Nobel laureate Robert C. Merton challenges traditional models used by investors to measure sovereign and financial system credit risk, while proposing an alternative framework.

The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment profession.

Note: Due to the length of this interview only the first part of it was used to create this Take 15 episode. If you would like to watch the episode in its entire, uncut form please click here.