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What is Default and When is the Recovery
Mon, Jan 26, 2009 @ 02:15 PM - 03:15 PM
Daniel J. Epstein Department of Industrial and Systems Engineering
University Calendar
Mathematical Finance Colloquium Title: "What is Default and When is the Recovery?"Speaker: Professor Xin Guo, Department of Industrial Engineering and Operations Research, University of California, BerkeleyWhen: Monday, January 26, 2009, 2:15--3:15 PMWhere: KAP 249Abstract: The recent financial crisis makes some quickly blame the general community of mathematical finance. Our recent empirical studies, the first of its sort to use distressed debt prices to estimate recovery rates at default, suggests something quite different. For example, the study implies that even the basic definition of "default" may need to be reconsidered.This is a joint work with Robert Jarrow of Cornell, and Haizhi Lin of Crédit Suisse-First BostonHosted by the Mathematical Finance Program
Location: Kaprielian Hall (KAP) - 249
Audiences: Everyone Is Invited
Contact: Georgia Lum
