Managing And Measuring Of Risk: Emerging Global Standards And Regulations After The Financial Crisis, 1st Edition

  • Published By: World Scientific Publishing Company
  • ISBN-10: 9814417505
  • ISBN-13: 9789814417501
  • DDC: 658.155
  • Grade Level Range: College Freshman - College Senior
  • 520 Pages | eBook
  • Original Copyright 2013 | Published/Released December 2014
  • This publication's content originally published in print form: 2013

  • Price:  Sign in for price



This edited volume presents the most recent achievements in risk measurement and management, as well as regulation of the financial industry, with contributions from prominent scholars and practitioners such as Robert Engle, 2003 Nobel Laureate in Economics, Viral Acharya, Torben Andersen, Zvi Bodie, Menachem Brenner, Aswath Damodaran, Marti Subrahmanyam, William Ziemba and others. The book provides a comprehensive overview of recent emerging standards in risk management from an interdisciplinary perspective. Individual chapters expound on the theme of standards setting in this era of financial crises where new and unseen global risks have emerged. They are organized in a such a way that allows the reader a broad perspective of the new emerging standards in macro, systemic and sovereign risk before zooming into the micro perspective of how risk is conceived and treated within a corporation. A section is dedicated to credit risk and to the increased importance of liquidity both in financial systems and at the firms level.

Table of Contents

Front Cover.
Half Title Page.
Other Front Matter.
Title Page.
Copyright Page.
About the Editors.
1: The Evolution of Risk Management.
2: An Evolutionary Perspective on the Concept of Risk, Uncertainty and Risk Management.
3: Sovereign and Systemic Risk.
4: Toward a Bottom-Up Approach to Assessing Sovereign Default Risk: An Update.
5: Measuring Systemic Risk.
6: Taxing Systemic Risk.
7: Liquidity.
8: Liquidity and Efficiency in Three Related Foreign Exchange Options Markets.
9: Illiquidity or Credit Deterioration: A Study of Liquidity in the US Corporate Bond Market during Financial Crises.
10: Risk Management Principles and Strategies.
11: Integrated Wealth and Risk Management: First Principles.
12: Analyzing the Impact of Effective Risk Management: Innovation and Capital Structure Effects.
13: Credit Risk.
14: Modeling Credit Risk for SMEs: Evidence from the US Market.
15: SME Rating: Risk Globally, Measure Locally.
16: Credit Loss and Systematic LGD.
17: Equity Risk and Market Crashes.
18: Equity Risk Premiums (ERP): Determinants, Estimation and Implications — The 2012 Edition.
19: Stock Market Crashes in 2007–2009: Were We Able to Predict Them?.
About the Risk, Banking and Finance Society.
About the International Risk Management Conference.