Risk Management

Read the report on "The Quantitative Revolution and the Crisis: How Quantitative Financial Models Have Been Used and Misused."

The Center on Japanese Economy and Business(CJEB) and The Program for Economic Research(PER) organized a conference titled "Coping with Crisis: Financial Policy in the U.S. and Japan" from 6:00 p.m. to 7:30 p.m. on Tuesday, November 10, 2009 at Columbia Business School. This was the inaugural event of CJEB's new program, "New Financial Architecture-Japan & the U.S."

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The Center on Japanese Economy and Business, Columbia Business School and the Program for Economic Research are organizing a conference on Tuesday, November 10, Coping with Crisis: Financial Policy in the U.S. and Japan. The speakers are Professors Heizo Takenaka of Keio University, Patrick Bolton of Columbia Business School, and Takatoshi Ito of The University of Tokyo. The conference will be held from 6:00 p.m. until 7:30 p.m. in Uris #301at the Columbia Business School, followed by a reception until 8:30 p.m.

Columbia Business School is pleased to announce eight new members have joined the faculty for the 2009-10 academic year.

Professor Robert Phillips has been awarded a grant by the Federal Deposit Insurance Corporation (FDIC) Center for Financial Research to study price-driven adverse selection in consumer lending.

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Among the keys to solving the current economic crisis are promoting bank recapitalization and stabilizing housing prices, speakers said.

In a candid discussion, Pandit attributed the recent economic turmoil to severe global imbalances and outlined the strategy for Citigroup’s recovery.