The ongoing research on the impact of liquidity is headed in the right direction and calls for a collective effort to save the world another financial crisis. Prof. Engle would like to see a better risk measure that can give an estimate over a much longer horizon rather than a day ahead measure like VaR. I'm just thrilled by that knowing that the future holds uncertainty.
The ongoing research on the impact of liquidity is headed in the right direction and calls for a collective effort to save the world another financial crisis. Prof. Engle would like to see a better risk measure that can give an estimate over a much longer horizon rather than a day ahead measure like VaR. I'm just thrilled by that knowing that the future holds uncertainty.
Fantastic thoughts by Prof. Engle.