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Systemic Financial Crises Containment and Resolution by

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Published by Cambridge University Press .
Written in English


  • Finance,
  • Financial services industry,
  • Financial crises,
  • Business/Economics,
  • Business & Economics,
  • Business / Economics / Finance,
  • Economics - Microeconomics,
  • Business & Economics / Finance

Book details:

Edition Notes

ContributionsPatrick Honohan (Editor), Luc Laeven (Editor)
The Physical Object
Number of Pages396
ID Numbers
Open LibraryOL7766702M
ISBN 100521851858
ISBN 109780521851855

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  The book was written while Laeven, who is currently at the ECB, was a staff member of the IMF. References. Clement, P (), “The term “macroprudential”: origins and evolution”, BIS Quarterly Review, March. Freixas, X, L Laeven, and J-L Peydró (), Systemic Risk, Crises, and Macroprudential Regulation, Boston, MA: MIT Press, June 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 by: 8.   Read "Systemic Financial Crises Containment and Resolution" by available from Rakuten Kobo. Faced with a systemic financial sector crisis, policymakers need to make difficult choices under pressure. Based on the Brand: Cambridge University Press.   Now available. In late , the world's financial system was teetering on the brink of systemic collapse. While the impacts of the global financial crisis would be felt immediately, at every level of the economy, it would also send years-long aftershocks through investment, banking and regulatory circles worldwide.

Systemic Financial Crises: Containment and Resolution by Patrick Honohan and a great selection of related books, art and collectibles available now at   Buy Systemic Financial Crises Books online at best prices in India by Luc Laeven,Patrick (The World Bank) Honohan,Luc (The World Bank) Laeven,Patrick Honohan from Buy Systemic Financial Crises online of India’s Largest Online Book Store, Only Genuine Products. Lowest price and Replacement Guarantee. Cash On Delivery Available! A framework for macroprudential regulation that defines systemic risk and macroprudential policy, describes macroprudential tools, and surveys the effectiveness of existing macroprudential regulation. The recent financial crisis has shattered all standard approaches to banking regulation. Regulators now recognize that banking regulation cannot be simply based on individual . This chapter gives a definition of systemic risk, identifies the key elements and consequences of systemic risk, and presents a taxonomy, together with some illustrations of past systemic financial crises. The discussion includes other definitions given in the literature on systemic risk, including definitions that we believe are not adequate.

“An outstanding history of financial crises, including the devastating crisis of , with a very valuable framework for understanding why the engine of the financial system occasionally breaks down, and what types of policy actions by central banks and governments are necessary to resolve systemic financial crises. This book develops a new theoretical approach to the explanation of systemic financial crises in industrial and emerging market countries. In contrast to standard models, the present cyclical approach is consistent with the following three stylized facts. Get this from a library! Systemic financial crises: containment and resolution. [Patrick Honohan; Luc Laeven;] -- "Faced with a systemic financial sector crisis, policy makers need to make difficult choices under pressure. Based on the experience of many countries in recent years, few have been able to achieve a. Get this from a library! Systemic Financial Crises: Containment and Resolution. [Patrick Honohan; Luc Laeven;] -- This book was first published in Faced with a systemic financial sector crisis, policymakers need to make difficult choices under pressure. Based on the experience of many countries in recent.