The Complexity Science Approach to the Financial System

Complexity science provides new ways of modelling the financial system as a complex system. It challenges dominant views of linearity, predictability, and responsibility in finance. On the philosophical side, this could have implications for how we think about morality in financial markets. On the policy side, the complexity approach could require a rethinking of how … Continue reading The Complexity Science Approach to the Financial System

Risk in Finance

What kinds of risk are there in the financial system, and how should financial regulators deal with them? Complex financial systems create credit and enable businesses, households, and states to share risks, but they are also prone to financial crises. Financial regulators seeking to achieve financial stability need to assess systemic risks in the financial … Continue reading Risk in Finance

The Philosophy and Economics of Sovereign Debt

In dem Seminar geht es um die Verantwortung von Schuldnern und Kreditgebern in Staatsschuldenkrisen . Dabei dient die derzeitige Europäische Schuldenkrise zwar als zentrales Beispiel, wir werden jedoch auf zahlreiche andere Staatsschuldenkrisen eingehen. Ziel des Seminars ist es, empirisch mit den Studierenden die polit-ökonomischen Ursachen und Kosten von Staatsschuldenkrisen zu erarbeiten und diese mit philosophischen … Continue reading The Philosophy and Economics of Sovereign Debt