Risk and liquidity [electronic resource] / Hyun Song Shin.

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Bibliographic Details
Published: Oxford ; New York : Oxford University Press, 2010.
Online Access:
Main Author:
Series:Clarendon lectures in finance (Online)
Subjects:
Format: Electronic eBook

MARC

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020 |a 9780191582813 (electronic bk.) 
020 |a 0191582816 (electronic bk.) 
040 |a N$T  |c N$T  |d YDXCP 
050 4 |a HB 615 
097 |3 Bib#:  |a 1408376 
100 1 |a Shin, Hyun Song. 
245 1 0 |a Risk and liquidity  |h [electronic resource] /  |c Hyun Song Shin. 
260 |a Oxford ;  |a New York :  |b Oxford University Press,  |c 2010. 
300 |a 1 online resource (xi, 192 p.) :  |b ill. 
490 1 |a Clarendon lectures in finance 
504 |a Includes bibliographical references (p. 176-181) and index. 
520 0 |a This book presents the Clarendon Lectures in Finance by one of the leading exponents of financial booms and crises. Hyun Song Shin's work has shed light on the recent global financial crisis and he has been a central figure in the policy debates. The paradox of the global financial crisis is that it erupted in an era when risk management was at the core of the management of the most sophisticated financial institutions. This book explains why. The severity of the crisis is explained by financial development that put marketable assets at the heart of the financial system, and the increased sophistication of financial institutions that held and traded the assets. Step by step, the lectures build an analytical framework that take thereader through the economics behind the fluctuations in the price of risk and the boom-bust dynamics that follow. The book examines the role played by market-to-market accounting rules and securitisation in amplifying the crisis, and draws lessons for financial architecture, financial regulation andmonetary policy.This book will be of interest to all serious students of economics and finance who want to delve beneath the outward manifestations to grasp the underlying dynamics of the boom-bust cycle in a modern financial system - a system where banking and capital market developments have become inseparable. 
650 0 |a Risk. 
650 0 |a Financial risk management. 
650 0 |a Financial institutions  |x Management. 
650 0 |a Global Financial Crisis, 2008-2009. 
776 0 |i Print version:  |a Shin, Hyun Song.  |t Risk and liquidity.  |d Oxford ; New York : Oxford University Press, 2010  |z 9780199546367  |w (OCoLC)501395006 
830 0 |a Clarendon lectures in finance (Online) 
856 4 0 |u http://www.canterbury.eblib.com.au/EBLWeb/patron?target=patron&extendedid=P_547956_0&  |y Connect to electronic resource  |t 0 
942 |a 27102010 
945 |b DO NOT SET  |c Manual 
991 |a 2010-10-19 
992 |a Created by mayo, 19/10/2010. Updated by alwh, 27/10/2010. 
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