Labour economics
New Directions for Understanding Systemic Risk
A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences
by John Kambhu, Scott Weidman, and Neel Krishnan, Rapporteurs, National Research Council
Description
The stability of the financial system and the potential for systemic events to alter its function have long been critical issues for central bankers and researchers. Recent events suggest that older models of systemic shocks might no longer capture all of the possible paths of such disturbances or account for the increasing complexity of the financial system. To help assess these concerns, the Federal Reserve Bank of New York and the NRC cosponsored a conference that brought together engineers, scientists, economists, and financial market experts to promote better understanding of systemic risk in a variety of fields. The book presents an examination of tools used in ecology and engineering to study systemic collapse in those areas; a review of current trends in economic research on systemic risk, the payments system, and the market of interbank funds; and for context, descriptions of how systemic risk in the financial system affects trading activities.
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WW ex JP, CN, KR ; L
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http://www.nap.edu/11914
National Academies Press
The National Academies Press (NAP) publish the reports of the National Academies of Sciences, Engineering and Medicine. They published more than 200 books a year on a wide range of topics.
View all titlesBibliographic Information
- Publisher National Academies Press
- Publication Date December 2007
- Orginal LanguageEnglish
- ISBN/Identifier 9780309107525
- Publication Country or regionUnited States
- FormatPaperback
- Primary Price 31 USD
- Pages120
- ReadershipProfessional and scholarly
- Publish StatusPublished
- Dimensions9 x 6 inches
- Biblio Notes2007
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