메뉴 건너뛰기




Volumn 1, Issue 1, 2010, Pages 4-15

Global Governance and Systemic Risk in the 21st Century: Lessons from the Financial Crisis

Author keywords

[No Author keywords available]

Indexed keywords


EID: 79957555089     PISSN: 17585880     EISSN: 17585899     Source Type: Journal    
DOI: 10.1111/j.1758-5899.2009.00011.x     Document Type: Article
Times cited : (81)

References (85)
  • 2
    • 67349271076 scopus 로고    scopus 로고
    • A Theory of Systemic Risk and Design of Prudential Bank Regulation
    • Acharya, V. V. (2009) 'A Theory of Systemic Risk and Design of Prudential Bank Regulation', Journal of Financial Stability, 5, pp. 224-255.
    • (2009) Journal of Financial Stability , vol.5 , pp. 224-255
    • Acharya, V.V.1
  • 3
    • 0034721164 scopus 로고    scopus 로고
    • Error and Attack Tolerance of Complex Networks
    • Albert, R., Jeong, H. and Barabási, A.-L. (2000) 'Error and Attack Tolerance of Complex Networks', Nature, 406, pp. 378-382.
    • (2000) Nature , vol.406 , pp. 378-382
    • Albert, R.1    Jeong, H.2    Barabási, A.-L.3
  • 7
    • 79551496107 scopus 로고    scopus 로고
    • Government as Risk Manager
    • D. A. Moss and J. A. Cisternino (eds), Cambridge, MA: The Tobin Project
    • Baker, T. and Moss, A. (2009) 'Government as Risk Manager', in D. A. Moss and J. A. Cisternino (eds), New Perspectives on Regulation. Cambridge, MA: The Tobin Project, pp. 87-109.
    • (2009) New Perspectives on Regulation , pp. 87-109
    • Baker, T.1    Moss, A.2
  • 8
    • 0038483826 scopus 로고    scopus 로고
    • 'Emergence of scaling in Random Networks'
    • Barabási, A.-L. and Albert, R. (1999) 'Emergence of scaling in Random Networks', Science, 286, pp. 509-512.
    • (1999) Science , vol.286 , pp. 509-512
    • Barabási, A.-L.1    Albert, R.2
  • 9
    • 84878079539 scopus 로고    scopus 로고
    • Liaisons Dangereuses: Increasing Connectivity, Risk Sharing, and Systemic Risk' [online]. Available from: [Accessed 26 September 2009].
    • Battiston, S., Delli Gatti, D., Gallegatti, M, Greenwald, B. and Stiglitz, J. E. (2009) 'Liaisons Dangereuses: Increasing Connectivity, Risk Sharing, and Systemic Risk' [online]. Available from: http://www3.unicatt.it/unicattolica/CentriRicerca/CSCC/allegati/delligatti.pdf [Accessed 26 September 2009].
    • (2009)
    • Battiston, S.1    Delli Gatti, D.2    Gallegatti, M.3    Greenwald, B.4    Stiglitz, J.E.5
  • 11
    • 56549112943 scopus 로고    scopus 로고
    • Turmoil Reveals the Inadequacy of Basel II
    • 27 February
    • Benink, H. and Kaufman, G. (2008) 'Turmoil Reveals the Inadequacy of Basel II', Financial Times, 27 February, p. 13.
    • (2008) Financial Times , pp. 13
    • Benink, H.1    Kaufman, G.2
  • 12
    • 84878096356 scopus 로고    scopus 로고
    • Berkshire Hathaway 'Annual Report to Shareholders' [online]. Available from: [Accessed 26 September 2009].
    • Berkshire Hathaway (2002) 'Annual Report to Shareholders' [online]. Available from: http://www.berkshirehathaway.com/2002ar/2002ar.pdf [Accessed 26 September 2009].
    • (2002)
  • 13
    • 84878053226 scopus 로고    scopus 로고
    • The Global Saving Glut and the US Current Account Deficit'. Speech at the Sandridge Lecture, Virginia Association of Economics, Richmond VA, 10 March.
    • Bernanke, B. (2005) 'The Global Saving Glut and the US Current Account Deficit'. Speech at the Sandridge Lecture, Virginia Association of Economics, Richmond VA, 10 March.
    • (2005)
    • Bernanke, B.1
  • 14
    • 79957747445 scopus 로고    scopus 로고
    • The Current Financial Crisis: Its Origins, Its Impact, and the Needed Policy Response
    • Boorman, J. (2009) 'The Current Financial Crisis: Its Origins, Its Impact, and the Needed Policy Response', Global Journal of Emerging Market Economics, 1 (2), pp. 127-135.
    • (2009) Global Journal of Emerging Market Economics , vol.1 , Issue.2 , pp. 127-135
    • Boorman, J.1
  • 17
    • 68949092571 scopus 로고    scopus 로고
    • The Financial Crisis and the Systemic Failure of the Economics Profession
    • Colander, D., Goldberg, M., Haas, A., Juselius, K., Kirman, A., Lux, T. and Sloth, B. (2009) 'The Financial Crisis and the Systemic Failure of the Economics Profession', Critical Review, 21 (2-3), pp. 249-267.
    • (2009) Critical Review , vol.21 , Issue.2-3 , pp. 249-267
    • Colander, D.1    Goldberg, M.2    Haas, A.3    Juselius, K.4    Kirman, A.5    Lux, T.6    Sloth, B.7
  • 18
    • 67650351887 scopus 로고    scopus 로고
    • Structural Causes of the Global Financial Crisis: A Critical Assessment of the "New Financial Architecture"
    • Crotty, J. (2009) 'Structural Causes of the Global Financial Crisis: A Critical Assessment of the "New Financial Architecture"', Cambridge Journal of Economics, 33, pp. 563-580.
    • (2009) Cambridge Journal of Economics , vol.33 , pp. 563-580
    • Crotty, J.1
  • 20
    • 71049152841 scopus 로고    scopus 로고
    • 'Global Governance in the Context of, Climate Change: The Challenges of increasingly Complex Risk Parameters
    • Deere-Birkbeck, C. (2009) 'Global Governance in the Context of, Climate Change: The Challenges of increasingly Complex Risk Parameters, International Affairs, 85(6), pp. 1173-1194.
    • (2009) International Affairs , vol.85 , Issue.6 , pp. 1173-1194
    • Deere-Birkbeck, C.1
  • 22
    • 33645132326 scopus 로고    scopus 로고
    • Corporate Social Responsibility, Public Policy, and NGO Activism in Europe and the United States: An Institutional-Stakeholder Perspective
    • Doh, J. and Guay, T. (2006) 'Corporate Social Responsibility, Public Policy, and NGO Activism in Europe and the United States: An Institutional-Stakeholder Perspective', Journal of Management Studies, 43 (1), pp. 47-73.
    • (2006) Journal of Management Studies , vol.43 , Issue.1 , pp. 47-73
    • Doh, J.1    Guay, T.2
  • 25
    • 69449108223 scopus 로고    scopus 로고
    • Regulatory Factors that Contributed to the Global Financial Crisis
    • Espenilla, J. R. Jr (2009) 'Regulatory Factors that Contributed to the Global Financial Crisis', Asia-Pacific Social Science Review, 9 (1), pp. 35-40.
    • (2009) Asia-Pacific Social Science Review , vol.9 , Issue.1 , pp. 35-40
    • Espenilla Jr, J.R.1
  • 26
    • 67650610010 scopus 로고    scopus 로고
    • A Very Geographical Crisis: The Making and Breaking of the 2007-2008 Financial Crisis
    • French, S., Leyshon, A. and Thrift, N. (2009) 'A Very Geographical Crisis: The Making and Breaking of the 2007-2008 Financial Crisis', Cambridge Journal of Regions, Economy and Society, 2 (2), pp. 287-302.
    • (2009) Cambridge Journal of Regions, Economy and Society , vol.2 , Issue.2 , pp. 287-302
    • French, S.1    Leyshon, A.2    Thrift, N.3
  • 27
    • 85015680735 scopus 로고    scopus 로고
    • Systemic Risk in Modern Financial Systems: Analytics and Policy Design
    • Gai, P., Jenkinson, N. and Kapadia, S. (2007) 'Systemic Risk in Modern Financial Systems: Analytics and Policy Design', The Journal of Risk Finance, 8 (2), pp. 156-165.
    • (2007) The Journal of Risk Finance , vol.8 , Issue.2 , pp. 156-165
    • Gai, P.1    Jenkinson, N.2    Kapadia, S.3
  • 29
    • 0032827993 scopus 로고    scopus 로고
    • State Power beyond the "Territorial Trap": The Internationalization of the State
    • Glassman, J. (1999) 'State Power beyond the "Territorial Trap": The Internationalization of the State', Political Geography, 18, pp. 669-696.
    • (1999) Political Geography , vol.18 , pp. 669-696
    • Glassman, J.1
  • 31
    • 84878050072 scopus 로고    scopus 로고
    • Reforming Global Governance: How to Make the IMF More Independent [online]. Available from: [Accessed 26 September 2009].
    • Gros, D., Klüh, U. and Weder di Mauro, B. (2009) 'Reforming Global Governance: How to Make the IMF More Independent [online]. Available from: http://www.macro.vwl.uni-mainz.de/ls/ger/Dateien/IMF__Proposal_180309.pdf [Accessed 26 September 2009].
    • (2009)
    • Gros, D.1    Klüh, U.2    Weder di Mauro, B.3
  • 32
    • 84878076433 scopus 로고    scopus 로고
    • Rethinking the Financial Network'. Speech delivered at the Financial Student Association, Amsterdam, April.
    • Haldane, A. G. (2009a) 'Rethinking the Financial Network'. Speech delivered at the Financial Student Association, Amsterdam, April.
    • (2009)
    • Haldane, A.G.1
  • 33
    • 84878066095 scopus 로고    scopus 로고
    • Why Banks Failed the Stress Test' [online]. Available from: [Accessed 26 September 2009].
    • Haldane, A. G. (2009b) 'Why Banks Failed the Stress Test' [online]. Available from: http://www.bankofengland.co.uk/publications/speeches/2009/speech374.pdf [Accessed 26 September 2009].
    • (2009)
    • Haldane, A.G.1
  • 34
    • 0014413249 scopus 로고
    • The Tragedy of the Commons
    • Hardin, G. (1968) 'The Tragedy of the Commons', Science, 162(3859), pp. 1243-1248.
    • (1968) Science , vol.162 , pp. 1243-1248
    • Hardin, G.1
  • 38
    • 0009186505 scopus 로고    scopus 로고
    • Hampshire: Gower Publishing Ltd.
    • Hutchins, D. (1999) Just in Time. Hampshire: Gower Publishing Ltd.
    • (1999) Just in Time
    • Hutchins, D.1
  • 39
    • 24944515890 scopus 로고    scopus 로고
    • The New Geopolitics of Disease: Between Global Health and Global Security
    • Ingram, A. (2005) 'The New Geopolitics of Disease: Between Global Health and Global Security', Geopolitics, 10, pp. 522-545.
    • (2005) Geopolitics , vol.10 , pp. 522-545
    • Ingram, A.1
  • 41
    • 84878085842 scopus 로고    scopus 로고
    • The Quiet Coup [online]. Available from: [Accessed 26 September 2009].
    • Johnson, S. (2009) 'The Quiet Coup [online]. Available from: http://www.theatlantic.com/doc/200905/imf-advice [Accessed 26 September 2009].
    • (2009)
    • Johnson, S.1
  • 42
    • 0038333531 scopus 로고    scopus 로고
    • What is Systemic Risk, and Do Bank Regulators Retard or Contribute to it?
    • Kaufman, G. G. and Scott, K. E. (2003) 'What is Systemic Risk, and Do Bank Regulators Retard or Contribute to it?', The Independent Review, 7 (3), pp. 371-391.
    • (2003) The Independent Review , vol.7 , Issue.3 , pp. 371-391
    • Kaufman, G.G.1    Scott, K.E.2
  • 46
    • 84878104663 scopus 로고    scopus 로고
    • Why Basel II Failed and Why Basel III is Doomed', Oxford University Global Economic Governance Programme, Working Paper, 12 October.
    • Lall, R. (2009) 'Why Basel II Failed and Why Basel III is Doomed', Oxford University Global Economic Governance Programme, Working Paper, 12 October.
    • (2009)
    • Lall, R.1
  • 48
    • 84878023927 scopus 로고    scopus 로고
    • New Recipe Thickens Alphabet Soup
    • 12 June
    • Luce, E. (2009) 'New Recipe Thickens Alphabet Soup', Financial Times, 12 June, p. 6.
    • (2009) Financial Times , pp. 6
    • Luce, E.1
  • 53
    • 39749111958 scopus 로고    scopus 로고
    • Ecology for Bankers
    • May, R.M., Simon, A. and Sugihara, G. (2008) 'Ecology for Bankers', Nature, 451 (21), pp. 893-895.
    • (2008) Nature , vol.451 , Issue.21 , pp. 893-895
    • May, R.M.1    Simon, A.2    Sugihara, G.3
  • 57
    • 57749128209 scopus 로고    scopus 로고
    • The Perils of Cognitive Enhancement and the Urgent Imperative to Enhance the Moral Character of Humanity
    • Persson, I. and Savulescu, J. (2008) 'The Perils of Cognitive Enhancement and the Urgent Imperative to Enhance the Moral Character of Humanity', Journal of Applied Philosophy, 25 (3), pp. 162-177.
    • (2008) Journal of Applied Philosophy , vol.25 , Issue.3 , pp. 162-177
    • Persson, I.1    Savulescu, J.2
  • 58
    • 84878032388 scopus 로고    scopus 로고
    • Pittsburgh Summit Leaders' Statement [online]. Available from: x [Accessed 29 September 2009].
    • Pittsburgh Summit (2009) Leaders' Statement [online]. Available from: http://www.pittsburghsummit.gov/mediacenter/129639.htm [Accessed 29 September 2009].
    • (2009)
  • 60
    • 44949159732 scopus 로고    scopus 로고
    • Is the 2007 US Sub-prime Financial Crisis So Different? An International Historical Comparison
    • Reinhart, C. M. and Rogoff, K. S. (2008) 'Is the 2007 US Sub-prime Financial Crisis So Different? An International Historical Comparison', American Economic Review, 98 (2), pp. 339-344.
    • (2008) American Economic Review , vol.98 , Issue.2 , pp. 339-344
    • Reinhart, C.M.1    Rogoff, K.S.2
  • 66
    • 0004179594 scopus 로고    scopus 로고
    • Princeton, NJ: Princeton University Press.
    • Shiller, R. J. (2005) Irrational Exuberance. Princeton, NJ: Princeton University Press.
    • (2005) Irrational Exuberance
    • Shiller, R.J.1
  • 67
    • 84878087944 scopus 로고    scopus 로고
    • In Defence of Financial Innovation
    • 28 September
    • Shiller, R. J. (2009) 'In Defence of Financial Innovation', Financial Times, 28 September, p. 13.
    • (2009) Financial Times , pp. 13
    • Shiller, R.J.1
  • 68
    • 44349194263 scopus 로고    scopus 로고
    • Risk and Liquidity in a System Context
    • Shin, H. (2008) 'Risk and Liquidity in a System Context', Journal of Financial Intermediation, 17, pp. 315-329.
    • (2008) Journal of Financial Intermediation , vol.17 , pp. 315-329
    • Shin, H.1
  • 70
    • 2542629197 scopus 로고    scopus 로고
    • Princeton, NJ: Princeton University Press.
    • Slaughter, A. (2004) A New World Order. Princeton, NJ: Princeton University Press.
    • (2004) A New World Order
    • Slaughter, A.1
  • 74
    • 77953311044 scopus 로고    scopus 로고
    • The Future of Global Governance
    • N. Serra and J. E. Stiglitz (eds), Oxford: Oxford University Press
    • Stiglitz, J.E. (2008) 'The Future of Global Governance', in N. Serra and J. E. Stiglitz (eds), The Washington Consensus Reconsidered: Towards a New Global Governance. Oxford: Oxford University Press, pp. 309-323.
    • (2008) The Washington Consensus Reconsidered: Towards a New Global Governance , pp. 309-323
    • Stiglitz, J.E.1
  • 75
    • 33846109529 scopus 로고    scopus 로고
    • Has the Business Cycle Changed and Why?
    • Stock, J. H. and Watson, M. W. (2002) 'Has the Business Cycle Changed and Why?', NBER/Macroeconomics Annual, 17 (1), pp. 159-218.
    • (2002) NBER/Macroeconomics Annual , vol.17 , Issue.1 , pp. 159-218
    • Stock, J.H.1    Watson, M.W.2
  • 76
    • 84878078195 scopus 로고    scopus 로고
    • Financial Contagion in the Core-Periphery Network' [online]. Available from: [Accessed 26 September 2009].
    • Sui, P. (2009) 'Financial Contagion in the Core-Periphery Network' [online]. Available from: http://www2.warwick.ac.uk/fac/soc/economics/news/forums/economic_theory_index/financial_contagion_in_core-periphery_network.pdf [Accessed 26 September 2009].
    • (2009)
    • Sui, P.1
  • 78
    • 0037197979 scopus 로고    scopus 로고
    • A Simple Model of Global Cascades on Random Networks
    • Watts, D. J. (2002) 'A Simple Model of Global Cascades on Random Networks', Proceedings of the National Academy of Sciences, 99 (9), pp. 5766-5771.
    • (2002) Proceedings of the National Academy of Sciences , vol.99 , Issue.9 , pp. 5766-5771
    • Watts, D.J.1
  • 79
    • 0032482432 scopus 로고    scopus 로고
    • Collective Dynamics of "Small-World" Networks
    • Watts, D. J. and Strogatz, S. H. (1998) 'Collective Dynamics of "Small-World" Networks', Nature, 393 (6684), pp. 409-410.
    • (1998) Nature , vol.393 , pp. 409-410
    • Watts, D.J.1    Strogatz, S.H.2
  • 80
    • 84878026062 scopus 로고    scopus 로고
    • Are Changes in Financial Structure Extending Safety Nets?', BIS, Working Paper No. 145.
    • White, W.R. (2004) 'Are Changes in Financial Structure Extending Safety Nets?', BIS, Working Paper No. 145.
    • (2004)
    • White, W.R.1
  • 81
    • 84878081400 scopus 로고    scopus 로고
    • Why Agreeing a New Bretton Woods is Vital and so Hard
    • 5 November
    • Wolf, M. (2008) 'Why Agreeing a New Bretton Woods is Vital and so Hard', Financial Times, 5 November, p. 13.
    • (2008) Financial Times , pp. 13
    • Wolf, M.1
  • 82
    • 84878082789 scopus 로고    scopus 로고
    • Do Not Learn the Wrong Lessons from Lehman's Fall
    • 15 September
    • Wolf, M. (2009a) 'Do Not Learn the Wrong Lessons from Lehman's Fall', Financial Times, 15 September, p. 17.
    • (2009) Financial Times , pp. 17
    • Wolf, M.1
  • 83
    • 67650427099 scopus 로고    scopus 로고
    • Seeds of Its Own Destruction
    • 9 March
    • Wolf, M. (2009b) 'Seeds of Its Own Destruction', Financial Times, 9 March, p. 13.
    • (2009) Financial Times , pp. 13
    • Wolf, M.1
  • 84
    • 0035657830 scopus 로고    scopus 로고
    • Governance and the Limits of Accountability: The WTO, the IMF, and the World Bank
    • Woods, N. and Narlikar, A. (2001) 'Governance and the Limits of Accountability: The WTO, the IMF, and the World Bank', International Social Science Journal, 53 (170), pp. 569-583.
    • (2001) International Social Science Journal , vol.53 , Issue.170 , pp. 569-583
    • Woods, N.1    Narlikar, A.2
  • 85
    • 0032450038 scopus 로고    scopus 로고
    • Capital, State and Space: Contesting the Borderless World
    • Yeung, H. W. C. (1998) 'Capital, State and Space: Contesting the Borderless World', Transactions of the Institute of British Geographers, 23 (3), pp. 291-309.
    • (1998) Transactions of the Institute of British Geographers , vol.23 , Issue.3 , pp. 291-309
    • Yeung, H.W.C.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.