This report analyses the results of simulations using an agent based model of financial markets to show how excessive levels of leverage in financial markets can lead to a systemic crash. Investors overload on risky assets betting more than they have to gamble creating a tremendous level of...

The financial crisis required governments to make massive interventions in their financial systems. This book sets out priorities for reforming incentives in financial markets as well as for phasing out these emergency measures.

Summary of main themes : Reform principles ; Exit strategy principles -- Priorities for reforming incentives in financial markets: Strengthen the regulatory framework ; Focus on integrity and transparency in financial markets ; Strengthen capital adequacy rules ; Strengthen understanding of how...

This comprehensive study responds to the growing concerns of economic, financial, political and social actors regarding the ever increasing exposure to new expanding risks. These risks are particularly related to natural disaster/environment pollution, technology, health and terrorism. For...