Risk and Liquidity by Hyun Song Shin (English) Hardcover Book

by Hyun Song Shin

$85 · Offered by eBay · No longer available

Risk and Liquidity by Hyun Song Shin Estimated delivery 3-12 business days Format Hardcover Condition Brand New 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. Publisher Description 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 explainswhy. 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 heldand 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 book will be of interest to all s

• Publisher: Oxford University Press, Incorporated
• Year: 2010
• Binding: Hardcover
• ISBN: 9780199546367
• Condition: Fine

Found via Rare Books Intel, a search across rare-book dealers, auction houses and marketplaces worldwide.