Intro -- Contents -- Foreword -- Glossary -- 1 Introduction -- 2 A Primer on Systemic Risk -- 3 Systemic Risk: A Theoretical Framework -- 4 The Buildup of Financial Imbalances -- 5 Contagion -- 6 Systemic Risk and the Real Costs of FinancialCrises -- 7 Measuring Systemic Risk -- 8 Systemic Risk...

Featuring essays by Nobel laureate economists and an afterword by Richard Posner, this volume provides a comprehensive overview of the collapse of the global financial sector in 2008. It will be essential reading for anyone interested in the nature of modern capitalism and regulation.

Front Cover -- Book Title -- Copyright -- Contents -- List of Figures -- Preface -- 1. What Caused the Financial Crisis -- 2. What Prolonged the Crisis -- 3. Why the Crisis Worsened Dramatically a Year after it Began -- 4. What Went Right in the Two Decades before the Crisis -- 5. Why a Black...

Intro -- Contents -- Acknowledgments -- Foreword -- Executive Summary -- Abbreviations and Acronyms -- 1 Development Policy Reform -- Policy Reform Is Difficult Business -- Are Developing Countries' Policies Improving? -- Why and How Does the Bank Support Policy Reform? -- 2 Ownership: Linking...

National Central Banks (NCBs) of the Eurosystem pool profits and losses related to monetary policy operations to form the Eurosystem's so-called 'monetary income'. This is then redistributed - i.e. allocated - among NCBs according to respective capital keys (the participation shares of each NCB...

Two extraordinary U.S. labor market developments facilitated the sharp disinflation in 2022-23 without raising the unemployment rate. First, pandemic-driven infection worries and social distancing intentions caused a sizable drag on labor force participation that began to reverse in the first...