David K.A. Mordecai, President of Risk Economics, participated in the International Organization of Financial Engineers (IAFE) Liquidity Risk Committee panel entitled Liquidity Risk, Systemic Risk, and Market Risk. David K.A. Mordecai was the moderator of the event, with discussant Tobias Adrian, Federal Reserve Bank of New York, and panelists Roy Henrikkson, Advanced Portfolio Management and Steve Allen, New York University. The event was held on April 25, 2007, and hosted at Goldman Sachs in New York City.
This event sought to discuss the following questions:
- What is systemic risk?
- What is the relationship between liquidity risk and systemic risk?
- What is the relationship between market risk and liquidity risk?
- When and how does volatility increase (decrease) liquidity risk?
- How does liquidity affect volatility?
The Liquidity Risk Committee (LRC) attempts to bridge the gap between different concepts of liquidity by organizing and sponsoring forums for discourse among academics, practitioners, and policy makers, and to promote the cultivation and dissemination of applied research relating to all aspects of liquidity risk that affect the stability and function of financial markets and institutions. The LRC is comprised of academics, practitioners, and policymakers involved in researching liquidity risk and its effects on market stability within the context of diverse institutional and industry settings, and in relationship to public policy.
David Mordecai is President and Co-Founder of Risk Economics, a New York City based advisory firm. Risk Economics specializes in the application of computational economics to the proprietary development and scalable implementation of robust modeling and data analytic frameworks for valuation, strategic and systemic risk analysis, and dynamic asset-liability management.
