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Professor Avgouleas' new book launched at the IMF/World Bank Annual Meetings in Washington DC

Tue 12 November 2019

Prof Emilios Avgouleas at book launch conference

Profesor Emilios Avgouleas’ new book Systemic Risk in the Financial Sector 10 Years After the Global Financial Crisis (co-author & co-editor) was launched at the annual International Monetary Fund (IMF)/World Bank Meetings in Washington DC on 18 October 2019.

The morning workshop held at the IMF premises, was organised by the leading north-American think tank The Centre for Innovation in International (CIGI), which also sponsored the corresponding conference at the Toronto Stock Exchange on 24 May 2018.

Both the conference and the ensuing book have attracted contributions from leading economists such as M. Hellwig (Max Planck), J. Genakoplos (Yale), C. Goodhart (LSE), A. Admati (Stanford), D. Masciandaro (Bocconi), policy-makers from the ECB and the US Federal Reserve and acknowledged law and finance experts including H. Jackson (Harvard), R. Romano (Yale), K. Judge (Columbia), G. Ferrarini (ECGI) and the co-editors Avgouleas, Arner (HKU), Schwarcz (Duke), and Busch. Thus, the collection offers uniquely interdisciplinary perspectives on the thorny problem of systemic risk.

The launch meeting was attended by leading policy-makers who presented the book alongside co-editors Prof. Avgouleas and Prof. Scwarcz. The debate continued at the George Washington University whose Centre for Business Law organised a special workshop on systemic risk and the challenges ahead to celebrate these leading publication.

As the principal force behind the conference and the volume Emilios gave keynote addresses at both meetings, mainly focusing on lessons missed such as risk substitutability from the shadow banking sector, and the riddle of provision of liquidity in resolution.

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