03664nam 2200745 a 450 991097501850332120251117003614.097866113003719780309179539030917953X9781281300379128130037397803091075320309107539(CKB)1000000000714271(SSID)ssj0000282281(PQKBManifestationID)11233193(PQKBTitleCode)TC0000282281(PQKBWorkID)10326502(PQKB)10258995(MiAaPQ)EBC3378346(Au-PeEL)EBL3378346(CaPaEBR)ebr10225190(CaONFJC)MIL130037(OCoLC)923278694(Perlego)4736339(BIP)14753812(EXLCZ)99100000000071427120081107d2007 uy 0engurcn|||||||||txtccrNew 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 /John Kambhu, Scott Weidman, and Neel Krishnan, rapporteurs1st ed.Washington, D.C. National Academies Press2007xii, 108 pBibliographic Level Mode of Issuance: Monograph9780309107525 0309107520 Includes bibliographical references.Front Matter -- Preface -- Acknowledgments -- Contents -- 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.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.FinanceFinancial engineeringRisk managementLiquidity (Economics)Finance.Financial engineering.Risk management.Liquidity (Economics)Kambhu John1811383Weidman Scott1811384Krishnan Neel1811385Federal Reserve Bank of New York.National Research Council (U.S.)New Directions for Understanding Systemic Risk(2006 :New York, N.Y.)MiAaPQMiAaPQMiAaPQBOOK9910975018503321New directions for understanding systemic risk4363230UNINA