publication . Preprint . Part of book or chapter of book . 2000

The Key to Risk Management: Management

Adrian E. Tschoegl;
Open Access
  • Published: 01 Oct 2000
Abstract
The Barings, Daiwa Bank and Sumitomo Corp. financial debacles in the mid-1990s suggest that management failures rather than misfortune, errors, or complexity are a major source of the risk of financial debacles. These errors are systematic and are a concommittant of the structure of trading and of human nature. Risk management systems must take these facts into account.
Subjects
free text keywords: Finance, business.industry, business, Financial risk management, Risk management information systems, Foreign exchange, Risk management, Operations management, Principal–agent problem, Misfortune
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publication . Preprint . Part of book or chapter of book . 2000

The Key to Risk Management: Management

Adrian E. Tschoegl;