Financial Contagion : The Viral Threat to the Wealth of Nations.
Title:
Financial Contagion : The Viral Threat to the Wealth of Nations.
Author:
Kolb, Robert W.
ISBN:
9781118016503
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (428 pages)
Series:
Robert W. Kolb Ser. ; v.604
Robert W. Kolb Ser.
Contents:
FINANCIAL CONTAGION -- Contents -- Introduction -- Acknowledgments -- PART ONE Contagion: Theory and Identification -- 1 What Is Financial Contagion? -- 2 Correlation Analysis of Financial Contagion -- 3 Uncertainty and Contagion -- 4 Contagion Dating through Market Interdependence Analysis and Correlation Stability -- 5 Contagion or Interdependence: Does the Speed of the Transmission of Shocks Matter? -- 6 Modeling International Financial Markets Contagion: Using Copula and Risk Appetite -- 7 The Origins and Resolution of Financial Crises: A Policy Dilemma -- 8 Runs on Chartered and Shadow Banks: The Mechanics and Implications -- 9 Debt and Currency Crises -- 10 A Fixed-Time Effects Model of Contagion -- 11 Contagion or Interdependence in the Financial Markets of Asia, Latin America, and the United States: From Tequila Effect to the Subprime Crisis -- PART TWO Contagion and the Asian Financial Crisis -- 12 Dynamic Correlation Analysis of Financial Contagion: Evidence from Asian Markets -- 13 Contagion Effects, Informational Effects, and Economic Fundamentals: An Analysis of Exchange Rate Dynamics during the Asian Currency Crisis -- 14 Contagion and the Transmission of Financial Crises -- 15 The Russian Financial Crisis, U.S. Financial Stock Returns, and the International Monetary Fund -- PART THREE Contagion and Emerging Markets -- 16 Measuring Bulls and Bears Synchronization in East Asian Stock Markets -- 17 Linkages between Debt Markets in the United States and Emerging Economies -- 18 Financial Spillovers and Contagion from Mature to Emerging Stock Markets -- 19 Is There Any Contagion in Emerging Debt Markets? -- 20 Measuring Contagion in Emerging Market Bonds -- 21 Risk Appetite and Emerging Market Spreads -- 22 Emerging Countries' Sovereign Risk: Balance Sheet Effects, Global Risk Aversion, and Contagion.
23 Responses of Emerging Countries to the Global Financial Crisis -- PART FOUR Contagion in the Financial Crisis of 2007-2009 -- 24 Contagion and the Real Economy during the Global Financial Crisis -- 25 The Financial Crisis of 2008 and Subprime Securities -- 26 The Transmission of Liquidity Shocks during the Financial Crisis of 2007-2009 -- 27 Credit Contagion from Counterparty Risk -- 28 Contagion and Spillover Effects of the U.S. Subprime Crisis: Evidence from International Stock Markets -- 29 Market or Bank Contagion: Evidence from the Market Crisis of 2007-2009 -- 30 China, India, and the Global Financial Crisis of 2007-2009 -- 31 Financial Contagion from the U.S. to Asian Markets in Global Financial Turmoil -- 32 Signals of Global Financial Problems -- PART FIVE Regional Contagion -- 33 Efficiency, Cointegration, and Contagion in East Asian Stock Markets: Implications for Investors and Policy Makers -- 34 Regional Financial Interlinkages and Financial Contagion within Europe -- 35 Domino Effects from Cross-Border Exposures -- 36 Interbank Markets as a Source of Contagion -- PART SIX Contagion within an Economy -- 37 Cross-Border Lending Contagion in Multinational Banks -- 38 The Transmission of Speculative Bubbles between Sectors of the S&P 500 during the Tech Bubble -- 39 Overlapping Boards of Directors: Causes and Consequences for Corporate Governance -- 40 The Credit Default Swap Market in Turmoil: The Case of the GMand Ford Crisis of 2005 -- 41 Equity Market Contagion and Comovement: Industry Level Evidence -- 42 Price Contagion of Foreclosed Properties -- 43 Liquidity and Hedge Fund Contagion -- 44 No One Is Safe: Bankruptcy Spreads throughout an Economy -- 45 The Contagion Effects of Accounting Restatements: A Summary -- 46 Are Banks' Earnings Surprises Contagious? -- Index.
Abstract:
"Financial Contagion: The Viral Threat to the Wealth of Nations covers a lot of territory. It is, of course, terribly important to analyze case histories to discover potential triggers, mechanisms of transmission, and viable ways to contain the damage of financial contagion. The problem is, as these articles amply demonstrate, that there's always a new virus or a mutation of a former one lurking in some corner of the financial world. We don't know what it is or where it is. And, even if we had some inkling, there's almost never enough time to develop a financial flu shot." --SeekingAlpha.com The latest insights on financial contagion and how both nations and investors can effectively deal with it. The domino-style structure in which the financial system exists is a perilous one. Although historically, the financial system has been able to deal with major shocks, the fact remains that our financial system is not as secure as it should be. Recent years have brought about too many examples of contagion and systemic risk. That is why Financial Contagion is such an important read. In it, the serious concerns that revolve around our fragile economic system are investigated, researched, and explained. Throughout the book, Kolb offers valuable insights on this dilemma as he compiles the history of financial contagion, highlights the latest research on systemic failure and interrelated markets, and analyzes the risks and consequences we face moving forward. Examines the importance of careful regulation and what must be done to stabilize the global financial system Includes contributed chapters from both academics and experienced professionals, offering a variety of perspectives and a rich interplay of ideas Details how close we are to witnessing a financial contagion that could devastate the world economy We have been harshly reminded of how fragile our
economic ecosystem is. With Financial Contagion, you'll hold a better understanding of what needs to be done to strengthen our system and safeguard our financial future.
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.
Genre:
Added Author:
Electronic Access:
Click to View