This paper describes a project focused on the theoretical value of realism to the study of international relations. A large number of the primary assumptions and propositions within realism are detailed and evaluated in light of results drawn from studies using a simulation model of a multistate...

Financial supervision focuses on the aggregate (macroprudential) in addition to the individual (microprudential). But an agreed framework for measuring and addressing financial imbalances is lacking. We propose a holistic approach for the financial system as a whole, beyond banking. Building on...

We quantify the capital shortfall that results from a global financial crisis by using a macro-finance dynamic stochastic general equilibrium model that captures the interactions between the financial and real sectors of the economy. We show that a crisis similar to that observed in 2008...