Once elected to office, he faced the challenge of how to act ethically when corruption was so universal that the city’s aldermen were expected to funnel large sums to their constituents, based on the presumption that all politicians were “on the take.” If he refused bribes and then had no money to hand out, how would he convince people that he wasn’t simply refusing to share?
How can the available data in the area of the financial world be better used to identify systemic risks – or do they need to be supplemented by certain additional data? Some of the papers presented at this conference have found very promising approaches. Answers to these and similar questions will amplify the meaningfulness and practical relevance of future research findings.