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Systemic Risk Tomography: Signals, Measurement and Transmission Channels

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Systemic Risk Tomography: Signals, Measurement and Transmission Channels - Billio, Monica, and Pelizzon, Loriana, and Savona, Roberto
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In April 2010 Europe was shocked by the Greek financial turmoil. At that time, the global financial crisis, which started in the summer of 2007 and reached systemic dimensions in September 2008 with the Lehman Brothers' crash, took a new course. An adverse feedback loop between sovereign and bank risks reflected into bubble-like spreads, as if financial markets had received a wake-up call concerning the disregarded structural vulnerability of economies at risk.These events inspired the SYRTO project to "think and rethink??? ...

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Systemic Risk Tomography: Signals, Measurement and Transmission Channels 2016, ISTE Press Ltd - Elsevier Inc

ISBN-13: 9781785480850

Hardcover