Risk Management for Central Banks and Other Public Investors ... - 9780521518567

Risk Management for Central Banks and Other Public InvestorsAuthor(s): Ulrich Bindseil, Fernando Gonzalez, Evangelos Tabakis\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521518567, 978-0521518567\nSynopsis\nDomestic and foreign financial assets of all central banks and public wealth funds worldwide are estimated to have reached more than 12 trillion US dollars in 2007. How do these institutions manage such unprecedented growth in their financial assets and how have they responded to the 'revolution' of risk management techniques during the last two decades? This book surveys the fundamental issues and techniques associated with risk management and shows how central banks and other public investors can create better risk management systems. Each chapter looks at a specific area of risk management, first presenting general problems and then showing how these materialize in the special case of public institut.