New Ways for Managing Global Financial Risks : The Next Generation
Michael H. Hyman
Bok Engelsk 2006 · Electronic books.
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| Utgitt | Chichester : : Wiley, , 2006.
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| Omfang | 1 online resource (167 p.)
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| Opplysninger | Description based upon print version of record.. - New Ways for Managing Global Financial Risks; Contents; Acknowledgements; Introduction; 1 The Traditional Capital Market Pipeline; The state of the global banking system - the problems; Traditional banking industry organization; Product alignment; Bank consolidations; Global financial risk-underwriting capacity; Proprietary trading; Basel II; Conclusion; 2 The Problem - Wake Up Management; Introduction; The corporate problem; The insurance company problem; The pension fund problem; Conclusion; 3 The Status Quo; Derivative instruments; Will management change their behaviour?. - ConclusionThe instrument and its creation; The pricing mechanism; The risk distribution process; Document processing; Investment discipline (underwriting the instrument); 6 Case Studies; Case study one - emerging market currencies; Case study two - balance sheet risks; Case study three - insurance company reserves (a bond portfolio); Case study four - an equity volatility assurance transaction; Case study five - a global bank using a currency volatility assurance transaction; Case study six - pension fund solutions; 7 Conclusion; References; Index. - New accounting rulesBasel II; Corporates; The insurance industry; Pension funds; Conclusion; 4 Characteristics of the Next-Generation Financial Risk Management Solution; Managing the unexpected; Set and forget budget assurance; Cost efficiency; Hedge efficiency; Bundling; Market pricing; Underwriting capacity - counterparty diversification; Simplicity; Conclusion; 5 The Next Generation - A New Method, Process and Solutions; Introduction; A new method; A new process; A new instrument for managing global financial risks; Absolute volatility; Relative volatility; A new investment discipline. - Looks at the present state-of-the-art in global financial risk management, and then at the innovations and solutions that are being developed to solve the problems with current methodologies. The author presents a closely reasoned explanation of why the traditional quantitative methods are no longer adequate and argues the case for the hybrid instrument that will arise from the merging of the capital and insurance markets. New Ways for Managing Global Financial Risks will allow readers to think differently about how global financial risk is managed, and how to simplify the process.
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| Dewey | |
| ISBN | 0470012889. - 9780470012888
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