
By Peter Sarlin
This ebook techniques macroprudential oversight from the perspective of 3 projects. the focal point matters a good integration of potential for possibility verbal exchange into analytical instruments for possibility identity and hazard evaluation. often, this ebook explores techniques for representing advanced info touching on monetary entities on low-dimensional monitors. info and size relief equipment, and their mixtures, carry promise for representing multivariate information constructions in simply comprehensible codecs. as a result, this publication creates a Self-Organizing monetary balance Map (SOFSM), and lays out a basic framework for mapping the kingdom of monetary balance. past exterior threat communique, the purpose of the visible skill is to aid disciplined and based judgmental research established upon policymakers' adventure and area intelligence.
Read or Download Mapping Financial Stability PDF
Best macroeconomics books
Studies in the Economics of Transportation
There are targeted complexities linked to the industrial valuation of clever Transportation structures (ITS) and telematics. conventional tools of quantitative research will not be applicable in effectively and reliably assessing the industrial affects of those applied sciences. even if complex transportation and similar applied sciences are being deliberate and deployed at an more and more quick velocity, some of the applied sciences are nonetheless rather new, and their use will not be frequent.
Principles of Financial Economics
This publication introduces graduate scholars in economics to the subfield of economic economics. It stresses the hyperlink among monetary economics and equilibrium conception, devoting much less realization to in basic terms monetary issues akin to valuation of derivatives. given that scholars frequently locate this hyperlink challenging to understand, the therapy goals to make the relationship specific and transparent in each one level of the exposition.
- China's Economic Rise and Its Global Impact
- The Austrian Theory of the Trade Cycle and Other Essays, 2nd Edition
- Tax Justice and the Political Economy of Global Capitalism, 1945 to the Present
- Ruling Europe: The Politics of the Stability and Growth Pact
- The Representative Agent in Macroeconomics (Routledge Frontiers of Political Economy)
- Neoliberalism in Crisis (International Political Economy Series)
Additional info for Mapping Financial Stability
Example text
Aharony and Swary (1983) and Peavy and Hempel (1988) focused on (US) banks, and their resilience to a number of failures. , Slovin et al. (1993) and Dockinga et al. (1997)] found mixed results on contagion effects depending on the considered banks. , Smirlock and Kaufold (1987) and Wall and Peterson (1990)]. One explanation to the mixed results might be typically observed differences in patterns during tranquil and crisis periods, where crises include non-linear and extreme stock-price movements.
Notes The figure shows interrelations of the three components of the financial system: financial markets, intermediaries and market infrastructures. The figure is an adapted version of that in ECB (2012a) and follows the description in Fell and Schinasi (2005) Broadly speaking, financial markets may be thought of as a mechanism for people to trade various financial securities, commodities and other fungible items at prices that reflect the markets. In a larger context, Schinasi (2004) summarizes the key functions of a financial system in fostering and supporting the real economy by matching investors with savers, allocating and pricing financial risks and resources and supporting various intertemporal economic processes like wealth accumulation, economic growth, and social prosperity.
This chapter draws upon literature reviews in Bandt and Hartmann (2002), Bandt et al. (2009) and ECB (2009), in addition to a wide range of other sources to which in-text references are provided. 1 Theoretical Models This subsection discusses the theoretical literature related to the three forms of systemic risk. While the literature is currently developing at a tremendous pace, many important older works continue to be relevant. We start by discussing the literature on lending booms and build-ups of imbalances that goes half a century back in time, then we focus on theoretical works on macroeconomic aggregate shocks to the economy, and finally on the literature on interbank contagion.