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Risk Management in Volatile Financial Markets

Door Franco Bruni e.a.

Categorie
Economie & Management
Boeknummer
#219429
Titel
Risk Management in Volatile Financial Markets
Auteur
Bruni, Franco & Donald E. Fair & Richard O'Brien
Boektype
Gebonden hardcover
Uitgeverij
Kluwer Academic Publishers, Dordrecht / Boston / London
Jaar van uitgave
1996
ISBN10
0792340531
ISBN13
9780792340539
Taal
Engels
Samenvatting
intense competition on banks and other financial institutions, as a period of oligopoly ends: more rather than less innovation is needed to help share undi- versifiable risks, with more attention to correlations between different risks. Charles Goodhart of the London School of Economics (LSE), while ques- tioning the idea that volatility has increased, concludes that structural changes have made regulation more problematic and calls for improved information availability on derivatives transactions. In a thirteen country case study of the bond market turbulence of 1994, Bo- rio and McCauley of the BIS pin the primary causes of the market decline on the market's own dynamics rather than on variations in market participants' apprehensions about economic fundamentals. Colm Kearney of the Unive... (Lees verder)r- sity of Western Sydney, after a six country study of volatility in economic and financial variables, concludes that more international collaboration in man- aging financial volatility (other than in foreign exchange markets) is needed in Europe. Finally, Stokman and Vlaar of the Dutch central bank investigate the empirical evidence for the interaction between volatility and international transactions in real and financial assets for the Netherlands, concluding that such influence depends on the chosen volatility measure. The authors sug- gest that there are no strong arguments for international restrictions to reduce volatility. INSTITUTIONAL ISSUES AND PRACTICES The six papers in Part C focus on what market participants are doing to manage risk.
Pagina's
371
Conditie
Goed
Prijs
€ 22,50

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