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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.
Myron Scholes
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What the insurance companies have done is to reverse the business so that the public at large insures the insurance companies.
Gerry Spence
Myron Scholes
Creative Commons
Born:
July 1, 1941
(age 83)
Bio:
Myron Samuel Scholes is a Canadian-American financial economist. In 1997 he was awarded the Nobel Memorial Prize in Economic Sciences for a method to determine the value of derivatives.
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