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OverviewThe stability of the financial system and the potential for systemic events to alter its function have long been critical issues for central bankers and researchers. Recent events suggest that older models of systemic shocks might no longer capture all of the possible paths of such disturbances or account for the increasing complexity of the financial system. To help assess these concerns, the Federal Reserve Bank of New York and the NRC cosponsored a conference that brought together engineers, scientists, economists, and financial market experts to promote better understanding of systemic risk in a variety of fields. The book presents an examination of tools used in ecology and engineering to study systemic collapse in those areas; a review of current trends in economic research on systemic risk, the payments system, and the market of interbank funds; and for context, descriptions of how systemic risk in the financial system affects trading activities. Table of Contents Front Matter 1 Introduction 2 Current Trends in Economic Research on Systemic Risk 3 Systemic Risk in Ecology and Engineering 4 The Payments System and the Market for Interbank Funds 5 Concluding Observations Appendixes Appendix A: Conference Program Appendix B: Background Paper Appendix C: About the Rapporteurs Full Product DetailsAuthor: National Research Council , Division on Engineering and Physical Sciences , Board on Mathematical Sciences and Their Applications , Neel KrishnanPublisher: National Academies Press Imprint: National Academies Press Dimensions: Width: 15.20cm , Height: 0.80cm , Length: 22.90cm Weight: 0.204kg ISBN: 9780309107525ISBN 10: 0309107520 Pages: 120 Publication Date: 17 January 2008 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of Contents1 Front Matter; 2 1 Introduction; 3 2 Current Trends in Economic Research on Systemic Risk; 4 3 Systemic Risk in Ecology and Engineering; 5 4 The Payments System and the Market for Interbank Funds; 6 5 Concluding Observations; 7 Appendixes; 8 Appendix A: Conference Program; 9 Appendix B: Background Paper; 10 Appendix C: About the RapporteursReviewsAuthor InformationJohn Kambhu, Scott Weidman, and Neel Krishnan, Rapporteurs, National Research Council Tab Content 6Author Website:Countries AvailableAll regions |