Global Financial Systems: Stability & Risk

Global Financial Systems is an innovative, interdisciplinary text that explores the ‘why’ behind global financial stability. Danielsson draws on economic theory, finance, mathematical modelling, risk theory, and policy to posit a coherent and current analysis of the global financial system. “Nicely and clearly written for an undergraduate audience…the book has a fresh perspective that will differentiate it from pre-crisis texts” Professor Goodhart, Professor Emeritus, London School of Economics “Global Financial Systems: Stability and Risk, looks to be an important book…it will appeal to those interested in regulation as well as those more on the regulatory side.” Professor Caprio, William Brough Professor of Economics at Williams College and Chair, Center for Development Economics Jon Danielsson is Director of the Systemic Risk Centre, London School of Economics, and Reader in Finance Visit the author’s personal website at http://www.globalfinancialsystems.org/ to read two online chapters covering the latest developments.

Table of Contents

Chapter 1: Systemic Risk
Chapter 2: The Great Depression, 1929–1933
Chapter 3: Endogenous Risk
Chapter 4: Liquidity
Chapter 5: The Central Bank
Chapter 6: The Asian Crisis Of 1997 And The Imf
Chapter 7: Banking Crises
Chapter 8: Bank Runs And Deposit Insurance
Chapter 9: Trading And Speculation
Chapter 10: Credit Markets
Chapter 11: Currency Markets
Chapter 12: Currency Crisis Models
Chapter 13: Financial Regulations
Chapter 14: Bailouts
Chapter 15: Dangerous Financial Instruments
Chapter 16: Failures In Risk Management And Regulations Before The Crisis
Chapter 17: The Ongoing Crisis: 2007–2009 Phase
Chapter 18: Ongoing Developments In Financial Regulation
Chapter 19: Sovereign Debt Crises