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Calvin, a ten-month old baby (acted by an adult), can still
remember his previous life when he was happily married to Laura,
despite the constant attentions of his womanising friend, Bob.
Calvin will lose his blissful memories when he reaches his first
birthday - or speaks - so he determines nothing will make him
talk!3 women, 2 men
Using a range of calculative devices, (Mis)managing Macroprudential
Expectations explores the methods used by central banks to predict
and govern the tail risks that could impact financial stability.
Through an in-depth case study, the book utilises
empirically-informed theoretical analysis to capture these
low-probability and high-impact events, and offers a novel
conceptualisation of the role of risk modelling within the
macroprudential policy agenda. The book asserts that central
banks’ efforts to capture tail risks go beyond macroprudential
policy objectives of identifying and monitoring systemic risks to
financial stability. It illustrates how the calculation of tail
risk contributes to managing the expectations that regulated
institutions have around the Bank of England’s macroprudential
approach, its willingness to support struggling institutions, and
its use of novel macroprudential policy tools. Situating tail risk
within the broader realm of climate finance, chapters contend that
the identification of future climate tail risks simultaneously
reveals opportunities for private profit and non-bank lending
within the financial system, in ways that are potentially
destabilizing. The book concludes by highlighting the social and
political limitations of central banks’ new macroprudential
approach. Transdisciplinary in approach, this book will be
invaluable to students and scholars interested in the intersections
between climate studies, political science and public policy,
environmental economics, banking and finance, and political
economy. Its practical applications will also be a useful resource
to climate and finance policymakers working in central banking.
Tim Burton's Academy Award-nominated black and white stop-motion
homage to Mary Shelley's 'Frankenstein' is a remake of his 1984
short of the same name.
The story follows a young boy called Victor
(voiced by Charlie Tahan), who harnesses the powers of science to
bring his beloved pet dog, Sparky, back to life - with unexpected
and alarming consequences.
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