Financial stability, monetary policy, and Central Banking
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Date
2010
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Banco Central de Chile
Abstract
Description
The financial developments of the last decade have had a large impact on the range of risk diversification contracts available to investors. Based on these complex instruments, the investment possibility frontier was shifted outward and increasingly intricate networks were created. At the same time, global financial integration has facilitated the propagation and expansion of financial shocks. The papers in this book,written in 2008-09, discuss risk assessment frameworks, network effects, and the financial crisis. With the financial crisis in the background, theoretical and empirical contributions seek to sketch the tools needed to identify systemic risk, and critique the potential weaknesses of current regulations.
Keywords
ESTABILIDAD ECONÓMICA, POLÍTICA MONETARIA, CRISIS FINANCIERA, BANCOS CENTRALES