Emerald Publishing Limited The Corporate, Real Estate, Household, Government and Non-Bank Financial Sectors Under Financial Stability: 3 (The Theory and Practice of Financial Stability, 3)

Product Description Sound financial stability assessments necessitate intensive analysis of different sectors, namely, the banking sector, the household sector, the corporate sector, the real estate sector, the government sector and the non-bank financial sector. This volume undertakes a systematic approach to provide a complete analysis and risk assessment of each of these sectors which interact closely to financial stability. The book considers: Microprudential and macroprudential regulations and how they constitute core ingredients to ensure a sound and smooth functioning financial system.  The role of household debt as a coveted economic indicator of the building up of financial instability pressures. The relation of the real estate sector to the prevalence of financial crises through asset price bubbles.   The role of the corporate sector in financial stability risk analysis. In particular, the balance sheets of the corporate sector are widely examined to uncover feasible risks to financial stability.  The role of the government sector, with particular emphasis being laid on public debt management.  This book will prove valuable to central bankers, economists and policy-makers who are involved in the field of financial stability, as well as researchers studying the field. Review ‘Indranarain Ramlall's proposal is a great attempt at giving a comprehensive view of financial stability from a theoretical, practical and policy perspective. It aims at providing future students with the tools to understand the framework in which financial stability is assessed and understood today by international organisations and central banks across the world. To my knowledge, this is the only book that covers such a wide range of topics related to financial stability. It, therefore, has the potential to become a good reference book on the topic. I believe that Indranarain Ramlall has made a great proposal to provide a “big picture view” on financial stability. I look forward to reading the textbook!’ -- Celine Tcheng, Central Bank of France ‘Financial stability has become a major concern for central banks, after the 2008 global financial crisis. More and more research is tackling topics regarding the role of the financial system in macroeconomic models and the implementation of macroprudential policy. Therefore, a comprehensive overlook of financial stability issues, such as the one offered by The Theory and Practice of Financial Stability can prove particularly useful for experts working in the financial system, central bankers included. The textbook covers a diverse set of topics from policy matters to risk assessment analysis.’ -- Elena Banu, Central Bank of Romania ‘This book is a comprehensive work on one of the most actual topics in the aftermath of the Great Recession. It covers a wide range of topics on financial stability complementing theoretical frameworks with practical examples.  Starting with a conceptual description on financial stability, the book overviews a history of the major financial crises and Basel regulation rules. Particularly useful is an inquiry of the financial stability perspectives across different asset classes and economy sectors. Another beneficial feature of this book is a complete oversight of stress testing methodologies.  The book is a thorough compilation of topics on financial stability and definitely deserves a place on the bookshelves of central bankers, government and private institutions’ officials.’ -- Vaidotas Sumskis, Bank of Lithuania ‘Dr Indranarain's book is an actual textbook for interpreting interrelations between all aspects and sectors of the international economy and will surely be a highly useful tool for credit institutions, investors, practitioners as well as academics. From a Central Bank's point of view this book provides an integrated approach to macroeconomic environment and the interactions between the various factors and an actual tool for assessing and me