Professor of Economics, University of Essex

Sheri Markose received a PhD in Economics from the LSE in 1987. She joined the department in September 1986 after a position as research fellow (1982-1986) at the London Business School Centre For Economic Forecasting. Her research interests, in applied economics, are in financial market modelling under extreme non-Gaussian events, computational mechanism design which uses artificial life models to 'wind tunnel' test proposed market protocols, electronic payments and cashlessness, interbank settlement systems, financial contagion and systemic risk. Her longstanding research interest and contributions to the Gödelian formal mathematics of incompleteness and non-computability has enabled her to develop a theory of markets as complex adaptive systems and Nash equilibria in which strategic innovation and surprises occur. She was the lead researcher on the Foresight Office of Science and Technology 2006 IIS project on designing Smart Market Protocols for Road Transport Congestion. From 2006-2010, she directed research at Essex as part of the EC FP6 €4 million RTN on the Computational Optimization Methods in Statistics, Econometrics and Finance (COMISEF) project which led to the development of multi-agent financial network models for systemic risk modelling.

Sheri was Director of the Institute of Studies in Finance from 2000 and then became the founder Director since 2002 of the Centre for Computational Finance and Economic Agents (CCFEA) where she has pioneered postgraduate research and teaching in agent-based computational economics (ACE) and markets as complex adaptive system. CCFEA currently has 50 students and awards PhDs in Computational Economics and Computational Finance and also offers MSc degrees in the area. Starting in 2013 October within the Economics Department, Sheri has designed a new MSc Computational Economics, Financial Markets and Policy which will train students in cutting edge skill sets such as financial network and systemic risk modeling, computational stress test platforms for robust macro and micro policy design and real time financial markets.

From February 2011, Sheri has been appointed as senior consultant to the Reserve Bank of India Financial Stability Division to help establish ICT based financial network oriented modelling platforms for financial stability analysis. She was an academic advisor (Feb- Aug 2013) for BIS/BCBS OTC Derivatives Reform Report.

Experience

  • –present
    Professor of Economics, University of Essex