Saturday, July 9, 2011

Those Fascinating Financial and Social Networks

In 1997, I co-authored the book, Financial Networks: Statics and Dynamics, with Stavros Siokos, a former PhD student of mine, who has had a meteoric career in finance.

Since that book, my students, collaborators, and I have conducted a lot of research on this topic, and have advanced the state-of-the-art to include electronic finance within a network framework, financial networks with intermediation, financial risk and node and link vulnerability, and even the integration of financial networks with social networks.

Now, for the drumroll!

Speaking of the reality of social networks and financial networks, The New York Times has announced that the Deutsche Bank will be announcing its new leader this weekend, and, of the finalists. is Anshu Jain. Jain received an MBA from our School of Management at UMass Amherst (which I had mentioned in an earlier blogpost).

Plus, I heard today from one of my former colleagues at the Isenberg School of Management, Sheila Bair, who recently stepped down as the Chairwoman of the FDIC in Washington DC, and whose headship and leadership of that agency for 5 years has been heavily covered and lauded in the press. As of September 2011, she will begin her new position at The Pew Charitable Trusts in Washington DC.

You can read the interview with Ms. Bair conducted by Joe Nocera of The Times here.