Understanding systemic risk in global financial markets

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 f...

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Bibliographic Details
Main Authors: Gottesman, Aron, Leibrock, Michael (Author)
Format: eBook
Language:English
Published: Hoboken, New Jersey Wiley 2017
Series:Wiley finance
Subjects:
Online Access:
Collection: O'Reilly - Collection details see MPG.ReNa
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245 0 0 |a Understanding systemic risk in global financial markets  |c Aron Gottesman and Michael Leibrock 
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505 0 |a Includes bibliographical references and index 
505 0 |a Introduction to systemic risk -- How we got here: a history of financial crises -- The credit crisis of 2007-2009 -- Systemic risk, economic and behavioral theories: what can we learn? -- Systemic risk data -- Macroprudential versus microprudential oversight -- Introduction to the U.S. regulatory regime -- Introduction to international regulatory regimes -- Systemically important entities -- The Volcker rule -- Counterparty credit risk -- The Dodd-Frank Act and counterparty credit risk -- The Basel Accords -- Lender of last resort -- Interconnectedness risk -- Conclusion: looking ahead -- Appendix: systemic risk models 
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520 |a 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