Book description
An accessible and detailed overview of the risks posed by financial institutionsUnderstanding 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.
Table of contents
- Cover
- Title Page
- Preface
- Acknowledgments
- About the Authors
- CHAPTER 1: Introduction to Systemic Risk
- CHAPTER 2: How We Got Here: A History of Financial Crises
- CHAPTER 3: The Credit Crisis of 2007–2009
- CHAPTER 4: Systemic Risk, Economic and Behavioral Theories: What Can We Learn?
- CHAPTER 5: Systemic Risk Data
- CHAPTER 6: Macroprudential versus Microprudential Oversight
- CHAPTER 7: Introduction to the U.S. Regulatory Regime
- CHAPTER 8: Introduction to International Regulatory Regimes
- CHAPTER 9: Systemically Important Entities
- CHAPTER 10: The Volcker Rule
- CHAPTER 11: Counterparty Credit Risk
- CHAPTER 12: The Dodd-Frank Act and Counterparty Credit Risk
- CHAPTER 13: The Basel Accords
- CHAPTER 14: Lender of Last Resort
- CHAPTER 15: Interconnectedness Risk
- CHAPTER 16: Conclusion: Looking Ahead
- APPENDIX: Systemic Risk Models
- Solutions to the Knowledge Check Questions
- Index
- End User License Agreement
Product information
- Title: Understanding Systemic Risk in Global Financial Markets
- Author(s):
- Release date: June 2017
- Publisher(s): Wiley
- ISBN: 9781119348504
You might also like
book
Financial Markets for Commodities
Agricultural, energy or mineral commodities are traded internationally in two market categories: physical markets and financial …
book
Managing Hedge Fund Risk and Financing: Adapting to a New Era
What makes this book special is that it presents an insider's perspective of what went right, …
book
Handbook of Key Global Financial Markets, Institutions, and Infrastructure
Understanding twenty-first century global financial integration requires a two-part background. The Handbook of Key Global Financial …
book
Liquidity Management: A Funding Risk Handbook
Robust management of liquidity risk within the changing regulatory framework Liquidity Management applies current risk management …