• All Products
      • Paperback
      • Hardcover
      • eBook
      • Audiobook

    Systemic Risk: The Dynamics of Modern Financial Systems

    By: Prasanna Gai

    QTY
    -+
    $96.99
     
     
    ISBN
    9780191654060
    Date Released
    Binding
    eBook
     
     

    Instant Download

    Description
    This book opens new ground in the study of financial crises. It treats the financial system as a complex adaptive system and shows how lessons from network disciplines - such as ecology, epidemiology, and statistical mechanics - shed light on our understanding of financial stability. Using tools from network theory and economics, it suggests that financial systems are robust-yet-fragile, with knife-edge properties that are greatly exacerbated by the hoarding offunds and the fire sale of assets by banks. The 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 banks in the wake of theglobal financial crisis can generate systemic risks. The insights are then used to model banking systems calibrated to data to illustrate how financial sector regulators are beginning to quantify financial system stress.

    You might also like



    Accepted Payments
    QBD Proudly Supports

    Need help? Call us on (07) 3291 7444