HIGHLIGHTS & LOWLIGHTS OF THE FINANCIAL MELTDOWN
Peter Ritchken, Ph.D. - Kenneth Walter Haber Professor and Chair, Department of Banking and Finance, Case Western Reserve University
Friday April 3, 2009
Crawford Hall - Room 9
Case Western Reserve University
So what is a credit default swap, anyway? How about a tranche? How is the current financial meltdown related to the Savings and Loan debacle of the 1980s? How did securitization get out of hand? How did some money market funds become unstable? Why is the current situation related to the period when it seemed like the United States might even pay off its federal debt?
These and other questions were addressed in a presentation that Professor Peter Ritchken gave for the Weatherhead School of Management, and that can be downloaded from youtube at http://www.youtube.com/watch?v=sqwk9yii91Y. For our discussion, he will select a few key points for understanding the current situation, and then we'll open it up for questions and discussion of what to do next.
As usual, we will gather in Room 9 of the Inamori International Center for Ethics and Excellence, on the lower level of Crawford Hall, for free cookies, beverages, and brown bag lunch.
About Our Guest
Peter Ritchken's current research interests are in pricing interest rate claims, implementing stochastic volatility option models, solving real option problems, asset pricing, banking regulation, and derivative contracts in supply chains. He has written several textbooks on derivatives, has served on the editorial board of a few journals and has published extensively in the risk management and derivatives area. He has consulted with large investment banks and brokerage firms, and has conducted executive education programs in the US, Europe, Asia and Australia. Professor Ritchken teaches MBA classes in Derivatives, Fixed Income and PhD classes in Quantitative Finance.
Friday Lunch Upcoming Topics and Speakers:
April 10: Exonerating the Innocent: The Impact of DNA Evidence. Paul Gianelli, Weatherhead Professor of Law, CWRU.
April 17: CWRU Students Report on the Election in El Salvador.
April 24: The Future of the Newspaper Industry. Lauren Rich Fine, Research Director for Content Next and formerly the lead analyst for publishing, information, advertising and online industries for Merrill Lynch.
The Friday Lunch discussions are held on the lower (ground) level of
Crawford Hall. Visitors with mobility issues may find it easiest to take advantage of special arrangements we have made. On most Fridays, a few parking spaces in the V.I.P. lot in between Crawford Hall and Amasa Stone Chapel are held for participants in the lunch discussion.
Visitors then can avoid walking up the hill to the first floor of Crawford by entering the building on the ground level, through the garage area under the building. The further door on the left in that garage will be left unlocked during the period before the Friday lunch. On occasion, parking will be unavailable because of other university events.
For more information about these and other Center for Policy Studies programs, please see http://policy.case.edu.