Chapter

Managing Systemic Risk

Kern Alexander, Rahul Dhumale and John Eatwell

in Global Governance of Financial Systems

Published in print September 2005 | ISBN: 9780195166989
Published online September 2007 | e-ISBN: 9780199783861 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195166989.003.0003
 Managing Systemic Risk

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This chapter discusses the nature of systemic risk in the international financial system and the dilemmas that face national regulators who seek to protect their economies from the ravages of financial contagion and payment-system breakdown. It addresses the concept of global governance, along with a history of the recent demise of the Bretton Woods system, which has been followed by lower rates of economic growth in most countries and by increased volatility and risk in the global financial system.

Keywords: international financial system; global governance; Bretton Woods system; financial markets

Chapter.  8932 words. 

Subjects: Financial Markets

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