safe"(AAA rated mortgage backed securities, sovereign debt in the euro zone, etc.)?  

Should Regulators use risk-weighted capital adequacy formulas, a bank's own risk models, or both?

What do citizens need to know about what accounting standards bank regulators should apply to ensure regulatory reforms are effective?  How do we keep regulators accountable?

Should we elimate off balance sheet liabilities?  

Why do banks have an incentive to use debt financing?  Should we require equity financing?

What is the single most effective way to ensure that a bank's owners have an incentive to manage its risks prudently?

Cost

$7 in advance, $10 at door if available

Registration

Register Online

Deadline: 1/15/2019

Program

6:00 PM-6:30 PM: Cocktail Reception

6:30 PM-7:30 PM: Myerson Presentation

7:30 PM-8:00 PM: Q & A

Speaker Profiles

Roger B. Myerson (Speaker)
The David L. Pearson Distinguished Service Professor in Economics and the College, University of Chicago
https://economics.uchicago.edu/directory/roger-b-myerson

Myerson is the author of Game Theory: Analysis and Conflict (1991).  

Myerson won the 2007 Nobel Memorial Prize in recognition of his contributions to mechanism design theory, which analyzes rules for coordinating economic agents efficiently when they have different information and difficulty trusting each other. 

In game theory, Myerson introduced refinements of Nash's equilibrium concept, and he developed techniques to characterize the effects of communication among rational agents who have different information. 

Questions

John Salvino, '06 
Partner