Diem, CSH Associate Faculty member, is recognized for his work on shock propagation and systemic risk
Christian Diem, CSH Associate Faculty member, has won the 2024 Stephan Koren Award for his research into shock propagation and systemic risk in production and financial exposure networks.
The award, presented at the Festsaal of the Vienna University of Economics and Business (WU), recognises a body of work that made up Diem’s dissertation at WU, including three important papers (check the links below). His research focuses on systemic risks and the ripple effects of economic shocks in supply and financial networks. Through a combination of economics, network science, and agent-based simulations, he sheds light on how disruptions in firm-level production networks spread—and how these insights can improve economic modelling.
- Quantifying how much systemic risk can be eliminated in financial contract networks, by applying a new optimization procedure to 10 snapshots of the Austrian interbank market.
- Showing that the economic systemic risk of some extremely risky companies can be reduced by introducing supply chain redundancies and changes in the network topology.
- Estimating the reaction of economies to political interventions or external disturbances.
Background Information
Each year, WU’s Full Professors’ Association awards the Stephan Koren-Prize in the course of an academic ceremony.
The purpose of this award is to support the new generation of academics at WU. It is awarded to doctoral candidates who, on the basis of their dissertation and their entire course of studies, have made a contribution to maintaining the high reputation of dissertations prepared at WU.
About Christian Diem
Christian Diem is a Marie Skłodowska-Curie Actions (MSCA) Postdoctoral Fellow at INET Oxford and the Smith School for Enterprise and the Environment. In his MSCA project he investigates how shocks in firm-level production networks propagate empirically and how the resulting empirical estimates can improve the performance of economic simulation models.
Before taking on this role, Diem was a Senior Scientist in the Network Economics, Supply Chains & Financial Markets Group at the Complexity Science Hub. He holds a master’s degree in Quantitative Finance and a PhD in Economics and Social Sciences both from the Vienna University of Economics and Business.
This press release was published and shared with us by INET Oxford.
