RISK AND LIQUIDITY by Hyun Song Shin ( 9780199546367 ) - Books & Audio Books at Pickabook.co.uk

Item Details

Title:

RISK AND LIQUIDITY

By:

Hyun Song Shin

Format:

Hardback

List price:

£47.99

Our price:

£41.99

Discount:

12.5% off

You save:

£6.00

ISBN 10:

0199546363

ISBN 13:

9780199546367

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Stock:

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Publisher:

OXFORD UNIVERSITY PRESS

Pub. date:

27 May, 2010

Series:

Clarendon Lectures in Finance

Pages:

206

Description:

This book presents the Clarendon Lectures in Finance by one of the leading exponents of financial booms and crises. It explains why the recent global financial crisis erupted in an era when risk management was at the core of the most sophisticated financial institutions.

Synopsis:

This book presents the Clarendon Lectures in Finance by one of the leading exponents of financial booms and crises. Hyun Song Shin's work has shed light on the recent global financial crisis and he has been a central figure in the policy debates. The paradox of the global financial crisis is that it erupted in an era when risk management was at the core of the management of the most sophisticated financial institutions. This book explains why. The severity of the crisis is explained by financial development that put marketable assets at the heart of the financial system, and the increased sophistication of financial institutions that held and traded the assets. Step by step, the lectures build an analytical framework that take the reader through the economics behind the fluctuations in the price of risk and the boom-bust dynamics that follow. The book examines the role played by market-to-market accounting rules and securitisation in amplifying the crisis, and draws lessons for financial architecture, financial regulation and monetary policy.This book will be of interest to all serious students of economics and finance who want to delve beneath the outward manifestations to grasp the underlying dynamics of the boom-bust cycle in a modern financial system - a system where banking and capital market developments have become inseparable.

Illustrations:

71 Figures, 8 Tables

Publication:

Imprint:

Oxford University Press

Returns:

Returnable

Some other items by this author:

DERIVATIVES ACCOUNTING AND RISK MANAGEMENT (HB)

GLOBAL SHOCK, RISKS, AND ASIAN FINANCIAL REFORM (HB)

MACROPRUDENTIAL REGULATION OF INTERNATIONAL FINANCE (HB)

MANAGING ELEVATED RISK (HB)