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Dialogue with Master of Finance - Professor Robert Merton, Nobel Laureate in Economics, Giving Academic Report for Southwest Minzu University
November 4, 2019  Hit:[]

On the afternoon of October 30th, Professor Robert Merton of Harvard Business School, the Nobel Laureate in Economics in 1997, came to the school to give a lecture on "The Dialogue with Masters - International Academic Award Winners' on Campus" in 2019, which is the third lecture of the academic series of intellectual projects. Professor Liu Yubin, president of SMU, Professor Zhang Mingshan, vice president of SMU, and the relevant leaders of the International Cooperation and Exchange Division and the School of Economics attended the event.

Professor Robert Merton made a special academic report on "The Observation of Digital Revolution, Financial Innovation and Financial Technology" at the New Star Theater at the Airport Campus. He talked about his outstanding contributions in the fields of value determination of derivatives, option pricing, and other important achievements in the transformation of financial science into practice and financial risk management. Vice President Zhang Mingshan, on behalf of more than 30,000 teachers and students of the whole school, expressed warm welcome to the arrival of Professor Merton. He hopes that through the "close-range" study and exchange of the Nobel Prize-winning economists, we will open up academic horizons and promote scientific spirit.

In the report, Professor Merton introduced the importance of the digital revolution, financial innovation and financial technology research, and combined with the digitization of financial services, it provided a large number of global opportunities for the introduction of new and optimized services, and greatly reduced the cost of services, while bring different levels of service quality improvement to those who do not have the services they deserve under the current standards. He believes that financial technology innovation will bring disruptive challenges to users, providers, consultants and regulators of financial services, while also providing them with potential major developing opportunities.
The wonderful lectures of the masters of finance made the teachers and students of the whole school feel the practicability and rigor of the economy, and made everyone deeply aware of the tremendous impetus and influence of the continuous improvement and continuous improvement of the society. 

Backgroud Links:
The Nobel Prize in Economics is an award established by the National Bank of Sweden to commemorate Alfred Nobel, also known as the Swedish Banking Economics Prize. Since 1968, the award has been presented annually by the Royal Swedish Academy of Sciences, which follows the principle of making the greatest contribution to human interests. In 1969 (the 300th anniversary of the founding of the National Bank of Sweden), the first award was won by the Norwegian Frisch and the Dutchman Jan Tembergen. The American economists Samuelson and Friedman also obtained this award.
Robert Merton is a professor of finance of Harvard Business School and one of the pioneers of modern finance. Born in New York on July 31, 1944, he received his Ph.D. in Economics from the Massachusetts Institute of Technology in 1970. He has studied under Professor Paul Samuelson, a well-known economist and the first Nobel laureate in economics in the United States. In the 1970s, he, together with Fischer Black and Myron Scholes, co-invented the mathematical model of financial options, and thus won the 1997 Nobel Prize in Economics with Myron Scholes.

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