A Business Forum with Nobel Laureate Professor Robert Merton

Thursday, 31 October 2013  Features

The Institute of Global Finance​ (IGF), in collaboration with PwC and Finsia, will be holding a "Business Forum on Global Systemic Risk and Global Financial Stability" on Friday 8 November in the Sydney CBD. A highlight of this forum will be a keynote lecture by Nobel Laureate Professor Robert Merton from the MIT (and a Senior Fellow at the IGF.

The title of his address is "On a New Approach for Analysing and Managing Macro-financial Risk, and Risk and Performance Measurement in Asset Management".

In this, Nobel Laureate Robert Merton discusses the interconnectedness of global markets, major corporations and the need for policy integration and more financial innovation in the 21st century. He said "the systems that constitute the global financial landscape have become increasingly interconnected since the financial crisis, but policy makers have lagged behind the trend and still manage monetary, fiscal, and financial stability policies in isolation."

Professor Robert Merton is the MIT Sloan School of Management Distinguished Professor of Finance. Prior to this, he was the George Fisher Baker Professor of Business Administration (1988-98) and the John and Natty McArthur University Professor (1998-2010) at Harvard Business School. He previously served on the finance faculty of MIT Sloan from 1970 to 1988. He is currently resident scientist at Dimensional Fund Advisors, where he is developing a next-generation, integrated pension-management solution system that addresses the deficiencies associated with traditional defined-benefit and defined-contribution plans.

Professor Robert Merton received the Alfred Nobel Memorial Prize in Economic Sciences in 1997 for a new method to determine the value of derivatives. His research focuses on finance theory, including lifecycle finance, optimal inter-temporal portfolio selection, capital asset pricing, pricing of options, risky corporate debt, loan guarantees, and other complex derivative securities.

More information is available on the website of the Institute of ​Global Finance