The appropriate use of risk models: Part II
June 17, 2011
Financial risk models have been widely criticised for both theoretical and practical failures, especially during the recent financial crisis. In the second of two columns, the authors outline why the shortcomings of risk models matter before making suggestions for how the financial industry and supervisors should use models in practice.
Published on VoxEU.org
The appropriate use of risk models: Part I
Models and risk
Bloggs and appendices on artificial intelligence, financial crises, systemic risk, financial risk, models, regulations, financial policy, cryptocurrencies and related topics© All rights reserved, Jon Danielsson,