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Systemic Risk:The Dynamics of Modern Financial Systems '18

Gai, Prasanna  著

在庫状況 国内在庫有り  僅少 お届け予定日 3~4日  数量 冊 
価格 \7,518(税込)         

発行年月 2018年02月
出版社/提供元
出版国 イギリス
言語 英語
媒体 冊子
装丁 paper
ページ数/巻数 152 p., 35 Figures, 7 Tables
ジャンル 洋書/社会科学/経済学/金融経済学
ISBN 9780198820413
商品コード 1025376787
本の性格 実務向け
新刊案内掲載月 2017年12月
商品URL
参照
https://kw.maruzen.co.jp/ims/itemDetail.html?itmCd=1025376787

内容

Systemic Risk opens new ground in the study of financial crises. It treats the financial system as a complex adaptive system and shows how lessons from network disciplines - such as ecology, epidemiology, and statistical mechanics - shed light on our understanding of financial stability. Using tools from network theory and economics, it suggests that financial systems are robust-yet-fragile, with knife-edge properties that are greatly exacerbated by the hoarding of funds and the fire sale of assets by banks. This book studies the damaging network consequences of the failure of large inter-connected institutions, explains how key funding markets can seize up across the entire financial system, and shows how the pursuit of secured finance by banks in the wake of the global financial crisis can generate systemic risks. The insights are then used to model banking systems calibrated to data to illustrate how financial sector regulators are beginning to quantify financial system stress.

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