Risk Management in Volatile Financial Markets

Abstract

Editors' Introduction. A: Central Bank Perspectives. I. Volatility is Here to Stay - Some Thoughts on its Implications M. Lusser. II. The Changing Structure of Financial Institutions and Markets: A Central Bank Perspective A. Crockett. B: Volatility and Risk. III. Financial Innovations and the Incidence of Risk in the Financial System M. Hellwig. IV. Has Financial Risk Really Worsened? C.A.E. Goodhart. V. The Anatomy of the Bond Market Turbulence of 1994 C.E.V. Borio, R. McCauley. V. The Anatomy of the Bond Market Turbulence of 1994 C.E.V. Borio, R. McCauley. VI. Volatility and Risk in Integrated Financial Systems: Measurement, Transmission and Policy Implications C. Kearney. VII. Volatility, International Trade and Capital Flows A.C.J. Stokman, P.J.G. Vlaar. C: Institutional Issues and Practices. VIII. Institutional Investors, Unstable Financial Markets and Monetary Policy E.P. Davis. IX. Internal Organisation of Risk Control and Management in a Bank with Large International Operations R.S. Gumerlock. X. Currency Exposure Management within Philips A.E. Ronner, D.A.M. Trappeniers. XI. Measuring Value-at-Risk for Mortgage Backed Securities S. Jakobsen. XII. Does the Paris Warrants Market Present a Systemic Risk? B. Caillet, G. Gallais-Hamonno. XIII. Asset and Liability Management in Retail Banking M.K. Lewis. D: Policy Implications. XIV. Is Central Bank Intervention Effective in Stabilizing Exchange Rates? A.A. Weber. XV. The Emerging Framework of Bank Regulation and Capital Control J.S. Alworth, S. Bhattacharya. XVI. Monetary Policy and Liberalisation in Poland, Russia and the United Kingdom. E: The Marjolin Lecture. XVII. Central Banking and Market Volatility R. Raymond.