Managing Financial Risks

From Global to Local
Erscheinungsjahr 2009
ISBN: 978-0-19-955743-1
Verlag: OUP Oxford

Buch, Englisch, 352 Seiten, Format (B × H): 161 mm x 240 mm, Gewicht: 690 g

Recent market turmoil, bank runs, global equities sell-off, and the 'credit crunch' have demonstrated the sophisticated and interconnected nature of financial markets today - seemingly localized problems have quickly spread, putting at risk the solvency of both local and global financial institutions. As these markets are increasingly complex, interconnected, and embedded in the daily lives of individuals, there is a pressing need to unravel and understand the complexities and prospects of this new and transformative social, political, and geographical paradigm.

This book brings together a group of leading scholars from a range of disciplines to formulate a more holistic understanding of financial risk by rooting it in different environments, spatial scales, and disciplines. The result is an all-encompassing exposition of current and future financial risk management practices, possibilities, and problems.

Autoren/Hrsg.

Clark, Gordon L.

Dixon, Adam D.

Monk, Ashby H. B.

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines

Inhaltsverzeichnis

- Preface

- Introduction

- Section I: Governing Global Financial Risk

- 1: Louis W. Pauly: The Changing Political Geography of Financial Crisis Management

- 2: Gary Dymski: Is Financial Governance Feasible in the Neoliberal Era

- 3: Gordon L. Clark: Institutional Investors and Risk Management

- Section II: Place, Proximity, and Risk

- 4: Yuval Millo and Donald Mackenzie: The Practicalities of Being Inaccurate: Steps Towards the Social Geography of Financial Risk Management

- 5: Ewald Engelen: Learning to Cope with Uncertainty: On the Spatial Distributions of Financial Innovation and its Fall-out

- 6: Dariusz Wójcik: The Role of Proximity in Secondary Markets

- Section III: Urban Risk

- 7: Phillip O'Neill: Infrastructure Investment and the Management of Risk

- 8: Lisa A. Hagerman and Tessa Hebb: Balancing Risk and Return in Urban Investing

- 9: Sam Randalls: Managing Financial Risks in Urban Environments

- Section IV: Individuals in a Risk World

- 10: Sue Smith: Managing Financial Risk: The Strange Case of Housing

- 11: Kendra Strauss: Gender, Risk, and Occupational Pensions

- 12: Paul Langley: Consumer Credit, Self-Discipline, and Risk Management

Über Autor(innen)

Gordon L. Clark is the Halford Mackinder Professor of Geography, holds a Professorial Fellowship at St Peter's College, and is currently a Senior Research Associate of the Labor and Worklife Program at Harvard Law School. His current research is on pension fund governance focusing upon the competence and consistency of decision-makers and the design of rules and regulations to enhance the investment performance of these crucial institutions (supported by the National Association of Pension Funds and Watson Wyatt). Related work centres on individual financial decision-making in defined contribution plans emphasizing the intersection between cognition and context (supported, in part, by the ESRC, Mercers, and Watson Wyatt). Recent books include The Geography of Finance (OUP, 2007) (with Dariusz Wójcik), Pension Fund Capitalism (OUP, 2000), and the co-edited Pension Security in the 21st Century (OUP, 2003) and The Oxford Handbook of Pensions and Retirement Income (OUP, 2006).

Adam D. Dixon is a PhD candidate in economic geography at the OUCE, University of Oxford. His doctoral research focuses on developing conceptualizations of European and global financial geography in the context of globalization and institutional diversity. He holds a graduate degree from the Institute d'Etudes Politiques de Paris and undergraduate degree from The George Washington University Elliott School of International Affairs. He has published in New Political Economy, Soziale Welt, and has a forthcoming article in the Journal of Economic Geography. He is also the International Economy Editor for Oxford Analytica.

Ashby H. B. Monk is a Research Fellow at the University of Oxford and a Research Fellow at Boston College's Center for Retirement Research. He received his PhD in Economic Geography at Oxford and holds an MA in International Economics from the Université de Paris I - Panthéon Sorbonne and a BA in Economics from Princeton University. His current research is on the design and governance of financial institutions, with particular focus on pensions and sovereign wealth funds (supported by the Center for Retirement Research at Boston College, the Leverhulme Trust, and the Lupina Foundation). He has published numerous academic papers related to the above, and is the co-author of a forthcoming book entitled Sovereign Wealth Funds: Power, Governance, and Legitimacy (Princeton University Press).