After the credit crisis, supervisors enacted a range of financial reforms. In particular, they radically changed the nature of the OTC derivatives market via a number of measures, notably mandatory central clearing. This book discusses the market before the crisis, explains what central clearing...

After the credit crisis, supervisors enacted a range of financial reforms. In particular, they radically changed the nature of the OTC derivatives market via a number of measures, notably mandatory central clearing. This book discusses the market before the crisis, explains what central clearing...

There has recently been a proliferation of new quantitative tools as part of various initiatives to improve the monitoring of systemic risk. The "SysMo" project takes stock of the current toolkit used at the IMF for this purpose. It offers detailed and practical guidance on the use of current...

Front Matter -- Preface -- Acknowledgments -- Contents -- 1 Introduction -- 2 Current Trends in Economic Research on Systemic Risk -- 3 Systemic Risk in Ecology and Engineering -- 4 The Payments System and the Market for Interbank Funds -- 5 Concluding Observations -- Appendixes -- Appendix A:...

Intro -- Contents -- Introduction -- 1. Managing Systemic Risk: The Rationale for International Financial Regulation -- 2. Global Governance and International Standard Setting -- 3. The International Legal Framework for International Financial Regulation -- 4. International Soft Law and the...