Globalization and Systemic Risk
Editor
- Douglas D Evanoff(Federal Reserve Bank of Chicago, USA)David S Hoelscher(International Monetary Fund, USA)George G Kaufman(Loyola University Chicago, USA)
Abstract
The impact of globalization of financial markets is a highly debated topic, particularly in recent months when the issue of globalization and contagion of financial distress has become a focus of intense policy debate. The papers in this volume provide an up-to-date overview of the key issues in this debate. While most of the contributions were prepared after the initial outbreak of the current global turmoil and financial crisis, they identify the relative strengths of the risk diversification and risk transmission processes and examine the empirical evidence to date. The book considers the relative roles of banks, nonbank financial institutions and capital markets in both risk diversification and risk transmission. It then evaluates the current status of crisis resolution in a global context, and speculates where to go from here in terms of understanding, resolution, prevention and public policy.Individual chapters are listed in the "Chapters" tab
Suggested Citation
- Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), 2009. "Globalization and Systemic Risk," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6955, August.
Handle: RePEc:wsi:wsbook:6955
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Citations
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Cited by:
- Flores Zendejas, Juan & Gaillard, Norbert, 2021. "The International Lender of Last Resort Between Scylla and Charybdis," Working Papers unige:152743, University of Geneva, Paul Bairoch Institute of Economic History.
- Giuseppe Mastromatteo & Giuseppe Mastromatteo, 2016. "Minsky at Basel: A Global Cap to Build an Effective Postcrisis Banking Supervision Framework," Economics Working Paper Archive wp_875, Levy Economics Institute.
Book Chapters
The following chapters of this book are listed in IDEAS- John Lipsky, 2009. "Through the Looking Glass: The Links between Financial Globalization and Systemic Risk," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 1, pages 3-10, World Scientific Publishing Co. Pte. Ltd..
- Guillermo A. Calvo, 2009. "The Current Financial Crisis: Will Latin America Be Caught in the Web, Again?," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 2, pages 11-25, World Scientific Publishing Co. Pte. Ltd..
- Frederic S. Mishkin, 2009. "Remarks on Systemic Risk and the International Lender of Last Resort," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 3, pages 27-37, World Scientific Publishing Co. Pte. Ltd..
- Michael D. Bordo, 2009. "The Crisis of 2007: The Same Old Story, Only the Players Have Changed," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 4, pages 39-50, World Scientific Publishing Co. Pte. Ltd..
- Falko Fecht & Hans-Peter Grüner & Philipp Hartmann & Marco Lo Duca, 2009. "Financial Globalization and Stability," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 5, pages 53-83, World Scientific Publishing Co. Pte. Ltd..
- Gianni De Nicolò, 2009. "Does Financial Integration Improve Countries' Growth Opportunities?," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 6, pages 85-95, World Scientific Publishing Co. Pte. Ltd..
- Philip Lowe, 2009. "Financial Globalization in the Asian Region," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 7, pages 97-112, World Scientific Publishing Co. Pte. Ltd..
- Gerard Caprio Jr., 2009. "The Current State of Financial Globalization — Good News, and Bad," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 8, pages 113-117, World Scientific Publishing Co. Pte. Ltd..
- Edward J. Kane, 2009. "Incentive Conflict in Central Bank Responses to Sectoral Turmoil in Financial Hub Countries," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 9, pages 121-144, World Scientific Publishing Co. Pte. Ltd..
- Xavier Freixas, 2009. "Systemic Risk and Prudential Regulation in the Global Economy," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 10, pages 145-167, World Scientific Publishing Co. Pte. Ltd..
- Hyun Song Shin & Masazumi Hattori, 2009. "The Broad Yen Carry Trade," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 11, pages 169-189, World Scientific Publishing Co. Pte. Ltd..
- Richard J. Herring, 2009. "Systemic Risk in a Global Context: Comment on Freixas, Hattori and Shin, and Kane," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 12, pages 191-203, World Scientific Publishing Co. Pte. Ltd..
- Julian Adams, 2009. "Remarks on Globalization and Systemic Risk: Nonbank Financial Intermediaries," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 13, pages 207-216, World Scientific Publishing Co. Pte. Ltd..
- Mohamed A. El-Erian, 2009. "Globalization Duality and Nonbank Financial Intermediaries," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 14, pages 217-224, World Scientific Publishing Co. Pte. Ltd..
- Dennis E. Logue, 2009. "Pension Plans and Systemic Risk," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 15, pages 225-229, World Scientific Publishing Co. Pte. Ltd..
- Nicole Allenspach & Pierre Monnin, 2009. "International Integration, Common Exposure and Systemic Risk in the Banking Sector," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 16, pages 233-249, World Scientific Publishing Co. Pte. Ltd..
- Andrew G. Haldane, 2009. "The Systemic Risk Implications of Originate and Distribute," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 17, pages 251-273, World Scientific Publishing Co. Pte. Ltd..
- Martin Summer, 2009. "Quantitative Modeling of Systemic Risk in a Globalized Banking System: Methodological Challenges," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 18, pages 275-290, World Scientific Publishing Co. Pte. Ltd..
- Grant Spencer, 2009. "Globalization and Systemic Risk," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 19, pages 291-296, World Scientific Publishing Co. Pte. Ltd..
- Leonce Bargeron & Kenneth Lehn & Mehmet Yalin, 2009. "The Sub-Prime Crisis and Systemic Risk: Evidence from US Securities Markets," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 20, pages 299-312, World Scientific Publishing Co. Pte. Ltd..
- Chester S. Spatt, 2009. "Systemic Risks in Our Global Marketplace," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 21, pages 313-330, World Scientific Publishing Co. Pte. Ltd..
- David A. Hsieh, 2009. "What Can Central Bankers Learn from Hedge Fund Replication Strategies?," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 22, pages 331-347, World Scientific Publishing Co. Pte. Ltd..
- Liliana Rojas-Suarez, 2009. "Comments on Session VI: Globalization and Systemic Risk — Capital Markets," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 23, pages 349-353, World Scientific Publishing Co. Pte. Ltd..
- John Lane, 2009. "Global Crisis Management," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 24, pages 357-360, World Scientific Publishing Co. Pte. Ltd..
- María J. Nieto & Garry J. Schinasi, 2009. "EU Financial-Stability Framework: Analytical Benchmarks for Assessing Its Effectiveness," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 25, pages 361-378, World Scientific Publishing Co. Pte. Ltd..
- Mattias Persson, 2009. "Crisis Resolution in a Global Context: Regulation and Supervision for Cross-Border Banking," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 26, pages 379-387, World Scientific Publishing Co. Pte. Ltd..
- Pascual O'Dogherty, 2009. "Crisis Resolution in a Global Context," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 27, pages 389-393, World Scientific Publishing Co. Pte. Ltd..
- Jaime Caruana, 2009. "Speaking Points for Where to Go from Here? Policy Panel," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 28, pages 397-402, World Scientific Publishing Co. Pte. Ltd..
- Kenneth W. Dam, 2009. "The US Government's Approach to Financial Decisions," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 29, pages 403-407, World Scientific Publishing Co. Pte. Ltd..
- William L. Rutledge, 2009. "Globalization and Systemic Risk: Where to Go from Here — Policy Panel," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 30, pages 409-414, World Scientific Publishing Co. Pte. Ltd..
- Andrew Sheng, 2009. "Comments on Session VIII: Where to Go from Here — Policy Panel," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 31, pages 415-427, World Scientific Publishing Co. Pte. Ltd..
- Michael W. Taylor, 2009. "Basel II, Regulation and the Sub-Prime “Crisis”," World Scientific Book Chapters, in: Douglas D Evanoff & David S Hoelscher & George G Kaufman (ed.), Globalization And Systemic Risk, chapter 32, pages 429-436, World Scientific Publishing Co. Pte. Ltd..
More about this item
Keywords
Globalization; Banking; Financial Markets; Systemic Risk; Financial Crisis; Contagion;All these keywords.
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