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Macrofinancial Risk Analysis (The Wiley Finance Series #433)
By: Dale Gray , Samuel MaloneeBook Publisher: John Wiley & Sons
Imprint: John Wiley & Sons, Ltd.
Format: Adobe Encrypted (DRM)
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Macrofinancial risk analysis
Dale Gray and Samuel Malone
Macrofinancial Risk Analysis provides a new and powerful framework with which policymakers and investors can analyze risk and vulnerability in economies, both emerging market and industrial. Using modern risk management and financial engineering techniques applied to the macroeconomy, an economic value can be placed on the risks posed by inter-linkages between sectors, the risk of default of different sectors on their outstanding debt obligations quantified, and the value ex-ante of guarantees to private sector entities by the government calculated. This book guides the reader through the basic macroeconomic and financial models necessary to understand the framework, the core analytical tools, and more advanced contributions that will be of interest to researchers. This unique synthesis of ideas from finance and macroeconomics offers several original contributions to the theory of financial crises, as well as a range of new policy options for governments interested in achieving a better tradeoff between economic growth and macro risk.
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| Title of Business & Economics eBook: Macrofinancial Risk Analysis (The Wiley Finance Series #433) | |
| Release Date: 07-21-2008 | |
| Publisher: John Wiley & Sons, Ltd. |
This eBook download is available in the following formats:
| Parent title | Macrofinancial Risk Analysis (The... |
|---|---|
| Encrypted (DRM) | Yes |
| SKU | 9780470756324 |
| File size | 5499 |
| Security | n/a |
| Printing | Not allowed |
| Copying | Not allowed |
| Read aloud | No Sys requirements Download reader |
| Devices | Samsung Tablet, Apple Ipad & Iphone, Barnes & Noble Nook, Kobo eReader, Aluratek Libre, Iliad, Nokia, Blackberry, Hanlin |
| Note | Excellent navigation features are available via Adobe such as bookmarks and a quick access table of contents. Text search is easily accessible. An Adobe DRM-protected file is different than a pdf file in that it uses Adobe DRM (Digital Rights Management) technology, which authors and publishers use to protect their content from illegal online distribution and to set certain privileges such as restrictions on copying and printing. |
Macrofinancial Risk Analysis (The Wiley Finance Series #433)
Chapter One
Introduction
In this book we will:
Provide a new framework for risk and policy analysis using quantitative risk-based tools for: - evaluation of financial institution risk and financial system stability;
- improving ratings and vulnerability analysis for firms, banks, and sovereigns;
- reserve, fiscal, and debt management;
- assessing benefits of risk mitigation policies and transfer contracts;
- linking macroeconomics with finance in a more unified framework.
Apply modern risk management and finance techniques to the macroeconomy so as to better assess country vulnerability, and the valuation of debt, contingent liabilities, equity, and other contingent claims on sector assets.
Analyze the impact of shocks, both domestic and external, on the macroeconomy using a framework based on the analysis of risk-adjusted, interlinked balance sheets of the major economic sectors. The new framework measures non-linear risk transmission between the sectors of the economy and from abroad.
Provide a new framework for relative valuation, investing, and trading, including sovereign capital structure arbitrage and cross-sector and cross-country arbitrage. The framework allows for analysis and management of sovereign wealth funds and the design of new instruments and contracts to control or transfer sovereign risk.
The fields of macroeconomics and finance have both experienced great innovations during the past thirty-five years. Unfortunately, some of the most important advances during that period are
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