# Can We Avoid Financial Crises in the Future?

1 Research Highlights June 26, 2017Nobel Laureate Professor [Robert Engle](http://www.stern.nyu.edu/faculty/bio/robert-engle), who was awarded the 2003 Nobel Prize in Economics for his research on the concept of autoregressive conditional heteroskedasticity (ARCH), joined UBS for their [Nobel Perspectives](https://www.ubs.com/microsites/together/en/nobel-perspectives.html) series exploring the use of the ARCH model and its ability to forecast financial trends.

Professor Engle, director of NYU Stern's [Volatility Institute](http://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/volatility-institute), developed his method for statistical modeling of time-varying volatility and demonstrated that the techniques accurately capture the properties of many time series. The [seven-part UBS video series](https://www.ubs.com/microsites/together/en/nobel-perspectives/laureates/robert-engle.html), featuring Professor Engle and [Volatility Lab (V-Lab)](https://vlab.stern.nyu.edu/en/) Director Rob Capellini, can be seen below.

## Learn More

- UBS Video Series: [Can we Avoid Financial Crisis in the Future?](https://www.ubs.com/microsites/together/en/nobel-perspectives/laureates/robert-engle.html)
- [NYU Stern's Volatility Institute](http://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/volatility-institute)