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Preparing for the Next Financial Crisis Esa Jokivuolle

Preparing for the Next Financial Crisis By Esa Jokivuolle

Preparing for the Next Financial Crisis by Esa Jokivuolle


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Summary

This book focuses perspectives on finance and banking on predicting future financial crises. It is for students and scholars in financial regulation, banking and macroprudential policy-making, as well as practitioners working in central banks and other financial institutions concerned with risk management and financial regulation.

Preparing for the Next Financial Crisis Summary

Preparing for the Next Financial Crisis: Policies, Tools and Models by Esa Jokivuolle

In the years since the subprime financial crisis of 2007-2011, we have learned a number of important lessons about the crisis, and have subsequently applied appropriate legislation, such as increased capital ratios and systematic stress testing, in order to combat it. However, it would be naive to suggest that such measures have put an end to the possibility of future crises. In this book, senior figures in economics, risk Management, and the banking sector use active research and policy debates to offer a wide perspective on what the next financial crisis may look like and what can be done about it from a regulatory point of view. By first exploring issues of macroeconomic policy, and then studying cutting-edge methodologies, challenging important aspects of testing financial practice, this book will be an essential read for all those studying and researching financial crises, financial regulation and macroprudential policy-making.

About Esa Jokivuolle

Esa Jokivuolle specializes on financial stability issues in the Bank of Finland, and also serves as an adjunct professor of finance at Aalto University. In 2012 he was closely involved in the background team assisting Governor Erkki Liikanen when the report by High-level Expert Group on reforming the structure of the EU banking sector (the 'Liikanen report') was being prepared. He has published in several academic journals such as the Journal of Financial and Quantitative Analysis and the Journal of Derivatives, and in books on risk management. He is a member of the Council of Management of The European Money and Finance Forum (SUERF). Radu Tunaru is Professor of Finance at University of Kent Business School. He has over sixty publications to date, and he is the author of Model Risk in Financial Markets (2015). He has received six best paper awards, and his latest work includes three papers on real-estate derivatives with Nobel laureate in Economics, Robert Shiller. He has previously worked for the Bank of Montreal, and for Merrill Lynch, where he was a vice-president in Structured Finance. He serves as an associate editor for the Journal of Portfolio Management and the Journal of Banking and Finance.

Table of Contents

1. Introduction; 2. Non-standard monetary policy and financial stability: developing an appropriate macro-financial policy mix; 3. Financial innovation and financial stability: an introduction; 4. Post-crisis changes in US bank prudential regulation; 5. Financial markets and policy through the lens of macroeconomics; 6. Investment doctrines for banks, from real bills to post-crisis reforms; 7. Stress testing in banking: a critical review; 8. Making sense of the EU wide stress test - comparing SRISK and the ECB/EBA measures of bank vulnerability.

Additional information

NLS9781316636534
9781316636534
1316636534
Preparing for the Next Financial Crisis: Policies, Tools and Models by Esa Jokivuolle
New
Paperback
Cambridge University Press
2022-08-11
203
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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