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Author : Falko Fecht
Publisher :
ISBN 13 : 9783865580887
Total Pages : 31 pages
Book Rating : 4.5/5 (88 download)
Download or read book Financial Integration and Systemic Risk written by Falko Fecht and published by . This book was released on 2005 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Falko Fecht
Publisher :
ISBN 13 : 9783865584663
Total Pages : 0 pages
Book Rating : 4.5/5 (846 download)
Download or read book Financial Integration, Specialization and Systemic Risk written by Falko Fecht and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Falko Fecht
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (784 download)
Download or read book Financial Integration, Specialization, and Systemic Risk written by Falko Fecht and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the implications of cross-border financial integration for financial stability when banks' loan portfolios adjust endogenously. Banks can be subject to sectoral and aggregate domestic shocks. After integration they can share these risks in a complete interbank market. When banks have a comparative advantage in providing credit to certain industries, financial integration may induce banks to specialize in lending. An enhanced concentration in lending does not necessarily increase risk, because a well-functioning interbank market allows to achieve the necessary diversification. This greater need for risk sharing, though, increases the risk of cross-border contagion and the likelihood of widespread banking crises. However, even though integration increases the risk of contagion it improves welfare if it permits banks to realize specialization benefits.
Author : Douglas Darrell Evanoff
Publisher : World Scientific
ISBN 13 : 9812833374
Total Pages : 455 pages
Book Rating : 4.8/5 (128 download)
Download or read book Globalization and Systemic Risk written by Douglas Darrell Evanoff and published by World Scientific. This book was released on 2009 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impact of globalization of financial markets is a highly debated topic, particularly in recent months when the issue of globalization and contagion of financial distress has become a focus of intense policy debate. The papers in this volume provide an up-to-date overview of the key issues in this debate. While most of the contributions were prepared after the initial outbreak of the current global turmoil and financial crisis, they identify the relative strengths of the risk diversification and risk transmission processes and examine the empirical evidence to date. The book considers the relative roles of banks, nonbank financial institutions and capital markets in both risk diversification and risk transmission. It then evaluates the current status of crisis resolution in a global context, and speculates where to go from here in terms of understanding, resolution, prevention and public policy.
Author : Jean-Pierre Fouque
Publisher : Cambridge University Press
ISBN 13 : 1107023432
Total Pages : 993 pages
Book Rating : 4.1/5 (7 download)
Download or read book Handbook on Systemic Risk written by Jean-Pierre Fouque and published by Cambridge University Press. This book was released on 2013-05-23 with total page 993 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook on Systemic Risk, written by experts in the field, provides researchers with an introduction to the multifaceted aspects of systemic risks facing the global financial markets. The Handbook explores the multidisciplinary approaches to analyzing this risk, the data requirements for further research, and the recommendations being made to avert financial crisis. The Handbook is designed to encourage new researchers to investigate a topic with immense societal implications as well as to provide, for those already actively involved within their own academic discipline, an introduction to the research being undertaken in other disciplines. Each chapter in the Handbook will provide researchers with a superior introduction to the field and with references to more advanced research articles. It is the hope of the editors that this Handbook will stimulate greater interdisciplinary academic research on the critically important topic of systemic risk in the global financial markets.
Author : Douglas D Evanoff
Publisher : World Scientific
ISBN 13 : 9814470317
Total Pages : 455 pages
Book Rating : 4.8/5 (144 download)
Download or read book Globalization And Systemic Risk written by Douglas D Evanoff and published by World Scientific. This book was released on 2009-01-05 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impact of globalization of financial markets is a highly debated topic, particularly in recent months when the issue of globalization and contagion of financial distress has become a focus of intense policy debate. The papers in this volume provide an up-to-date overview of the key issues in this debate. While most of the contributions were prepared after the initial outbreak of the current global turmoil and financial crisis, they identify the relative strengths of the risk diversification and risk transmission processes and examine the empirical evidence to date. The book considers the relative roles of banks, nonbank financial institutions and capital markets in both risk diversification and risk transmission. It then evaluates the current status of crisis resolution in a global context, and speculates where to go from here in terms of understanding, resolution, prevention and public policy.
Author : Guglielmo M. Caporale
Publisher : Edward Elgar Publishing
ISBN 13 : 1803926376
Total Pages : 683 pages
Book Rating : 4.8/5 (39 download)
Download or read book Handbook of Financial Integration written by Guglielmo M. Caporale and published by Edward Elgar Publishing. This book was released on 2024-05-02 with total page 683 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive Handbook deftly examines key aspects of financial integration, providing an overview of contemporary research and new perspectives. Employing state of the art econometric methods to obtain new empirical evidence, it will be critical for designing optimal policies, and appropriate investment and risk management strategies.
Author : Klaus Liebscher
Publisher : Edward Elgar Publishing
ISBN 13 : 1847203035
Total Pages : 570 pages
Book Rating : 4.8/5 (472 download)
Download or read book Financial Development, Integration and Stability written by Klaus Liebscher and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial industries in central, eastern and south-eastern Europe have undergone dramatic changes over the past decade. Foreign direct investment contributed to the development of market-oriented banking and financial systems able to support the rapid pace of economic growth in these countries. Policymakers, academics and private sector analysts have contributed to this volume with their stimulating insights on a broad range of issues, from recent credit booms to the cross-border integration of banking and capital markets. Anyone who wants to understand how finance, growth and financial stability interact in transition economies should read this book. Mario Draghi, Governor of the Banca d Italia and Chairman of the Financial Stability Forum This book highlights the achievements and challenges of the ongoing process of financial integration in Europe. The financial integration of Europe is both welcomed as an economic driving force and watched with concern as a source of potential stability. After all, changing financial, regulatory and corporate ownership structures are fuelling competition, capital mobility and financial intermediation, but at the same time creating new systemic risks. With a special focus on Central, Eastern and South-Eastern Europe, the contributors to this book explore a wide spectrum of underlying issues, including the finance-growth nexus, credit boom patterns, the implications of foreign bank entry modes, lessons learned from old EU member states and commercial bank strategies. Authoritative views from central bank officials and policymakers are complemented with a special focus on empirical and econometric evidence from academia as well as practical insights from key financial market players. This unique collection will be of great interest to economists and experts in the fields of financial markets and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes.
Author : Falko Fecht
Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (622 download)
Download or read book Financial Integration and Systematic Risk written by Falko Fecht and published by . This book was released on 2005 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gianni De Nicoló
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (318 download)
Download or read book Economic Integration and Financial Stability written by Gianni De Nicoló and published by International Monetary Fund. This book was released on 2006-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses changes in synchronization of real activity and financial market integration in Western Europe and evaluates their implications for financial stability. We find increased synchronization of real activity since the early 1980s and increased equity markets integration since the early 1990s. We also find that measures of systemic risk at large European financial institutions have not declined during the period 1990-2004 and that bank systemic risk profiles have converged. At the same time, the sensitivity of bank and insurance systemic risk measures to common real and financial shocks has increased in most countries. Overall, these results suggest that the integration process does not necessarily entail an unambiguously positive effect on financial stability.
Author : Joseph G. Haubrich
Publisher : University of Chicago Press
ISBN 13 : 0226921964
Total Pages : 286 pages
Book Rating : 4.2/5 (269 download)
Download or read book Quantifying Systemic Risk written by Joseph G. Haubrich and published by University of Chicago Press. This book was released on 2013-01-24 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the aftermath of the recent financial crisis, the federal government has pursued significant regulatory reforms, including proposals to measure and monitor systemic risk. However, there is much debate about how this might be accomplished quantitatively and objectively—or whether this is even possible. A key issue is determining the appropriate trade-offs between risk and reward from a policy and social welfare perspective given the potential negative impact of crises. One of the first books to address the challenges of measuring statistical risk from a system-wide persepective, 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, the effects of learning and adaptation on the evolution of the market, and the distinction between the shocks that start a crisis and the mechanisms that enable it to grow.
Author : Iván Arribas Fernández
Publisher : Fundacion BBVA
ISBN 13 : 8492937602
Total Pages : 207 pages
Book Rating : 4.4/5 (929 download)
Download or read book Banking Integration and Financial Crisis written by Iván Arribas Fernández and published by Fundacion BBVA. This book was released on 2015-12-03 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: La integración financiera, y del sistema bancaria en particular, han sido objeto de atención durante más de treinta años entre académicos, decisores políticos y técnicos del sector. Aunque varios factores incidan en esta tendencia ascendente, existe bastante consenso respecto a las ventajas de la integración, que son diversas y sustanciales. Sin embargo, la crisis financiera de 2007-2008 ha puesto en cuestión su expansión, dando lugar a una mayor diversidad de opiniones sobre el impacto global de una integración financiera y bancaria reforzada. En los cinco capítulos del libro se analiza de qué forma la reciente crisis financiera internacional ha contribuido a relanzar el debate sobre los posibles beneficios o riesgos de la integración financiera, considerando no solo los diferentes aspectos del tema sino las múltiples maneras de acercarse a ello. Los dos primeros capítulos analizan, para el caso español, el efecto de la expansión del mercado bancario cuando lleva parejo exposición al riesgo y desequilibrios de liquidez, así como el papel ejercido por la titulización antes de y durante las crisis. El tercer capítulo presenta nuevas medidas de integración bancaria para examinar la relación entre el grado de integración y el alcance de las crisis, mientras que los capítulos restantes emplean modelos teóricos para explicar los origines del contagio y del riesgo sistémico así como el efecto y la propagación de la caída de un banco a lo largo del sector. En el libro colaboran académicos de reconocido prestigio internacional en los campos contemplados. Estos van desde banca en general donde Santiago Carbó (Bangor Business School), Alfredo Martín (U. de las Islas Baleares), Francisco Rodríguez (U. Granada) and Emili Tortosa (U. Jaume I e Ivie) han publicado extensamente, hasta análisis de redes (sobre todo desde la perspectiva financiera), campo en el que Matteo Chinazzi y Giorgio Fagiolo (Sant’Anna School of Advanced Studies), Thomas Lux (U. Kiel, Kiel Inst. for the World Economy y U. Jaume I), Mattia Montagna (European Central Bank) e Iván Arribas (U. Valencia, ERICES e Ivie) han realizado aportaciones importantes.
Author : Otaviano Canuto
Publisher : World Bank Publications
ISBN 13 : 1464800030
Total Pages : 307 pages
Book Rating : 4.4/5 (648 download)
Download or read book Dealing with the Challenges of Macro Financial Linkages in Emerging Markets written by Otaviano Canuto and published by World Bank Publications. This book was released on 2013-10-29 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the challenges of macro financial linkages in the emerging markets.
Author : European Central Bank
Publisher :
ISBN 13 :
Total Pages : 376 pages
Book Rating : 4.:/5 (318 download)
Download or read book Report on Financial Structures written by European Central Bank and published by . This book was released on 2002 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gianni De Nicolo
Publisher :
ISBN 13 :
Total Pages : 7 pages
Book Rating : 4.:/5 (129 download)
Download or read book The Implications of Economic Integration for Financial Stability written by Gianni De Nicolo and published by . This book was released on 2008 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries in Western Europe have experienced increased synchronization of real activity since the early 1980s and increased financial integration since the early 1990s. What are the implications of this increased economic integration for financial stability? Measures of systemic risk at large European financial institutions indicate that risks to financial stability have not declined during the period 1990-2004, and that bank systemic risk profiles have become more similar.At the same time, the sensitivity of bank systemic risk measures to common real and financial shocks has increased in most countries. Overall, these results suggest that the integration process does not necessarily entail an unambiguously positive effect on financial stability.
Author : Helmut Willke
Publisher : Campus Verlag
ISBN 13 : 3593421267
Total Pages : 285 pages
Book Rating : 4.5/5 (934 download)
Download or read book Systemic Risk written by Helmut Willke and published by Campus Verlag. This book was released on 2013-09-10 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seit der Finanz- und Staatsschuldenkrise kursiert das Schlagwort des "systemischen Risikos". Doch handelt es sich dabei um ein ökonomisches oder um ein politisches Problem? Das Buch entwickelt ein integratives Verständnis von systemischen Risiken und beleuchtet Fragen der politischen Steuerung des globalen Finanzsystems im 21. Jahrhundert - und dabei der politischen Ordnung, Legitimität und Expertise.
Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292624199
Total Pages : 120 pages
Book Rating : 4.2/5 (926 download)
Download or read book Financial Integration and Macrofinancial Linkages in Asia written by Asian Development Bank and published by Asian Development Bank. This book was released on 2020-10-01 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian financial landscape has grown more interconnected over the past 2 decades. Previous financial crises have shown how financial volatility can transmit rapidly across an interconnected financial network. Empirical analyses have shown, moreover, how financial volatility can reverberate across the macroeconomy. This report summarizes the lessons from past crises, reviews the evidence of the macrofinancial linkages and feedback effects of financial distress, and proposes policy considerations and coordinated responses to enhance financial stability and resilience.
