Systemic liquidity risk and bipolar markets : wealth management in todays macro risk on/risk off financial environment /
The dramatic and well chronicled crisis of 2007/8 marked a watershed moment for all stakeholders in global capital markets. In the aftermath, financial markets have become even more tightly coupled as correlations in returns across multiple asset classes have been at historically elevated levels. In...
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| Format: | eBook |
| Language: | English |
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Hoboken :
Wiley,
2013.
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | The dramatic and well chronicled crisis of 2007/8 marked a watershed moment for all stakeholders in global capital markets. In the aftermath, financial markets have become even more tightly coupled as correlations in returns across multiple asset classes have been at historically elevated levels. Investors and fund managers are, to a much larger degree than previously and often much more than they realize, subject to the risk of severe wealth destruction. The ultimate hazard, which is not adequately characterized by the widely touted notion of tail risk, is the systemic risk which arises wh. |
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| Physical Description: | 1 online resource |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781118410752 1118410750 9781118410769 1118410769 9781118410806 1118410807 9781283869416 1283869411 |