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The Illusion of Control : Why Financial Crises Happen, and What We Can (and Can't) Do About It /

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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Danielsson, Jon (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: New Haven, CT : Yale University Press, [2022]
Temas:
Acceso en línea:Texto completo
Texto completo

MARC

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245 1 4 |a The Illusion of Control :  |b Why Financial Crises Happen, and What We Can (and Can't) Do About It /  |c Jon Danielsson. 
264 1 |a New Haven, CT :   |b Yale University Press,   |c [2022] 
264 4 |c ©2022 
300 |a 1 online resource (288 p.) :  |b 45 b-w illus. 
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505 0 0 |t Frontmatter --   |t Contents --   |t Acknowledgments --   |t 1 Riding the Tiger --   |t 2 Systemic Risk --   |t 3 Groundhog Day --   |t 4 The Risk Panopticon --   |t 5 The Myth of the Riskometer --   |t 6 Ideas Matter: Risk and Uncertainty --   |t 7 Endogenous Risk --   |t 8 If You Can't Take the Risk, Change Riskometers --   |t 9 The Goldilocks Challenge --   |t 10 The Risk Theater --   |t 11 The Uniformity, Efficiency, and Stability Trilemma --   |t 12 All about BoB: Robots and the Future of Risk --   |t 13 The Path Not to Take --   |t 14 What to Do? --   |t Notes --   |t Bibliography --   |t Index 
506 0 |a restricted access  |u http://purl.org/coar/access_right/c_16ec  |f online access with authorization  |2 star 
520 |a 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. Jón Daníelsson 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. Daníelsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system. 
538 |a Mode of access: Internet via World Wide Web. 
546 |a In English. 
588 0 |a Description based on online resource; title from PDF title page (publisher's Web site, viewed 01. Dez 2022) 
650 0 |a Financial crises. 
650 0 |a Financial risk. 
650 7 |a BUSINESS & ECONOMICS / Finance / Financial Risk Management.  |2 bisacsh 
773 0 8 |i Title is part of eBook package:  |d De Gruyter  |t Yale University Press Complete eBook-Package 2021  |z 9783110739237 
773 0 8 |i Title is part of eBook package:  |d De Gruyter  |t Yale University Press Complete eBook-Package 2022  |z 9783110749779 
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