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Suggested Citation:"Appendix C: About the Rapporteurs." National Research Council. 2007. New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press. doi: 10.17226/11914.
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Page 107
Suggested Citation:"Appendix C: About the Rapporteurs." National Research Council. 2007. New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press. doi: 10.17226/11914.
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Page 108

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Appendix C About the Rapporteurs John Kambhu is a vice president in the Financial Intermediation Func- tion of the Research and Statistics Group of the Federal Reserve Bank of New York, where he has worked since 1988. He focuses on issues relating to market liquidity, risk management, financial derivatives, and public disclosure of market and credit risks. Prior to joining the Bank, John was an assistant professor of economics at Columbia University. He received a Ph.D. in economics from New York University in 1981. Scott Weidman is the director of the National Research Council’s Board on Mathematical Sciences and Their Applications. He joined the NRC in 1989 with the Board on Mathematical Sciences and moved to the Board on Chemical Sciences and Technology in 1992. In 1996, Scott established a new board to conduct annual peer reviews of the Army Research Labora- tory, which conducts a broad array of science, engineering, and human factors research and analysis, and he later directed a similar board that reviews the National Institute of Standards and Technology. Scott has been with the BMSA full-time since June 2004. During his NRC career, he has staffed studies on a wide variety of topics related to mathematical, chemical, and materials sciences, laboratory assessment, risk analysis, computational science, and science and technology policy. His current focus is on building up the NRC’s capabilities and portfolio related to all areas of mathematical analysis and computational science. Scott holds bachelor’s degrees in mathematics and materials science from Northwest- 107

108 NEW DIRECTIONS FOR UNDERSTANDING SYSTEMIC RISK ern University and an M.S. and a Ph.D. in applied mathematics from the University of Virginia. Neel Krishnan received a B.A. in economics and anthropology from Columbia University in 2005. He is currently a research associate in the Capital Markets Function of the Research and Statistics Group of the Fed- eral Reserve Bank of New York.

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The stability of the financial system and the potential for systemic events to alter its function have long been critical issues for central bankers and researchers. Recent events suggest that older models of systemic shocks might no longer capture all of the possible paths of such disturbances or account for the increasing complexity of the financial system. To help assess these concerns, the Federal Reserve Bank of New York and the NRC cosponsored a conference that brought together engineers, scientists, economists, and financial market experts to promote better understanding of systemic risk in a variety of fields. The book presents an examination of tools used in ecology and engineering to study systemic collapse in those areas; a review of current trends in economic research on systemic risk, the payments system, and the market of interbank funds; and for context, descriptions of how systemic risk in the financial system affects trading activities.

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