Modelling risks to financial stability
One reason behind the lack of consensus on how best to maintain financial stability is the fact that systemic risk is particularly difficult to model and measure. To this day, there is no widely-accepted quantitative metric for assessing whether financial systems have become more stable over time, or comparing their resilience across regions. As a result, most central banks have made one of their top priorities to develop rigorous, coherent and robust frameworks to analyse, and if possible quantify, risks to financial stability. However, developing such a framework is difficult because it requires modelling the financial system as a whole, accounting for possible strategic interactions between agents, risks of contagion and amplification phenomena, especially under stressed conditions. This workshop will provide central bankers with an expertise in this field with an opportunity to discuss the different approaches and the latest developments on quantifying systemic stability. [gemäß den Informationen des Anbieters - according to site editor's information] The website is no longer available.
|Event dates:||2010-02-09 – 2010-02-11|
|Organizer:||Centre for Central Banking Studies (CCBS), Bank of England|
|Classification:||G1 - General Financial Markets ; G2 - Financial Institutions and Services|
|Event type:||Seminare, Summer Schools, Symposien, Workshops; Seminars, Summer Schools, Symposiums, Workshops|
Persistent link: https://www.econbiz.de/10005876415