About 200 scholars and economic market leaders gathered at NYU Shanghai for the The Volatility Institute at NYU Shanghai (VINS)’s Fourth Annual Volatility Institute Conference on November 17. The conference, co-organized with the China Academy of Financial Research and China Financial Futures Exchange brought participants together for panel discussions and research presentations related to the conference’s theme, “Financial Implications of Geopolitical Risks,” as the geopolitical shocks of the past few years have become a major driver of global market volatility.
The all-day event started early, with opening remarks from Vice Chancellor Jeffrey Lehman. One of the two keynote speakers, Robert Engle, 2003 Nobel Laureate in Economics, director of the Volatility Institute at NYU and VINS advisory board member, proposed a three-step action plan that could help the Chinese market mitigate the geopolitical stress that it is currently suffering from. “Reduce debt,” “reassure investors,” and “reopen trade negotiations” were the three strategies Engle suggested.
Keynote speaker Eric Ghysels, Edward Bernstein Distinguished Professor of Economics at UNC Kenan-Flagler Business School, shared his study on artificial intelligence as investment advisors and its potential for the future.
During the afternoon panel session, Professor Xin Zhou, Executive Director of the Volatility Institute at NYU Shanghai, moderated a panel discussion on the Trade War and Financial Market,with four finance practitioners: Jianye Wang, Director of Volatility Institute and Professor and Dean, Guangzhou Institute of International Finance; Yu Shao, Chief Economist, Assistant of President of Orient Securities Company Limited; Xiaogang Zhang, Executive Vice President of China Financial Futures Exchange; Hua He, Practice professor of Cheung Kong Graduate School of Business of Finance, Founder and CEO of Nine Martingale Investment Management Partnership of Shanghai.
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About the Volatility Institute at NYU Shanghai
NYU Shanghai opened the Volatility Institute at NYU Shanghai in November 2014. Located at the NYU Shanghai Pudong Academic Building in the heart of Liujiazui, Shanghai’s financial center, it aims to create opportunities for research focused on both the Chinese and global financial markets. It also seeks to facilitate collaboration and community building among marker participants and academic researchers by offering timely financial information and analysis. The Volatility Institute at NYU Shanghai operates in close partnership with and as an extension of the Volatility Institute at NYU Stern School of Business, under the direction of Nobel Laureate and volatility expert Robert Engle and with generous support from the Pudong Institute of Finance and NYU Shanghai.