Understanding Systemic Risk in Global Financial Markets (Wiley Finance) - Hardcover

Gottesman, Aron; Leibrock, Michael

Hardcover

ISBN 10: 1119348501 ISBN 13: 9781119348504

Verlag: Wiley, 2017

Inhaltsangabe

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.

Über diesen Titel

Über die Autorin bzw. den Autor

ARON GOTTESMAN is Professor of Finance and the chair of the Department of Finance and Economics at the Lubin School of Business at Pace University. He is widely published in academic journals and is the author of Derivatives Essentials: An Introduction to Forwards, Futures, Options, and Swaps.

MICHAEL LEIBROCK is managing director, chief systemic risk officer, and head of Counterparty Credit Risk for The Depository Trust & Clearing Corporation (DTCC). He serves as chair of DTCC’s Model Risk Governance Committee and co-chair of the Systemic Risk Council, and is an active speaker globally on the topics of systemic and credit risk.

Von der hinteren Coverseite

Systemic risk is the risk that developments in the financial system will disrupt financial stability and the economy. While systemic risk has been a central concern since the Credit Crisis of 2007–2009, the history of finance shows that financial crises occur frequently and threats to financial stability are constant, requiring careful monitoring and management of systemic risk. Understanding Systemic Risk in Global Financial Markets is your in-depth primer on the core principles and dynamics of systemic risk that comes complete with a real-world approach to managing it.

In a brilliant presentation specifically designed for accelerated learning, two thought leaders from academia and business take you on an enlightening exploration of the prime drivers of systemic events―through such historic happenings as the Dutch Tulip Crisis, South Street Sea Bubble, the Great Depression, and the Credit Crisis of 2007–2009 ― to offer an advantageous perspective on how these drivers influence banks and other financial institutions designated as systemically important. Without presuming any advanced background in mathematics, straightforward explanations illuminate theories in both economics and human behavior that contribute to financial crises in an attempt to understand the impact of potential events in the future. Through the unique lens this guidebook offers, you can clearly see the interconnectedness financial firms have with each other and the rest of the world, while gaining:

• A practical understanding of how to monitor and analyze real-world conditions to mitigate impact from a systemic crisis
• A firm grasp of U.S. financial regulation, including the Dodd-Frank Act, as well as key international regulators and standards such as the Financial Stability Board and the Basel Accords
• Cutting-edge insight into the latest ways data is now used to effectively monitor systemic financial risks

Understanding Systemic Risk in Global Financial Markets gives you the perspective and hands-on skillset to effectively monitor and respond to events that can threaten financial stability.

Aus dem Klappentext

Systemic risk is the risk that developments in the financial system will disrupt financial stability and the economy. While systemic risk has been a central concern since the Credit Crisis of 2007–2009, the history of finance shows that financial crises occur frequently and threats to financial stability are constant, requiring careful monitoring and management of systemic risk. Understanding Systemic Risk in Global Financial Markets is your in-depth primer on the core principles and dynamics of systemic risk that comes complete with a real-world approach to managing it.

In a brilliant presentation specifically designed for accelerated learning, two thought leaders from academia and business take you on an enlightening exploration of the prime drivers of systemic events—through such historic happenings as the Dutch Tulip Crisis, South Street Sea Bubble, the Great Depression, and the Credit Crisis of 2007–2009 — to offer an advantageous perspective on how these drivers influence banks and other financial institutions designated as systemically important. Without presuming any advanced background in mathematics, straightforward explanations illuminate theories in both economics and human behavior that contribute to financial crises in an attempt to understand the impact of potential events in the future. Through the unique lens this guidebook offers, you can clearly see the interconnectedness financial firms have with each other and the rest of the world, while gaining:

• A practical understanding of how to monitor and analyze real-world conditions to mitigate impact from a systemic crisis
• A firm grasp of U.S. financial regulation, including the Dodd-Frank Act, as well as key international regulators and standards such as the Financial Stability Board and the Basel Accords
• Cutting-edge insight into the latest ways data is now used to effectively monitor systemic financial risks

Understanding Systemic Risk in Global Financial Markets gives you the perspective and hands-on skillset to effectively monitor and respond to events that can threaten financial stability.

Details zur Ausgabe

• Verlag: Wiley
• Erscheinungsdatum: 2017
• Sprache: Englisch
• ISBN 10: 1119348501
• ISBN 13: 9781119348504
• Einband: Gebundene Ausgabe
• Auflage: 1
• Anzahl der Seiten: 272
• Kontakt zum Hersteller: Wiley-VCH GmbH; product_safety@wiley.com; ; Boschstrasse 12; Weinheim; 69469; Deutschland