understanding systemic risk
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understanding systemic risk
understanding, analysing and managing systemic risk
Curated by Sean Cleary
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Tech Leaders Predict 2013 Will Be All About Networks - Wall Street Journal (blog)

Tech Leaders Predict 2013 Will Be All About Networks - Wall Street Journal (blog) | understanding systemic risk | Scoop.it
Wall Street Journal (blog) Tech Leaders Predict 2013 Will Be All About Networks Wall Street Journal (blog) As is traditional at the start of the year, technology thought leaders are often asked to risk their reputations by making predictions about...
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Models for Financial Risk Are Still Seen as Flawed

Models for Financial Risk Are Still Seen as Flawed | understanding systemic risk | Scoop.it
The models used to assess financial risk are still flawed, according to a new report from a Treasury Department agency, the Office of Financial Research.
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This is Your Brain on Video Games (Infographic) : Discovery Channel

This is Your Brain on Video Games (Infographic) : Discovery Channel | understanding systemic risk | Scoop.it

An infographic on video games!

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cheyann keith's curator insight, February 27, 2014 12:56 PM

these video games have a different way of make ur brain work harder

Julien Duchateau's curator insight, March 17, 2014 4:58 AM

An infographic which show positive effects of video games on children.

James Nair's curator insight, March 27, 2014 11:07 PM

A detailed picture explaining what areas that different types of games can affect in the brain. It covers both the positive and negative aspects that games can have such as better reflexes, better problem solving or it can cause slight aggression and higher chance of being anxious. Overall gives a detailed explanation of how games can affect people, both positive and negative.

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Sustainability @ ASU

Sustainability @ ASU | understanding systemic risk | Scoop.it
The Global Institute of Sustainability is the hub of ASU's sustainability initiatives. The Institute advances research, education, and business practices.
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Resilience

Resilience | understanding systemic risk | Scoop.it

In times of upheaval, why do some people, communities, companies and systems thrive, while others fall apart?

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The Climate Change Tipping Point

The Climate Change Tipping Point | understanding systemic risk | Scoop.it
Have we reached a tipping point that signals a climate disaster? Scientists are bringing mathematical rigor to find out.
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Complexity of Climate Modeling - Components of a Climate Model - NCAR & UCAR News Center

Complexity of Climate Modeling - Components of a Climate Model - NCAR & UCAR News Center | understanding systemic risk | Scoop.it
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Living Cells Show How to Fix the Financial System

Living Cells Show How to Fix the Financial System | understanding systemic risk | Scoop.it
Over the past three decades, the global financial system has become more dynamic and interconnected, more concentrated and complicated than ever before.
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Analysis: Is the euro beyond salvation? Politics not economics to decide

Analysis: Is the euro beyond salvation? Politics not economics to decide | understanding systemic risk | Scoop.it
LONDON (Reuters)- Here's a nightmare for Europe's leaders to ponder as they prepare for yet another summit to tackle the euro zone crisis: a bond auction fails in Spain, spreading solvency worries to Italy...
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Economics: a discipline ripe for disruption

Economics: a discipline ripe for disruption | understanding systemic risk | Scoop.it
Editorial: In the years since the financial meltdown, it seems as if students are more serious than lecturers about pursuing its causes
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What one must add is that the complexity and scale of global economic and financial transactions, the magnitude of trades on any day in international forex markets, and major exchanges; the opacity of derivative instruments used routinely to hedge risks, and the character of the algorithms employed in ultra-high frequency trading, combine to make idealized propositions of rational choice exercised in order to maximize individual advantage irrelevant as a means of describing economic reality. Markets do produce efficient outcomes when they are complete and reasonably transparent, there is symmetry between risk and return, one price (with no arbitrage condition) prevails, and investors are rational and risk averse. But these are exceptional conditions, that bear little relationship to today's reality. As Jean-Claude Trichet (2010), the  head of he European Central Bank, observed:   “When the crisis came, the serious limitations of existing economic and financial models immediately became apparent. Arbitrage broke down in many market segments, as markets froze and market participants were gripped by panic. Macro models failed to predict the crisis and seemed incapable of explaining what was happening to the economy in a convincing manner… As a policy-maker during the crisis, I found the available models of limited help. In fact, I would go further: in the face of the crisis, we felt abandoned by conventional tools.”

    

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In New Year, Errors Mount at High-Speed Exchanges

In New Year, Errors Mount at High-Speed Exchanges | understanding systemic risk | Scoop.it
The United States’ 13 public stock exchanges have been competing to offer the fastest and most sophisticated trading software, creating more opportunities for technology errors.
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Complex Systems

Complex Systems | understanding systemic risk | Scoop.it
"Complex systems are those with many strongly interdependent variables. This excludes systems with only a few effective variables, the kind we meet in elementary dynamics. It also excludes systems with many ...
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A useful interoductory approach to the underlying principles.

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Managing Sustainability, Globally by Seán Cleary - The Globalist

Managing Sustainability, Globally by Seán Cleary - The Globalist | understanding systemic risk | Scoop.it

The disaggregation of the real and financial economies has caused a misallocation of finance away from the real economy. The mobility of capital, moreover, promotes the migration of industrial employment. Stagnant employment since the crisis has led to rising social stresses across the developed world. It has been easier for financial institutions to earn spreads by investing in emerging market sovereign debt, than by navigating through the shoals of new banking legislation in the United States. Meanwhile, we overproduce, overconsume, waste and pollute, in part because growth in GDP, as a measure of progress, encourages us to do so. A better measure of material well-being would be the level and distribution of consumption and income among households, and the stock and distribution of wealth in society. Beyond material stocks and flows, the quality of health, education, social ties, political voice and governance also shape and define the quality of life. We need to focus on these.

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The evolution of systemic risk :: FAnews

The evolution of systemic risk :: FAnews | understanding systemic risk | Scoop.it
South Africa's Premier Financial and Advisory News & Information Portal...
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‘Superorganisations’ – Learning from Nature’s Networks

‘Superorganisations’ – Learning from Nature’s Networks | understanding systemic risk | Scoop.it

This is a complete version of a ‘long-blog’ written by Al Kennedy on behalf of ‘The Nature of Business’ blog and BCI: Biomimicry for Creative Innovation www.businessinspired...

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Barclays’s LIBOR Corruption Scandal

Barclays’s LIBOR Corruption Scandal | understanding systemic risk | Scoop.it
If recent history has taught us anything, it’s that self-regulation doesn’t work in finance, and that worries about reputation are a weak deterrent to corporate malfeasance...
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The Conversion of a Climate-Change Skeptic

The Conversion of a Climate-Change Skeptic | understanding systemic risk | Scoop.it
The average land temperature on earth has risen 2.5 degrees Fahrenheit over the past 250 years — essentially all of it caused by human emission of greenhouses gases.
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Norms for Global Governance — Global Economic Symposium

Norms for Global Governance — Global Economic Symposium | understanding systemic risk | Scoop.it
The need to manage systemic global risks and to protect the global commons, points to the need for a better mechanism of global governance.
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