How geometry came to the rescue during the banking crisis
CALL To Geometry
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Feb 2020
To Inspire
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Square pegs in round holes
How geometry came to the rescue during the banking crisis
CALL To Geometry
—
Feb 2020
EDITION EDITORIAL & OVERVIEW
Square pegs in round holes
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27
CALL To Geometry
-
Feb 2020
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Theoretical economics for a practical problem.
Economist Paul Klemperer of Oxford University describes how he invented an auction based on a new kind of geometry to help the Bank of England as the financial crisis took hold in 2007. The auction got money to the banks and building societies that needed it most urgently. The then governor Mervyn King later called it a marvelous application of theoretical economics to a practical problem of vital importance. Klemperer describes how similar auctions can help other government departments allocate resources.
No items found.
No items found.
Previous Article
Next Article
Theoretical economics for a practical problem.
Economist Paul Klemperer of Oxford University describes how he invented an auction based on a new kind of geometry to help the Bank of England as the financial crisis took hold in 2007. The auction got money to the banks and building societies that needed it most urgently. The then governor Mervyn King later called it a marvelous application of theoretical economics to a practical problem of vital importance. Klemperer describes how similar auctions can help other government departments allocate resources.
No items found.
No items found.
Previous Article
Next Article
Theoretical economics for a practical problem.
Economist Paul Klemperer of Oxford University describes how he invented an auction based on a new kind of geometry to help the Bank of England as the financial crisis took hold in 2007. The auction got money to the banks and building societies that needed it most urgently. The then governor Mervyn King later called it a marvelous application of theoretical economics to a practical problem of vital importance. Klemperer describes how similar auctions can help other government departments allocate resources.
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