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Liquidity Risk: Managing Asset and Funding Risks: Finance and Capital Markets Series

Autor E. Banks
en Limba Engleză Hardback – 24 sep 2004
Much critical attention has been given in recent years to market and credit risks, which have a significant effect on corporate and financial operations and must be understood and managed with care. While these areas have rightly received considerable scrutiny, another critical dimension of financial risk - based on corporate liquidity - has been largely overlooked. Liquidity risk is the risk of loss arising from an inability to quickly realise asset value or obtain funding and can be damaging if not properly considered or actively managed. Lack of liquidity can lead to large losses in asset/liability portfolios and off balance sheet activities and in extreme cases can trigger financial distress and insolvency. Liquidity Risk is a comprehensive treatment of the topic focusing on the nature of the risk, problems that arise in asset and funding liquidity and mechanisms that can be developed to monitor, measure and control such risks.
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Specificații

ISBN-13: 9781403933997
ISBN-10: 1403933995
Pagini: 256
Ilustrații: XXI, 230 p.
Dimensiuni: 152 x 229 x 19 mm
Greutate: 0.51 kg
Ediția:2005
Editura: Palgrave Macmillan UK
Colecția Palgrave Macmillan
Seria Finance and Capital Markets Series

Locul publicării:London, United Kingdom

Cuprins

PART 1: ELEMENTS OF CORPORATE LIQUIDITY Liquidity Risk Defined Liquidity and Financial Operations Sources of Liquidity PART 2: LIQUIDITY PROBLEMS Funding Liquidity Risk Asset Liquidity Risk Liquidity Spirals and Financial Distress Case Studies in Liquidity Mismanagement PART 3: MANAGING LIQUIDITY RISKS Measuring Liquidity Risk Controlling Liquidity Risk Liquidity Crisis Management Summary: Toward Active Liquidity Risk Management

Notă biografică

ERIK BANKS has held senior risk management positions at several global financial institutions, including Partner and Chief Risk Officer of Bermuda reinsurer XL Capital's derivatives subsidiary, and Managing Director of Corporate Risk Management at Merrill Lynch, where he spent 13 years managing credit risk, market risk and risk analytics/technology teams in Tokyo, Hong Kong, London and, latterly, New York. He received early bank training at Citibank and Manufacturers Hanover, and is the author of a dozen books on risk management, emerging markets, derivatives, alternative risk transfer, merchant banking, and electronic finance.