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Systemic Risk Tomography

Signals, Measurement and Transmission Channels

Loriana Pelizzon author Monica Billio author Roberto Savona author

Format:Hardback

Publisher:ISTE Press Ltd - Elsevier Inc

Published:22nd Nov '16

Currently unavailable, and unfortunately no date known when it will be back

Systemic Risk Tomography cover

Explores the measurement of systemic financial risk, focusing on the Eurozone and proposing possible early warning systems that detect impending abnormalities

In April 2010 Europe was shocked by the Greek financial turmoil. At that time, the global financial crisis, which started in the summer of 2007 and reached systemic dimensions in September 2008 with the Lehman Brothers’ crash, took a new course. An adverse feedback loop between sovereign and bank risks reflected into bubble-like spreads, as if financial markets had received a wake-up call concerning the disregarded structural vulnerability of economies at risk.These events inspired the SYRTO project to “think and rethink” the economic and financial system and to conceive it as an “ensemble” of Sovereigns and Banks with other Financial Intermediaries and Corporations. Systemic Risk Tomography: Signals, Measurement and Transmission Channels proposes a novel way to explore the financial system by sectioning each part of it and analyzing all relevant inter-relationships. The financial system is inspected as a biological entity to identify the main risk signals and to provide the correct measures of prevention and intervention.

ISBN: 9781785480850

Dimensions: unknown

Weight: 440g

300 pages