{"product_id":"risk-and-liquidity-hyun-song-shin-9780198847069","title":"Risk and Liquidity","description":"This book presents the Clarendon Lectures in Finance by one of the leading exponents of financial booms and crises. Hyun Song Shin's work has shed light on the global financial crisis and he has been a central figure in the policy debates. \u003cp\u003e\u003c\/p\u003eThe paradox of the global financial crisis is that it erupted in an era when risk management was at the core of the management of the most sophisticated financial institutions. This book explains why. The severity of the crisis is explained by financial development that put marketable assets at the heart of the financial system, and the increased sophistication of financial institutions that held and traded the assets. Step by step, the lectures build an analytical framework that take the reader through the economics behind the fluctuations in the price of risk and the boom-bust dynamics that follow. The book examines the role played by market-to-market accounting rules and securitisation in amplifying the crisis, and draws lessons for financial architecture, financial regulation and monetary policy. \u003cp\u003e\u003c\/p\u003eThis book will be of interest to all serious students of economics and finance who want to delve beneath the outward manifestations to grasp the underlying dynamics of the boom-bust cycle in a modern financial system - a system where banking and capital market developments have become inseparable.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Hyun Song Shin\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0198847068\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780198847069\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press, USA\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/15\/2019\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 208\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.65lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 0.44d","brand":"Hyun Song Shin","offers":[{"title":"Paperback","offer_id":43983718973695,"sku":"9780198847069","price":35.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_90dc21d6-b0cf-4bfd-89ec-7ebcd1708fb9.jpg?v=1683268309","url":"https:\/\/www.whiterainbookhouse.com\/products\/risk-and-liquidity-hyun-song-shin-9780198847069","provider":"WR Book House","version":"1.0","type":"link"}