Risk Management: Challenge and Opportunity

Basel II and the Effects on the Banking Sector....Pages 3-24
Conflicts of Interest and Market Discipline in Financial Services Firms....Pages 25-51
Risk Management and Value Creation in Banks....Pages 53-78
The New Basel Capital Accord....Pages 79-98
Value at Rist: Regulatory and Other Applications, Methods, and Criticism....Pages 99-124
Parsimonious Value at Risk for Fixed Income Portfolios....Pages 125-141
Risk Budgeting with Value at Risk Limits....Pages 143-157
Value at Risk, Bank Equity and Credit Risk....Pages 159-168
Parametric and Nonparametric Estimation of Conditional Return Expectations....Pages 169-196
Credit Risk Portfolio Modeling: An Overview....Pages 197-217
Evaluating Credit Risk Models....Pages 219-238
Estimation of Default Probabilities and Default Correlations....Pages 239-258
Managing Investment Risks of Institutional Private Equity Investors — The Challenge of Illiquidity....Pages 259-277
Assessment of Operational Risk Capital....Pages 279-301
Operational Risk: The Management Perspective....Pages 303-318
Catastrophic Events as Threats to Society: Private and Public Risk Management Strategies....Pages 321-340
New Approaches to Managing Catastrophic Insurance Risk....Pages 341-367
Alternative Risk Transfer....Pages 369-390
The Challenge of Managing Longevity Risk....Pages 391-406
Asset/Liability Management of German Life Insurance Companies: A Value-at-Risk Approach in the Presence of Interest Rate Guarantees....Pages 407-419
Risk Management, Corporate Governance and the Public Corporation....Pages 423-436
Integrating Corporate Risk Management....Pages 437-453
Value-Based Motives for Corporate Risk Management....Pages 455-478
Value-Based Corporate Risk Management....Pages 479-494
Statutory Regulation of the Risk Management Function in Germany: Implementation Issues for the Non-Financial Sector....Pages 495-511
A Comprehensive Approach to the Measurement of Macroeconomic Exposure....Pages 513-536
Foreign-Exchange-Risk Management in German Non-Financial Corporations: An Empirical Analysis....Pages 537-556
Estimating the Exchange Rate Exposure of US Multinational Firms: Evidence from an Event Study Methodology....Pages 557-569
International Corporate Risk Management: A Comparison of Three Major Airlines....Pages 571-590
Corporate Risk Management: Real Options and Financial Hedging....Pages 591-608
The Real Option Value of Operational and Managerial Flexibility in Global Supply Chain Networks....Pages 609-629
Managing Acquisition-Related Currency Risk Exposures: The E.ON-Powergen Case....Pages 631-650
Introducing New Risk Classes to Organized Exchanges: The Case of Electricity Derivatives....Pages 651-670
Was Enron’s Business Model Fundamentally Flawed?....Pages 671-677
“Real” Risk Management: Opportunities and Limits of Consumption-Based Strategies....Pages 679-698
Capacity Options: Convergence of Supply Chain Management and Financial Asset Management....Pages 699-717
The Key to Risk Management: Management....Pages 721-739
Economic Risks of EMU....Pages 741-764
Does Risk Management Make Financial Markets Riskier?....Pages 765-783
Risk Management, Rational Herding and Institutional Investors: A Macro View....Pages 785-799
Revitalization of Japanese Banks: Japan’s Big Bang Reform....Pages 801-820