Coping With Financial Fragility And Systemic Risk

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Coping with Financial Fragility and Systemic Risk

Harald A. Benink
Coping with Financial Fragility and Systemic Risk Book PDF

Author : Harald A. Benink
Publisher : Springer Science & Business Media
Page : 290 pages
File Size : 48,5 Mb
Release : 2013-03-14
Category : Business & Economics
ISBN : 9781475723731

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Coping with Financial Fragility and Systemic Risk by Harald A. Benink Pdf

Coping with Financial Fragility and Systemic Risk identifies and discusses the sources of perceived fragility in financial institutions and markets and its potential consequences throughout the economy. It then examines private sector solutions for dealing with systemic risk and mitigating the consequences. Finally, the book examines regulatory solutions to these problems.

Dealing with the Challenges of Macro Financial Linkages in Emerging Markets

Otaviano Canuto,Swati Ghosh
Dealing with the Challenges of Macro Financial Linkages in Emerging Markets Book PDF

Author : Otaviano Canuto,Swati Ghosh
Publisher : World Bank Publications
Page : 307 pages
File Size : 45,6 Mb
Release : 2013-10-29
Category : Business & Economics
ISBN : 9781464800030

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Dealing with the Challenges of Macro Financial Linkages in Emerging Markets by Otaviano Canuto,Swati Ghosh Pdf

This book deals with the challenges of macro financial linkages in the emerging markets.

Systemic Risk Assessment in Low Income Countries

Daniela Marchettini,Mr. Rodolfo Maino
Systemic Risk Assessment in Low Income Countries Book PDF

Author : Daniela Marchettini,Mr. Rodolfo Maino
Publisher : International Monetary Fund
Page : 40 pages
File Size : 45,8 Mb
Release : 2015-08-12
Category : Business & Economics
ISBN : 9781513520353

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Systemic Risk Assessment in Low Income Countries by Daniela Marchettini,Mr. Rodolfo Maino Pdf

We propose a toolkit for the assessment of systemic risk buildup in low income countries. We show that, due to non-linearity in the relationship between credit and financial stability, the assessment should be conducted with different tools at different stages of financial development. In particular, when the level of financial depth is low, traditional leading indicators of banking crises have poor predictive performance and the analysis should be based on indicators that account for financial deepening while taking into consideration countries’ structural limits. By using this framework, we provide a preliminary assessment of systemic risk buildup in individual SSA countries.

Understanding Systemic Risk in Global Financial Markets

Aron Gottesman,Michael Leibrock
Understanding Systemic Risk in Global Financial Markets Book PDF

Author : Aron Gottesman,Michael Leibrock
Publisher : John Wiley & Sons
Page : 272 pages
File Size : 46,9 Mb
Release : 2017-06-07
Category : Business & Economics
ISBN : 9781119348542

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Understanding Systemic Risk in Global Financial Markets by Aron Gottesman,Michael Leibrock Pdf

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.

Systemic Risk: History, Measurement And Regulation

Kreis Yvonne,Leisen Dietmar,Ponce Jorge
Systemic Risk History Measurement And Regulation Book PDF

Author : Kreis Yvonne,Leisen Dietmar,Ponce Jorge
Publisher : World Scientific
Page : 196 pages
File Size : 50,7 Mb
Release : 2019-06-04
Category : Business & Economics
ISBN : 9789811201073

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Systemic Risk: History, Measurement And Regulation by Kreis Yvonne,Leisen Dietmar,Ponce Jorge Pdf

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.

Managing Climate Risk in the U.S. Financial System

Leonardo Martinez-Diaz,Jesse M. Keenan
Managing Climate Risk in the U S Financial System Book PDF

Author : Leonardo Martinez-Diaz,Jesse M. Keenan
Publisher : U.S. Commodity Futures Trading Commission
Page : 196 pages
File Size : 48,8 Mb
Release : 2020-09-09
Category : Science
ISBN : 9780578748412

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Managing Climate Risk in the U.S. Financial System by Leonardo Martinez-Diaz,Jesse M. Keenan Pdf

This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742

Debt, Financial Fragility, and Systemic Risk

E. Philip Davis
Debt Financial Fragility and Systemic Risk Book PDF

Author : E. Philip Davis
Publisher : Oxford University Press
Page : 406 pages
File Size : 54,5 Mb
Release : 1995
Category : Business & Economics
ISBN : 9780198233312

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Debt, Financial Fragility, and Systemic Risk by E. Philip Davis Pdf

A guide to the theory of how default and failure of individual financial institutions can turn into a crisis for a whole financial system. The theory is related to the experience of major countries and the policy implications are discussed.

Dealing with the Challenges of Macro Financial Linkages in Emerging Markets

Otaviano Canuto,Swati R. Ghosh
Dealing with the Challenges of Macro Financial Linkages in Emerging Markets Book PDF

Author : Otaviano Canuto,Swati R. Ghosh
Publisher : World Bank Publications
Page : 279 pages
File Size : 45,8 Mb
Release : 2014-04-16
Category : BUSINESS & ECONOMICS
ISBN : 1306155851

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Dealing with the Challenges of Macro Financial Linkages in Emerging Markets by Otaviano Canuto,Swati R. Ghosh Pdf

The 2008 financial crisis has highlighted the challenges associated with global financial integration and has emphasized the importance of macro financial linkages. Specifically it has shown how real (business cycles) can interact with and be amplified by the financial sector, resulting in high pro-cyclicality and a buildup of systemic risk in the financial sector that manifests itself during economic downturns.

Bank Size and Systemic Risk

Mr.Luc Laeven,Mr.Lev Ratnovski,Mr.Hui Tong
Bank Size and Systemic Risk Book PDF

Author : Mr.Luc Laeven,Mr.Lev Ratnovski,Mr.Hui Tong
Publisher : International Monetary Fund
Page : 34 pages
File Size : 46,7 Mb
Release : 2014-05-08
Category : Business & Economics
ISBN : 9781484363720

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Bank Size and Systemic Risk by Mr.Luc Laeven,Mr.Lev Ratnovski,Mr.Hui Tong Pdf

The proposed SDN documents the evolution of bank size and activities over the past 20 years. It discusses whether this evolution can be explained by economies of scale or “too big to fail” subsidies. The paper then presents evidence on the extent to which bank size and market-based activities contribute to systemic risk. The paper concludes with policy messages in the area of capital regulation and activity restrictions to reduce the systemic risk posed by large banks. The analysis of the paper complements earlier Fund work, including SDN 13/04 and the recent GFSR chapter on “too big to fail” subsidies, and its policy message is in line with this earlier work.

Maintaining Financial Stability in Times of Risk and Uncertainty

Behl, Abhishek,Nayak, Sushma
Maintaining Financial Stability in Times of Risk and Uncertainty Book PDF

Author : Behl, Abhishek,Nayak, Sushma
Publisher : IGI Global
Page : 377 pages
File Size : 41,7 Mb
Release : 2018-12-04
Category : Business & Economics
ISBN : 9781522572091

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Maintaining Financial Stability in Times of Risk and Uncertainty by Behl, Abhishek,Nayak, Sushma Pdf

Risks and uncertainties?market, financial, operational, social, humanitarian, environmental, and institutional?are the inherent realities of the modern world. Stock market crashes, demonetization of currency, and climate change constitute just a few examples that can adversely impact financial institutions across the globe. To mitigate these risks and avoid a financial crisis, a better understanding of how the economy responds to uncertainties is needed. Maintaining Financial Stability in Times of Risk and Uncertainty is an essential reference source that discusses how risks and uncertainties affect the financial stability and security of individuals and institutions, as well as probable solutions to mitigate risk and achieve financial resilience under uncertainty. Featuring research on topics such as financial fraud, insurance ombudsman, and Knightian uncertainty, this book is developed for researchers, academicians, policymakers, students, and scholars.

Financial Crises Explanations, Types, and Implications

Mr.Stijn Claessens,Mr.Ayhan Kose
Financial Crises Explanations Types and Implications Book PDF

Author : Mr.Stijn Claessens,Mr.Ayhan Kose
Publisher : International Monetary Fund
Page : 66 pages
File Size : 43,7 Mb
Release : 2013-01-30
Category : Business & Economics
ISBN : 9781475561005

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Financial Crises Explanations, Types, and Implications by Mr.Stijn Claessens,Mr.Ayhan Kose Pdf

This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.

Sweden

International Monetary Fund. Monetary and Capital Markets Department
Sweden Book PDF

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 61 pages
File Size : 50,7 Mb
Release : 2016-11-17
Category : Business & Economics
ISBN : 9781475554618

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Sweden by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper discusses the findings of the Financial System Stability Assessment for Sweden. The Swedish financial system is large and highly interconnected, putting a premium on the accompanying policy framework. Relative to the size of the domestic economy, the financial system is among Europe’s largest. It features complex domestic and international linkages, reflecting Sweden’s role as a regional financial hub. However, the macrofinancial risks have grown since 2011, for example the rising share of highly indebted households. Stress tests also suggest that banks and nonbanks are largely resilient to solvency shocks, but concerns persist about the ability of bank models to capture unexpected losses.

Central Banking, Asset Prices and Financial Fragility

Éric Tymoigne
Central Banking Asset Prices and Financial Fragility Book PDF

Author : Éric Tymoigne
Publisher : Routledge
Page : 337 pages
File Size : 43,5 Mb
Release : 2008-11-21
Category : Business & Economics
ISBN : 9781135976736

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Central Banking, Asset Prices and Financial Fragility by Éric Tymoigne Pdf

The current literature on central banking contains two distinct branches. On the one side, research focuses on the impact of monetary policy on economic growth, unemployment, and output-price inflation, while ignoring financial aspects. On the other side, some scholars leave aside macroeconomics in order to study the narrow, but crucial, subjects of financial behaviours, and financial supervision and regulation. This book aims at merging both approaches by using macroeconomic analysis to show that financial considerations should be the main preoccupation of central banks. Eric Tymoigne shows how different views regarding the conception of asset pricing lead to different positions regarding the appropriate role of a central bank in the economy. In addition, Hyman P. Minsky’s framework of analysis is used extensively and is combined with other elements of the Post Keynesian framework to study the role of a central bank. Tymoigne argues that central banks should be included in a broad policy strategy that aims at achieving stable full employment. Their sole goal should be to promote financial stability, which is the best way they can contribute to price stability and full employment. Central banks should stop moving their policy rate frequently and widely because that creates inflation, speculation, and economic instability. Instead, Tymoigne considers a pro-active financial policy that does not allow financial innovations to enter the economy until they are certified to be safe and that focuses on analyzing systemic risk. He argues that central banks should be a guide and a reformer that allow a smooth financing and funding of asset positions, while making sure that financial fragility does not increase drastically over a period of expansion. This book will be of interest to students and researchers engaged with central banking, macroeconomics, asset pricing and monetary economics.

Too Big to Fail

Gary H. Stern,Ron J. Feldman
Too Big to Fail Book PDF

Author : Gary H. Stern,Ron J. Feldman
Publisher : Rowman & Littlefield
Page : 247 pages
File Size : 50,5 Mb
Release : 2004-02-29
Category : Business & Economics
ISBN : 9780815796367

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Too Big to Fail by Gary H. Stern,Ron J. Feldman Pdf

The potential failure of a large bank presents vexing questions for policymakers. It poses significant risks to other financial institutions, to the financial system as a whole, and possibly to the economic and social order. Because of such fears, policymakers in many countries—developed and less developed, democratic and autocratic—respond by protecting bank creditors from all or some of the losses they otherwise would face. Failing banks are labeled "too big to fail" (or TBTF). This important new book examines the issues surrounding TBTF, explaining why it is a problem and discussing ways of dealing with it more effectively. Gary Stern and Ron Feldman, officers with the Federal Reserve, warn that not enough has been done to reduce creditors' expectations of TBTF protection. Many of the existing pledges and policies meant to convince creditors that they will bear market losses when large banks fail are not credible, resulting in significant net costs to the economy. The authors recommend that policymakers enact a series of reforms to reduce expectations of bailouts when large banks fail.

Restructuring Regulation and Financial Institutions

James R. Barth,R. Dan Brumbaugh,Glenn Yago
Restructuring Regulation and Financial Institutions Book PDF

Author : James R. Barth,R. Dan Brumbaugh,Glenn Yago
Publisher : Springer Science & Business Media
Page : 504 pages
File Size : 50,9 Mb
Release : 2001-08-31
Category : Business & Economics
ISBN : 0792373642

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Restructuring Regulation and Financial Institutions by James R. Barth,R. Dan Brumbaugh,Glenn Yago Pdf

Policy makers around the globe will find that Restructuring Regulation and Financial Institutions offers a cogent assessment of the contemporary regulatory environment in the U.S. financial markets, and a blueprint for action in evolving global financial markets. Financial markets are among the most highly-regulated markets in the world. Nevertheless, financial crises still occur, witness the U.S. savings-and-loan fiasco of the late 1980s and early 1990s, and the Mexican and East Asian Financial implosions of 1994 and 1997. What role does regulation play in stabilizing-or-destabilizing financial markets? Restructuring Regulation and Financial Institutions answers this question with incisive analysis of financial market regulation in the United States. Each paper considers how regulation enhances or impedes the efficiency of a particular financial sector, and is followed by comments by two or three noted experts. The result of this approach is a wealth of useful information that may be applied by policy makers contemplating the restructuring of regulations and financial institutions. The contributors to this volume are distinguished economists, many of whom have careers not just in business, government, or academia, but have held influential positions in all three. Such varied backgrounds enable the contributors to offer remarkable insights based on the best of theory and practice. Never before has understanding the workings of U.S. financial market regulation been so important to the development of world financial markets. The ramifications of financial regulation in the United States extend far beyond the nation's borders. World financial markets are undergoing dramatic change, driven by the rapid development and deployment of new technology that enables information-and money-to travel farther, faster. However, a Byzantine array of regulatory structures in the international arena hinders the development of efficient global financial markets. Policy makers around the world are attempting to address the issues by emulating the financial markets of the United States.