Managing Systemic Risks

Pew Economic Policy Group

This 13-page US briefing paper begins with a working definition of systemic risk as "a systemic risk is a risk that an event will trigger a loss of confidence in a substantial portion of the financial system that is serious enough to have adverse consequences for the real economy." It focuses on an operational definition of systemic risk management as a combination of six specific things that governments can do

Charles Taylor

Economic Policy Posted: 2009-10-18