Tactical Risk Analysis in Emerging Markets in the Wake of the Credit Crunch and Ensuing Sub-prime Financial Crisis
Mazin A.M. Al Janabi, Department of Economics and Finance, College of Business and Economics, United Arab Emirates University, Al-Ain, United Arab Emirates, E-mail: email@example.com, firstname.lastname@example.org
The purpose of this chapter is to fill a gap in contemporary risk management literature and especially from the perspective of emerging markets in light of the aftermaths of the most recent sub-prime global financial crisis. This chapter develops a rigorous approach for the assessment of risk exposure under extreme conditions. This approach is based on the renowned concept of Liquidity-Adjusted Value-at-Risk ...