This edited volume presents the most recent achievements in risk measurement and management, as well as regulation of the financial industry, with contributions from prominent scholars and
practitioners such as Robert Engle, 2002 Nobel Laureate in Economics, Viral Acharya, Zvi Bodie, Aswath Damodaran, Marti Subrahmanyam, Menachem Brenner and others. The book provides a
comprehensive overview of recent emerging standards in risk management from an interdisciplinary perspective. Individual chapters expound on the theme of standards setting in this era of
financial crises where new and unseen global risks have emerged. They are organized in a such a way that allows the reader a broad perspective of the new emerging standards in macro, systemic
and sovereign risk before zooming into the micro perspective of how risk is conceived and treated within a corporation. A section is dedicated to credit risk and to the increased importance of
liquidity both in financial systems and at the firm’s level.
