This book studies the measurement and the determinants of systemic risk, paying special attention to the role of the Credit Default Swaps (CDSs) either as financial instruments containing valuable information about the soundness of the ...
This book studies the damaging network consequences of the failure of large inter-connected institutions, explains how key funding markets can seize up across the entire financial system, and shows how the pursuit of secured finance by ...
This book applies some of the lessons from network disciplines - such as ecology, epidemiology, and engineering - to study and measure how small probability events can lead to contagion and banking crises on a global scale.
Yet, despite an exceedingly diverse range of publications available to date, central questions have remained unanswered. Indeed, systemic risk has become both a buzzword, and has developed into an acute threat.
In this volume, the authors review how systemic risk has evolved over the last 40 years across continents to come to the forefront of regulatory attention.