Systemic Risk History Measurement And Regulation
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Systemic Risk History Measurement And Regulation
Author | : Kreis Yvonne,Leisen Dietmar,Ponce Jorge |
Publsiher | : World Scientific |
Total Pages | : 196 |
Release | : 2019-06-04 |
Genre | : Business & Economics |
ISBN | : 9789811201073 |
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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.
Systemic Risk
![Systemic Risk](https://youbookinc.com/wp-content/uploads/2024/06/cover.jpg)
Author | : Yvonne Kreis,Dietmar Leisen,Jorge Ponce |
Publsiher | : Unknown |
Total Pages | : 197 |
Release | : 2019 |
Genre | : BUSINESS & ECONOMICS |
ISBN | : 9811201064 |
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Quantifying Systemic Risk
Author | : Joseph G. Haubrich,Andrew W. Lo |
Publsiher | : University of Chicago Press |
Total Pages | : 286 |
Release | : 2013-01-24 |
Genre | : Business & Economics |
ISBN | : 9780226921969 |
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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.
Systemic Risk Crises and Macroprudential Regulation
Author | : Xavier Freixas,Luc Laeven,Jose-Luis Peydro |
Publsiher | : MIT Press |
Total Pages | : 487 |
Release | : 2015-06-19 |
Genre | : Business & Economics |
ISBN | : 9780262028691 |
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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.
Systemic Risk in the Financial Sector
Author | : Douglas W. Arner,Emilios Avgouleas,Danny Busch,Steven L. Schwarcz |
Publsiher | : Cigi Press |
Total Pages | : 0 |
Release | : 2019 |
Genre | : Economic policy |
ISBN | : 1928096883 |
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The 2008 global financial crisis brought the world's economy closer to collapse than ever before. Has enough been done to prevent another crisis?
Understanding Systemic Risk in Global Financial Markets
Author | : Aron Gottesman,Michael Leibrock |
Publsiher | : John Wiley & Sons |
Total Pages | : 277 |
Release | : 2017-06-26 |
Genre | : Business & Economics |
ISBN | : 9781119348504 |
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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.
Measuring Systemic Risk
Author | : Deyan Radev |
Publsiher | : Springer Nature |
Total Pages | : 94 |
Release | : 2022-02-07 |
Genre | : Technology & Engineering |
ISBN | : 9783030942816 |
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This book provides a comprehensive methodology to measure systemic risk in many of its facets and dimensions based on state-of-the-art risk assessment methods. Systemic risk has gained attention in the public eye since the collapse of Lehman Brothers in 2008. The bankruptcy of the fourth-biggest bank in the USA raised questions whether banks that are allowed to become “too big to fail” and “too systemic to fail” should carry higher capital surcharges on their size and systemic importance. The Global Financial Crisis of 2008-2009 was followed by the Sovereign Debt Crisis in the euro area that saw the first Eurozone government de facto defaulting on its debt and prompted actions at international level to stem further domino and cascade effects to other Eurozone governments and banks. Against this backdrop, a careful measurement of systemic risk is of utmost importance for the new capital regulation to be successful and for sovereign risk to remain in check. Most importantly, the book introduces a number of systemic fragility indicators for banks and sovereigns that can help to assess systemic risk and the impact of macroprudential and microprudential policies.
Global Governance of Financial Systems
Author | : Kern Alexander,Rahul Dhumale,John Eatwell |
Publsiher | : Oxford University Press on Demand |
Total Pages | : 329 |
Release | : 2006 |
Genre | : Business & Economics |
ISBN | : 9780195166989 |
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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.