"Now it is time to encourage the BIS and other regulatory bodies to support studies on stress-test and concentration methodologies. Planning for crises is more important than VAR analysis."
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Economists from CanadaPeople from OntarioUniversity of Chicago alumniNobel laureates in EconomicsNobel laureates from Canada
Original Language: English
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American Economic Review (May 2000)
https://en.wikiquote.org/wiki/Myron_Scholes
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Myron Scholes
Myron Samuel Scholes (born July 1, 1941) is a Canadian-born American financial economist who is best known as one of the authors of the Black–Scholes equation. In 1997 he was awarded the Nobel Memorial Prize in Economic Sciences for a method to determine the value of derivatives. The model provides a conceptual framework for valuing options, such as calls or puts, and is referred to as the Black–Scholes model.
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