1.

Record Nr.

UNINA9910789364903321

Titolo

Making sense of ballistic missile defense : an assessment of concepts and systems for U.S. boost-phase missile defense in comparison to other alternatives / / Committee on an Assessment of Concepts and Systems for U.S. Boost-Phase Missile Defense in Comparison to Other Alternatives, Division on Engineering and Physical Sciences, National Research Council of the National Academies

Pubbl/distr/stampa

Washington, District of Columbia : , : National Academies Press, , [2012]

©2012

ISBN

0-309-21613-3

0-309-21611-7

Descrizione fisica

1 online resource (282 p.)

Disciplina

358.1740973

Soggetti

Ballistic missile defenses - United States

Ballistic missile early warning system - United States

Military planning - United States

Military policy

United States Military policy

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Front Matter""; ""Preface""; ""Acknowledgment of Reviewers""; ""Contents""; ""Summary""; ""1 Introduction""; ""2 U.S. Boost-Phase Defense""; ""3 Alternatives to U.S. Boost-Phase Defense""; ""4 Comparison of Utility, Maturity, and Cost-Effectiveness""; ""5 Recommended Path Forward""; ""Unclassified Appendixes""; ""Appendix A: Terms of Reference""; ""Appendix B: Biographies of Committee Members and Staff""; ""Appendix C: Summary of Meetings""; ""Appendix D: Acronyms and Abbreviations""; ""Appendix E: System Cost Methodology""

Sommario/riassunto

"The Committee on an Assessment of Concepts and Systems for U.S. Boost-Phase Missile Defense in Comparison to Other Alternatives set forth to provide an assessment of the feasibility, practicality, and



affordability of U.S. boost-phase missile defense compared with that of the U.S. non-boost missile defense when countering short-, medium-, and intermediate-range ballistic missile threats from rogue states to deployed forces of the United States and its allies and defending the territory of the United States against limited ballistic missile attack. To provide a context for this analysis of present and proposed U.S. boost-phase and non-boost missile defense concepts and systems, the committee considered the following to be the missions for ballistic missile defense (BMD): protecting of the U.S. homeland against nuclear weapons and other weapons of mass destruction (WMD); or conventional ballistic missile attacks; protection of U.S. forces, including military bases, logistics, command and control facilities, and deployed forces, including military bases, logistics, and command and control facilities. They also considered deployed forces themselves in theaters of operation against ballistic missile attacks armed with WMD or conventional munitions, and protection of U.S. allies, partners, and host nations against ballistic-missile-delivered WMD and conventional weapons. Consistent with U.S. policy and the congressional tasking, the committee conducted its analysis on the basis that it is not a mission of U.S. BMD systems to defend against large-scale deliberate nuclear attacks by Russia or China. Making Sense of Ballistic Missile Defense: An Assessment of Concepts and Systems for U.S. Boost-Phase Missile Defense in Comparison to Other Alternatives suggests that great care should be taken by the U.S. in ensuring that negotiations on space agreements not adversely impact missile defense effectiveness. This report also explains in further detail the findings of the committee, makes recommendations, and sets guidelines for the future of ballistic missile defense research."--Publisher's description.



2.

Record Nr.

UNINA9910957403203321

Autore

Singh Manmohan

Titolo

Counterparty Risk in the Over-The-Counter Derivatives Market / / Manmohan Singh, Miguel Segoviano

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2008

ISBN

9786612842092

9781462348725

1462348726

9781451871166

1451871163

9781452730912

1452730911

9781282842090

1282842099

Edizione

[1st ed.]

Descrizione fisica

1 online resource (21 pages) : illustrations (some color), tables

Collana

IMF Working Papers

IMF working paper ; ; WP/08/258

Altri autori (Persone)

SegovianoMiguel A

Disciplina

332.645

Soggetti

Derivative securities - Econometric models

Over-the-counter markets - Econometric models

Risk - Econometric models

Banking

Banks and Banking

Banks and banking

Banks

Credit default swap

Credit

Depository Institutions

Derivative markets

Derivative securities

Finance

Finance: General

Financial instruments

General Financial Markets: General (includes Measurement and Data)

Micro Finance Institutions

Monetary economics

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Money and Monetary Policy



Mortgages

Over-the-counter markets

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Intro -- Contents -- I. Introduction -- II. Definitions and Methodology -- A. Counterparty Risk -- B. Exposure of the Financial System to Counterparty Risk -- C. Distress Dependence in the Financial System and Conditional Probability of Distress of Specific Financial Institutions -- D. Loss Scenarios -- III. Counterparty Risk: Empirical Estimation -- A. Counterparty Risk Exposure -- B. Conditional Probability of Distress of Financial Institutions -- IV. Conclusion and Policy Implications -- References -- Tables -- 1. Default Dependence Matrix -- 2. Distress Dependence Matrix -- 3. Losses Under Alternative Scenarios -- 4. Extrapolated Total Losses Under Alternative Scenarios -- Figures -- 1. Global OTC Derivatives as of December 2007 -- 2. Global OTC Derivatives Market as of December 2007 -- 3. The FinancialSystem's Multivariate Density -- 4. Probability that at Least one Financial Institution Fails to Deliver -- 5. Probability that Exactly one Financial Institution Fails to Deliver -- 6. OTC Derivatives: Notional Amounts as of end of March 2008 -- 7. OTC Derivatives: Counterparty Liabilities as of end of March 2008 -- 8. Probabilities of Distress of Financial Institutions Included in this Study -- 9. Fed's Balance Sheet as of April 23, 2008 -- Box -- 1. Distress Dependence.

Sommario/riassunto

The financial market turmoil of recent months has highlighted the importance of counterparty risk. Here, we discuss counterparty risk that may stem from the OTC derivatives markets and attempt to assess the scope of potential cascade effects. This risk is measured by losses to the financial system that may result via the OTC derivative contracts from the default of one or more banks or primary broker-dealers. We then stress the importance of "netting" within the OTC derivative contracts. Our methodology shows that, even using data from before the worsening of the crisis in late Summer 2008, the potential cascade effects could be very substantial. We summarize our results in the context of the stability of the banking system and provide some policy measures that could be usefully considered by the regulators in their discussions of current issues.