IFTA: Financial Cartography: Interconnections in Financial Markets

About the Presentation
As the finan­cial mar­kets beco­mes more com­plex, tra­di­tio­nal metho­do­lo­gies have fai­led and new ones aiming to under­stand the inter­con­nec­ted dyna­mics in finan­cial mar­kets are emer­ging. Dr. Kim­mo Sora­mä­ki will dis­cuss how Net­work Sci­ence can help map the deve­lo­p­ment of inter­con­nec­tions in finan­cial mar­kets and port­fo­li­os over time, and how this can be used to iden­ti­fy signals and mar­ket pha­ses. He will also show case stu­dies for US real-estate and Chi­na hard landing.

About the Presenter

Dr. Kim­mo Sora­mä­ki is the Foun­der of Finan­cial Net­work Ana­ly­tics (FNA) and the foun­ding Edi­tor-in-Chief of the Jour­nal of Net­work Theo­ry in Finance.

Kim­mo star­ted his care­er as an eco­no­mist at the Bank of Fin­land whe­re he deve­lo­ped in 1997 the first simu­la­ti­on model for inter­bank pay­ment sys­tems. In 2004 while at the rese­arch depart­ment of the Fede­ral Reser­ve Bank of New York, he was among the first to app­ly methods from net­work theo­ry to impro­ve our under­stan­ding of finan­cial sys­tems. During the finan­cial cri­sis of 2007-2008 Kim­mo advi­sed seve­ral cen­tral banks, inclu­ding the Bank of Eng­land and Euro­pean Cen­tral Bank, in mode­ling inter­con­nec­tions and sys­te­mic risk. This work led him to found FNA in 2010 to sol­ve important issues around finan­cial risk and for explo­ring the com­plex finan­cial net­works that play a con­ti­nu­al­ly lar­ger role in the world around us. Kim­mo holds a Doc­tor of Sci­ence in Ope­ra­ti­ons Rese­arch and a Mas­ter of Sci­ence in Eco­no­mics (Finan­ce), both from Aal­to Uni­ver­si­ty in Helsinki.

Kimmo’s rese­arch has focu­sed on mode­ling inter­con­nec­tions and inter­de­pen­den­ci­es in the finan­cial sys­tem, often through mode­ling or ana­ly­zing data available from finan­cial infra­struc­tures. He has published over 30 artic­les in peer-review­ed jour­nals in sta­tis­ti­cal mecha­nics and eco­no­mics, and in the working paper series of cen­tral banks. The­se artic­les have been cited in 1000+ aca­de­mic publi­ca­ti­ons. A full record of his rese­arch is available at Goog­le Scholar.