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.
