. "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.
The following HTML text is provided to enhance online
readability. Many aspects of typography translate only awkwardly to HTML.
Please use the page image
as the authoritative form to ensure accuracy.
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: APrivate 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.
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.