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Mapping Financial Stability pp 1–14Cite as

Introduction

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Part of the book series: Computational Risk Management ((Comp. Risk Mgmt))

Abstract

The ongoing global financial crisis has demonstrated the importance of a system-wide, or macroprudential, approach to safeguarding financial stability. This book concerns macroprudential oversight from the viewpoint of three tasks: Within analytical tools for risk identification and risk assessment, the focus concerns a tight integration of means for risk communication. This introduction is structured as follows. First, it presents the background of macroprudential oversight and briefly positions the topic of this book. Then, it discusses the two key objectives of this book and untangles them into five research questions, which is followed by a chapter-specific overview of the book.

When the crisis came, the serious limitations of existing economic and financial models immediately became apparent. [...] As a policy-maker during the crisis, I found the available models of limited help. In fact, I would go further: in the face of the crisis, we felt abandoned by conventional tools.

–Jean-Claude Trichet, President of the ECB,

Frankfurt am Main, 18 November 2010

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Authors and Affiliations

  1. Centre of Excellence SAFE, Goethe University Frankfurt, Grüneburgplatz 1, 60323, Frankfurt am Main, Germany

    Peter Sarlin

  2. RiskLab Finland, IAMSR Åbo Akademi University, Turku, Finland

    Peter Sarlin

  3. Arcada University of Applied Sciences, Helsinki, Finland

    Peter Sarlin

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  1. Peter Sarlin
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Correspondence to Peter Sarlin .

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Sarlin, P. (2014). Introduction. In: Mapping Financial Stability. Computational Risk Management. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-54956-4_1

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  • DOI: https://doi.org/10.1007/978-3-642-54956-4_1

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-54955-7

  • Online ISBN: 978-3-642-54956-4

  • eBook Packages: Business and EconomicsEconomics and Finance (R0)

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