Macrofinancial Risk Analysis
Dale F Gray & Samuel W Malone
Wiley Financial Series
John Wiley & Sons Ltd, Chichester, 2008.
Hardback; 175 x 250 mm; black boards with titles in silver on spine; xix & 342 pages. Original unclipped dust jacket.
The book is in fine condition.
“’Macrofinancial Risk Analysis’ provides a powerful new framework for measuring, analyzing, and managing risk in economies. Using modern finance techniques adapted to the macroeconomy, this work shows how to quantify economic losses due to risk transmission between sectors and countries, evaluate sovereign risk, and analyze systemic financial risk. This largely self-contained book guides the reader through the basic macroeconomic and financial models and how these frameworks can be integrated. This unique synthesis is of immediate practical value for international investors looking to profit in volatile markets, as well as for risk managers, rating agencies, researchers, and policy makers interested in preventing financial crises and managing tradeoffs between economic growth and macro risk. Macrofinance methods are applied to evaluate the subprime/credit crisis of 2007-08, as well as several past emerging market crises, with a view towards highlighting destabilization mechanisms and non-linear risk transmission between markets and balance sheets, both public and private.”