7th Bank of Finland Simulation seminar

The Bank of Finland’s simulation seminar was organized for the 7th time on 24-26 August 2009. I thought both the talks and the discussions on the agenda this year were of high quality. I presented some work done together with Marco Galbiati on central counterparties and the topology of clearing networks. The conference covered analysis on new systems or system changes (Nikil Chande, Edward Denbee, Katzeteru Tao, Tomohiro Ota), stress testing (Jennifer Hancock, Horatiu Lovin and Andra Pineta), bank behavior during the crisis (Richard Heuver), money markets (Luca Arciero), methodological issues (Tuomas Nummelin and Matti Hellqvist) and a new approach of using experimental economics to understand the ‘games’ that can take place in payment settlement (Ronald Hejmans). The organization was impeccable once again. I’m looking forward for next year. Its one of the few annual events that attract both policy makers and researchers to discuss financial infrastructure issues.


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