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Erschienen in:
Introduction Kapitel lesen Erstes Kapitel lesen

2017 | OriginalPaper | Buchkapitel

5. Measuring Systemic Risk

verfasst von : Malcolm H.D. Kemp

Erschienen in: Systemic Risk

Verlag: Palgrave Macmillan UK

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Abstract

Once a risk has been identified, a natural next step is to try to measure it. Warning bells typically trigger in the minds of risk managers if they come across a material measurable risk that is not actually being measured. Usually this is a sign that the risk is not being given as much attention as it warrants. The relative lack of attention given to systemic risk prior to the 2007–2009 Credit Crisis is a case in point. This chapter explores the considerable amount of research and other effort now being placed on measuring systemic risk and on seeking to uncover previously underappreciated vulnerabilities within the financial system.

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Vorheriges Kapitel Individual Elements of the Financial System
Nächstes Kapitel Designing and Implementing Macroprudential Policy
Fußnoten
1
Lookback bias is the tendency to select models that (had they been used in the past) would appear to have predicted results immediately thereafter artificially well, by including knowledge about what then happened.
 
Literatur
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Metadaten
Titel
Measuring Systemic Risk
verfasst von
Malcolm H.D. Kemp
Copyright-Jahr
2017
Buch
Systemic Risk

Print ISBN: 978-1-137-56586-0

Electronic ISBN: 978-1-137-56587-7

Copyright-Jahr: 2017

DOI
https://doi.org/10.1057/978-1-137-56587-7_5