Jin Cao is an Advisor at the Research Department of the Financial Stability Wing of Norges Bank, Oslo, Norway.

• Part 1: IntroductionPart 2: Externilities, Network Effects, and Systemic Risks 1. Unstable Banking 2. Financial Network, Interconnectedness, and Contagion 3. Endogenous Exposure to Systemic Liquidity Risks 4. Financial Complexity and Systemic Risk 5. Leverage and Leverage Cycle 6. Micro Fragility and Macro Stability Part 3: Topics in Macroprodential Regulation 7. From Microprudential to Macroprudential Regulation 8. Liquidity Regulation and the Lender of Last Resort Policy 9. Capital Requirements and Equity Buffer

Jin Cao is an Advisor at the Research Department of the Financial Stability Wing of Norges Bank, Oslo, Norway.

• Part 1: IntroductionPart 2: Externilities, Network Effects, and Systemic Risks 1. Unstable Banking 2. Financial Network, Interconnectedness, and Contagion 3. Endogenous Exposure to Systemic Liquidity Risks 4. Financial Complexity and Systemic Risk 5. Leverage and Leverage Cycle 6. Micro Fragility and Macro Stability Part 3: Topics in Macroprodential Regulation 7. From Microprudential to Macroprudential Regulation 8. Liquidity Regulation and the Lender of Last Resort Policy 9. Capital Requirements and Equity Buffer

Jin Cao is an Advisor at the Research Department of the Financial Stability Wing of Norges Bank, Oslo, Norway.

• Part 1: IntroductionPart 2: Externilities, Network Effects, and Systemic Risks 1. Unstable Banking 2. Financial Network, Interconnectedness, and Contagion 3. Endogenous Exposure to Systemic Liquidity Risks 4. Financial Complexity and Systemic Risk 5. Leverage and Leverage Cycle 6. Micro Fragility and Macro Stability Part 3: Topics in Macroprodential Regulation 7. From Microprudential to Macroprudential Regulation 8. Liquidity Regulation and the Lender of Last Resort Policy 9. Capital Requirements and Equity Buffer