Half-baked thoughts on money, finance, and economics.
Monday, December 8, 2008
systemic risk
Banks should be required to sell short large baskets of each others' securities so as to reduce the correlation of their own likelihood of failing with that of other banks in the system.
My name is Dean Jens. I was born and raised in Iowa, though not consecutively. I have degrees in math, physics, and economics, and worked as a computer programmer and pricing credit derivatives. I have been heavily involved in Sacred Harp singing and contradancing, and have run two marathons. I am married (since 2010) and a father (since 2011).
No comments:
Post a Comment