Risk and Liquidity

List of contents

• 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

About the author

Hyun Song Shin is Economic Adviser and Head of Research at the Bank for International Settlements. Before joining the BIS, he was the Hughes-Rogers Professor of Economics at Princeton University. 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.

Summary

This book presents the Clarendon Lectures in Finance by one of the leading exponents of financial booms and crises. It explains why the global financial crisis erupted in an era when risk management was at the core of the most sophisticated financial institutions.

Additional text

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.

Product details

• Authors: Hyun Song Shin, Hyun Song (Hughes-Rogers Professor of Econom Shin, Shin Hyun Song
• Publisher: Oxford University Press
• Languages: English
• Product format: Paperback / Softback
• Released: 18.07.2019
• EAN: 9780198847069
• ISBN: 978-0-19-884706-9
• No. of pages: 208
• Series: Clarendon Lectures in Finance
• Subjects: Social sciences, law, business > Business > Economics; BUSINESS & ECONOMICS / Banks & Banking, BUSINESS & ECONOMICS / Economics / Macroeconomics, BUSINESS & ECONOMICS / Finance / General, Banking, BUSINESS & ECONOMICS / Economics / Microeconomics, macroeconomics, Economic and financial crises and disasters, Financial Crises & Disasters