engleski

Managing Financial Risk

Many observers thought that derivatives, drowning in bad publicity and in red ink, would die a quick death. however, derivatives were not to be abondoned: they tad proven themselves to be too useful. End-users, having learned dealers in terms of education, disclosure, and support. They are using this enhanced knowledge to improve policies and procedures, evaluate how best to implement Value-at-Risk (VAR), and decide what sort of systems requirements are needed to support their Risk Management activities. In this article, we will review the use of derifvatives by nonfinancial corporations and investors. in particular, we will examine the continuing efforts to implement more enlightened approaches to Risk management

risk management; Value-at-Risk; derivtives; financial price risk

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