scholarly journals Pegs, Risk Management, and Financial Crises

2004 ◽  
Author(s):  
Parag Pathak ◽  
Jean Tirole
Keyword(s):  
Risk Management ◽  
Financial Crises

The Mortgage and Financial Crises: The Role of Credit Risk Management and Corporate Governance

2010 ◽  
Vol 38 (3) ◽  
pp. 295-316 ◽  
Author(s):  
William W. Lang ◽  
Julapa A. Jagtiani
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Credit Risk ◽  
Financial Crises ◽  
Credit Risk Management

Risk and Islamic Finance

2020 ◽  
pp. 441-454
Author(s):  
Zubair Hasan
Keyword(s):  
Risk Management ◽  
Financial Crises ◽  
Risk Sharing ◽  
Current Practice ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Future Prospects

The discussions on risk – its bearing, sharing, or transfer – have recently assumed prominence in Islamic finance literature in the wake of devastations the 2007-2008 financial crises unleashed across nations. Islamic scholars were quick to claim that there was no impact of the crisis on Islamic banks because they worked on a risk-sharing principle. In contrast, mainstream institutions suffered because they worked on a different plank – the transference of risk to other parties. This Chapter argues that neither the current practice of Islamic banking supports risk sharing as its sole principle nor do its future prospects depend on it. The proposition only seeks to put Islamic finance on a non-existent trajectory. It clarifies confusion regarding the proposition and some of its corollaries. Contextually, it deals with measurement of risk, its relationship with return to capital, and its distributional equitability. The focus of the Chapter is rather restricted. It does not deal with various types of risks the banks face in their financing activities or with issues in risk management.

To Remember or Forget?

2021 ◽  
pp. 105-130
Author(s):  
Mats Larsson ◽  
Kristina Lilja
Keyword(s):  
Twentieth Century ◽  
Risk Management ◽  
Financial Crisis ◽  
Central Bank ◽  
Financial Crises ◽  
Commercial Banks ◽  
Financial System ◽  
Business Strategies ◽  
Financial Problems ◽  
Governmental Control

Since the early twentieth century, the Swedish financial system has experienced five major financial crises—both domestic and internationally generated. With three crises within 25 years, the use of memories from previous financial problems seems a little far-fetched. But so far this has not explicitly been analysed. However, with sources from official investigations, material from the Swedish central bank (the Riksbank) as well as memos from the Bank Inspection Board and larger commercial banks, it would be possible to reconstruct how experiences from earlier financial crises influenced banks risk management and business strategies. During the financial crisis of the 1990s the lack of memories from the 1920s and 1930s was noticed. It was said that knowledge of risk management had been reduced during 60 years of governmental control. This chapter explores this loss of memory using archives and interviews.

Financial crises, bank losses, risk management and audit: what happened?

2010 ◽  
Vol 17 (10) ◽  
pp. 1019-1022 ◽  
Author(s):  
Fredj Jawadi
Keyword(s):  
Risk Management ◽  
Financial Crises

Exchange rate risk management: What can we learn from financial crises?

2015 ◽  
Vol 45 ◽  
pp. 187-192 ◽  
Author(s):  
Li-Huei Lan ◽  
Chang-Chih Chen ◽  
Shuang-Shii Chuang
Keyword(s):  
Risk Management ◽  
Exchange Rate ◽  
Financial Crises ◽  
Exchange Rate Risk ◽  
Rate Risk

The Mortgage and Financial Crises: The Role of Credit Risk Management and Corporate Governance

2010 ◽  
Vol 38 (2) ◽  
pp. 123-144 ◽  
Author(s):  
William W. Lang ◽  
Julapa A. Jagtiani
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Credit Risk ◽  
Financial Crises ◽  
Credit Risk Management

The Dynamics of VaRs with Skew t Distribution for A300 Index in China

2011 ◽  
Vol 135-136 ◽  
pp. 1051-1056
Author(s):  
Cheng Li Zheng ◽  
Dong Dong Huang
Keyword(s):  
Risk Management ◽  
Stock Market ◽  
Normal Distribution ◽  
High Frequency ◽  
Financial Crises ◽  
Financial Asset ◽  
Real Thing ◽  
The One ◽  
T Distribution ◽  
Better Than

The high frequency of financial crises make the risk management of financial asset become the focus of the financial investors and scholars. The traditional VaR based on assumption about the normal distribution of yield is not suitable for the real thing in China. The characteristics of stock market yield in China is fat tail and non-symmetry. In this paper, the dynamics of VaRs based on TARCH model with the skew t distribution are computed and analysed. And then failure rate of VaRs are compared under normal distribution, student's-t distribution and GED distribution. The results show that the most accurate VaR is the one with the skew t distribution, which describes the reality of the stock market better than others.

scholarly journals Ensuring Uncertainty? The International Political Economy of Over-The-Counter Derivatives Trading

2021 ◽  
Author(s):  
◽  
Seth Bateman
Keyword(s):  
Risk Management ◽  
Financial Crises ◽  
Financial Risk ◽  
International Political Economy ◽  
Over The Counter ◽  
Otc Derivatives ◽  
Regulatory Processes ◽  
State Actor ◽  
Political Question ◽  
Insight Into

<p>Over-the-counter (OTC) financial derivatives are increasingly used in a globalising financial market as tools for risk management. However, the advent of large financial crises as a result of their use raises issue as to the risks derivatives themselves might pose to the players who use them, as well as to the international financial system as a whole. It is, therefore, a key question to ask what regulation might be apt for trade in OTC derivatives. This thesis considers how a post-structuralist account might offer important insight into how this question is understood. Post-structuralist, as well as broader social constructivist and non-rationalist critiques help illustrate some of the limits to objectivist rationalism in practices of financial risk management. This thesis argues that the danger of ignoring such critiques include a continued “illusion” of individual and state-actor control over macro-economic processes, such as the phenomenal volume of trade in OTC derivatives contracts today. In this light, therefore, the regulation of OTC derivatives is not just a political question of who does and should have explicit policy control over economic and regulatory processes; but it is also a political question over knowledge constructs, and how particular technologies and specialist discourses are developed that enable “experts” legitimacy and power where it is not necessarily justified.</p>

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