Title Risk management in volatile financial markets / edited by Franco Bruni, Donald E. Fair, and Richard O'Brien ; with contributions from Bill Allen ... [and others]

Published Dordrecht ; Boston : Kluwer Academic Publishers, [1996] ©1996

Copies

Location	Call no.	Vol.	Availability
MELB	332.11 Bru/Rmi		AVAILABLE

Description xii, 371 pages : illustrations ; 25 cm Series Financial and monetary policy studies ; v. 32 Financial and monetary policy studies ; 32 Contents Machine derived contents note: Editors' Introduction. A: Central Bank Perspectives. I. Volatility is Here to Stay - Some Thoughts on its Implications; M. Lusser. II. The Changing Structure of Financial Institutions and Markets: A Central Bank Perspective; A. Crockett. B: Volatility and Risk. III. Financial Innovations and the Incidence of Risk in the Financial System; M. Hellwig. IV. Has Financial Risk Really Worsened? C.A.E. Goodhart. V. The Anatomy of the Bond Market Turbulence of 1994; C.E.V. Borio, R. McCauley. V. The Anatomy of the Bond Market Turbulence of 1994; C.E.V. Borio, R. McCauley. VI. Volatility and Risk in Integrated Financial Systems: Measurement, Transmission and Policy Implications; C. Kearney. VII. Volatility, International Trade and Capital Flows; A.C.J. Stokman, P.J.G. Vlaar. C: Institutional Issues and Practices. VIII. Institutional Investors, Unstable Financial Markets and Monetary Policy; E.P. Davis. IX. Internal Organisation of Risk Control and Management in a Bank with Large International Operations; R.S. Gumerlock. X. Currency Exposure Management within Philips; A.E. Ronner, D.A.M. Trappeniers. XI. Measuring Value-at-Risk for Mortgage Backed Securities; S. Jakobsen. XII. Does the Paris Warrants Market Present a Systemic Risk?; B. Caillet, G. Gallais-Hamonno. XIII. Asset and Liability Management in Retail Banking; M.K. Lewis. D: Policy Implications. XIV. Is Central Bank Intervention Effective in Stabilizing Exchange Rates? A.A. Weber. XV. The Emerging Framework of Bank Regulation and Capital Control; J.S. Alworth, S. Bhattacharya. XVI. Monetary Policy and Liberalisation in Poland, Russia and the United Kingdom. E: The Marjolin Lecture. XVII. Central Banking and Market Volatility; R. Raymond Summary "The rapidly changing structure of financial markets is leading to a radical shift in the way in which privates sector financial institutions and firms, and public regulators, are coping with risk. With markets displaying a high degree of innovation and volatility, the responsibility for risk management is being placed increasingly on private sector operators. Following assessments of the extent of market volatility and risk financial markets, this volume presents examples of how private institutions are developing new risk management techniques and case studies from specific markets including securities markets and retail banking. In addition, senior central bankers discuss their changing attitude to risk and regulation and the implications for exchange rate and monetary policies." "The papers are written by authors from many countries covering a wide range of country experiences: by players in leading banks and companies; by public officials; and by academics, providing three differing perspectives on the financial markets of the 1990s. The four main sections address central bank perspectives, volatility and risk, institutional issues and practices, and the policy implications. The volume includes the 1995 Prix Marjolin essay and concludes with the 1995 Marjolin Lecture, given at the 19th Colloquium of the Societe Universitaire Europeenne de Recherches Financieres (SUERF) in Thun, Switzerland, from which the papers are selected. The contributions will be of considerable interest to those in banks, securities houses, company treasuries, central banks and regulatory bodies as well as to academics."--BOOK JACKET Analysis Finance Risks Management Notes "Consisting of the lectures given at the 19th Colloquium, held in Thun, Switzerland, in October 1995"--Ser. t.p "Published on behalf of the Société universitaire européenne de recherches financières (SUERF)." Bibliography Includes bibliographical references Subject Asset-liability management -- European Union countries -- Congresses. Bank investments -- European Union countries -- Congresses. Banks and banking, Central -- European Union countries -- Congresses. Institutional investments -- European Economic Community countries -- Congresses. Monetary policy -- European Union countries -- Congresses. Risk management -- European Union countries -- Congresses. Genre/Form Conference papers and proceedings. Author Allen, Bill, 1949- Bruni, Franco, 1948- Fair, Donald E. O'Brien, Richard, 1950- Société universitaire européenne de recherches financières. LC no. 96016268 ISBN 0792340531 (alk. paper)

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