Systemic Financial Risk: An Emerging Market Perspective - Hardcover

Hardcover

ISBN 10: 3031548086 ISBN 13: 9783031548086

Verlag: Palgrave Macmillan, 2024

Inhaltsangabe

This book provides an analysis of various sources and forms of systemic financial risk. It focuses on the most pressing research questions for both advanced and emerging market economies, including green finance, ESG agenda and related risks, international financial connectivity across countries and financial institutions, and catastrophic risks modeling. Part 1 considers emerging research issues in risk assessment and management, including new approaches to measuring financial development, trends and prospects of green finance, and cross-country financial spillovers. Part 2 casts a more nuanced look at the quantitative models and methods adopted in risk assessment and risk management, putting such issues as measuring catastrophic risks, liquidity mismatches as well as modeling probabilities of default and the impact of macroeconomic fundamentals on capital adequacy ratios in the Russian banking sector in the spotlight. Finally, Part 3 discusses the new regulatory challenges dealingwith risk assessment and risk management, such as macroprudential policies which have proved efficient to mitigate systemic risk are investigated.

 

The book offers a comprehensive picture of the challenges which emerging market economies are facing in the field of financial risk assessment and management. Specifically, the challenges are discussed in the context of elaborated models and policy responses, which are based on the up-to-date theoretical contributions and empirical evidence from various fields, making the book relevant to professors, researchers, graduate students, and practitioners of risk management, international finance, and financial services.

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Über die Autorin bzw. den Autor

Alexander Karminsky is a Research Professor in the Faculty of Economic Sciences/School of Finance at HSE University. Prof. Karminsky is also in charge of the Laboratory of Financial Innovation and Risk Management at HSE University. He is a distinguished scholar in the field of banking, risk management, and innovations research. He has authored a number of publications in international peer-reviewed journals and monographs. Prof. Karminsky is a member of organizing and scientific committees of important conferences and workshops in the field of finance and risk management both in Russia and abroad.

Mikhail Stolbov is Chair of the Department of Applied Economics and Professor in the Economics and Banking Business Department at MGIMO University. Since 2015, he is a distinguished professor of the Russian Academy of Sciences. His research focuses on financial stability, systemic risk, finance-growth nexus and green finance. Prof. Stolbov has a number of publications in leading peer-reviewed journals, both domestic and international. Prof. Stolbov regularly delivers talks at influential conferences in the field of international finance, financial stability and empirical macroeconomics in Russia and abroad.

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This book provides an analysis of various sources and forms of systemic financial risk. It focuses on the most pressing research questions for both advanced and emerging market economies, including green finance, ESG agenda and related risks, international financial connectivity across countries and financial institutions, and catastrophic risks modeling. Part 1 considers emerging research issues in risk assessment and management, including new approaches to measuring financial development, trends and prospects of green finance, and cross-country financial spillovers. Part 2 casts a more nuanced look at the quantitative models and methods adopted in risk assessment and risk management, putting such issues as measuring catastrophic risks, liquidity mismatches as well as modeling probabilities of default and the impact of macroeconomic fundamentals on capital adequacy ratios in the Russian banking sector in the spotlight. Finally, Part 3 discusses the new regulatory challenges dealing with risk assessment and risk management, such as macroprudential policies which have proved efficient to mitigate systemic risk are investigated. 

The book offers a comprehensive picture of the challenges which emerging market economies are facing in the field of financial risk assessment and management. Specifically, the challenges are discussed in the context of elaborated models and policy responses, which are based on the up-to-date theoretical contributions and empirical evidence from various fields, making the book relevant to professors, researchers, graduate students, and practitioners of risk management, international finance, and financial services.

Alexander Karminsky is a Research Professor in the Faculty of Economic Sciences/School of Finance at HSE University. Prof. Karminsky is also in charge of the Laboratory of Financial Innovation and Risk Management at HSE University. He is a distinguished scholar in the field of banking, risk management, and innovations research. He has authored a number of publications in international peer-reviewed journals and monographs. Prof. Karminsky is a member of organizing and scientific committees of important conferences and workshops in the field of finance and risk management both in Russia and abroad.

Mikhail Stolbov is Chair of the Department of Applied Economics and Professor in the Economics and Banking Business Department at MGIMO University. Since 2015, he is a distinguished professor of the Russian Academy of Sciences. His research focuses on financial stability, systemic risk, finance-growth nexus and green finance. Prof. Stolbov has a number of publications in leading peer-reviewed journals, both domestic and international. Prof. Stolbov regularly delivers talks at influential conferences in the field of international finance, financial stability and empirical macroeconomics in Russia and abroad.

Details zur Ausgabe

• Verlag: Palgrave Macmillan
• Erscheinungsdatum: 2024
• Sprache: Englisch
• ISBN 10: 3031548086
• ISBN 13: 9783031548086
• Einband: Gebundene Ausgabe
• Anzahl der Seiten: 357
• Herausgeber: Karminsky Alexander, Stolbov Mikhail
• Kontakt zum Hersteller: Springer Nature Customer Service Center GmbH; ProductSafety@springernature.com; ; Europaplatz 3,69115 Heidelberg, Germany; Heidelberg; 69115; Deutschland