Systemic Risk History Measurement And Regulation PDF Download
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| Author | : Kreis Yvonne |
| Publisher | : World Scientific |
| Total Pages | : 196 |
| Release | : 2019-06-04 |
| Genre | : Business & Economics |
| ISBN | : 9811201072 |
Download Systemic Risk: History, Measurement And Regulation Book in PDF, ePub and Kindle
Systemic Risk: History, Measurement and Regulation presents an overview of this emerging form of risk from a global perspective. Systemic risks endanger entire financial systems, not just individual financial institutions. In this volume, the authors review how systemic risk has evolved over the last 40 years across continents to come to the forefront of regulatory attention. They then discuss transmissions channels, provide a review of systemic risk measures, and describe new regulations that have been introduced, as well as the theory and practice of financial stability committees that have been set up internationally. Overall, the book provides a practical guide to understand, identify, assess and control systemic risk.While the financial research on systemic risk has strongly increased since the events of 2008, this book is a first in providing a detailed yet concise overview of the topic, covering the history of systemic risk, its measurement, and its regulation. The authors provide both academic and practitioner-oriented insights, and draw on their different regions of expertise to provide a global perspective on systemic risk.
| Author | : Joseph G. Haubrich |
| Publisher | : University of Chicago Press |
| Total Pages | : 286 |
| Release | : 2013-01-24 |
| Genre | : Business & Economics |
| ISBN | : 0226921964 |
Download Quantifying Systemic Risk Book in PDF, ePub and Kindle
In the aftermath of the recent financial crisis, the federal government has pursued significant regulatory reforms, including proposals to measure and monitor systemic risk. However, there is much debate about how this might be accomplished quantitatively and objectively—or whether this is even possible. A key issue is determining the appropriate trade-offs between risk and reward from a policy and social welfare perspective given the potential negative impact of crises. One of the first books to address the challenges of measuring statistical risk from a system-wide persepective, Quantifying Systemic Risk looks at the means of measuring systemic risk and explores alternative approaches. Among the topics discussed are the challenges of tying regulations to specific quantitative measures, the effects of learning and adaptation on the evolution of the market, and the distinction between the shocks that start a crisis and the mechanisms that enable it to grow.
| Author | : Xavier Freixas |
| Publisher | : MIT Press |
| Total Pages | : 487 |
| Release | : 2015-06-19 |
| Genre | : Business & Economics |
| ISBN | : 0262028697 |
Download Systemic Risk, Crises, and Macroprudential Regulation Book in PDF, ePub and Kindle
A framework for macroprudential regulation that defines systemic risk and macroprudential policy, describes macroprudential tools, and surveys the effectiveness of existing macroprudential regulation. The recent financial crisis has shattered all standard approaches to banking regulation. Regulators now recognize that banking regulation cannot be simply based on individual financial institutions' risks. Instead, systemic risk and macroprudential regulation have come to the forefront of the new regulatory paradigm. Yet our knowledge of these two core aspects of regulation is still limited and fragmented. This book offers a framework for understanding the reasons for the regulatory shift from a microprudential to a macroprudential approach to financial regulation. It defines systemic risk and macroprudential policy, cutting through the generalized confusion as to their meaning; contrasts macroprudential to microprudential approaches; discusses the interaction of macroprudential policy with macroeconomic policy (monetary policy in particular); and describes macroprudential tools and experiences with macroprudential regulation around the world. The book also considers the remaining challenges for establishing effective macroprudential policy and broader issues in regulatory reform. These include the optimal size and structure of the financial system, the multiplicity of regulatory bodies in the United States, the supervision of cross-border financial institutions, and the need for international cooperation on macroprudential policies.
| Author | : Yvonne Kreis |
| Publisher | : |
| Total Pages | : 197 |
| Release | : 2019 |
| Genre | : BUSINESS & ECONOMICS |
| ISBN | : 9789811201066 |
Download Systemic Risk Book in PDF, ePub and Kindle
| Author | : Douglas W. Arner |
| Publisher | : Cigi Press |
| Total Pages | : 0 |
| Release | : 2019 |
| Genre | : Economic policy |
| ISBN | : 9781928096887 |
Download Systemic Risk in the Financial Sector Book in PDF, ePub and Kindle
The 2008 global financial crisis brought the world's economy closer to collapse than ever before. Has enough been done to prevent another crisis?
| Author | : Aron Gottesman |
| Publisher | : John Wiley & Sons |
| Total Pages | : 272 |
| Release | : 2017-06-07 |
| Genre | : Business & Economics |
| ISBN | : 1119348544 |
Download Understanding Systemic Risk in Global Financial Markets Book in PDF, ePub and Kindle
An accessible and detailed overview of the risks posed by financial institutions Understanding Systemic Risk in Global Financial Markets offers an accessible yet detailed overview of the risks to financial stability posed by financial institutions designated as systemically important. The types of firms covered are primarily systemically important banks, non-banks, and financial market utilities such as central counterparties. Written by Aron Gottesman and Michael Leibrock, experts on the topic of systemic risk, this vital resource puts the spotlight on coherency, practitioner relevance, conceptual explanations, and practical exposition. Step by step, the authors explore the specific regulations enacted before and after the credit crisis of 2007-2009 to promote financial stability. The text also examines the criteria used by financial regulators to designate firms as systemically important. The quantitative and qualitative methods to measure the ongoing risks posed by systemically important financial institutions are surveyed. A review of the regulations that identify systemically important financial institutions The tools to use to detect early warning indications of default A review of historical systemic events their common causes Techniques to measure interconnectedness Approaches for ranking the order the institutions which pose the greatest degree of default risk to the industry Understanding Systemic Risk in Global Financial Markets offers a must-have guide to the fundamentals of systemic risk and the key critical policies that work to reduce systemic risk and promoting financial stability.
| Author | : Mark Carey |
| Publisher | : University of Chicago Press |
| Total Pages | : 670 |
| Release | : 2007-11-01 |
| Genre | : Business & Economics |
| ISBN | : 0226092984 |
Download The Risks of Financial Institutions Book in PDF, ePub and Kindle
Until about twenty years ago, the consensus view on the cause of financial-system distress was fairly simple: a run on one bank could easily turn to a panic involving runs on all banks, destroying some and disrupting the financial system. Since then, however, a series of events—such as emerging-market debt crises, bond-market meltdowns, and the Long-Term Capital Management episode—has forced a rethinking of the risks facing financial institutions and the tools available to measure and manage these risks. The Risks of Financial Institutions examines the various risks affecting financial institutions and explores a variety of methods to help institutions and regulators more accurately measure and forecast risk. The contributors--from academic institutions, regulatory organizations, and banking--bring a wide range of perspectives and experience to the issue. The result is a volume that points a way forward to greater financial stability and better risk management of financial institutions.
| Author | : Kern Alexander |
| Publisher | : Oxford University Press |
| Total Pages | : 329 |
| Release | : 2006 |
| Genre | : Business & Economics |
| ISBN | : 0195166981 |
Download Global Governance of Financial Systems Book in PDF, ePub and Kindle
The book sets forth the economic rationale for international financial regulation and what role, if any, international regulation can play in effectively managing systemic risk while providing accountability to all affected nations. The book suggests that a particular type of global governance structure is necessary to have more efficient regulation of the international financial system.
| Author | : Markus Brunnermeier |
| Publisher | : University of Chicago Press |
| Total Pages | : 286 |
| Release | : 2014-10-17 |
| Genre | : Business & Economics |
| ISBN | : 022609264X |
Download Risk Topography Book in PDF, ePub and Kindle
The recent financial crisis and the difficulty of using mainstream macroeconomic models to accurately monitor and assess systemic risk have stimulated new analyses of how we measure economic activity and the development of more sophisticated models in which the financial sector plays a greater role. Markus Brunnermeier and Arvind Krishnamurthy have assembled contributions from leading academic researchers, central bankers, and other financial-market experts to explore the possibilities for advancing macroeconomic modeling in order to achieve more accurate economic measurement. Essays in this volume focus on the development of models capable of highlighting the vulnerabilities that leave the economy susceptible to adverse feedback loops and liquidity spirals. While these types of vulnerabilities have often been identified, they have not been consistently measured. In a financial world of increasing complexity and uncertainty, this volume is an invaluable resource for policymakers working to improve current measurement systems and for academics concerned with conceptualizing effective measurement.
| Author | : International Monetary Fund. Fiscal Affairs Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 64 |
| Release | : 2013-10-06 |
| Genre | : Business & Economics |
| ISBN | : 1498341713 |
Download Key Aspects of Macroprudential Policy - Background Paper Book in PDF, ePub and Kindle
The countercyclical capital buffer (CCB) was proposed by the Basel committee to increase the resilience of the banking sector to negative shocks. The interactions between banking sector losses and the real economy highlight the importance of building a capital buffer in periods when systemic risks are rising. Basel III introduces a framework for a time-varying capital buffer on top of the minimum capital requirement and another time-invariant buffer (the conservation buffer). The CCB aims to make banks more resilient against imbalances in credit markets and thereby enhance medium-term prospects of the economy—in good times when system-wide risks are growing, the regulators could impose the CCB which would help the banks to withstand losses in bad times.
