Quantifying Systemic Risk (Hardcover) (ISBN-13: 9780226319285)

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: Joseph G. Haubrich
ISBN-10: 0226319288
ISBN-13: 9780226319285
Publisher: University of Chicago Press
Language: English
Published: 01/24/2013
Pages: 400
Format: Hardcover
Weight: 1.15lbs
Size: 9.10h x 6.10w x 1.00d