emergence of a “(world) risk society.” Risks related to terrorism, climate change, and financial crises, for example, will … globalization. Controlling these risks implies managing the world through high-quality regulation, with a particular emphasis on … regulation is to internalize externalities, or in a broader context, to repair market failure. Such repair can only be …

Introduction -- Liquidity Risk: Economic Issues -- Liquidity Risk: Regulatory Issues -- Economic Impacts of the New … Regulation -- Conclusions …The recent turmoil on financial markets has made evident the importance of efficient liquidity risk management for the …

Develops a comprehensive concept of regulatory risk integrating existing theoretical and empirical research. This book … explains how the design of the regulatory system influences the risk of a rate-regulated firm, as well as elaborates …

This book is a guide to asset and risk management from a practical point of view. It is centered around two questions … triggered by the global events on the stock markets since the middle of the last decade: - Why do crashes happen when in theory … they should not? - How do investors deal with such crises in terms of their risk measurement and management and, as a …

risky, what leads them to choose the risky alternative? The answer starts with a detailed review of the theory behind risk … risky, what leads them to choose the risky alternative? The answer starts with a detailed review of the theory behind risk … directors to analyse why they take risks, and how companies control risks. Integrating theory and evidence the book develops a …

Concept of -Cherry Junction Tree -- Robust Solutions under Uncertainty -- Induced Discounting and Risk Management -- Cost …

Capital Market-Based Calculation of the Cost of Equity -- Methods of Price Regulation -- Empirical Secondary Data … important to consider a possible change in the regulation regime when the future-oriented costs of equity - both in terms of … price regulation and for conducting capital market-oriented business valuations - are to be determined. Based on the …

Theoretical Background -- Alternative Approaches in Portfolio Management -- Minimum Risk Portfolios -- Risk Budgeting …Risk budgeting models set risk diversification as objective in portfolio allocation and are mainly promoted from the … asset management industry. Albina Unger examines the portfolios based on different risk measures in several aspects from the …

Since the publication of the second edition of The Credit Risk of Complex Derivatives in 1997, the world of derivatives … and risk management techniques. In the light of these changes, the text has been substantially reorganized, updated and … expanded. Several new chapters have been added including: * Derivative losses * Risk governance and risk management efforts …