Risk Management in Volatile Financial Markets (Financial and Monetary Policy Studies, No. 32)
Franco, Bruni, Donald E. Fair, Richard O'Brien, Bill AllenISBN: 0792340531;
The rapidly changing structure of financial markets is leading to a radical shift in the way in which private sector financial institutions and firms, and public regulators, are coping with risk. Faced with innovation and volatility, the task of risk management is being passed to the private sector. Following assessments of the extent of market volatility and risk in financial markets, this volume presents examples of how private institutions are developing new risk management techniques and case studiesfrom specific markets including securities markets and retail banking. In addition, senior central bankers discuss their changing attitude to risk and regulation and the implications for exchange rate and monetary policies. The papers are written by authors from a large number of countries covering a wide range of country experiences: by players in leading banks and companies; by public officials; and by academics, providing three differing perspectives on the financial markets of the...
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