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Heiko Hesse, Benjamin Neudorfer, Claus Puhr, Christian Schmieder, Stefan W Schmitz

The global financial crisis has shown that neglecting liquidity risk comes at a substantial price. This column presents a new framework to run system-wide, balance sheet data–based liquidity stress tests. The liquidity framework includes a module to simulate the impact of bank-run type scenarios, a module to assess risks arising from maturity transformation and rollover risks, and a framework to link...

This new Vox eBook presents a collection of essays by leading European and US economists that offer solutions to the crisis and proposals for medium- to long-term reforms to the regulatory framework in which financial institutions operate.
Edited by Thorsten Beck
Published 25 October 2011
Download the full pdf
Read chapters
Download the epub (for iPad, etc.)
Order a printed copy or a copy for your kindle from Amazon.co.uk or Amazon.com
Via: VoxEU.org
 
Table of Contents
The...

An interesting new research paper published in The New Journal of Physics presents a new network model which helps identify clusters of investors and could lead to the identification of trading patterns and strategies that collectively determine stock price.

Via PhysOrg:
The stock price of a company continuously changes, going up or down depending on the collective activity of a large number of investors. Although this process seems fairly straightforward, no one fully understands how...

Via Jim Maher over at Finance Professor, comes this interesting article on some reasearch published this week at PLoS ONE.

...Traders who had successful careers, as measured by length of employment, tended to have genetic backgrounds linked to moderate levels of dopamine.
In other words, a good trader is likely to have a genetic code that influences a person's behavior toward competitiveness, but not the kind of thrill-seeking behavior in which risk taking becomes an addiction....

An interesting article by Elizabeth Day over in The Observer today discusses the way that, in the UK at least,  financial journalism has become cool; and how journalists such as Robert Peston, Gillian Tett, Stephanie Flanders, Paul Mason, Laura Kuenssberg and Faisal Islam have become the modern arbiters of the often arcane and esoteric world of finance.
I can certainly testify to the general publics' increasing attention to finance and economics since the crisis. When MoneyScience first...

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This is an updated and revised version of a popular list we originally compiled in 2010. Of course we might be doing ourselves a disservice since MoneyScience is quite clearly the best social network for finance on the web, but we figured you still might find this useful. You can always register for a profile at MoneyScience here.

General Finance and Banking

Finance Club
Finance Industry Professionals Worldwide
World Banking Forum
Financial Economists - Solutions to Today's...

Via Finextra comes this interesting reference to a new set of standards released by the Federation of European Securities Exchanges (FESE) and a consortium including: Thomson Reuters, Bloomberg, Fidessa, Nyse Technologies and SIX Telekurs.
You can find a copy of the MMT mapping guide here.

Industry participants have developed common standards that will restore post-trade transparency in the European equity markets. The key benefits of the MMT are:

To enable investors to accurately...

We are living in a new world of risk. Globalization, shifting demographics, rapidly accelerating technological change, increased connectivity, economic uncertainty, a growing multiplicity of actors and shifting power structures combine to make operating in this world unprecedentedly complex and challenging for corporations, institutions and states alike.
Uniquely placed to catalyse a response to this new landscape, the World Economic Forum is launching a platform to better understand, prepare...