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METHOD:PUBLISH
BEGIN:VEVENT
DTSTAMP:20160413T133233Z
DTSTART:20160413T150000Z
DTEND:20160413T163000Z
SUMMARY:Mitchell Centre Seminar Series
UID:{http://www.columbasystems.com/customers/uom/gpp/eventid/}n18n-ik8k2w
 fm-8b6ptf
DESCRIPTION:Daniel Tischer\, University of Manchester\n\nA networked anat
 omy of the CDO bubble\nIn the talk I will present our analysis of the em
 erging CDO market prior to 2008 using a network approach. Previous debat
 es of the crisis within the context of “bubble” have often rightly focus
 ed on demand aspects\, in particular on “manic” or “irrationally exubera
 nt” behaviour of traders and investors. Responding to this\, our network
  analysis adds a supply-side view of the CDO bubble by exploring the cha
 nges in the structural and relational characteristics of the market as e
 merging.\nNetwork analysis\, both as method and theory\, has already bee
 n used to explore the interconnectedness of markets\, for example to mod
 el intersecting ownership of assets\, risk concentration and financial f
 lows between financial intermediaries\, underlining the for network anal
 ysis tools to be employed in these contexts. Our analysis is based on da
 ta of 372 CDOs issued between 2001 and 2007. The analysis features both 
 longitudinal and static analysis.\nFindings highlight a surge in the num
 ber of suppliers after 2004\, not only fuelling demand\, but also creati
 ng a more complex\, less transparent network of actors seeking to benefi
 t from the boom in CDOs.
STATUS:TENTATIVE
TRANSP:TRANSPARENT
CLASS:PUBLIC
LOCATION:G6\, Humanities Bridgeford Street\, Manchester
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