Global Financial Stability and Systemic Risk

Macroprudential Policy in Theory and Practice

ISBN:

978-3-03-247968-6

Verlag:

Springer International Publishing

Land des Verlags:

Schweiz

Erscheinungsdatum:

11.09.2027

Autoren:

de Asis Nadal De Simone Francisco

Format:

Hardcover

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Beschreibung

Financial stability has become one of the defining challenges for policymakers, regulators, financial institutions, and markets. This book provides a comprehensive and practically grounded guide to systemic risk and macroprudential policy, bringing together economic theory, policy frameworks, analytical tools, and lessons from financial crises and periods of market disruption.

The book demonstrates how economic theory can and should inform policy decisions under conditions of uncertainty and financial stress, including by drawing on real-world examples such as the COVID-19 pandemic. It examines the interaction between monetary, fiscal, and macroprudential policy and explains the roles played by major international and national institutions, including the G20, Financial Stability Board, IMF, World Bank, BIS, ECB, ESRB, and U.S. regulatory authorities.

The book provides practical insight into systemic risk modelling, early-warning systems, default modelling, macro-financial forecasting, stress testing, and advanced data analysis, including the growing application of machine learning and artificial intelligence. It also addresses emerging sources of financial instability, from crypto assets to climate-related financial risk, alongside evolving macroprudential regulation of banks and non-bank financial institutions.

Combining rigorous analysis with the perspective of a practitioner who has worked across central banking and international institutions, this book equips finance professionals, policymakers, regulators, researchers, and advanced students with the tools needed to assess systemic vulnerabilities and understand the policy responses shaping today’s interconnected financial system.

Biografische Anmerkung

Francisco de Asis Nadal De Simone obtained a CPA and a master’s degree in economics (magna cum laude) at the University of Cuyo, Argentina and his PhD from the Graduate Institute of International and Development Studies, University of Geneva. He worked at the World Trade Organization, the Reserve Bank of New Zealand, the International Monetary Fund, and the Central Bank of Luxembourg (BCL). He represented the BCL at the Committee on Global Financial Stability of the Bank for International Settlements and at the Financial Stability Committee of the ECB. He taught macroeconomics at the National University of Singapore and finance at its business school. Prof. Nadal De Simone offered training seminars at the Central Bank of China, and Vietnam regulatory bodies and its Central Bank. He has lectured in international economics, banking, and financial stability at Christ’s College, Cambridge, UK, the University of Luxembourg, and the Luxembourg UBI Business School. He has published extensively in economics and finance.