Governance and control of financial systems a resilience engineering perspective

The recent financial crisis has made it paramount for the financial services industry to find new perspectives to look at their industry and, most importantly, to gain a better understanding of how the global financial system can be made less vulnerable and more resilient. The primary objective of t...

Descripción completa

Detalles Bibliográficos
Otros Autores: Hollnagel, Erik, 1941- (-), Sundström, Gunilla
Formato: Libro electrónico
Idioma:Inglés
Publicado: Farnham, Surrey ; Burlington, VT : Ashgate cop. 2011.
Colección:EBSCO Academic eBook Collection Complete.
Ashgate studies in resilience engineering.
Acceso en línea:Conectar con la versión electrónica
Ver en Universidad de Navarra:https://innopac.unav.es/record=b33429340*spi
Tabla de Contenidos:
  • Prologue, G.A. Sundstrom and E. Hollnagel; The turmoil in the financial service system, G.A. Sundstrom and E. Hollnagel; Section I Understanding Why: the Need for New Perspectives: Introduction, G.A. Sundstrom and E. Hollnagel; What is the financial services system?, G.A. Sundstrom and E. Hollnagel; A dynamic systems modelling perspective, G.A. Sundstrom and E. Hollnagel; Introduction to econophysics: correlated trader behaviours, bubbles and crashes, scalability dynamics, power laws and scale-free theories, B. McKelvey and R. Yalamova. Section II Understanding What: Making Sense of Unpredictable Events and Developments: Introduction, E. Hollnagel and G.A. Sundstrom;The 2007 liquidity crisis: an example of scalability dynamics in action, B. McKelvey and R. Yalamova; Taming manias: on the origins, inevitability, prediction and regulation of bubbles and crashes, J. Satinover and D. Somette; Using power laws and the Hurst exponent to identify stock market trading bubbles, R. Yalamova and B. McKelvey. Section III Understanding How: Turning Financial Services Systems into resilient Systems: Introduction, E. Hollnagel and G.A. Sundstrom; Balancing different modes of uncertainty management in the financial services industry, G. Grote; Financial resilience engineering: toward automatic action formulas against risk and reckless endangerment, B. McKelvey and R. Yalamova; The ability to regulate, govern and control financial systems, G.A. Sundstrom and E. Hollnagel; Epilogue, E. Hollnagel and G.A. Sundstrom; References; Indexes.