The risks of financial institutions / edited by Mark Carey and Rene M. Stulz.

Format:

Book

Contributor:

Carey, Mark S. (Mark Steven)

Stulz, René M.

National Bureau of Economic Research.

Series:

National Bureau of Economic Research conference report.

A National Bureau of Economic Research conference report

Language:

English

Subjects (All):

Financial institutions--Congresses.

Financial institutions.

Risk--Congresses.

Risk.

Financial crises--Congresses.

Financial crises.

Physical Description:

1 online resource (669 p.)

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, 2006.

Language Note:

English

Summary:

Until about twenty years ago, the consensus view on the cause of financial-system distress was fairly simple: a run on one bank could easily turn to a panic involving runs on all banks, destroying some and disrupting the financial system. Since then, however, a series of events-such as emerging-market debt crises, bond-market meltdowns, and the Long-Term Capital Management episode-has forced a rethinking of the risks facing financial institutions and the tools available to measure and manage these risks. The Risks of Financial Institutions examines the various risk

Contents:

Front matter

Contents

Acknowledgments

Introduction

1. Bank Trading Risk and Systemic Risk

2. Estimating Bank Trading Risk: A Factor Model Approach

3. How Do Banks Manage Liquidity Risk? Evidence from the Equity and Deposit Markets in the Fall of 1998

4. Banking System Stability: A Cross-Atlantic Perspective

5. Bank Concentration and Fragility: Impact and Mechanics

6. Systemic Risk and Hedge Funds

7. Systemic Risk and Regulation

8. Pillar 1 versus Pillar 2 under Risk Management

9. Global Business Cycles and Credit Risk

10. Implications of Alternative Operational Risk Modeling Techniques

11. Practical Volatility and Correlation Modeling for Financial Market Risk Management

12. Special Purpose Vehicles and Securitization

13. Default Risk Sharing between Banks and Markets: The Contribution of Collateralized Debt Obligations

Biographies

Contributors

Author Index

Subject Index

Notes:

Papers presented at a conference held in Woodstock, Vt., on Oct. 22-23, 2004.

"National Bureau of Economic Research"--P. [v].

Includes bibliographical references and indexes.

ISBN:

9786611125387

9781281125385

1281125385

9780226092980

0226092984

OCLC:

191700095