New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences

Author:   National Research Council ,  Division on Engineering and Physical Sciences ,  Board on Mathematical Sciences and Their Applications ,  Neel Krishnan
Publisher:   National Academies Press
ISBN:  

9780309107525


Pages:   120
Publication Date:   17 January 2008
Format:   Paperback
Availability:   In Print   Availability explained
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New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences


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Overview

The 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 Details

Author:   National Research Council ,  Division on Engineering and Physical Sciences ,  Board on Mathematical Sciences and Their Applications ,  Neel Krishnan
Publisher:   National Academies Press
Imprint:   National Academies Press
Dimensions:   Width: 15.20cm , Height: 0.80cm , Length: 22.90cm
Weight:   0.204kg
ISBN:  

9780309107525


ISBN 10:   0309107520
Pages:   120
Publication Date:   17 January 2008
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
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 Contents

1 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 Rapporteurs

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John Kambhu, Scott Weidman, and Neel Krishnan, Rapporteurs, National Research Council

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