Financial Instability and Systemic Risk
The Global Financial Crisis revealed that systemic fragility arises not only from identifiable risks but also from systemic uncertainty – the endogenous and often unpredictable dynamics that build up within financial systems and amplify across time and space. More than a decade later, this dual chal...
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| Formato: | Online |
| Idioma: | inglês |
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Taylor & Francis
2026
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| Acesso em linha: | ONIX_20260429T161217_9781040870204_18 |
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| _version_ | 1869514143019565056 |
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| author | Kaszowska-Mojsa, Jagoda |
| author_browse | Kaszowska-Mojsa, Jagoda |
| author_facet | Kaszowska-Mojsa, Jagoda |
| author_sort | Kaszowska-Mojsa, Jagoda |
| collection | Directory of Open Access Books |
| description | The Global Financial Crisis revealed that systemic fragility arises not only from identifiable risks but also from systemic uncertainty – the endogenous and often unpredictable dynamics that build up within financial systems and amplify across time and space. More than a decade later, this dual challenge remains pressing as the rising inequality and geopolitical insecurity have underscored the vulnerability of interconnected economies and societies. This book illustrates how agent-based modelling (ABM) can enrich the study of crises, systemic risk and uncertainty, and the distributional effects of policies that are designed to contain them. Rather than treating crises as external shocks, the book highlights how fragility can emerge endogenously within economies that are understood as complex, evolving systems. Through clear explanations and targeted applications, it not only demonstrates how ABM can capture the effects of macroprudential regulation on the real economy and inequality and shed light on moments of financial instability but also provides a practical guide to building such data-driven models in the first place. At the same time, it situates these insights within a broader discussion of contagion, procyclicality and global financial regulation, thus connecting the modelling results with ongoing debates on how best to safeguard financial stability. Further, it offers a valuable synthesis of lessons learned from advanced economies, illustrating how institutional design and macroprudential policy can strengthen financial resilience while also generating significant redistributive effects across sectors and households. The book is primarily aimed at an academic audience of scholars and advanced students in economics, finance and computational social science. It will also appeal to professionals in central banks, regulators and policymakers engaged in designing and evaluating macroprudential frameworks. The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC BY-NC-ND) 4.0 license. |
| format | Online |
| id | doab-20.500.12854ir-176211 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2026 |
| publishDateRange | 2026 |
| publishDateSort | 2026 |
| publisher | Taylor & Francis |
| publisherStr | Taylor & Francis |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1762112026-06-04T06:24:27Z Financial Instability and Systemic Risk Kaszowska-Mojsa, Jagoda Agent-based modelling Macroprudential regulation Financial contagion Procyclicality Computational economics Inequality dynamics Agent-based systemic risk modelling thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFL Credit and credit institutions thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics::KCBM Monetary economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFH Corporate finance thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history The Global Financial Crisis revealed that systemic fragility arises not only from identifiable risks but also from systemic uncertainty – the endogenous and often unpredictable dynamics that build up within financial systems and amplify across time and space. More than a decade later, this dual challenge remains pressing as the rising inequality and geopolitical insecurity have underscored the vulnerability of interconnected economies and societies. This book illustrates how agent-based modelling (ABM) can enrich the study of crises, systemic risk and uncertainty, and the distributional effects of policies that are designed to contain them. Rather than treating crises as external shocks, the book highlights how fragility can emerge endogenously within economies that are understood as complex, evolving systems. Through clear explanations and targeted applications, it not only demonstrates how ABM can capture the effects of macroprudential regulation on the real economy and inequality and shed light on moments of financial instability but also provides a practical guide to building such data-driven models in the first place. At the same time, it situates these insights within a broader discussion of contagion, procyclicality and global financial regulation, thus connecting the modelling results with ongoing debates on how best to safeguard financial stability. Further, it offers a valuable synthesis of lessons learned from advanced economies, illustrating how institutional design and macroprudential policy can strengthen financial resilience while also generating significant redistributive effects across sectors and households. The book is primarily aimed at an academic audience of scholars and advanced students in economics, finance and computational social science. It will also appeal to professionals in central banks, regulators and policymakers engaged in designing and evaluating macroprudential frameworks. The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC BY-NC-ND) 4.0 license. 2026-05-05T05:26:09Z 2026-05-05T05:26:09Z 2026-05-04T08:54:25Z 20260501 2026 book ONIX_20260429T161217_9781040870204_18 https://library.oapen.org/handle/20.500.12657/112861 9781040870204 9781040870297 9781003748953 https://directory.doabooks.org/handle/20.500.12854/176211 eng Routledge International Studies in Money and Banking open access image/jpeg image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/112861/1/9781040870204.pdf https://library.oapen.org/bitstream/20.500.12657/112861/1/9781040870204.pdf Taylor & Francis Routledge 10.4324/9781003748953 10.4324/9781003748953 fa69b019-f4ee-4979-8d42-c6b6c476b5f0 Polska Akademia Nauk 9781040870204 9781040870297 9781003748953 Routledge 288 Oxford [...] open access |
| spellingShingle | Agent-based modelling Macroprudential regulation Financial contagion Procyclicality Computational economics Inequality dynamics Agent-based systemic risk modelling thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFL Credit and credit institutions thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics::KCBM Monetary economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFH Corporate finance thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history Kaszowska-Mojsa, Jagoda Financial Instability and Systemic Risk |
| title | Financial Instability and Systemic Risk |
| title_full | Financial Instability and Systemic Risk |
| title_fullStr | Financial Instability and Systemic Risk |
| title_full_unstemmed | Financial Instability and Systemic Risk |
| title_short | Financial Instability and Systemic Risk |
| title_sort | financial instability and systemic risk |
| topic | Agent-based modelling Macroprudential regulation Financial contagion Procyclicality Computational economics Inequality dynamics Agent-based systemic risk modelling thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFL Credit and credit institutions thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics::KCBM Monetary economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFH Corporate finance thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history |
| topic_facet | Agent-based modelling Macroprudential regulation Financial contagion Procyclicality Computational economics Inequality dynamics Agent-based systemic risk modelling thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFK Banking thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFL Credit and credit institutions thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNS Hospitality and service industries thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics::KCBM Monetary economics thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFH Corporate finance thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history |
| url | ONIX_20260429T161217_9781040870204_18 |
| work_keys_str_mv | AT kaszowskamojsajagoda financialinstabilityandsystemicrisk |