The Risks of Financial Institutions.
Title:
The Risks of Financial Institutions.
Author:
Carey, Mark.
ISBN:
9780226092980
Personal Author:
Physical Description:
1 online resource (669 pages)
Series:
National Bureau of Economic Research Conference Report
Contents:
Contents -- Acknowledgments -- Introduction -- I. Market Risk, Risk Modeling, and Financial System Stability -- 1. Bank Trading Risk and Systemic Risk -- 2. Estimating Bank Trading Risk: A Factor Model Approach -- II. Systemic Risk -- 3. How Do Banks Manage Liquidity Risk?Evidence from the Equity and Deposit Marketsin the Fall of 1998 -- 4. Banking System Stability:A Cross-Atlantic Perspective -- 5. Bank Concentration and Fragility:Impact and Mechanics -- 6. Systemic Risk and Hedge Funds -- III. Regulation -- 7. Systemic Risk and Regulation -- 8. Pillar 1 versus Pillar 2 under Risk Management -- IV. New Frontiers in Risk Measurement -- 9. Global Business Cycles and Credit Risk -- 10. Implications of Alternative Operational RiskModeling Techniques -- 11. Practical Volatility and Correlation Modelingfor Financial Market Risk Management -- 12. Special Purpose Vehicles and Securitization -- 13. Default Risk Sharing between Banks andMarkets: The Contribution of CollateralizedDebt Obligations -- Biographies -- Contributors -- Author Index -- Subject Index.
Abstract:
Until about twenty years ago, the consensus view on the cause of financial-system distress was fairly simple: a run on one bank could easily turn to a panic involving runs on all banks, destroying some and disrupting the financial system. Since then, however, a series of events-such as emerging-market debt crises, bond-market meltdowns, and the Long-Term Capital Management episode-has forced a rethinking of the risks facing financial institutions and the tools available to measure and manage these risks. The Risks of Financial Institutions examines the various risks affecting financial institutions and explores a variety of methods to help institutions and regulators more accurately measure and forecast risk. The contributors--from academic institutions, regulatory organizations, and banking--bring a wide range of perspectives and experience to the issue. The result is a volume that points a way forward to greater financial stability and better risk management of financial institutions.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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