Macrofinancial Risk Analysis

Foreword
Preface
1 Introduction

PART I OVERVIEW OF FINANCE, MACROECONOMICS, AND RISK CONCEPTS
2. A Brief History of Macroeconomics, and Why the Theory of Asset Pricing and Contingent Claims Should Shape its Future
3 Macroeconomic Models
4 Stochastic Processes, Asset Pricing, and Option Pricing
5 Balance Sheets, Implicit Options, and Contingent Claims Analysis
6 Further Extensions and Applications of Contingent Claims Analysis

PART II THE MACROFINANCE MODELING FRAMEWORK
7 The Macrofinance Modeling Framework: Interlinked Sector Balance Sheets
8 The Macrofinance Modeling Framework: A Closer Look at the Sovereign CCA Balance Sheet
9 The Macrofinance Modeling Framework: Linking Interest Rate Models in Finance and Macroeconomics
10 Macrofinance Modeling Framework: Financial Sector Risk and Stability Analysis
11 Macrofinancial Modeling Framework: Extensions to Different Exchange Rate Regimes

PART III LINKING MACROFINANCIAL AND MACROECONOMIC FRAMEWORKS
12 Sovereign Reserve, Debt, and Wealth Management from a Macrofinancial Risk Perspective
13 Macrofinancial Modeling Framework: Relationship to Accounting Balance Sheets and the Flow of Funds
14 Macrofinancial Risk Framework Linked to Macroeconomic Models

PART IV CRISIS AND DISTRESS IN ECONOMIES
15 Macroeconomic Models vs. Crisis Models: Why Nonlinearity Matters
16 Sensitivity Analysis, Destabilization Mechanisms, and Financial Crises
References 17 The Case of Thailand 1996-1999
18 The Brazil Crisis of 2002-2003

PART V MACROFINANCIAL MODEL APPLICATIONS AND ANALYTICAL ISSUES
19 International Shocks, Risk Transmission, and Crisis Prevention
20 Macro Risk Management: Ways to Mitigate, Control, and Transfer Risk in the Economy
22 Conclusion and New Directions for Macrofinance

Appendix A The Mundell-Fleming Model with Default Risk
Index