Gray / Malone Macrofinancial Risk Analysis

1. Auflage 2008
ISBN: 978-0-470-75632-4
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 362 Seiten, E-Book

Reihe: The Wiley Finance Series

Macrofinancial risk analysis
Dale Gray and Samuel Malone
Macrofinancial Risk Analysis provides a new and powerful frameworkwith which policymakers and investors can analyze risk andvulnerability in economies, both emerging market and industrial.Using modern risk management and financial engineering techniquesapplied to the macroeconomy, an economic value can be placed on therisks posed by inter-linkages between sectors, the risk of defaultof different sectors on their outstanding debt obligationsquantified, and the value ex-ante of guarantees to private sectorentities by the government calculated. This book guides the readerthrough the basic macroeconomic and financial models necessary tounderstand the framework, the core analytical tools, and moreadvanced contributions that will be of interest to researchers.This unique synthesis of ideas from finance and macroeconomicsoffers several original contributions to the theory of financialcrises, as well as a range of new policy options for governmentsinterested in achieving a better tradeoff between economic growthand macro risk.

Autoren/Hrsg.

Gray, Dale

Malone, Samuel

Über Autor(innen)

Dr. DALE GRAY is the Senior Risk Expert in the Monetary andCapital Markets Department of the International Monetary Fund(IMF). He is founder and President of Macro Financial Risk, Inc.(Mf Risk) a pioneer in the application of risk managementtools to economies (board members include Robert Merton and ZviBodie). He has worked for investment banks, hedge funds,Moody's Investors Service, IMF, World Bank, IFC as well asadvising governments on macro risk analysis, management ofsovereign wealth funds, and the design of risk mitigationstrategies. He has worked on over thirty countries, is a frequentlecturer with numerous publications. He has a Ph.D. from MIT, MSfrom Stanford and is a certified Financial Risk Manager.
Dr. SAMUEL W. MALONE is a professor of finance at theIESA, a business school in Caracas, and director of ProAlea, Inc.,a risk and strategy consultancy based in Latin America. Heholds a doctorate in economics from the University of Oxford, UK,and undergraduate degrees in mathematics and economics from DukeUniversity, where he graduated Phi Beta Kappa with summa cumlaude Latin honors. Elected to attend Oxford as a RhodesScholar representing the United States, Malone is also a four-timewinner of the international Mathematical Contest in Modeling, anintensive problem-solving competition in which participants deviseand write up solutions to real-world problems chosen by experts ingovernment and industry. Author of several articles in appliedmathematics and economics, he has consulted for the InternationalMonetary Fund and the Inter-American Development Bank inWashington, DC.