Name
Abstract | ||
|---|---|---|
This paper aims to present an alternative paradigm of financial risk to mitigate future financial crises. We argue that risk is not simply a feature of a financial product but a good in and of itself. Examining financial risk, we argue that it is most accurately typed as a common pool (particularly systemic risk) and so another approach to financial risk pricing is needed. We outline the basics of an ex-ante quasi-insurance fundto price financial risk. For more effective governance, risk-loving agents need to contribute to an ex-ante quasi-insurance fund. Insurance recipients would be risk-averse agents, who do not contribute, as they are forced to participate in systemic risk-taking against their preferences. Our approach to financial risk combines a microprudential regulatory framework with macroprudential supervision. |
Year | DOI | Venue |
|---|---|---|
2014 | 10.1016/j.procs.2014.05.251 | Procedia Computer Science |
Keywords | Field | DocType |
risk,goods,bads,common-pools,trader,SIFI,insurance,microprudential regulation,macroprudential supervision | Financial risk,Financial risk management,Systemic risk,Corporate governance,Actuarial science,Computer science,Microprudential regulation,Financial system,Artificial intelligence,Machine learning,Value at risk | Conference |
Volume | ISSN | Citations |
31 | 1877-0509 | 0 |
PageRank | References | Authors |
0.34 | 0 | 3 |
Name | Order | Citations | PageRank |
|---|---|---|---|
| W. Travis Selmier II | 1 | 0 | 0.34 |
| Henry Penikas | 2 | 0 | 2.03 |
| Ksenia Vasilyeva | 3 | 0 | 0.34 |