New Directions for Understanding Systemic Risk
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A01=Board on Mathematical Sciences and Their Applications
A01=Division on Engineering and Physical Sciences
A01=National Research Council
Author_Board on Mathematical Sciences and Their Applications
Author_Division on Engineering and Physical Sciences
Author_National Research Council
Category=GPQD
Category=KFF
Category=KJMD
Category=KNS
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Product details
- ISBN 9780309107525
- Dimensions: 152 x 229mm
- Publication Date: 17 Dec 2007
- Publisher: National Academies Press
- Publication City/Country: US
- Product Form: Paperback
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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.
John Kambhu, Scott Weidman, and Neel Krishnan, Rapporteurs, National Research Council
