Globalization and systemic risk /
The impact of globalization of financial markets is a highly debated topic, particularly in recent months when the issue of globalization and contagion of financial distress has become a focus of intense policy debate. The papers in this volume provide an up-to-date overview of the key issues in thi...
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| Corporate Authors: | , |
|---|---|
| Other Authors: | , , |
| Format: | Electronic Conference Proceeding eBook |
| Language: | English |
| Published: |
Singapore ; Hackensack, NJ :
World Scientific,
©2009.
|
| Series: | World Scientific studies in international economics ;
v. 6. |
| Subjects: | |
| Online Access: | CONNECT |
Table of Contents:
- I. Special addresses. Through the looking glass : the links between financial globalization and systemic risk / John Lipsky. The current financial crisis : will Latin America be caught in the web, again? / Guillermo A. Calvo. Remarks on systemic risk and the international lender of last resort / Frederic S. Mishkin. The crisis of 2007 : the same old story, only the players have changed / Michael D. Bordo
- II. Current state of financial globalization. Financial globalization and stability / Falko Fecht [and others]. Does financial integration improve countries' growth opportunities? / Gianni De Nicolò. Financial globalization in the Asian region / Philip Lowe. The current state of financial globalization
- good news, and bad / Gerard Caprio, Jr.
- III. Globalization and systemic risk
- theory. Incentive conflict in central bank responses to sectoral turmoil in financial hub countries / Edward J. Kane. Systemic risk and prudential regulation in the global economy / Xavier Freixas. The broad yen carry trade / Hyun Song Shin and Masazumi Hattori. Systemic risk in a global context : comment on Freixas, Hattori and Shin, and Kane / Richard J. Herring
- IV. Globalization and systemic risk
- nonbank financial intermediaries. Remarks on globalization and systemic risk : nonbank financial intermediaries / Julian Adams. Globalization duality and nonbank financial intermediaries / Mohamed A. El-Erian. Pension plans and systemic risk / Dennis E. Logue
- V. Globalization and systemic risk
- banks. International integration, common exposure and systemic risk in the banking sector / Nicole Allenspach and Pierre Monnin. The systemic risk implications of originate and distribute / Andrew G. Haldane. Quantitative modeling of systemic risk in a globalized banking system : methodological challenges / Martin Summer. Globalization and systemic risk / Grant Spencer
- VI. Globalization and systemic risk
- capital markets. The sub-prime crisis and systemic risk : evidence from US securities markets / Leonce Bargeron, Kenneth Lehn and Mehmet Yalin. Systemic risks in our global marketplace / Chester S. Spatt. What can central bankers learn from hedge fund replication strategies? / David A. Hsieh. Comments on session VI : globalization and systemic risk
- capital markets / Liliana Rojas-Suarez
- VII. Crisis resolution in a global context. Global crisis management / John Lane. EU financial-stability framework : analytical benchmarks for assessing its effectiveness / María J. Nieto and Garry J. Schinasi. Crisis resolution in a global context : regulation and supervision for cross-border banking / Mattias Persson. Crisis resolution in a global context / Pascual O'Dogherty
- VIII. Where to go from here
- policy panel. Speaking points for where to go from here? Policy panel / Jaime Caruana. The US government's approach to financial decisions / Kenneth W. Dam. Globalization and systemic risk : where to go from here
- policy panel / William L. Rutledge. Comments on session VIII : where to Go from here
- policy panel / Andrew Sheng. Basel II, regulation and the sub-prime "crisis" / Michael W. Taylor.
