Economics and Finance Program and Dean of the College Present
Systemic Risk Index: An Application of the Financial Instability Hypothesis
Wednesday, May 15, 2019
Olin Humanities, Room 102
4:45 pm – 5:45 pm EDT/GMT-4
4:45 pm – 5:45 pm EDT/GMT-4
Oleg Ivanets
Visiting Assistant Professor of Economics and Business, Drew University
This paper introduces the Systemic Risk Index (SRI), a single country-wide measure of systemic risk that can pinpoint problems at various financial markets which could develop if ignored into financial crises. SRI is based on the financial instability hypothesis of Hyman Minsky and, although it does not fully reflect all the ideas postulated in the hypothesis, it contributes to the literature on financial stability and monetary policy by providing an applied model of systemic risk. The model was applied to U.S. data from 1962 to 2016 and indicated significant accumulation of systemic risk prior to major recent financial crises like the global financial crisis in 2008 and the dot-com bubble in 2000.Visiting Assistant Professor of Economics and Business, Drew University
For more information, call 845-758-7075, or e-mail [email protected].
Time: 4:45 pm – 5:45 pm EDT/GMT-4
Location: Olin Humanities, Room 102