Traditional measures of leverage in the financial system tend to reflect bank balance sheet data. The paper argues that these traditional, bank-centric measures should be augmented by considering pledged collateral in the financial system since pledged collateral provides a measure of an important part of nonbank funding to banks. From a policy perspective, the paper suggests that a broader view on leverage will enhance our understanding of global systemic risk, and complement the theoretical work in this field by providing a link from micro-level leverage data to macro aggregates such as credit to the economy.

This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

This global handbook provides an up-to-date and comprehensive overview of shadow banking, or market-based finance as it has been recently coined. Engaging in financial intermediary services outside of normal regulatory parameters, the shadow banking sector was arguably a critical factor in causing the 2007-2009 financial crisis. This second volume explores three particular domains of shadow banking. The first domain deals with the macro-economic fundamentals of the respective shadow banking segments: Why do they exist, what problems do they solve and why are some of their embedded risks so persistent? The second domain captures the global dimensions of shadow banking markets, reviewing the particularities and specifics of various shadow banking systems around the world. Volume II concludes with an extensive overview of how the sector has changed since the financial crisis, focusing on regulatory arbitrage, contract imperfection and governance. Closing on unresolved issues and open-ended questions that will no doubt remain prominent in the shadow banking sector for years to come, this handbook is a must-read for professionals and policy-makers within the banking sector, as well as those researching economics and finance.

The unique contribution of Cracking the Code is its spotlight on how the knowledge of consumer psychology principles can be used to improve managerial decision making and organizational performance. Research on consumer behavior typically has a narrow focus and does not offer reliable and practical direction for marketers. Taken collectively, however, the conclusions of research streams can provide valuable information from which managers can base their decisions. The contributing authors of Cracking the Code offer a set of rules for managerial action that has been distilled from reviews of research areas in which they are experts. The book contains systematic, prescriptive advice based on state-of-the-art knowledge from multiple research lines regarding how consumers think and choose. The chapters cover fundamental topics such as new product management, marketing mix strategy, marketing communications and advertising, social media, and experiential marketing.

Suicide is a leading cause of death globally and the second biggest cause of death in young people. Over 800,000 people commit suicide annually. While many approaches to suicide prevention have been proposed, the only ones to show even limited success are those at the grassroots level; involving everyone, from parents to teachers, health care providers and the community as a whole. This book explores both current and outdated perceptions of suicide and presents a number of novel approaches and tools to prevent suicide.

Geological storage and sequestration of carbon dioxide, in saline aquifers, depleted oil and gas fields or unminable coal seams, represents one of the most important processes for reducing humankind's emissions of greenhouse gases. Geological storage of carbon dioxide (CO2) reviews the techniques and wider implications of carbon dioxide capture and storage (CCS).Part one provides an overview of the fundamentals of the geological storage of CO2. Chapters discuss anthropogenic climate change and the role of CCS, the modelling of storage capacity, injectivity, migration and trapping of CO2, the monitoring of geological storage of CO2, and the role of pressure in CCS. Chapters in part two move on to explore the environmental, social and regulatory aspects of CCS including CO2 leakage from geological storage facilities, risk assessment of CO2 storage complexes and public engagement in projects, and the legal framework for CCS. Finally, part three focuses on a variety of different projects and includes case studies of offshore CO2 storage at Sleipner natural gas field beneath the North Sea, the CO2CRC Otway Project in Australia, on-shore CO2 storage at the Ketzin pilot site in Germany, and the K12-B CO2 injection project in the Netherlands.Geological storage of carbon dioxide (CO2) is a comprehensive resource for geoscientists and geotechnical engineers and academics and researches interested in the field. - Reviews the techniques and wider implications of carbon dioxide capture and storage (CCS) - An overview of the fundamentals of the geological storage of CO2 discussing the modelling of storage capacity, injectivity, migration and trapping of CO2 among other subjects - Explores the environmental, social and regulatory aspects of CCS including CO2 leakage from geological storage facilities, risk assessment of CO2 storage complexes and the legal framework for CCS