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Risk: The New Management Imperative in Finance
book

Risk: The New Management Imperative in Finance

by James T. Gleason
April 2000
Beginner
304 pages
6h 58m
English
Bloomberg Press
Content preview from Risk: The New Management Imperative in Finance

Risk Management: The Vision and the Reality 14

There have been tremendous changes in financial markets these past twenty years. The fabric of market risk is much more precisely measured and priced. This precision harmonized with the evolution of derivative products. Together they facilitated the parsing and repackaging of market risks into securities that more closely match investor/end-user appetites. Derivatives have greatly facilitated hedging, forced greater market efficiency through arbitrage, and probably enhanced market liquidity. We have seen technology rapidly force greater standardization and efficiency into all the markets. The sophisticated models that were developed to cover market risk are being adapted to measure credit risk in ...

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Publisher Resources

ISBN: 9781576600740Purchase book