Jon Danielsson

Jon Danielsson is one of the two Directors of the Centre. He holds a PhD in economics from Duke University and is currently Associate Professor of Finance at LSE.  His research interests cover systemic risk, financial risk, econometrics, economic theory and financial crisis.

Jon has written two books, Financial Risk Forecasting and Global Financial Systems: Stability and Risk and published a number of articles in leading academic journals.

His main research webpage is http://modelsandrisk.org/ , whilst his LSE staff page is here. Jon’s blogs can be found on VoxEU.org.

Tel: +44 (0)20 7852 3544

Publications

Opinion Pieces
Oct 2015
Does low volatility in financial markets mean that another financial crisis is more likely? And should we be worried when everything is OK? This column presents the first empirical results that find a strong validation of Minsky's hypothesis...
Discussion Papers
Sep 2015
DP 47
Since increasing a bank's capital requirement to improve the stability of the financial system imposes costs upon the bank, a regulator should ideally be able to prove beyond a reasonable doubt that banks classified as systemically risky really...
Opinion Pieces
Aug 2015
The Greek and the Icelandic crisis have much in common, not the least the heavy pressure from foreign countries and the hectoring from their public officials. In Iceland and in Greece this was counterproductive, hardening the opposition to any...
Opinion Pieces
Aug 2015
The long-running Greek crisis and China’s recent stock market crash are the latest threats to the stability of the global financial system. But as this column explains, systemic risk is an inevitable part of any market-based economy. While we...
Opinion Pieces
Aug 2015
Some financial authorities have proposed designating asset managers as systemically important financial institutions (SIFIs). This column argues that this would be premature and probably ill conceived. The motivation for such a step comes from an...
Opinion Pieces
Jun 2015
Jon Danielsson and Ásdís Kristjánsdóttir
Iceland has just announced it is getting rid of its capital controls. This column argues that the government’s plan is a credible, efficient and fair plan to lift the costly and misguided controls.
Opinion Pieces
Apr 2015
Jon Danielsson and Chen Zhou
Regulators and financial institutions increasingly depend on statistical risk forecasting. This column argues that most risk modelling approaches are highly inaccurate and confidence intervals should be provided along with point estimates. Two major...
Discussion Papers
Apr 2015
DP 36
Jon Danielsson and Chen Zhou
This paper analyzes the robustness of standard risk analysis techniques, with a special emphasis on the specifications in Basel III. We focus on the difference between Value–at–Risk and expected shortfall, the small sample properties of...
Opinion Pieces
Mar 2015
This column introduces a new Vox eBook collecting some of the best Vox columns on financial regulations, starting with the fundamentals of financial regulations, moving on to bank capital and the Basel regulations, and finishing with the wider...
Books
Mar 2015
This eBook collects some of the best Vox columns on financial regulations, starting with the fundamentals of financial regulations, moving on to bank capital and the Basel regulations, and finishing with the wider considerations of the regulatory...

Pages