Description
Book SynopsisIssues in Finance: Credit, Crises and Policies presents a collection of surveys on key issues surrounding the relationship between credit, finance, and the macro-economy that are linked to the recent global financial crisis.
- Presents a timely collection of surveys that shed light on the recent financial crisis
- Offers insights for economists in government, business, and finance
- Shows how the mainstream economics literature was not blind to the potential problems of the financial framework and its interplay with the macro-economy
Trade Review"The range of topics in this well-researched and well-written book include optimizing value-at-risk and daily capital charges, managing value at risk under the Basel II Accord, sovereign insolvency procedures, collective action clauses in international sovereign bond contracts, a review of empirical studies on collateral and credit rationing, and capital requirements, business cycle fluctuations, and the Basel Accords." (Booknews, 1 April 2011)
Table of ContentsContributors.
Issues in Finance: Credit, Crises and Policies – An Overview (Stuart Sayer).
1 Bank Capital Requirements, Business Cycle Fluctuations and the Basel Accords: A Synthesis (Ines Drumond).
2 The Ten Commandments for Optimizing Value-at-Risk and Daily Capital Charges (Michael McAleer).
3 The Ten Commandments for Managing Value at Risk Under the Basel II Accord (Juan-Ángel Jiménez-Martín, Michael McAleer and Teodosio Peréz-Amaral).
4 Sovereign Insolvency Procedures A Comparative Look at Selected Proposals (Kathrin Berensmann and Angélique Herzberg).
5 Collective Action Clauses in International Sovereign Bond Contracts – Whence the Opposition? (Sonke Haseler).
6 Collateral and Credit Rationing: A Review of Recent Empirical Studies as a Guide for Future Research (Tensie Steijvers and Wim Voordeckers).
7 The Stock Market, Housing and Consumer Spending: A Survey of the Evidence on Wealth Effects (Monica Paiella).
8 Price-Level Targeting and Stabilisation Policy: A Survey (Steve Ambler).
Index.
