Preparing for the Next Financial Crisis

Policies, Tools and Models

Esa Jokivuolle, Radu Tunaru

• Publisher: Cambridge University Press
• Year: 2017
• ISBN:
  9781316952795
• Topic: Economics
• Subtopic: Macroeconomics
• Index: Economics

In the years since the subprime financial crisis of 2007–2011, we have learned a number of important lessons about the crisis, and have subsequently applied appropriate legislation, such as increased capital ratios and systematic stress testing, in order to combat it. However, it would be naive to suggest that such measures have put an end to the possibility of future crises. In this book, senior figures in economics, risk Management, and the banking sector use active research and policy debates to offer a wide perspective on what the next financial crisis may look like and what can be done about it from a regulatory point of view. By first exploring issues of macroeconomic policy, and then studying cutting-edge methodologies, challenging important aspects of testing financial practice, this book will be an essential read for all those studying and researching financial crises, financial regulation and macroprudential policy-making.

Table of contents

• Cover
• Half-title
• Title page
• Copyright information
• Table of contents
• List of figures
• List of tables
• Notes on contributors
• Introduction
• 1 Non-Standard Monetary Policy and Financial Stability
• 2 Financial Innovation and Financial Stability
• 3 Post-Crisis Changes in US Bank Prudential Regulation
• 4 Notes on the Interaction between Financial Markets and the Macroeconomy
• 5 Investment Doctrines for Banks, from Real Bills to Post-Crisis Reforms
• 6 Stress Testing in Banking
• 7 Making Sense of the EU-Wide Stress Test – Comparing SRISK and the ECB/EBA Measures of Bank Vulnerability
• 8 The Role of Personality in Financial Decisions and Financial Crises
• 9 Model Apocalypto
• Index