Policymakers need wider range of systemic risk models – paper
Researchers attempt to combine systemic importance and systemic risk approaches
Macro-prudential policymakers should start using measures of “systemic expected exposure” as a tool, argue two researchers in a paper published by the Bank of Italy.
The existing measures of systemic risk do not fully capture some important information about the possibility of financial crises, say Sergio Masciantonio and Andrea Zaghini in Systemic risk and systemic importance measures during the crisis.
This partly stems from a misunderstanding of the concepts that should be applied to macro
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