BIROn - Birkbeck Institutional Research Online

    Systemic risk and the European Systemic Risk Board

    Sibert, Anne (2009) Systemic risk and the European Systemic Risk Board. Other. European Parliament, Brussels.

    [img]
    Preview
    Text
    Dec2009.pdf - Published Version of Record

    Download (103kB) | Preview

    Abstract

    Financial crises are often characterised by a few financial institutions failing, followed by a cascade of collapses. Economists are not good at predicting which shocks will trigger an initial collapse. Thus, an early warning system might be better focused on measuring systemic risk, or the vulnerability of the financial system to the initial collapse. I suggest what data might be used and the difficulties associated with identifying systemic risk. I discuss why the ESRB is not adequate for the challenge.

    Metadata

    Item Type: Monograph (Other)
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Sarah Hall
    Date Deposited: 06 May 2014 09:35
    Last Modified: 06 May 2014 09:35
    URI: http://eprints.bbk.ac.uk/id/eprint/9670

    Statistics

    Downloads
    Activity Overview
    104Downloads
    136Hits

    Additional statistics are available via IRStats2.

    Archive Staff Only (login required)

    Edit/View Item Edit/View Item