After having thanked the librarian for having found so many great books for me, I drove down to Rutgers, and filled 2 tote bags with books that would help me build on my bibliography. I have 16 total. I searched through their tables of contents to see if there was any relevant information, and sorted them based on whether or not they will be of use to me. Currently, I am scouring the relevant books for useful information that I can include in my thesis, or that will help me better understand what I am researching. I also have an official thesis question:
"How did Societe Generale survive after both the 'Rogue Trader' incident and the subsequent economic crisis, and how can other large banks use this example to help prevent their failure?"
Besides building my bibliography and keeping up with current events regarding SG (Societe Generale), I am also beginning to draft my thesis proposal, which I hope to have ready to submit before September 1st. That's all for now!
-A
That is a challenging thesis. Its on par with what many of the people in those banks are trying to figure out.Some keywords that come to mind are capital requirements, AIG bailout, the size of the bank and its assets & liabilities, derivatives,any hedges, the unwinding of trades, and any French government intervention.Then you would have to make it into a model applicable to other similar( size, scope, leverage, etc) banks. There are also some questions that come to mind. How will you test your model? What type of data will you use?
ReplyDeleteWhat economic theorems will you use? I'll email you some data and analysis later on, as I mentioned before. - Cheers