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Zusatztext Hyun Song Shin is one of the leading scholars on financial stability in the world. This book provides a very accessible summary of this work. It is essential reading for all academics and practitioners interested in financial crises. Informationen zum Autor Before joining Princeton in 2006, Hyun Song Shin was Professor of Finance at the London School of Economics. He is a leading exponent of financial booms and crises, and has been a leading figure in the policy debates during the financial crisis. He has written extensively for both an academic and practitioner audience on financial risk, financial regulation and monetary policy. He has served as editor or editorial board member of several scholarly journals, and has served in an advisory capacity to central banks and policy organizations on financial stability issues. He is a fellow of the Econometric Society and of the British Academy. Klappentext This book presents the Clarendon Lectures in Finance by one of the leading exponents of financial booms and crises. Hyun Song Shin's work has shed light on the recent global financial crisis and he has been a central figure in the policy debates. This book will appeal interest to students and academics across economics and finance, as well as policy makers, government officials, and bankers who want to delve beneath the surface to grasp the underlying dynamics of the boom-bust cycle in a modern financial system -a system where banking and capital market developments have become inseparable. Zusammenfassung This book presents the Clarendon Lectures in Finance by one of the leading exponents of financial booms and crises. It explains why the recent global financial crisis erupted in an era when risk management was at the core of the most sophisticated financial institutions. Inhaltsverzeichnis 1: Nature of Financial Risk 2: Value-at-Risk Capital 3: Boom and Bust Driven by Value-at-Risk 4: Dynamic Hedging 5: Asset-Liability Management 6: Financial System 7: Lending Booms 8: The Case of Northern Rock 9: Securitisation and the Financial System 10: A Fresh Start ...
