Understanding systemic risk in global financial markets
By: Aron Gottesman, Michael Leibrock
Contributors: Leibrock, Michael, 1966- author
Series: Wiley finance series; Wiley finance series
Published: 2017
Language: eng
Number of pages: 252
ISBN-13: 9781119348504
Subjects: Financial institutions; Financial crises; Risk; Financial risk management
Description: 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 institutionsThe tools to use to detect early warning indications of defaultA review of historical systemic events their common causesTechniques to measure interconnectednessApproaches 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.--
Notes: Includes bibliographical references and index.