{ "item_title" : "Financial Instability and Systemic Risk", "item_author" : [" Jagoda Kaszowska-Mojsa "], "item_description" : "The Global Financial Crisis revealed that systemic fragility arises not only from identifiable risksbut also from systemic uncertainty - the endogenous and often unpredictable dynamics thatbuild 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 haveunderscored the vulnerability of interconnected economies and societies.This book illustrates how agent-based modelling (ABM) can enrich the study of crises, systemicrisk 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 emergeendogenously within economies that are understood as complex, evolving systems. Throughclear explanations and targeted applications, it not only demonstrates how ABM can capturethe effects of macroprudential regulation on the real economy and inequality and shed light onmoments of financial instability but also provides a practical guide to building such data-drivenmodels in the first place. At the same time, it situates these insights within a broader discussionof contagion, procyclicality and global financial regulation, thus connecting the modellingresults with ongoing debates on how best to safeguard financial stability. Further, it offers a valuablesynthesis of lessons learned from advanced economies, illustrating how institutional designand macroprudential policy can strengthen financial resilience while also generating significantredistributive effects across sectors and households.The book is primarily aimed at an academic audience of scholars and advanced students ineconomics, finance and computational social science. It will also appeal to professionals in centralbanks, regulators and policymakers engaged in designing and evaluating macroprudentialframeworks.Jagoda Kaszowska-Mojsa is a researcher and lecturer and holds positions at the Institute ofEconomics, Polish Academy of Sciences, the University of Oxford, the National Bank of Polandand Cracow University of Economics, Poland.", "item_img_path" : "https://covers4.booksamillion.com/covers/bam/1/04/126/027/104126027X_b.jpg", "price_data" : { "retail_price" : "190.00", "online_price" : "190.00", "our_price" : "190.00", "club_price" : "190.00", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }

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