assessment
banking systems
capitalism
cash flow constraints
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economic research
economics
economy
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federal reserve bank
finance
financial crisis
free markets
hedge funds
innovation
liquidity
macroeconomics
mathematical models
microeconomics
money
political science
politics
power
quantitative measures
regulatory reforms
shocks
social welfare perspective
society
sociology
system-wide persepective
systemic risk
technology
wealth
Product details
- ISBN 9780226319285
- Weight: 567g
- Dimensions: 16 x 24mm
- Publication Date: 24 Jan 2013
- Publisher: The University of Chicago Press
- Publication City/Country: US
- Product Form: Hardback
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In the aftermath of the recent financial crisis, the federal government has pursued regulatory reforms, including proposals to monitor systemic risk. However, there is much debate about how this might be accomplished and whether it is even possible. A key issue is determining the appropriate trade-offs from a policy and social welfare perspective. One of the first books to address the challenges of measuring risk, "Quantifying Systemic Risk" looks at the means of measuring systemic risk and explores alternative approaches. Among the topics discussed are the challenges of tying regulations to specific quantitative measures and the distinction between the shocks that start a crisis and the mechanisms that enable it to grow.
Joseph G. Haubrich is vice president of and an economist at the Federal Reserve Bank of Cleveland. Andrew W. Lo is the Charles E. and Susan T. Harris Group Professor of Finance and director of the Laboratory for Financial Engineering at the Massachusetts Institute of Technology.
