Risk Topography Systemic Risk and Macro Modeling |
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| Editor:
| Brunnermeier, Markus
Krishnamurthy, Arvind |
| Series title: | (NBER) National Bureau of Economic Research Conference Reports |
| ISBN: | 978-0-226-07773-4 |
| Publication Date: | Aug 2014 |
| Publisher: | University of Chicago Press
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| Book Format: | Hardback |
| List Price: | AUD $195.95 |
Book Description:
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Bringing together the work of leading academic researchers, central bankers, and other financial market experts,
Risk Topography explores ideas on advancing measurement and macroeconomic modeling to face these challenges. This book is particularly focused on measures that highlight vulnerabilities that make the economy susceptible to adverse feedback loops, liquidity spirals and perilous mechanisms. While these types of vulnerabilities have often been identified, they...
More DescriptionBringing together the work of leading academic researchers, central bankers, and other financial market experts, Risk Topography explores ideas on advancing measurement and macroeconomic modeling to face these challenges. This book is particularly focused on measures that highlight vulnerabilities that make the economy susceptible to adverse feedback loops, liquidity spirals and perilous mechanisms. While these types of vulnerabilities have often been identified, they have not been systematically measured. Chapters also address how policymakers should think about measurement of a financial world of increasing complexity and uncertainty, and what the tradeoffs are in making measured data public. Additionally, the book offers explicit measurement strategies that can be implemented either immediately or very soon. Risk Topography will be an invaluable resource for regulators working to improve current measurement systems, as well as academics that plan to conceptualize effective measurement.