International financial stability:
Saved in:
| Format: | Book |
|---|---|
| Language: | English |
| Published: |
Geneva
ICMB [u.a.]
2007
|
| Series: | Geneva reports on the world economy
9 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | "Roger W. Ferguson, Philipp Hartmann, Fabio Panetta, Richard Portes, in collaboration with David Laster." Includes bibliographical references (p. [177]-190) Introduction -- Assessing international financial stability : an analytical framework -- Pt. 1. Financial stability : the macro perspective - Macroeconomic imbalances -- The decline of financial volatility -- Why has financial volatility declined? -- Cross-border financial integration -- Pt. 2. Financial stability : the micro perspective -- Household finance -- Financial consolidation -- The new financial instruments -- The growth of hedge funds -- Conclusions and policy implications -- Discussions and roundtables |
| Physical Description: | XXVI, 190 S. graph. Darst. 25 cm |
| ISBN: | 1898128979 9781898128977 |
Staff View
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| 245 | 1 | 0 | |a International financial stability |c Roger W. Ferguson, Jr. ... |
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| 490 | 1 | |a Geneva reports on the world economy |v 9 | |
| 500 | |a "Roger W. Ferguson, Philipp Hartmann, Fabio Panetta, Richard Portes, in collaboration with David Laster." | ||
| 500 | |a Includes bibliographical references (p. [177]-190) | ||
| 500 | |a Introduction -- Assessing international financial stability : an analytical framework -- Pt. 1. Financial stability : the macro perspective - Macroeconomic imbalances -- The decline of financial volatility -- Why has financial volatility declined? -- Cross-border financial integration -- Pt. 2. Financial stability : the micro perspective -- Household finance -- Financial consolidation -- The new financial instruments -- The growth of hedge funds -- Conclusions and policy implications -- Discussions and roundtables | ||
| 650 | 4 | |a Economic stabilization | |
| 650 | 4 | |a International finance | |
| 700 | 1 | |a Ferguson, Roger Walton |e Sonstige |4 oth | |
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Record in the Search Index
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|---|---|
| adam_text | INTERNATIONAL FINANCIAL STABILITY 4 T GENEVA REPORTS ON THE WORLD
ECONOMY 9 B 361258 CONTENTS ABOUT THE AUTHORS V LIST OF CONFERENCE
PARTICIPANTS XI LIST OF TABLES XVI LIST OF FIGURES XVI LIST OF BOXES
XVII ACKNOWLEDGEMENTS XIX FOREWORD XX EXECUTIVE SUMMARY XXI 1
INTRODUCTION 1 2 ASSESSING INTERNATIONAL FINANCIAL STABILITY: AN
ANALYTICAL FRAMEWORK 5 2.1 FINANCIAL STABILITY, SYSTEMIC RISK AND POLICY
5 2.2 KEY CONCEPTS 9 2.3 CURRENT RISKS TO INTERNATIONAL FINANCIAL
STABILITY 14 2.4 INTERNATIONAL FINANCIAL STABILITY AND THE FINANCIAL
MARKETS 17 PART 1 FINANCIAL STABILITY: THE MACRO PERSPECTIVE 3
MACROECONOMIC IMBALANCES 19 3.1 THE ANALYTICAL BACKGROUND 19 3.2 CAUSES
FOR CONCERN 19 3.3 ARE THE GLOBAL IMBALANCES ACTUALLY AN EQUILIBRIUM?
20 3.4 DYNAMICS: STRUCTURAL CHANGES AND EXOGENOUS SHOCKS 21 3.5 EMERGING
MARKET VULNERABILITIES 26 3.6 PROPAGATION OF SHOCKS AND RESPONSES TO
THEM 27 3.7 CONCLUSIONS 27 4 THE DECLINE OF FINANCIAL VOLATILITY 29 4.1
THE RECENT DECLINE OF FINANCIAL VOLATILITY 30 4.2 RISK PREMIA HAVE ALSO
FALLEN 37 5 WHY HAS FINANCIAL VOLATILITY DECLINED? 39 5.1 INTRODUCTION
39 5.2 REAL FACTORS 39 5.3 FINANCIAL FACTORS: IMPROVED MARKET LIQUIDITY
45 5.4 MONETARY POLICY 47 5.5 IMPLICATIONS FOR FINANCIAL STABILITY 52 6
CROSS-BORDER FINANCIAL INTEGRATION 57 6.1 EVIDENCE ON INTERNATIONAL
FINANCIAL INTEGRATION 58 6.2 DRIVERS OF INTERNATIONAL FINANCIAL
INTEGRATION AND EFFECTS ON EFFICIENCY AND GROWTH 60 6.3 CAPITAL MOBILITY
AND FINANCIAL STABILITY 60 6.4 TWO CURRENT ISSUES 65 6.5 CONCLUSIONS AND
POLICY IMPLICATIONS 72 APPENDIX: MORE EVIDENCE ON THE RELATION BETWEEN
FINANCIAL INTEGRATION AND BANKING CRISES 74 PART 2 FINANCIAL STABILITY:
THE MICRO PERSPECTIVE 7 HOUSEHOLD FINANCE 77 7.1 RECENT TRENDS IN
HOUSEHOLD FINANCE 77 7.2 FINANCIAL STABILITY IMPLICATIONS 81 7.3 POLICY
ISSUES 86 8 S FINANCIAL CONSOLIDATION 89 8.1 DRIVERS OF CONSOLIDATION 89
8.2 PATTERNS OF CONSOLIDATION 90 8.3 FINANCIAL CONSOLIDATION, EFFICIENCY
AND COMPETITION 92 8.4 FINANCIAL CONSOLIDATION AND INDIVIDUAL RISK 95
8.5 FINANCIAL CONSOLIDATION AND SYSTEMIC RISK 97 8.6 POLICY IMPLICATIONS
99 9 THE NEW FINANCIAL INSTRUMENTS 107 9.1 DERIVATIVES 107 9.2
SECURITIZATION 109 9.3 CREDIT RISK TRANSFER INSTRUMENTS 111 9.4
IMPLICATIONS FOR FINANCIAL STABILITY 112 9.5 POLICY QUESTIONS 116 9.6
PROSPECTS 116 10 THE GROWTH OF HEDGE FUNDS 119 10.1 WHAT ARE HEDGE FUNDS
AND HOW DO THEY AFFECT MARKET STABILITY? 119 10.2 SIZE OF THE HEDGE FUND
SECTOR 119 10.3 TYPES OF HEDGE FUNDS 121 10.4 BENEFITS OF HEDGE FUNDS
121 10.5 SYSTEMIC RISK CONCERNS 124 10.6 REGULATORY OUTLOOK 129 11
CONCLUSIONS AND POLICY IMPLICATIONS 131 11.1 MACROECONOMIC IMBALANCES
131 11.2 VOLATILITY 132 11.3 INTERNATIONAL FINANCIAL INTEGRATION 132
11.4 HOUSEHOLD FINANCE 133 11.5 FINANCIAL SECTOR CONSOLIDATION 134 11.6
NEW FINANCIAL INSTRUMENTS 135 11.7 REGULATING HEDGE FUNDS 136 11.8
TOWARDS A NEW INTERMEDIATION MODEL 137 11.9 POLICY IMPLICATIONS 145
DISCUSSION AND ROUNDTABLES 149 SESSION 1 149 SESSION 2 159 ENDNOTES 168
REFERENCES 177
|
| adam_txt |
INTERNATIONAL FINANCIAL STABILITY 4\T GENEVA REPORTS ON THE WORLD
ECONOMY 9 B 361258 CONTENTS ABOUT THE AUTHORS V LIST OF CONFERENCE
PARTICIPANTS XI LIST OF TABLES XVI LIST OF FIGURES XVI LIST OF BOXES
XVII ACKNOWLEDGEMENTS XIX FOREWORD XX EXECUTIVE SUMMARY XXI 1
INTRODUCTION 1 2 ASSESSING INTERNATIONAL FINANCIAL STABILITY: AN
ANALYTICAL FRAMEWORK 5 2.1 FINANCIAL STABILITY, SYSTEMIC RISK AND POLICY
5 2.2 KEY CONCEPTS 9 2.3 CURRENT RISKS TO INTERNATIONAL FINANCIAL
STABILITY 14 2.4 INTERNATIONAL FINANCIAL STABILITY AND THE FINANCIAL
MARKETS 17 PART 1 FINANCIAL STABILITY: THE MACRO PERSPECTIVE 3
MACROECONOMIC IMBALANCES 19 3.1 THE ANALYTICAL BACKGROUND 19 3.2 CAUSES
FOR CONCERN 19 3.3 ARE THE 'GLOBAL IMBALANCES' ACTUALLY AN EQUILIBRIUM?
20 3.4 DYNAMICS: STRUCTURAL CHANGES AND EXOGENOUS SHOCKS 21 3.5 EMERGING
MARKET VULNERABILITIES 26 3.6 PROPAGATION OF SHOCKS AND RESPONSES TO
THEM 27 3.7 CONCLUSIONS 27 4 THE DECLINE OF FINANCIAL VOLATILITY 29 4.1
THE RECENT DECLINE OF FINANCIAL VOLATILITY 30 4.2 RISK PREMIA HAVE ALSO
FALLEN 37 5 WHY HAS FINANCIAL VOLATILITY DECLINED? 39 5.1 INTRODUCTION
39 5.2 REAL FACTORS 39 5.3 FINANCIAL FACTORS: IMPROVED MARKET LIQUIDITY
45 5.4 MONETARY POLICY 47 5.5 IMPLICATIONS FOR FINANCIAL STABILITY 52 6
CROSS-BORDER FINANCIAL INTEGRATION 57 6.1 EVIDENCE ON INTERNATIONAL
FINANCIAL INTEGRATION 58 6.2 DRIVERS OF INTERNATIONAL FINANCIAL
INTEGRATION AND EFFECTS ON EFFICIENCY AND GROWTH 60 6.3 CAPITAL MOBILITY
AND FINANCIAL STABILITY 60 6.4 TWO CURRENT ISSUES 65 6.5 CONCLUSIONS AND
POLICY IMPLICATIONS 72 APPENDIX: MORE EVIDENCE ON THE RELATION BETWEEN
FINANCIAL INTEGRATION AND BANKING CRISES 74 PART 2 FINANCIAL STABILITY:
THE MICRO PERSPECTIVE 7 HOUSEHOLD FINANCE 77 7.1 RECENT TRENDS IN
HOUSEHOLD FINANCE 77 7.2 FINANCIAL STABILITY IMPLICATIONS 81 7.3 POLICY
ISSUES 86 8 S FINANCIAL CONSOLIDATION 89 8.1 DRIVERS OF CONSOLIDATION 89
8.2 PATTERNS OF CONSOLIDATION 90 8.3 FINANCIAL CONSOLIDATION, EFFICIENCY
AND COMPETITION 92 8.4 FINANCIAL CONSOLIDATION AND INDIVIDUAL RISK 95
8.5 FINANCIAL CONSOLIDATION AND SYSTEMIC RISK 97 8.6 POLICY IMPLICATIONS
99 9 THE NEW FINANCIAL INSTRUMENTS 107 9.1 DERIVATIVES 107 9.2
SECURITIZATION 109 9.3 CREDIT RISK TRANSFER INSTRUMENTS 111 9.4
IMPLICATIONS FOR FINANCIAL STABILITY 112 9.5 POLICY QUESTIONS 116 9.6
PROSPECTS 116 10 THE GROWTH OF HEDGE FUNDS 119 10.1 WHAT ARE HEDGE FUNDS
AND HOW DO THEY AFFECT MARKET STABILITY? 119 10.2 SIZE OF THE HEDGE FUND
SECTOR 119 10.3 TYPES OF HEDGE FUNDS 121 10.4 BENEFITS OF HEDGE FUNDS
121 10.5 SYSTEMIC RISK CONCERNS 124 10.6 REGULATORY OUTLOOK 129 11
CONCLUSIONS AND POLICY IMPLICATIONS 131 11.1 MACROECONOMIC IMBALANCES
131 11.2 VOLATILITY 132 11.3 INTERNATIONAL FINANCIAL INTEGRATION 132
11.4 HOUSEHOLD FINANCE 133 11.5 FINANCIAL SECTOR CONSOLIDATION 134 11.6
NEW FINANCIAL INSTRUMENTS 135 11.7 REGULATING HEDGE FUNDS 136 11.8
TOWARDS A NEW INTERMEDIATION MODEL 137 11.9 POLICY IMPLICATIONS 145
DISCUSSION AND ROUNDTABLES 149 SESSION 1 149 SESSION 2 159 ENDNOTES 168
REFERENCES 177 |
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| index_date | 2024-07-02T20:32:53Z |
| indexdate | 2024-07-09T21:14:26Z |
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| isbn | 1898128979 9781898128977 |
| language | English |
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| physical | XXVI, 190 S. graph. Darst. 25 cm |
| publishDate | 2007 |
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| publisher | ICMB [u.a.] |
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| series | Geneva reports on the world economy |
| series2 | Geneva reports on the world economy |
| spelling | International financial stability Roger W. Ferguson, Jr. ... Geneva ICMB [u.a.] 2007 XXVI, 190 S. graph. Darst. 25 cm txt rdacontent n rdamedia nc rdacarrier Geneva reports on the world economy 9 "Roger W. Ferguson, Philipp Hartmann, Fabio Panetta, Richard Portes, in collaboration with David Laster." Includes bibliographical references (p. [177]-190) Introduction -- Assessing international financial stability : an analytical framework -- Pt. 1. Financial stability : the macro perspective - Macroeconomic imbalances -- The decline of financial volatility -- Why has financial volatility declined? -- Cross-border financial integration -- Pt. 2. Financial stability : the micro perspective -- Household finance -- Financial consolidation -- The new financial instruments -- The growth of hedge funds -- Conclusions and policy implications -- Discussions and roundtables Economic stabilization International finance Ferguson, Roger Walton Sonstige oth Geneva reports on the world economy 9 (DE-604)BV023550504 9 GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016448309&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | International financial stability Geneva reports on the world economy Economic stabilization International finance |
| title | International financial stability |
| title_auth | International financial stability |
| title_exact_search | International financial stability |
| title_exact_search_txtP | International financial stability |
| title_full | International financial stability Roger W. Ferguson, Jr. ... |
| title_fullStr | International financial stability Roger W. Ferguson, Jr. ... |
| title_full_unstemmed | International financial stability Roger W. Ferguson, Jr. ... |
| title_short | International financial stability |
| title_sort | international financial stability |
| topic | Economic stabilization International finance |
| topic_facet | Economic stabilization International finance |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016448309&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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