Risk management in turbulent times /
The Subprime Crisis has shown that the sophisticated risk management models used by banks and insurance companies had serious flaws. Some people even suggest that these models are completely useless. Others claim that the crisis was just an unpredictable accident that was largely amplified by the la...
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| Format: | eBook |
| Language: | English |
| Language Notes: | English. |
| Published: |
New York :
Oxford University Press,
©2011.
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | The Subprime Crisis has shown that the sophisticated risk management models used by banks and insurance companies had serious flaws. Some people even suggest that these models are completely useless. Others claim that the crisis was just an unpredictable accident that was largely amplified by the lack of expertise and even naivety of many investors. This book takes the middle view. It shows that these models have been designed for 'tranquil times', when financial markets behave smoothly and efficiently. |
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| Physical Description: | 1 online resource (ix, 212 pages) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9780199774210 0199774218 0199339929 9780199339921 0190258470 9780190258474 9786613348876 6613348872 |