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612-822-4611
Systemic Risk Tomography: Signals, Measurement and Transmission Channels

Systemic Risk Tomography: Signals, Measurement and Transmission Channels

Hardcover

EconomicsInvesting & Finance

ISBN10: 1785480855
ISBN13: 9781785480850
Publisher: Iste Press - Elsevier
Published: Nov 24 2016
Pages: 300
Weight: 1.45
Height: 0.80 Width: 6.10 Depth: 9.10
Language: English

In April 2010 Europe was shocked by the Greek financial turmoil. At that time, the global financial crisis, which started in the summer of 2007 and reached systemic dimensions in September 2008 with the Lehman Brothers' crash, took a new course. An adverse feedback loop between sovereign and bank risks reflected into bubble-like spreads, as if financial markets had received a wake-up call concerning the disregarded structural vulnerability of economies at risk.These events inspired the SYRTO project to think and rethink the economic and financial system and to conceive it as an ensemble of Sovereigns and Banks with other Financial Intermediaries and Corporations. Systemic Risk Tomography: Signals, Measurement and Transmission Channels proposes a novel way to explore the financial system by sectioning each part of it and analyzing all relevant inter-relationships. The financial system is inspected as a biological entity to identify the main risk signals and to provide the correct measures of prevention and intervention.

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