Taleb to Advise IMF on How to Detect Risks of Financial Crisis
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Nassim Taleb, author of “The Black Swan,” will work with the International Monetary Fund on drawing up measures to detect hidden risks in the financial system for G-20 ministers and central bank governors.
Taleb will team up with the IMF’s Monetary and Capital Markets department on a paper for the G-20 to develop ways to apply his method for identifying tail risks, or the chances of low probability, high-impact events, according to a letter from Elie Canetti, an IMF adviser. He won’t be paid for his work and he won’t speak on behalf of the IMF in public, Canetti said.