SHERI MARINA MARKOSE
Professor of Economics
Department of Economics
University of Essex
Wivenhoe Park ,
Colchester C04 3SQ ,
Essex, U.K
Tel (01206) 87 2742 ; Email: scher@essex.ac.uk.
Education
Sept.1987 Ph.D Economics, London School of Economics, University of London.
Thesis Title: Essays on the theory of macro-economic dynamics under uncertainty ;
Awarded the Jackson Lewis Scholarship by the LSE.
Ph. D Supervisor: Professor Willem H. Buiter.
1981 Diploma (International Course in Economics of the E.E.C)
University of Amsterdam; Awarded the Netherlands University Foundation Scholarship.
1979 MA ( International Trade and Development) Jawaharlal Nehru University,New Delhi.
Awarded Graduate Merit Scholarship.
1978 BA Economics (Hons) Bombay University.
Awarded Intermediate Arts: Mathematics and Statistics First Prize.
Bombay University Ladies Chess Champion (2 member team)
Academic Positions
October 2006-Present Professor of Economics, University of Essex
March 2004-Aug 2009 Founder Director of Centre For Computational Finance and Economic Agents
(CCFEA), University of Essex
Oct 2005-2006 Senior Lecturer Computational Finance and Economic Agents (Economics Department and CCFEA)
Sept 2000-Mar 2004 Director, Institute For Studies in Finance (ISF)
Sept 1993-May 1994 Visiting Fellow, C.V Starr Center , Economics Dept., New York University, USA.
Sept 1992-1996 Four year maternity break
Sept 1986-2005 Tenured lectureship in Economics, University of Essex.
1982-1986 Research Fellow (full time) London Business School, Centre for Economic Forecasting.
1981-1982 Class tutor, London School of Economics.
Other Appointments And Awards
December 2-5 2019: Keynote Speaker and Invited Lectures 2-5 December 2019. Symposium on Complexity (C3), Centre for Complex Systems, University of Sydney.
March 2019: Keynote Speaker at Bio-Inspired ICT (BICT 2019). Carnegie Mellon University, Pittsburgh,USA. Title of Talk Digital Foundations of Intelligence: How We Became Smart and Protean.
2017: Associate Editor of Frontiers of AI and Robotics: Computational Intelligence.
April 2017: 2017 Eubank Prize awarded to Professor Sheri Markose by Rice University, Houston, USA:
For integrative synthesis and data driven leadership toward understanding systemic risk in global financial markets.
See here for the short course on this by Sheri Markose at Rice University.
April 2017: Co-investigator on Financial Inclusion In India, project funded by the a 3 year research grant for £180,000 (DHA9700).
February 2011 – Sept 2014: Senior Consultant and Advisor to Financial Stability Division of the Reserve Bank of India to develop and build an ICT based financial network platform for the Indian Financial System for purposes of monitoring the build up of systemic risk.
See here, Chapter V of 2011 RBI Financial Stability Report.
Pg 21 here gives one of the first multi-sectoral (banks and non-bank) financial network macro-prudential stress testing software based studies done by Markose and Giansante for RBI.
December 2013: See here, Sections 2.4-2.20 (Footnote 4 gives acknowledgement to Markose and Giansante for Financial Network Modelling).
2014 – Present: Appointed to the European Science Foundation Review Panel in area of Socio-Economic Risks.
March – August 2013: Academic Advisor to the OTC Derivatives Coordination Group for the Macroeconomic Impact Assessment of OTC Derivatives Regulatory Reforms (MAGD) Report commissioned by the BCBS and FSB and prepared for the September 2013 Summit Meeting of the G20.
June 2012- March 2013: Academic Consultant with Europe Economics for Report Commissioned by Mastercard – on Economic Impact of Interchange Fee Regulation In the UK.
March 2011 – 30 December 2011: Consultant and Visiting Scholar at Monetary and Capital Markets Department of the International Monetary Fund on project on Systemic risk from Global Derivatives Markets.
June 26-27, 2012: Invited to deliver Lectures on Financial Network Models for Systemic Risk Management at the 2012 Summer School at the Kiel Institute for the World Economy.
May 2010: Invited PhD Lecture Series at Economics Department Ruhr-Universität Bochum on Financial Markets as Complex Adaptive Systems: Agent Based Computational Economics.
July 6- 10 2009: Invited Lectures at the GREQAM (Aix en Provence) Summer School : Financial Micro- Structure and Contagion.
April -December 2005: Foresight Office and Science and Technology Funding April. 2005: Lead Researcher on Project on A Smart Market for Road Traffic Congestion.
June-Sept 2002: Invited Research Fellow at the Research Division at the Bank of Finland, Helsinki, on Project on the Spread of Cashlessness.
Two public lectures were delivered at the Bank of Finland in July 2002 on this topic.
Refereed Publications
Markose, S.M., Giansante, S., Eterovic, N., Gatkowski, M. (2021) Early warning of systemic risk in global banking: eigen-pair R number for financial contagion and market price-based methods. Annals of Operation Research (Open Access, July 2021)
Markose, S.M. (2021) Novelty production and evolvability in digital genomic agents: Logical foundations and policy design implications of complex adaptive systems. In Complex Systems in the Social and Behavioral Sciences: Theory, Method and Application; Elliot, E., Douglas Kiel, L., Eds.; Michigan University Press
Markose, S.M, 2021, “Genomic Intelligence as Über Bio-Cybersecurity: The Gödel Sentence in Immuno-Cognitive Systems”, Entropy. 23(4), 405; https://doi.org/10.3390/e23040405
Markose, S., T. Arun, P Ozili, 2020, Financial inclusion, at what cost?: Quantification of economic viability of a supply side roll out, European Journal of Finance
Markose, S. with Fatouh, M., and Giansante, S., (2019). The impact of quantitative easing on UK bank lending: Why banks do not lend to businesses? Journal of Economic Behavior and Organization
Bholat, D., Lastra, RM., Markose, SM., Miglionico, A. and Sen, K., (2018). Non-performing loans at the dawn of IFRS 9: regulatory and accounting treatment of asset quality. Journal of Banking Regulation. 19 (1), 33-54
Sheri M. Markose. Complex type 4 structure changing dynamics of digital agents: Nash equilibria of a game with arms race in innovations. Journal of Dynamics & Games, 2017, 4 (3) : 255-284. doi: 10.3934/jdg.2017015
J. Doering, M. Fairbank and S. Markose, “Convolutional neural networks applied to high-frequency market microstructure forecasting,” 2017 9th Computer Science and Electronic Engineering (CEEC), Colchester, 2017, pp. 31-36. doi: 10.1109/CEEC.2017.8101595
Markose, S., Giansante, S. and Rais Shaghaghi, A. (2017). A systemic risk assessment of OTC derivatives reforms and skin‑in‑the‑game for CCPs. Banque de France Financial Stability Review, no. 21.
The FSR analyses the impact of financial reforms eight years after the adoption of the G10 action plan in 2009.
From 20 April 2017, the FSR can be accessed from Banque de France’s website
Bholat, D., Lastra, R., Markose, S., Miglionico, A. and Sen, K. (2016). Non-performing loans: regulatory and accounting treatments of assets. Bank of England Staff Working Paper, No. 594.
Heath, A., Kelly, G., Manning, M., Markose, S. and Shaghaghi, A. (2016). CCPs and network stability in OTC derivatives markets. Journal of Financial Stability, 27, pp.217-233.
Markose, S. (2013). Systemic risk analytics: A data-driven multi-agent financial network (MAFN) approach. Journal of Banking Regulation Special Issue on Regulatory Data and Systemic Risk Analytics, 14(3-4), pp.285-305
Markose, S. (2012). Systemic Risk from Global Financial Derivatives : A Network Analysis of Contagion and Its Mitigation with Super-Spreader Tax. IMF Working Paper, No. 12/282.
Markose, S., S. Giansante, and A. Shaghaghi, (2012), “Too Interconnected To Fail Financial Network of U.S. CDS Market: Topological Fragility and Systemic Risk”, Journal of Economic Behavior and Organization, Volume 83, Issue 3, August 2012, Pages 627–646
Markose , S . M and Alentorn A. (2011) “The Generalized Extreme Value Distribution, Implied Tail Index, and Option Pricing”.The Journal of Derivatives, Spring 2011, Vol. 18, No. 3, pp. 35-60 DOI: 10.3905/jod.2011.18.3.035
Editor Stephen Figlewski and referee consider this to be a definitive and ‘illuminating’ paper on the occurrence of extreme events in financial markets
Markose, S.M, B. Oluwasegun, and S. Giansante (2012), “Agent Based Financial Network (MAFN) Model of US Collateralized Debt Obligations (CDO): Regulatory Capital Arbitrage, Negative CDS Carry Trade and Systemic Risk Analysis”. Chapter in Book :Simulation in Computational Finance and Economics: Tools and Emerging Applications, Editor(s): Alexandrova-Kabadjova B., S. Martinez-Jaramillo, A. L. Garcia-Almanza, E. Tsang, Publisher: IGI Global.
Markose, S.M, S. Giansante, M. Gatkowski and A. R. Shaghagi, 2010, “Too Interconnected To Fail: Financial Contagion and Systemic Risk In Network Model of CDS and Other Credit Enhancement Obligations of US Banks”, University of Essex, Economics Department DP 683, Feb 2010.
Presented at 26-28 May 2010: Invited Talk at the International Monetary Fund, Washington DC, Workshop on “Operationalizing Systemic Risk Monitoring”.
Also in European Central Bank Workshop Publications on “Recent Advances in Modeling Systemic Risk Using Network Analysis”.
Markose, S.M., and A. Alentorn (2008) “Generalized Extreme Value Distribution and Extreme Economic
Value at Risk (E-EVaR)”. Chapter in Computational Methods in Financial Engineering edited by EJ Kontoghiorghes, B. Rustem and P. Winker in honour of Manfred Gilli, Springer Verlag.
Markose, Sheri & Arifovic, Jasmina & Sunder, Shyam, 2007. “Advances in experimental and agent-based modelling: Asset markets, economic networks, computational mechanism design and evolutionary game dynamics,” Journal of Economic Dynamics and Control, Elsevier, vol. 31(6), pages 1801-1807, June.
Markose S., Alentorn A., Koesrindartoto D., Allen P., Blythe P. and Grosso S., 2007, “A smart market for passenger road transport (SMPRT) congestion: An application of computational mechanism design”, Journal of Economic Dynamics and Control , Volume 31, Issue 6, June 2007, Pages 2001-2032, ISSN: 0165-1889.
Kirman A., Markose S., Giansante S. and Pin P., 2007, “Marginal contribution, reciprocity and equity in segregated groups: Bounded rationality and self-organization in social networks”, Journal of Economic Dynamics and Control , Volume 31, Issue 6, June 2007, Pages 2085-2107, ISSN: 0165-1889.
Markose, S., 2006, “Developments in Experimental and Agent-based Computational Economics”, Journal of Economic Interaction and Coordination, Volume 1, Number 2, pp. 119-129.
Markose, S.M, Phil Blythe and Peter Allen, 2006 “Intelligent Charging: Smart Market Protocols for Road Transport”, Office of Science and Technology Foresight Directorate: Intelligent Infrastructure Project, Publication.
Markose, Sheri M., “Computability and Evolutionary Complexity: Markets as Complex Adaptive Systems (CAS).” Economic Journal, Vol. 115, No. 504, pp. F159-F192, June 2005.
E.P.K. Tsang, S. Markose, H. Er, 2005, “Chance Discovery in Stock Index Option and Futures Arbitrage,” New Mathematics and Natural Computation, Vol 1, No 3, November.
Markose, S. M, Edward T., Serafin M. (2005), “The Red Queen Principle and the Emergence of Efficient Financial Markets: An Agent Based Approach”, In: Thomas Lux, Stefan Reitz and Eleni Samanodou (Eds.) Nonlinear Dynamics and Heterogeneous Interacting Agents, Lecture Notes in Economics and Mathematical Systems 550, Springer, Berlin, Heidelberg.
Markose, S.M, 2004, “Novelty in Complex Adaptive Systems (CAS): A Computational Theory of Actor Innovation”, Physica A: Statistical Mechanics and Its Applications,vol. 344, pp. 41- 49. Fuller details in University of Essex, Economics Dept. Discussion Paper No. 575, January 2004.
Markose, S.M with Y. J. Loke, April 2003, “Network Effects of Cash-Card Substitution In Transactions and Low Interest Rate Regimes”, Economic Journal, vol.113, pp. 456-476.
Markose, S.M., July 2002, “The New Evolutionary Computational Paradigm of Complex Adaptive Systems: Challenges and Prospects For Economics and Finance”, In, Genetic Algorithms and Genetic Programming in Computational Finance, Edited by Shu-Heng Chen, Kluwer Academic Publishers, (ISBN 0-7923-7601-3) (pp.443-484 ). Also Essex University Economics Department DP no. 552, July 2001.
Markose, S.M., Tsang E.P.K and H. Er, July 2002, “Evolutionary Decision Trees in FTSE-100 Index Options and Futures Arbitrage: How Not To Miss Opportunities”, In, Genetic Algorithms and Genetic Programming in Computational Finance, Edited by Shu-Heng Chen, Kluwer Academic Publishers. (ISBN 0-7923-7601-3).
Markose,S.M, Tsang, E.P.K & Er, H., 2001, July, “Evolutionary Arbitrage For FTSE-100 Index Options and Futures”, In published Proceedings of the 2001 CEC/IEEE Transactions (Congress of Evolutionary Computation).
Markose, S.M with Y. J. Loke, 2002, “Updates On Changing Trends in Payments Systems G10 and EU”, Entry on Electronic Payment Systems by J.K. Winn, in Encyclopedia of Information Systems, Academic Press.
Markose, S.M with Y. J. Loke, 2001, “Innovations in Cash-Card Payments Networks: Implications for Monetary Policy In Low Interest Rate Regimes”, International Correspondent Banking Review, Yearbook, 2001/2002. Euromoney Publication. ISBN No. 185564 815 6.
E.P.K. Tsang, J. Li, S. Markose, H. Er, A. Salhi, G. Iori, 2000, “EDDIE In Financial Decision Making”, The Journal of Management and Economics, Vol 4.
Markose, S.M with Alessandra Guariglia, 2000, “Voluntary Contributions to Personal Pension Plans : Evidence From the British Household Panel Survey”, Fiscal Studies, Vol.21, no. 4, pp.469-488.
Markose, S.M, 1991, “End-Independent Rules and the Political Economy of Expanding Market Societies of Europe”, European Journal of Political Economy, vol. 7, pp.579- 601, North-Holland.
Markose, S.M, 1986, “A Theory of Stabilisation with Policy Induced Structural Change : An Application of the Bismut Stochastic Maximum Principle”, Journal of Economic Dynamics and Control, vol. 10, pp. 109- 114, North-Holland.
Markose, S.M, 1984 “Non- separability of Consumption and Portfolio Choice with a Precautionary Demand for Money”, Greek Economic Review, Vol. 6, pp.171-202.
1982-1986: A number of contributions were made on Stabilizaton Theory, Aggregate Consumption, Manufacturing Inventories and Monetary Targetting for the London Business School, Centre for Economic Forecasting Publications , Economic/ Financial Outlook, Gower Press.
Book Reviews
Computable Economics: Arne Ryde Lectures, by Kumaraswamy Velupillai, Oxford University Press, June 2001, Economic Journal, vol.111, pp.468-470.
The Market Process, Essays in Contemporary Austrian Economics, Edited by P.J Boettke, D.L Prychitko. Edgar Elgar, Spring 1996, Economic Journal.
Political Economy: Institutions, competition and representation, Proceedings of the Seventh International Symposium in Economic Theory and Econometrics, Edited by William A. Barnet, Melvin Hinich and Norman J. Schofield, 1993, Cambridge University Press, November 1995, Economic Journal.
Under Review with Journals and Work in Preparation
Markose, Sheri M. and Giansante, Simone and Eterovic, Nicolas A. and Gatkowski, Mateusz, 2017, “Early Warning and Systemic Risk in Core Global Banking: Balance Sheet Financial Network and Market Price-Based Methods”.
Malik and S. Markose, 2016, “Price Trends and Liquidity Dynamics in Limit Order Book,”, Working Paper, University of Essex.
Markose S.M, 2013, “Logical and Neurophysiological Foundations of Strategic Behaviour”.
Markose, Sheri M and Alentorn, Amadeo and Millard, Stephen and Yang, Jing (2011) “Designing large value payment systems: An agent-based approach.”
Markose, Sheri M and Peng, Yue and Alentorn, Amadeo (2012) “Forecasting Extreme Volatility of FTSE-100 With Model Free VFTSE, Carr-Wu and Generalized Extreme Value (GEV) Option Implied Volatility Indices.”
Markose, S.M. and J. Yang (2008) “Optimal Portfolio Selection With Dynamic Regime Switching Weights”, Mimeo. Presented at London Stock Exchange City Associates Board Meeting and Macromodels Conference 2008.
Markose, Sheri M and Alentorn, Amadeo and Krause, Andreas (2004) “Dynamic Learning, Herding and Guru Effects in Networks.”
S.M Markose and Y. Dong (2008) “A Multi-Agent Model of RMBS, Credit Risk Transfer in Banks and Financial Stability: Implications of the Subprime Crisis”
A. Alentorn and Markose, S.M, 2006, “Removing the Maturity Effects of Implied Risk Neutral Density Functions and Related Statistics”, Economics Department.
Markose, Sheri M and Loke, Yiing Jia (2002) “Can cash hold its own? International comparisons: Theory and evidence.”
Markose, S.M. and J. Yang (2008) “Optimal Portfolio Selection With Dynamic Regime Switching Weights”, Mimeo.
Presented at London Stock Exchange City Associates Board Meeting and Macromodels Conference 2008.
Software and Agent-based Simulators
A Multi-Agent Model of RMBS, Credit Risk Transfer in Banks and Financial Stability
More details on Sheri’s pioneering work on large scale data base driven simulators for financial networks, market and policy design ; markets as complex adaptive systems; extreme value models; and climate and green transport can be found at the Agent-based computational economics and financial modelling website.
Markose, S.M, 2007, “Market Micro-structure multi-agent simulator and London SETS Electronic Limit Order Book”, with Azeem Malik and Win Lon Ng.
The Joint CCFEA and Bank of England IPSS Large Value Payments Simulator.
CCFEA Networks and Herding Simulator.
Recent Grants
2017 £180,000 Co-investigator on Financial Inclusion In India, project funded by the a 3 year research grant from the UKIERI and UGC.
2014 £30,000 ESRC Diversity in Macroeconomics : New Perspectives from Agent-based Computational, Complexity and Behavioural Economics 24-25 February 2014 Hosted by ESRC and Economics Department University of Essex, Wivenhoe Park, Colchester, UK. Organized by Sheri Markose.
FP6 –034270-2€4 million Marie Curie Research Training Network (RTN) on Computational Optimization Methods in Statistics, Econometrics and Finance (COMISEF) was funded by the European Union (2007-2010). The principal investigator at CCFEA is Prof. Sheri Markose. The budget awarded to CCFEA and the University of Essex is about €386,569.00. This includes funding for 2 PhD students and a Post-Doc position at CCFEA. The research projects this will support at CCFEA are in the area of applications of heuristic optimization methods in Computational Finance and also the development of an agent based model for assessing systemic risk from asset backed securitization in banks.
Funds Raised for CCFEA Phd Internships 2003-2008: Bank of England (1x 2years), Old Mutual Asset Management (2 x 3 years ); HSBC (1x3years); Statpro MSc Bursary (Totaling over £100,000).
Foresight Office and Science and Technology Funding April. 2005: £45,000. Lead Researcher on Project: Design a Smart Market for Congestion.
Editorship/Fellowship, Keynote Talks and Knowledge Transfer.
April 2017 Awarded 7th Eubank Fellow Prize at 7th Eubank Conference of the Rice University
http://eubankconference2017.rice.edu/speaker-profiles/
http://eubankconference2017.rice.edu/schedule-monday-april-24-2017/
3-14 Sept 2016 Invited Speaker at Financial Risk and Network Theory Workshop
Centre for Risk Studies and FNA, Judge Business School, Cambridge
Sheri presents new work (with Inacio Manjama and Qi Zhang) on why granular global macro-net models are needed :
Unsustainable Global Macroeconomic Trends : New Granular Macro-net Models for Macroeconomics and Macro Prudential Policy
See talk at http://www.jbs.cam.ac.uk/faculty-research/centres/risk/news-events/events/2016/financial-risk-network-theory/#item-3
July 6-7 2015, Invited Lectures At Stochastic Finance Summer School, Athens Business School.
26-27 January 2015 Invited Speaker at ESRC New Financial Reality : Measuring and Managing Systemic Risk Workshop, University of Kent Business School.
16 January 2015
Contributed to the Bank of England Granular Data Workshop; Invited to Bank of England and US Office of Financial Research Collaboration for Standards For Granual Data 5 Dec 2014 Invited Speaker
Joint UNamur-UCL Winter School and Workshop on Networks in Economics and Finance
http://www.uclouvain.be/en-476278.html13 October 2014 Invited Speaker 50th Anniversary of the UK Government Economic Service Mini-conference on Agent based Models for Economics Chaired by James Richardson (HMT and Council of ESRC)June 30-11July 2014 Visiting Reserve Bank of India Financial Stability Unit for Project as Senior Consultant on Financial Network Modelling for Systemic Risk ManagementMay 19 2014 Invited Speaker at high-level workshop on “New Tools and Methods for Policy Making“, which will take place at the OECD headquarters in Paris on Monday 19 May 2014. The workshop is co-organised by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) and the OECD initiative on New Approaches to Economic Challenges (NAEC).21 March 2014 , Invited Talk “Why Do We Need New Models of the Economy” at the Towards a Sustainable Financial System, Systemic Risk Centre, London School of Economicshttp://www.systemicrisk.ac.uk/sites/default/files/media/Towards%20a%20sustainable%20financial%20system%20-Final%20programme%20%2818-03-14%29_1.pdf
24 – 25 February 2014
ESRC Conference on Diversity in Macroeconomics: New Perspectives from Agent-based Computational, Complexity and Behavioural Economics (Conference Chair with Co- Chairs Sujit Kapadia (Bank of England), Paul de Grauwe (LSE), Cars Hommes (University of Amsterdam), Paul Sanderson (ESRC)
http://www.essex.ac.uk/economics/news_and_seminars/ESRC.aspx
Conference report http://webwip.essex.ac.uk/economics/news_and_seminars/ESRC.aspx
December 11 2013, Invited by Laurent Clerc, Director Financial Stability , Banque de France, Morning Session Talk on Multi-layer Networks for Systemic Risk Modelling ; Afternoon Session :Discussion on the MAGD Report on Macroeconomic Impact Assessment of OTC Derivatives Regulatory Reforms
September 9-10 , 2013 , Invited Speaker and Visitor to OECD, Paris . Talk : Systemic Risk Analysis in Finance : New Approaches and Tools; Discussants Laurent Clerc Director Financial Stability , Banque de France, Paris.
June 12-13, 2013 Plenary Speaker at Launch Workshop of Centre for networks and collective behaviour | University of Bath Download the programme.
May 16-17, 2013 , Invited Speaker on Policy Analysis: Modelling Systemic Risk , XV Annual Seminar of the Banco Central do Brasil , Rio de Janeiro.
http://www.essex.ac.uk/economics/news_and_seminars/newsEvent.aspx?e_id=5191
17-18 January 2013 Invited Speaker on Systemic Risk Analytics at Bank of England , Centre for Central Banking Studies (CCBS), The future of regulatory data and analytics
13 December 2012 House of Commons (UK) Roundtable discussion hosted by Europe Economics and Professor Sheri Markose and sponsored by David Ruffley MP, Treasury Select Committee Member
The discussion is on the impact of interchange fee reduction for credit and debit cards ,Thursday 13th December 2012, Dining Room A, House of Commons, London, SW1A 0AA
24 August 2012 Interviewed in New Scientist about her financial network model
June 26-27, 2012 Invited to deliver Lectures on Financial Network Models for Systemic Risk Management at the 2012 Summer School at the Kiel Institute for the World Economy
Oct 5-6, 2011 Invited to be a panellist at the Global Economic Symposium 2011, on the session on “Coping with Systemic Risk “. Sheri has been encouraged to give radically new ideas that have the promise of being paradigm shifts, and also give feedback on the challenge and suggestions on potential solutions. GES 2011 is being held on at Kiel, Germany. http://www.global-economic-symposium.org/ges-2011
July 6-8, 2011 , Plenary Speaker at International Conference on Mathematical Finance and Economics (ICMFE) Istanbul Technical University (ITU), Turkey.
http://www.mat.itu.edu.tr/icmfe2011/icmfe2011.html
April 25- 5 May 2011 : Visited Reserve Bank of India , Mumbai, Began work in Collaboration with the RBI Financial Stability Division to use financial network models to map the interconnections between financial firms in India for purposes of systemic risk monitoring.
March 2011 – Dec 30 2011 Appointed Consultant to International Monetary Fund on a project on using financial network models to analyse the role of large complex financial intermediaries in derivatives markets
February 2011– Appointed Consultant to Reserve Bank of India at the Financial Stability Division over a three year period to develop and build an ICT based financial network platform for the Indian Financial System for purposes of monitoring the build up of systemic risk
1-2 October 2010 :’ Can It Happen Again ?’ Invited Speaker at University of Macerata, Italy http://www.unimc.it/can_it
23-24 August 2010: Invited Speaker at Reserve Bank of India, Mumbai, Financial Stability Board ; Special Tutorial was given on Policy Design for Financial Stability and on Financial Network Modelling .
26-30 July 2010 : Keynote Speaker at British Council Sponsored Climate4 Media Workshops on Green Road Transport and Intelligent Infrastructure hosted in 4 Chinese Cities (Shanghai/Nanjing, Guangzhou/Schenzen, Chongqing and Bejing ) Sheri’s talk drew on her work on UK Foresight Project on digital models for congestion charging and intelligent infrastructure http://www.acefinmod.com/greentranspo.html
26-28 May 2010: Invited Talk at the International Monetary Fund, Washington DC, Workshop on “Operationalizing Systemic Risk Monitoring“. Sheri’s IMF talk included updates on her ECB Talk. These included the CDS network based on FDIC 2010 data that incorporates the CCP ICE.
7-9 April 2010 Invited Keynote Talk at MAF 2010 -International Conference for Mathematical and Statistical Methods for Actuarial Sciences and Finance, Villa Rufolo – Ravello, Italy, web site: http://maf2010.unisa.it
5 October 2009, Invited Talk “Too Interconnected To Fail: Financial Contagion and Systemic Risk In Network Model of CDS and Other Credit Enhancement Obligations of US Banks”, Presented at the European Central Bank Workshop Recent Advances in Modeling Systemic Risk Using Network Analysis.
July 6- 10 2009 Invited Lectures at the GREQAM (Aix en Provence) SUMMER SCHOOL : Financial Micro- Structure and Contagion.
Economics Departmental Seminars (University of York June 2009 , University of Leicester 7 Oct 2009 , Brunel University 5 Nov 2009)
18th & 19th Sept. 2009 Invited to Guide Special Session on ‘Financial Crimes Arising from: Shadow Banking and Sub-prime Crisis’ at European Developments in Criminal Corporate Liability Workshop , Clifford Chance Offices Canary Wharf , London.
29 June – 2nd July 2009, “Perverse Effects, Regulatory Arbitrage and the Lucas Critique: A Complex System Approach to Policy Design”, Talk given at the Scottish Institute for Advanced Studies, Glasgow at the Workshop on Limits to Rationality in Financial Markets: Policy Implications
24-25 Mar. 2009 Invited Speaker at ZEW Centre for European Economic Research Sponsored Workshop “Agent based models in economic policy advice”, Mannheim, Germany.
23-24 March 2009, Invited Speaker at Workshop “The complexity of financial crisis in a long-period perspective: facts, theory and models”, University of Sienna.
21 Mar. 2009, Invited Speaker at ESRC Money, Macro and Finance Workshop at Brunel University.
8-11 Feb 2009, Turin Italy, Invited Speaker to Bank of Italy Workshop on “Agent-Based Modeling for Banking and Finance” (ABM-BaF) – Villa Gualino Torino.
5 Feb 2009 Speaker at Essex Chamber of Commerce and Human Rights Centre University of Essex Sponsored Credit Crunch Seminar, at Moot Hall, Colchester.
1-19 Sept. 2008, CCFEA/i4MT Summer School Program 2008 , (High Frequency Finance (HFF) and Electronic Trader Training (ETT) ), London, organizer and presenter
22 May 2008 Speaker at Transmission of Credit Risk and Bank Stability Conference at Cass Business School, London.
14 May 2008 Keynote Speaker at the East Yorkshire and Humber Climate Change Conference (EYHCC), Hull, UK.
October 2007, Invited Speaker at Agent-Based Modeling: Application to Energy Policy UKERC Workshop, 15 & 16 October 2007, St. Hughes College, Oxford.
Summer 2007, Invited on the Royal Society of Arts (RSA) Steering Committee on Green Transport Policy (in the context of Personal Carbon Trading)
June 2007 Invited speaker at the GREQAM Conference New Microstructure of Financial Markets. The title of the talk was “Market Micro Structure Simulators and the London SETS Electronic Limit Order Book”. Please visit http://greqam.univ-mrs.fr/conference/conf_greqam_past.php
2 Feb 2007– Judge Business School Cambridge University Finance Seminar on Market Herding – Presented paper on :Dynamic Learning and Guru Effects in Networks.
11-12 Jan 2007 Program co-chair (with Peter Allen, Cranfield Management School and Phil Blythe, TORG, Newcastle University)- International Conference on DESIGN AND PUBLIC POLICY: MARKETS FOR CONGESTION AND CARBON TRADING, hosted by CCFEA at the University of Essex(Sponsors include DEFRA and Foresight)
28 Sept. 2006 – Invited Speaker at ESRC Workshop on Financial Regulation and Payments Systems : Designing Large Value Payments: An Agent –based Approach with Endogenous Learning
4 July 2006 Sheri Markose addressed the Gödel Centenary Colloquium at Computing in Europe (CiE) Conference in Swansea where she gave a paper on Gödelian Foundations of Non-Computability and Heterogeneity In Economic Forecasting and Strategic Innovation
29 June – 1 July 2006 , Black Wednesday and collapse of ERM currency peg : An agent based model of endogenous risk from policy :Invited Special Lecture at International Conference: Applications of Physics in Financial Analysis 5 (APFA 5) Torino, Italy.
6 April 2006 : Invited to the Treasury and Dft to present Smart Market Modeling for Congestion Pricing TreasurySMPRT.ppt Paper
26 January 2006 : Invited to present the results of ‘ Intelligent Charging: Smart Market Protocols for Road Transport’, at Office and Science and Technology Foresight Directorate: Intelligent Infrastructure Project Launch.
17 October 2005 :Keynote speaker at Mexican National University (UNAM) at Conference on Complexity In Social Simulations. This is part of the Center For Interdisciplinary Research in Science and Humanities and the Institute of Physics UNAM conference for the International Physics year.
28 Sept 2005 : Invited talk at Prime Minister Strategy Unit (PMSU) : Title: Agent Based Computational Economics: Some Applications to Market and Policy Design.
April 2005-Dec 2005 : Invited Researcher for Foresight Intelligent Infrastructure Systems (IIS) ; Topic: An Agent Based Model for Smart Markets in Congestion ; Foresight IIS is supported by the Directorate of the Office of Science and Technology (OST); CCFEA is collaborating with TORG at Newcastle (Director Phil Blythe) and Complex Systems Management Centre Cranfield School of Management (Director: Peter Allen) ; 14 December 2005 Formal Presentation of IIS Project Results to Ministers and Foresight stakeholders who include Directors of Funding Councils
December 2006 Guest Editor (with Shyam Sunder and Jasmina Arifovic) , Special Issue on Experimental and Agent Based Computational Economics, Journal of Economic Dynamics and Control . This is now a Wikipedia entry.
Autumn 2006 Guest Editor of Modelling With Economic Agents 10 Years On Proceedings of the WEHIA 2005: In new Journal of Economic Interaction and Coordination (JEIC).
June 13-15 2005 Organizer and Program Co-Chair (with Shyam Sunder, Yale, and Neil Johnson , Oxford) WEHIA 2005 hosted by CCFEA at University of Essex. http://www.essex.ac.uk/wehia05/
Scientific Committee of the IEEE, Conference For Evolutionary Computation 2005, Edinburgh
March 20-24 2005 Invited Lecture at National University of Galway Workshop on Computable Economics Computability, Computational Complexity and Dynamical Systems Theory in Economics and Finance http://www.nuigalway.ie/cisc/cobera2005/index.html
March 17 2005 – Invited Keynote speaker at Digital Forum : Tipping in Payment Networks: Can Cash Hold Its Own ?http://www.chyp.com/digmon/digmon8_presentations.htm#speakers
February 1 2005 – Invited speaker at Bank of England CCBS Expert Forum on Payment Systems ,London, 31 January – 2 February, 2005.
December 7 2004 – Bank of England Workshop on IPSS Interbank Payments Systems Simulator (developed with Amadeo Alentorn (CCFEA) and
Ying Yang and Steven Millard BOE)
November 5 2004 Invited Talk On Implied Tail Indexes From GEV Risk Neutral Density Functions at the Kiel CAU Workshop on Computational Finance organized by Thomas Lux http://www.bwl.uni-kiel.de/phd/seminars-schneider.php
2004 – Member of IEEE Computational Finance and Economics Technical Committee http://ieee-cis.org/cf/
September 9-10 2004 Member of Scientific Committee of First Bonzenfreies Colloquium on Market Dynamics and Quantitative Economics http://www.mfn.unipmn.it/~colloqui/
27- 30 July 2004 – Visit to Yale Management School (Invited by Shyam Sunder.)
March 12 2004 Inauguration of CCFEA and Organization of Workshop on CCFEA Workshop: Computational Models of Market Microstructure and Real Time Trading
March 3 & 4 2004 Invited Talk on Trends in Cashlessness at The Cash Processing Conference in Paris. This high-level event of Central Bankers and academics is organised by the European Financial Management and Marketing Association (EFMA).
Member of Scientific/Program Committee of 9th. WEHIA 2004 (Workshop for Economic Heterogeneous Interacting Agents) in Kyoto, Japan
November 13-15 2003: Invited Special Lecture at International Conference: Applications of Physics in Financial Analysis 4 (APFA4) Warsaw.
June-Sept 2002Invited Research Fellow at the Research Division at the Bank of Finland, Helsinki, on Project on the Spread of Cashlessness : April 2002, June-September 2002. Two public lectures were delivered at the Bank of Finland in July 2002 on this topic.
Feb 19 2002 University of York, Economics Department Seminar
November 2001, Invited to Present at John Hicks Seminar Series In Monetary Economics, Brasenose College, Oxford.
September 2000, ESRC Annual Money, Macro, Finance Conference : Presentation.
July 2000 : Invited Lectures on Computability in Economics, Main topic : The Liar Strategy and Surprises: So What Is the Lucas Critique? A New Perspective from Computation Theory, Economics Department , University of Trento, Italy.
19- 22 July 1998: Invited speaker to Economics Department, “The Liar Strategy and Surprises: So What Is the Lucas Critique? A New Perspective from Computation Theory”, Economics Department, Carnegie Mellon University (USA).