Risk Management: Challenge and Opportunity

Front Matter....Pages I-XXVI
Front Matter....Pages 1-1
Does Risk Management Make Financial Markets Riskier?....Pages 3-23
The Relevance and Management of Reputation Risk in the Global Securities Industry....Pages 25-37
Managing Catastrophic Risk with Financial Instruments....Pages 39-62
Introducing New Risk Classes to Organized Exchanges: The Case of Electricity Derivatives....Pages 63-84
Challenges and Solutions for the Management of Longevity Risk....Pages 85-100
Front Matter....Pages 101-101
The Key to Risk Management: Management....Pages 103-120
Market Risk: Benchmark and Standard Model....Pages 121-140
KMV Credit Risk Modeling....Pages 141-154
Value at Risk: Tool for Managing Trading Risks....Pages 155-179
The Real Option Value of Operational and Managerial Flexibility in Global Supply Chain Networks....Pages 181-201
Problems of Evaluating R&D Projects as Real Options....Pages 203-212
Financial Hedging and Banks’ Assets and Liabilities Management....Pages 213-227
Front Matter....Pages 229-229
Governance of Global Financial Markets: Risk of Hubris....Pages 231-245
Risk Management, Corporate Governance And the Modern Corporation....Pages 247-262
Governing the Corporate Risk Management Function: Regulatory Issues....Pages 263-276
Statutory Regulation of the Risk-Management Function in Germany: Implementation Issues for the Non-Financial Sector....Pages 277-294
Financial Reorganization in Japan Can Japanese Banks Survive?....Pages 295-312
International Trade in Risky Foods: The Policies of the European Community and the World Trade Organization....Pages 313-332
Front Matter....Pages 333-333
Economic Risks of EMU....Pages 335-356
Estimating the Exchange Rate Exposure of US Multinational Firms: Evidence from an Event Study Methodology....Pages 357-371
Front Matter....Pages 333-333
Foreign-Exchange-Risk Management in German Non-Financial Corporations: An Empirical Analysis....Pages 373-393
Back Matter....Pages 395-415