The Risks of Financial Institutions


Write The First Customer Review

Until about twenty years ago, the consensus view on the cause of financial-system distress was fairly simple: a run on one bank could easily turn to a panic involving runs on all banks, destroying some and disrupting the financial system. Since then, however, a series of events such as emerging-market debt crises, bond-market meltdowns, and the Long-Term Capital Management episode has forced a rethinking of the risks facing financial institutions and the tools available to measure and manage these risks. "The Risks of ...

The Risks of Financial Institutions 2007, University of Chicago Press, Chicago, IL

ISBN-13: 9780226092850