Macrofinancial Risk Analysis

Macrofinancial Risk Analysis

Author(s): Dale F. Gray, Samuel W. Malone

Published Online: 23 MAY 2012 12:33PM EST

Print ISBN: 9780470058312

Online ISBN: 9781118467428

DOI: 10.1002/9781118467428

About this Book

Macrofinancial risk analysis

Dale Gray and Samuel Malone

Macrofinancial Risk Analysis provides a new and powerful framework with which policymakers and investors can analyze risk and vulnerability in economies, both emerging market and industrial. Using modern risk management and financial engineering techniques applied to the macroeconomy, an economic value can be placed on the risks posed by inter-linkages between sectors, the risk of default of different sectors on their outstanding debt obligations quantified, and the value ex-ante of guarantees to private sector entities by the government calculated. This book guides the reader through the basic macroeconomic and financial models necessary to understand the framework, the core analytical tools, and more advanced contributions that will be of interest to researchers. This unique synthesis of ideas from finance and macroeconomics offers several original contributions to the theory of financial crises, as well as a range of new policy options for governments interested in achieving a better tradeoff between economic growth and macro risk.

Table of contents

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  1. Part I: Overview of Finance, Macroeconomics, and Risk Concepts

  2. Part II: The Macrofinance Modeling Framework

  3. Part III: Linking Macrofinancial and Macroeconomic Frameworks

  4. Part IV: Crisis and Distress in Economies

  5. Part V: Macrofinancial Model Applications and Analytical Issues

    1. You have free access to this content
    1. You have free access to this content