In: The theory and practice of financial stability volume 4
The world is presently buffeted by many challenges, some of which manifest in new forms, such as Fintech and cryptocurrencies, while some challenges prevail out of the legacy trailed behind by the 2007 global financial crisis. Financial stability represents a highly complex and multi-dimensional concept. This being so, a sound and holistic financial stability assessment requires a focus not only on the distinct sectors which make up an economy but also on certain key economic areas. 'Economic Areas Under Financial Stability' examines several core areas which interact directly with financial stability. A comprehensive consideration is given to local and international developments, the payment and settlements system, reserves, derivatives,and exchange rates. The book examines critical developments on both the local and international fronts, the systematic risks which characterise the payment and settlements system, different instruments of derivatives, and the significance of fiscal and monetary policy in relation to exchange rates. This book will prove valuable to central bankers, economists, and policy-makers who are involved in the field of financial stability, as well as researchers studying the field.
In: Theory and practice of financial stability volume 4
In: Theory and practice of financial stability volume 1
Since the outbreak of the US subprime crisis in 2007, financial stability has become a pressing item in the agenda of governments and policy-makers worldwide. However, to date, there are no books that provide a comprehensive analysis of financial stability in all of its dimensions. Understanding Financial Stability undertakes an in-depth analysis of all the concepts and issues related to financial stability. It establishes a general framework for a holistic assessment of financial stability, provides a comprehensive analysis pertaining to the genesis of financial crises, and offers key terms and elements embodied in financial stability. Posing the question of whether financial stability should rely only on resilience or predictability issues when it comes to handling crises, the book provides: Extensive coverage of all key issues involved in the field of financial stability. A consideration of the political economy. A complete and in-depth assessment of crises in the world based on full historical coverage; including a definition of crises, various theories of crises, costs related to crises, types of crises and policy responses to crises. This book will prove valuable to central bankers, economists, and policy-makers who are involved in the field of financial stability, as well as researchers studying the field
In: The theory and practice of financial stability volume 3
In: The theory and practice of financial stability volume 3
In: The theory and practice of financial stability volume 4
In: The theory and practice of financial stability volume 3
Sound financial stability assessments necessitate intensive analysis of different sectors, namely, the household sector, the corporate sector, the real estate sector, the government sector, and the non-bank financial sector. This volume provides a complete analysis and risk assessment of each of these sectors which make up the subtle and intricate fabric which contribute to financial stability. The book considers:micro-prudential and macro-prudential regulations and how they constitute core ingredients to ensure a sound and smooth functioning financial system; the role of household debt as a coveted economic indicator of the building up of financial instability pressures; the relation of the real estate sector to the prevalence of financial crises through asset price bubbles; the role of the corporate sector in financial stability risk analysis. In particular, the balance sheets of the corporate sector are widely examined to uncover feasible risks to financial stability; the role of the government sector, with particular emphasis being laid on public debt management. This book will prove valuable to central bankers, economists, and policy-makers who are involved in the field of financial stability, as well as researchers studying the field.
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