Podcast: Kaminski on lessons from commodity market defaults
Professor Vince Kaminski analyses Nasdaq and PJM defaults
Vince Kaminski is a professor in the practice of energy management at Rice University’s Jesse Jones Graduate School of Business. In this podcast he examines the recent spate of commodity defaults, looking at why they occurred and whether enough has been put in place to avert future calamities.
He looks at the types of commodities trades most prone to defaults and asks whether clearing is just simply too risky for some very complex and illiquid trades.
He compares the similarities between the
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