(Ebook) Risk Management for Central Banks and Other Public Investors by Ulrich Bindseil, Fernando Gonzalez, Evangelos Tabakis ISBN 9780511480836, 9780521518567, 0521518563, 0511480830

(Ebook) Risk Management for Central Banks and Other Public Investors by Ulrich Bindseil, Fernando Gonzalez, Evangelos Tabakis ISBN 9780511480836, 9780521518567, 0521518563, 0511480830

Domestic and foreign financial assets of all central banks and public wealth funds world wide 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 fifteen years? 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 institutions. Written by a team of risk management experts from the European Central Bank, this much-needed survey is an ideal resource for those concerned with the increasingly important task of managing risk in central banks and other financial institutions.