Business as Usual and Rare Events - The primary task of risk management -- Risk minimization -- Has propelled the use of derivatives to their current levels. Through the engineering of derivative contracts, agents can (ex)change risk. As a financial technology, risk management is more robust than current modeling techniques might suggest. This robustness owes much to the fact that, in ...
| Year of publication: |
1999
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| Authors: | Focardi, Sergio |
| Published in: |
The journal of portfolio management : a publication of Institutional Investor. - New York, NY : Institutional Investor, ISSN 0095-4918, ZDB-ID 1971451. - 1999, SPECI, p. 47-54
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