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The risks of financial institutions

Author: Mark S Carey; René M Stulz; National Bureau of Economic Research.
Publisher: Chicago : University of Chicago Press, 2006.
Series: National Bureau of Economic Research conference report.
Edition/Format:   Book : Conference publication : EnglishView all editions and formats
Database:WorldCat
Summary:
"Until about twenty years ago, the consensus view on the cause of financial-system distress was fairly simple: a run on one bank could easily turn to a panic involving runs on all banks, destroying some and disrupting the financial system. Since then, however, a series of events - such as emerging-market debt crises, bond-market meltdowns, and the Long-Term Capital Management episode - has forced a rethinking of the
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Details

Genre/Form: Woodstock (Vt., 2004)
Conference proceedings
Congresses
Material Type: Conference publication, Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Mark S Carey; René M Stulz; National Bureau of Economic Research.
ISBN: 0226092852 9780226092850
OCLC Number: 65521611
Notes: Papers presented at a conference held in Woodstock, Vt., on Oct. 22-23, 2004.
"National Bureau of Economic Research"--P. [v].
Description: xi, 655 p. : ill. ; 24 cm.
Contents: Bank trading risk and systemic risk / Philippe Jorion --
Estimating bank trading risk : a factor model approach / James O'Brien and Jeremy Berkowitz --
Comments on chapters 1 and 2 / Kenneth C. Abbott, Paul Kupiec --
How do banks manage liquidity risk? Evidence from the equity and deposit markets in the fall of 1998 / Evan Gatev, Til Schuermann, and Philip E. Strahan ; Comment / Mark Carey --
Banking system stability : a cross-Atlantic perspective / Philipp Hartmann, Stefan Straetmans, and Casper G. de Vries ; Comment / Anthony Saunders --
Bank concentration and fragility : impact and mechanics / Thorsten Beck, Asli Demirgüç-Kunt, and Ross Levine ; Comment / René M. Stulz --
Systemic risk and hedge funds / Nicholas Chan ... [et al.] ; Comment / David M. Modest --
Systemic risk and regulation / Franklin Allen and Douglas Gale ; Comment / Charles W. Calomiris --
Pillar 1 versus pillar 2 under risk management / Loriana Pelizzon and Stephen Schaefer ; Comment / Marc Saidenberg --
Global business cycles and credit risk / M. Hashem Pesaran, Til Schuermann, and Björn-Jakob Treutler ; Comment / Richard Cantor --
Implications of alternative operational risk modeling techniques / Patrick de Fontnouvelle, Eric S. Rosengren, and John S. Jordan ; Comment / Andrew Kuritzkes --
Practical volatility and correlation modeling for financial market risk management / Torben G. Andersen ... [et al.] ; Comment / Pedro Santa-Clara --
Special purpose vehicles and securitization / Gary B. Gorton and Nicholas S. Souleles ; Comment / Peter Tufano --
Default risk sharing between banks and markets : the contribution of collateralized debt obligations / Günter Franke and Jan Pieter Krahnen ; Comment / Patricia Jackson.
Series Title: National Bureau of Economic Research conference report.
Responsibility: edited by Mark Carey and René M. Stulz.

Abstract:

"Until about twenty years ago, the consensus view on the cause of financial-system distress was fairly simple: a run on one bank could easily turn to a panic involving runs on all banks, destroying some and disrupting the financial system. Since then, however, a series of events - such as emerging-market debt crises, bond-market meltdowns, and the Long-Term Capital Management episode - has forced a rethinking of the risks facing financial institutions and the tools available to measure and manage these risks.".

"The Risks of Financial Institutions examines the various risks affecting financial institutions and explores a variety of methods to help institutions and regulators more accurately measure and forecast risk. The contributors - from academic institutions, regulatory organizations, and banking - bring a wide range of perspectives and experience to the issue. The result is a volume that points a way forward to greater financial stability and better risk management of financial institutions."--BOOK JACKET.

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