Bob Kerrey - Bob Kerrey is president of The New School in New York City.
For twelve years prior to becoming president of The New School, Bob Kerrey represented the State of Nebraska in the United States Senate. Before that, he served as Nebraska's governor for four years.
Bob Kerrey is the author of When I Was A Young Man: A Memoir, published by Harcourt Books (May 2002). He served as a member of the National Commission on Terrorist Attacks upon the United States, currently leads a five year writing challenge sponsored by The National Commission on Writing in America's Schools and Colleges, and is co-chair with Newt Gingrich of The National Commission for Quality Long-Term Care.
Salih Neftci - Salih Neftci teaches courses on financial economics at the Graduate Faculty at The New School, and is involved in several research groups at the Center for Economic Policy. He is currently at the Graduate School of City University of New York and also has teaching assignments at HEC, Lausanne University. Professor Neftci is the Head of FAME Certificate program and is a visiting professor at the ISMA Centre, Reading University. He is a leading faculty in courses directed towards advanced market professionals.
Global Finance - Credit Crises of Central Banks: Future Risks with Salih Neftci.
The crisis of summer 2007 involved hugely successful financial instruments and new markets. These were from the credit sector, which has been the center of financial innovation since 2000. How did such liquid markets and successful instruments create so much volatility all of a sudden? Financial engineering explanations of this puzzle have been put forward, but the real answer lies not in finance but in monetary policy.
In this talk, presented by Bob Kerrey, President of The New School, Professor Salih Neftci, director of the Global Finance master's program at The New School for Social Research, discusses these major innovations and the way monetary policy has shaped the dynamics of this crisis- The New School