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A Flow-of-Funds Perspective on the Financial Crisis

Volume II: Macroeconomic Imbalances and Risks to Financial Stability

  • Bernhard Winkler
  • Ad van Riet
  • Peter Bull
Book

Part of the Palgrave Studies in Economics and Banking book series (PMSEB)

Table of contents

  1. Front Matter
    Pages i-xx
    PDF

  2. 1 Introduction and Overview

    1. Introduction and Overview
      Bernhard Winkler, Ad van Riet, Peter Bull
      Pages 1-8

  3. Flow of Funds and Macrofinancial Analysis

    1. Front Matter
      Pages 9-9
      PDF
    2. Tobin LIVES: Integrating Evolving Credit Market Architecture into Flow-of-Funds Based Macro-Models
      John Duca, John Muellbauer
      Pages 11-39
    3. Growing Fragilities? Balance Sheets in The Great Moderation
      Richard Barwell, Oliver Burrows
      Pages 40-109
    4. Japan’s Flow-of-Funds Accounts: Main Characteristics and Measures for Enhancement
      Shuji Kobayakawa, Ryoichi Okuma
      Pages 110-127
    5. Conceptual Framework of Financial Accounts: The Case of Slovenia
      Janez Fabijan
      Pages 128-151

  4. Flow of Funds and Macroeconomic Imbalances in Europe

    1. Front Matter
      Pages 153-153
      PDF
    2. The Financial Crisis in the Light of the Euro Area Accounts: Selected Issues
      Philippe de Rougemont, Bernhard Winkler
      Pages 155-198
    3. The Surveillance of Macroeconomic Imbalances in the EU: The Sectoral Perspective
      Carlos Cuerpo, Alexandr Hobza
      Pages 199-229
    4. Debt, Assets and Imbalances in the Euro Area: An Aggregate View
      Christophe Van Nieuwenhuyze
      Pages 230-259

  5. Flow of Funds and Financial Stability

    1. Front Matter
      Pages 261-261
      PDF
    2. Towards a Systemic Risk Indicator Based on Contingent Claim Analysis
      Nuno Silva, Nuno Ribeiro, António Antunes
      Pages 263-285
    3. The Role of Financial Accounts Data in Financial Stability Analysis: The Case of Lithuania
      Virgilijus Rutkauskas
      Pages 286-304
    4. Analysis of the Sectoral Financial Interlinkages of the Financial Sector in Austria against the Background of the Recent Financial Crisis
      Michael Andreasch
      Pages 305-326
  6. Back Matter
    Pages 327-336
    PDF

About this book

Introduction

Based on the crisis experience, the book offers an overview of lessons for macrofinancial analysis and financial stability. It illustrates the interlinkages between the financial side and the real side of the economy and highlights the role of balance sheet variables and sectoral balance sheet positions in the evolution of the financial crisis.

Keywords

economy Euro Euro area financial crisis macroeconomics stability Surveillance

Editors and affiliations

  • Bernhard Winkler
    • 1
  • Ad van Riet
    • 1
  • Peter Bull
    • 1
  1. 1.European Central BankFrankfurt am MainGermany

Bibliographic information

Industry Sectors
Finance, Business & Banking