An innovative textbook that explores the ‘why’ behind global financial stability, providing insightful discussions on the international financial system and the contemporary issues of today.
Paperback: 426 pages
Publisher: Pearson Education 2013
This book is suitable for both undergraduate and masters students, and the book has been used successfully in a masters course at the London School of Economics, FM 447, Global Financial Systems.
The book uses economic theory, finance, mathematical modelling, risk theory, and policy to posit a comprehensive, coherent and current economic analysis of the inherent instabilities of the financial system, and the design of optimal policy response.
The book contains an up-to-date and thorough analysis of the 2007/08 financial crisis, the subsequent changes in financial regulations and government policy. It concludes with analysis of the ongoing European sovereign debt crisis.
Nicely and clearly written for an undergraduate audience…the book has a fresh perspective that will differentiate it from pre-crisis texts
Professor Goodhart, Professor Emeritus, London School of Economics
Global Financial Systems: Stability and Risk, looks to be an important book… it will appeal to those interested in regulation as well as those more on the regulatory side.
Professor Caprio, William Brough Professor of Economics at Williams College and Chair, Center for Development Economics