The Risks of Financial Institutions (Hardcover) (ISBN-13: 9780226092850)

Until about twenty years ago, the consensus view on the cause of financial-system distress was fairly simple: a run on one bank could easily turn to a panic involving runs on all banks, destroying some and disrupting the financial system. Since then, however, a series of events--such as emerging-market debt crises, bond-market meltdowns, and the Long-Term Capital Management episode--has forced a rethinking of the risks facing financial institutions and the tools available to measure and manage these risks.

The Risks of Financial Institutions examines the various risks affecting financial institutions and explores a variety of methods to help institutions and regulators more accurately measure and forecast risk. The contributors--from academic institutions, regulatory organizations, and banking--bring a wide range of perspectives and experience to the issue. The result is a volume that points a way forward to greater financial stability and better risk management of financial institutions.

Author: Mark Carey
ISBN-10: 0226092852
ISBN-13: 9780226092850
Publisher: University of Chicago Press
Language: English
Published: 02/01/2007
Pages: 520
Format: Hardcover
Weight: 2.26lbs
Size: 9.12h x 6.37w x 1.64d