Advances in market risk management have had a huge impact on asset liability management in recent years, enabling the most advanced institutions to analyze their balance sheet risks in a much more realistic and dynamic way. In future, as risk management develops still further and computing power...

Purpose – Offering an empirical study of the rush to promote a new technology of its time, which is a significant phenomenon in its own right, the paper's purpose is to offer a reminder that new technologies often generate speculative and unstable business conditions....