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Understanding Financial Stability

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Understanding Financial Stability undertakes an in-depth analysis of all the issues related to financial stability. It establishes a general framework for a holistic assessment of financial stabili...
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  • 14 December 2018
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Since the outbreak of the US subprime crisis in 2007, financial stability has become a pressing item in the agenda of governments and policy-makers worldwide. However, to date, there are no books that provide a comprehensive analysis of financial stability in all of its dimensions. 

Understanding Financial Stability undertakes an in-depth analysis of all the concepts and issues related to financial stability. It establishes a general framework for a holistic assessment of financial stability, provides a comprehensive analysis pertaining to the genesis of financial crises, and offers key terms and elements embodied in financial stability. Posing the question of whether financial stability should rely only on resilience or predictability issues when it comes to handling crises, the book provides: 

• Extensive coverage of all key issues involved in the field of financial stability. 
• A consideration of the political economy. 
• A complete and in-depth assessment of crises in the world based on full historical coverage; including a definition of crises, various theories of crises, costs related to crises, types of crises and policy responses to crises. 

This book will prove valuable to central bankers, economists, and policy-makers who are involved in the field of financial stability, as well as researchers studying the field.
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Price: $117.99
Pages: 168
Publisher: Emerald Publishing Limited
Imprint: Emerald Publishing Limited
Publication Date: 14 December 2018
ISBN: 9781787568341
Format: Hardcover
BISACs: BUSINESS & ECONOMICS / General, Finance, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Finance / Financial Risk Management
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‘Indranarain Ramlall's proposal is a great attempt at giving a comprehensive view of financial stability from a theoretical, practical and policy perspective. It aims at providing future students with the tools to understand the framework in which financial stability is assessed and understood today by international organisations and central banks across the world. To my knowledge, this is the only book that covers such a wide range of topics related to financial stability. It, therefore, has the potential to become a good reference book on the topic. I believe that Indranarain Ramlall has made a great proposal to provide a “big picture view” on financial stability. I look forward to reading the textbook!’
INDRANARAIN RAMLALL, PHD, is a Senior Lecturer at the University of Mauritius in the department of Economics and Statistics. He previously served as a Credit Corporate Officer at the State Bank of India, Mauritius, and then a Fund Manager at Anglo-Mauritius Financial Services Limited. Dr Indranarain Ramlall also worked within the Financial Markets Division and the Financial Stability Unit at the Central Bank of Mauritius. At this time, he also served as a member of the Joint Working Group Committee on Debt Management and the Sub-Committee on Treasury Bill Allocation. His research interests include financial stability, central banking, risk management, economics and finance in Mauritius, investment analysis, quantitative techniques and econometric modelling, and the economics of climate change and green finance. Dr I. Ramlall is also an accomplished pioneer in the field of global central bank ratings.
Chapter 1. Finance, Incentive Structures and the Financial System 
Chapter 2. Concept of Financial Stability Demystified 
Chapter 3. Financial Stability Reports 
Chapter 4. Country Experiences with Respect to Financial Stability Risks 
Chapter 5. FinTech and the Financial Stability Board 
Chapter 6. Financial Crises