Managing Risk in the New Economy

A wake-up call for financial professionals from a world-renowned authority on risk management. Dimitris Chorafas, an internationally recognized expert on risk management, predicts a dire end to the rampant uncertainty: credit and market meltdowns to rock financial and industrial organizations worldwide. Managing Risk in the New Economy provides an authoritative blueprint for averting the impending financial disaster. Investment brokers, financial analysts, traders, treasurers, and commercial bankers, as well as executives and managers in the financial industry, will value this timely, targeted resource for its clear and crucial lessons. Delving into the recent example of Long Term Capital Management (LTCM), Chorafas explains precisely how to avoid similar catastrophes. Accounting for all types of risk--credit, market, and operational--this comprehensive guide confronts pressing issues, including: • Risks characterizing highly leveraged institutions. • The dangerous game of hiding major losses through derivatives. • Human factors in effective risk management. • The role of technology in the control of exposure. • Common misconceptions surrounding the transfer of risk. Packed with real-world case studies and concrete strategies, Managing Risk in the New Economy is an essential book for all forward-thinking financial professionals.