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New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences (2007)
Board on Mathematical Sciences and Their Applications (BMSA)

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. "Appendix B: Background Paper." New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences. Washington, DC: The National Academies Press, 2007.

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New Directions for Understanding Systemic Risk: A Report on a Conference Cosponsored by the Federal Reserve Bank of New York and the National Academy of Sciences
  • Which aspects of the financial system seem most important and/or challenging to capture in considering the potential for systemic risk in the financial sector?

  • What potential avenues for future cross-disciplinary collaboration on systemic risk issues seem most promising?

References

Counterparty Risk Management Policy Group II. 2005. Toward Greater Financial Stability: A Private Sector Perspective. Available at <http://www.crmpolicygroup.org>.

Diamond, D. W., and P. H. Dybvig. 1983. “Bank Runs, Deposit Insurance, and Liquidity.” Journal of Political Economy 91, no. 2 (June): 401-19.

Fleming, M. J., and K. D. Garbade. 2002. “When the Back Office Moved to the Front Burner: Settlement Fails in the Treasury Market After 9/11.” Federal Reserve Bank of New York Economic Policy Review 8, no. 2 (November): 35-57.

Group of Ten. 2001. Consolidation in the Financial Sector. Available at <http://www.bis.org/ publ/gten05.html>.

Kindleberger, C. P. 1978. Manias, Panics, and Crashes: A History of Financial Crises. New York: John Wiley & Sons.

McAndrews, J. J., and S. M. Potter. 2002. “Liquidity Effects of the Events of September 11, 2001.” Federal Reserve Bank of New York Economic Policy Review 8, no. 2 (November): 59-79.

Minsky, H. P. 1977. “A Theory of Systemic Fragility.” In E. I. Altman and A. W. Sametz, eds., Financial Crises: Institutions and Markets in a Fragile Environment. New York: John Wiley & Sons.

_____. 1982. “The Financial-Instability Hypothesis: Capitalist Processes and the Behavior of the Economy.” In C. P. Kindleberger and J.-P. Laffargue, eds., Financial Crises: Theory, History, and Policy, 13-39. Cambridge: Cambridge University Press.

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