SOLSYS
Systemic Risk and Financial Vulnerabilities: Diagnosis and Solutions
| Coordinatore | FONDATION JEAN-JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES
Spiacenti, non ci sono informazioni su questo coordinatore. Contattare Fabio per maggiori infomrazioni, grazie. |
| Nazionalità Coordinatore | France [FR] |
| Totale costo | 1˙117˙200 € |
| EC contributo | 1˙117˙200 € |
| Programma | FP7-IDEAS-ERC
Specific programme: "Ideas" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013) |
| Code Call | ERC-2012-StG_20111124 |
| Funding Scheme | ERC-SG |
| Anno di inizio | 2012 |
| Periodo (anno-mese-giorno) | 2012-10-01 - 2017-09-30 |
Partecipanti
| # | ||||
|---|---|---|---|---|
| 1 |
FONDATION JEAN-JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES
Organization address
address: ALLEE DE BRIENNE, Manufacture des Tabacs 21 contact info |
FR (TOULOUSE) | hostInstitution | 1˙117˙200.00 |
| 2 |
FONDATION JEAN-JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES
Organization address
address: ALLEE DE BRIENNE, Manufacture des Tabacs 21 contact info |
FR (TOULOUSE) | hostInstitution | 1˙117˙200.00 |
Mappa
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Obiettivo del progetto (Objective)
'The general purpose of this research proposal is to improve our scientific understanding of the risk-taking of financial intermediaries, the sources and structure of systemic risk and to investigate new directions regarding risk measurement and optimal regulation of the financial sector.
When financial institutions experience negative shocks, they can contaminate each-other. The amplification of initial shocks can spiral into a threat to the solvency of the entire financial system: this is systemic risk. Such contagion between financial intermediaries stems from several kinds of linkages and incentive structures which the proposal investigates. The understanding, measurement and anticipation of financial fragility has been high on financial regulators' priority list since the 2008 collapse of Lehman Brothers and has been revived further by the European sovereign risk.
The research to be initiated under this proposal will mix intimately theoretical work and micro-empirical work. It will try to both increase our understanding of the financial crisis by opening the “black-box” of financial institutions and to directly touch in a concrete and forward-looking manner upon regulatory issues.
The proposal articulates a research program around five main independent projects. Each project combines modeling and empirical tests and is intended to lead to a series of separate academic papers and policy implications.
Project 1: Bank Vulnerability and Fire-Sales Spirals Project 2: Risk-Shifting, Systemic Risk and Monetary Policy Project 3: The Source and Dynamics of Rents in the Financial Industry Project 4: Regulating through Information: What Level of Transparency is Optimal? Project 5: Inequality, Political Economy and Financial Instability'