What Is Systemic Risk? Does It Apply to Recent JP Morgan Losses?
Description:
Systemic risk refers to the possibility that the financial system as a whole might become unstable, rather than the health of individual market participants. Stable financial systems do not transmit
or magnify shocks to the broader economy. A firm, person, government, financial utility, or policy might create systemic risk if (1) its failure causes other failures in a domino effect; (2) news about its assets signals that others with similar assets may also be distressed, called contagion; (3) …
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Date:
May 24, 2012
Creator:
Murphy, Edward V.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department