Understanding Systemic Risk in Global Financial Markets (Wiley Finance) - Hardcover

Über die Autorin bzw. den Autor

ARON GOTTESMAN is Professor of Finance and the chair of the Department of Finance and Economics at the Lubin School of Business at Pace University. He is widely published in academic journals and is the author of Derivatives Essentials: An Introduction to Forwards, Futures, Options, and Swaps.

MICHAEL LEIBROCK is managing director, chief systemic risk officer, and head of Counterparty Credit Risk for The Depository Trust & Clearing Corporation (DTCC). He serves as chair of DTCC’s Model Risk Governance Committee and co-chair of the Systemic Risk Council, and is an active speaker globally on the topics of systemic and credit risk.

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Systemic risk is the risk that developments in the financial system will disrupt financial stability and the economy. While systemic risk has been a central concern since the Credit Crisis of 2007–2009, the history of finance shows that financial crises occur frequently and threats to financial stability are constant, requiring careful monitoring and management of systemic risk. Understanding Systemic Risk in Global Financial Markets is your in-depth primer on the core principles and dynamics of systemic risk that comes complete with a real-world approach to managing it.

In a brilliant presentation specifically designed for accelerated learning, two thought leaders from academia and business take you on an enlightening exploration of the prime drivers of systemic events―through such historic happenings as the Dutch Tulip Crisis, South Street Sea Bubble, the Great Depression, and the Credit Crisis of 2007–2009 ― to offer an advantageous perspective on how these drivers influence banks and other financial institutions designated as systemically important. Without presuming any advanced background in mathematics, straightforward explanations illuminate theories in both economics and human behavior that contribute to financial crises in an attempt to understand the impact of potential events in the future. Through the unique lens this guidebook offers, you can clearly see the interconnectedness financial firms have with each other and the rest of the world, while gaining:

• A practical understanding of how to monitor and analyze real-world conditions to mitigate impact from a systemic crisis
• A firm grasp of U.S. financial regulation, including the Dodd-Frank Act, as well as key international regulators and standards such as the Financial Stability Board and the Basel Accords
• Cutting-edge insight into the latest ways data is now used to effectively monitor systemic financial risks

Understanding Systemic Risk in Global Financial Markets gives you the perspective and hands-on skillset to effectively monitor and respond to events that can threaten financial stability.

Aus dem Klappentext

Systemic risk is the risk that developments in the financial system will disrupt financial stability and the economy. While systemic risk has been a central concern since the Credit Crisis of 2007–2009, the history of finance shows that financial crises occur frequently and threats to financial stability are constant, requiring careful monitoring and management of systemic risk. Understanding Systemic Risk in Global Financial Markets is your in-depth primer on the core principles and dynamics of systemic risk that comes complete with a real-world approach to managing it.

In a brilliant presentation specifically designed for accelerated learning, two thought leaders from academia and business take you on an enlightening exploration of the prime drivers of systemic events—through such historic happenings as the Dutch Tulip Crisis, South Street Sea Bubble, the Great Depression, and the Credit Crisis of 2007–2009 — to offer an advantageous perspective on how these drivers influence banks and other financial institutions designated as systemically important. Without presuming any advanced background in mathematics, straightforward explanations illuminate theories in both economics and human behavior that contribute to financial crises in an attempt to understand the impact of potential events in the future. Through the unique lens this guidebook offers, you can clearly see the interconnectedness financial firms have with each other and the rest of the world, while gaining:

• A practical understanding of how to monitor and analyze real-world conditions to mitigate impact from a systemic crisis
• A firm grasp of U.S. financial regulation, including the Dodd-Frank Act, as well as key international regulators and standards such as the Financial Stability Board and the Basel Accords
• Cutting-edge insight into the latest ways data is now used to effectively monitor systemic financial risks

Understanding Systemic Risk in Global Financial Markets gives you the perspective and hands-on skillset to effectively monitor and respond to events that can threaten financial stability.