This podcast episode explores the impact of the pandemic on risk modeling and market expectations, discussing adaptive models, increased volatility, and the role of asset owners in providing liquidity. It also delves into the need for risk models to adapt to changing markets and highlights the importance of resilience in companies. The episode concludes by examining the implications of globalization and trade in the context of the pandemic.
Takeaways
• Asset owners play a crucial role in providing liquidity and capital during uncertain times.
• Adaptive risk models that can learn from new events are essential for forecasting future problems.
• The pandemic has highlighted the importance of resilience in companies, as well as the need for models to consider government actions' secondary effects.
• Globalization has led to wealth inequality and imbalances, which may be reinforced by the current pandemic.
• The pandemic may lead to positive outcomes such as adopting remote work and online learning.
