Center launches new working paper series with financial stability conference papers

September 13, 2016

The Center on Finance, Law, and Policy is pleased to announce the creation of a new Working Paper series, by releasing six working papers produced by scholars as a result of the Center’s 2015 “Interdisciplinary Approaches to Financial Stability” conference held in Ann Arbor, Michigan on October 22-23, 2015.

The Financial Stability conference brought together more than 250 regulators, policymakers, financial market participants, and academic researchers from a broad range of disciplines to explore how methods from diverse fields, such as system analysis, agent-based modeling, and data visualization and security, can be used to better identify, measure, monitor, and mitigate risks in the financial system. The conference also examined how risk is measured, monitored, and mitigated in other sectors and contexts, such as in supply chains and electrical grids; how stakeholders make trade-offs between stability, efficiency, and innovation in these contexts; and how lessons from these contexts can be applied to the financial system.

The conference was co-hosted by the federal Office of Financial Research and the University of Michigan Center on Finance, Law and Policy, with support from the Smith Richardson Foundation, the University of Michigan College of Engineering, and the Ross School of Business.

As follow up to that Financial Stability Conference, the Center commissioned six working papers from leading scholars that draw on methods outside finance or apply lessons from non-financial contexts to increase understanding of risk in the financial system. The papers include: