| Description |
1 online resource (1 audio file (10 hr., 41 min.)) |
| Playing Time |
104100 |
| Description |
digital rdatr |
|
audio file rdaft |
| Performer |
Read by Bruce Mann. |
| Summary |
A challenge to the conventional wisdom surrounding financial risk, providing insight into why easy solutions to control the financial system are doomed to fail Finance plays a key role in the prosperity of the modern world-but it also brings grave dangers. We seek to manage those threats with a vast array of sophisticated mathematical tools and techniques of financial risk management. Too often, though, we fail to address the greatest risk-the peril posed by our own behavior. Jon Danielsson argues that critical risk is generated from within, through the interactions of individuals and perpetuated by their beliefs, objectives, abilities, and prejudices. He asserts that the widespread belief that risk originates outside the financial system frustrates our ability to measure and manage it, and the likely consequences of new regulations will help alleviate small-scale risks but, perversely, encourage excessive risk taking. Danielsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system. |
| Subject |
Financial institutions -- Risk management.
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Financial crises.
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Financial risk.
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Institutions financières -- Gestion du risque. |
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Risque financier. |
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Financial crises |
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Financial risk |
| Genre |
Downloadable audio books. |
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Audiobooks
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Audiobooks.
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Livres audio.
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| Added Author |
Mann, Bruce, 1971- narrator.
|
| ISBN |
9798765054895 (electronic audio bk.) |
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