LEADER 03664nam 2200745 a 450 001 9910975018503321 005 20251117003614.0 010 $a9786611300371 010 $a9780309179539 010 $a030917953X 010 $a9781281300379 010 $a1281300373 010 $a9780309107532 010 $a0309107539 035 $a(CKB)1000000000714271 035 $a(SSID)ssj0000282281 035 $a(PQKBManifestationID)11233193 035 $a(PQKBTitleCode)TC0000282281 035 $a(PQKBWorkID)10326502 035 $a(PQKB)10258995 035 $a(MiAaPQ)EBC3378346 035 $a(Au-PeEL)EBL3378346 035 $a(CaPaEBR)ebr10225190 035 $a(CaONFJC)MIL130037 035 $a(OCoLC)923278694 035 $a(Perlego)4736339 035 $a(BIP)14753812 035 $a(EXLCZ)991000000000714271 100 $a20081107d2007 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 00$aNew directions for understanding systemic risk $ea report on a conference cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences /$fJohn Kambhu, Scott Weidman, and Neel Krishnan, rapporteurs 205 $a1st ed. 210 $aWashington, D.C. $cNational Academies Press$d2007 215 $axii, 108 p 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a9780309107525 311 08$a0309107520 320 $aIncludes bibliographical references. 327 $aFront 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. 330 $aThe 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. 606 $aFinance 606 $aFinancial engineering 606 $aRisk management 606 $aLiquidity (Economics) 615 0$aFinance. 615 0$aFinancial engineering. 615 0$aRisk management. 615 0$aLiquidity (Economics) 701 $aKambhu$b John$01811383 701 $aWeidman$b Scott$01811384 701 $aKrishnan$b Neel$01811385 712 02$aFederal Reserve Bank of New York. 712 02$aNational Research Council (U.S.) 712 12$aNew Directions for Understanding Systemic Risk$f(2006 :$eNew York, N.Y.) 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910975018503321 996 $aNew directions for understanding systemic risk$94363230 997 $aUNINA