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· 분류 : 외국도서 > 경제경영 > 금융/재정 > 일반
· ISBN : 9780470572290
· 쪽수 : 224쪽
· 출판일 : 2010-11-02
목차
Foreword.
Preface.
Introduction.
Market Instability.
Derivatives and Mathematical Modeling.
Senior Management and “Staying in the Game”.
Macro-prudential Financial Regulation and Cycle-Proof Regulation.
The Way Forward.
Conclusion.
Part I: A Review of the Financial Crash.
Chapter 1: Globalization, Emerging Markets, and the Savings Glut.
Globalization.
A Series of Emerging Market Crises.
Low Yield Environment Due to New Players on the Financial Markets.
Artificially Low Exchange Rates.
Recommendations and Solutions for Global Imbalances.
Chapter 2: The Rise of Derivatives and Systemic Risk.
Systemic Risk.
Derivative Market Systemic Risk: Solutions for Improvement.
Chapter 3: The “Too-Big-To-Fail” Bank, Moral Hazard, and Macroprudential Regulation.
Banks and Moral Hazard.
Addressing Too-Big-to Fail: Mitigating Moral Hazard Risk.
Macroprudential Regulation: Regulating Bank Systemic Risk.
Conclusion.
Chapter 4: Corporate Governance and Remuneration in the Banking Industry.
Bonuses and a Moral Dilemma.
A Distorted Remuneration Model.
Unsuitable Personal Behavior.
Conclusion.
Chapter 5: Bank Capital Safeguards: Additional Capital Buffers and Reverse Convertibles.
Capital Issues in a Bear Market.
Looking for New Capital Instruments.
Counter-Cyclical Capital Management.
Chapter 6: Economic Theories under Attack.
A Belief in Free and Self Adjusting Markets.
Modigliani and Miller.
Markowitz and Diversification Tested.
Minsky Once Again.
Lessons to Be Learned for Central Banks.
Conclusion.
Part II: New Models for Banking and Investment.
Chapter 7: Long-Term Sustainable Investment Guidelines.
The Investment Landscape after the Crisis.
Government Debts and Demographics.
A New Economic Environment.
The Inflation Dragon.
Currencies and a Changing Geo-Political Landscape.
Exchange Traded Funds: A Flexible Asset Class.
Conclusion.
Chapter 8: Bank Asset-Liability and Liquidity Risk Management.
Basic Concepts of Bank Asset-Liability Management.
Asset and Liability Management: The ALCO.
ALCO Reporting.
Principles of Bank Liquidity Risk Management.
Measuring Bank Liquidity Risk: Key Metrics.
Internal Funding Rate Policy.
Conclusion.
Chapter 9: A Sustainable Bank Business Model: Capital, Liquidity and Leverage.
The New Bank Business Model.
Corporate Governance.
Liquidity Risk Management.
The Liquid Asset Buffer.
Conclusion.
Notes.
References.
About the Authors.
Index.
