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    Systemic risk and the European Systemic Risk Board

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

    Dec2009.pdf - Published Version of Record

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    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.


    Item Type: Monograph (Other)
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Depositing User: Sarah Hall
    Date Deposited: 06 May 2014 09:35
    Last Modified: 02 Aug 2023 17:10


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