Volume 4: Contingent Claims Approach to Measuring and Managing Sovereign Credit Risk

March 2019 | Risk Management/Stocks | Book
Dale F Gray, Robert C Merton and Zvi Bodie. World Scientific Reference on Contingent Claims Analysis in Corporate Finance. Vol. 4 Volume 4 focuses on the application of the contingent claim approach to banks and other financial intermediaries. Regulation of the banking industry led to the creation of new financial securities (e.g., CoCos) and new types of stakeholders (e.g., deposit insurers).

On the Creation of “Retirement Bonds”

April 7 2018 | Retirement Planning | Article
Editorial published in Le Monde. Three professors of finance, Lionel Martellini, Robert C. Merton and Arun S. Muralidhar, suggest issuing bonds with maturities and durations that would match the retirement age and life expectancy at retirement.

Trust in Lending

June 2018 | | Working Paper
Richard Thakor and Robert C. Merton, National Bureau of Economic Research working paper w24778.

NewRetirement Podcast—Episode 11: Interview with Nobel Prize Winner Robert Merton on Fixing Retirement

July 5 2018 | Retirement Planning | Interview

Trust in Lending

June 2018 | | Paper
Richard Thakor & Robert Merton. SSRN eLibrary