Journals Higher Education
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Systemic Risk

The Dynamics of Modern Financial Systems

Prasanna Gai

  • The first formal book treatment of financial stability and systemic risk based on network methods
  • Showcases new insights that stem from the dynamic implications of financial networks and what they mean for policymakers
  • Shows how regulators are beginning to construct models to guide their 'macro-prudential' policy towards financial stability going forward
  • A coherent account of how network methods should be applied to banking issues
  • First formal treatment of covered bonds and their consequences for systemic risk

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