"/> PSU and IPF co-hosted a special lecture by Nobel laureate on "The prospects for global financial stability"

Songkhla Nakarin news

PSU and IPF co-hosted a special lecture by Nobel laureate on "The prospects for global financial stability"

On 1 March 2024, the PSU Faculty of Economics in collaboration with the International Peace Foundation (IPF), and with support from Mitsui Fudosan Asia (Thailand) Co., Ltd, Dusit Thani Hotel and Resort, Kasikornbank, and BMW, hosted a special lecture by Prof. Robert F. Engle III, a Nobel laureate in Economics. The talk, titled " The prospects for global financial stability" was held under the JAPAN-ASEAN BRIDGES Event Series in celebration of the 50th anniversary of Japan-ASEAN relations and the 55th anniversary of PSU. The event was opened by Vice President for Academic and International Affairs, Asst. Prof. Dr. Thakerng Wongsirichot, while Mr. Uwe Morawetz, Founding Chairman of the International Peace Foundation, provided a reporting speech, and Asst. Prof. Dr. Paratta Prommee, Dean, Faculty of Economics, gave a welcome remark. The event was held at the 60th Anniversary of His Majesty the King’s Accession to the Throne International Convention Center, PSU, Hat Yai, Songkhla.

Prof. Robert Engle is a professor of financial econometrics at New York University Stern School of Business. He was awarded the Nobel Prize in Economics in 2003 for his research on the autoregressive conditional heteroskedasticity (ARCH) model, which developed methods for constructing statistical models for time-varying volatility and demonstrated that these techniques can accurately describe various features of time series. Prof. Engle awarded the prize together with Prof. Clive W.J. Granger. He currently serves as co-director of the Volatility and Risk Institute at New York University Stern School of Business, where he has developed tools for research to monitor global economic risks and disseminate this information to the public through the V-LAB website.

Dr. Thakerng stated that this occasion is the 4th event under the JAPAN-ASEAN BRIDGES Event Series, jointly organized by the university and the International Peace Foundation (IPF) as the host. This event was held to commemorate the 55th anniversary of the establishment of PSU in the year 2023.

"PSU is a leader in innovation, research, and higher education in the southern region and the country. This success stems from the Faculty of Economics, which has been instrumental in driving the university forward since its establishment 21 years ago. We believe that the special lecture by Prof. Robert F. Engle III on the topic ‘The prospects for global financial stability' will raise awareness among research networks worldwide and be a significant step towards the development of a better society. It will also inspire researchers, professors, students, and all participants to contribute to the improvement of communities and society."

Dr. Paratta expressed great honor in facilitating the special lecture by the Nobel Laureate in Economics. This topic is highly interesting as participants will have the opportunity to learn and understand the challenges and impacts arising from financial instability, risk management, and enhancing risk reduction strategies within our financial systems.

The Faculty of Economics was founded 21 years ago marking as the pioneering institution of higher education in the southern region specializing in economics. Its fundamental mission is to produce quality graduates with a strong foundation in economic theory and quantitative methods. Moreover, the faculty is committed to advancing economic knowledge through extensive research endeavors and fostering international partnerships, aspiring towards global benchmarks of excellence. The activities will ignite inspiration among faculty members, staff, and students in fostering international economic collaboration.