Risk Management for Central Bankers - Risk Books
  • Choose your currency
  • GBP
  • EUR
  • USD

You have no items in your shopping basket.

0 items
£0.00

Risk Management for Central Bankers

Edited By Stephen F. Frowen, Robert Pringle and Benedict Weller

Overview

In Risk Management for Central Bankers, current and former central bankers discuss how to identify and manage not only financial market and payment system risks, but also those of a political and reputational nature; and experts in corporate organisation and governance address the crucial question: if risk management is recognised as lying at the heart of central banking, how should the structure and governance of a modern central bank reflect this priority? What does this imply for the reform of the organisation of central banks?


A Central Banking Publications book

Publish date: 28 Dec 1999

Availability: In stock

£250.00
OR

Book description

Central banks face many challenges in applying risk management techniques to their public policy duties:

  • How can risk management solutions best be adapted to the particular challenges which central banks face?
  • How have the leading central banks and international financial institutions developed and integrated risk management into their operational processes?
  • How can central banks benchmark their work with best practice in risk management?
  • How should the risk management department be organised so that its objectives complement those of the internal audit and financial control departments?

Addressing these and other questions, this book considers central banks’ need to interpret the concept of risk in a very broad sense, to embrace not only the identification and control of financial market risks and payment systems risks, but also reputational risks, political risks, regulatory risks and technological risks. Issues such as moral hazard in central banking are also of prime importance with respect to central bank risk management and the central bank's role as lender of the last resort.

Risk Management for Central Bankers brings together in one volume articles and research from some of the world’s leading risk management practitioners and analysts to address these questions.

Book details

ISBN
9781902182155
Publish date
28 Dec 1999
Format
Paperback
Size
155mm x 235mm

Editor biography

Stephen F. Frowen, Robert Pringle and Benedict Weller

Stephen F. Frowen is Fellow of St. Edmund's College Cambridge, Honorary Professor of the Institute for German Studies and Honorary Research Fellow in the Department of Economics, University College London.

Robert Pringle is Chairman of Central Banking Publications. Before starting Central Banking, Robert was for several years Editor of The Banker and subsequently he was closely associated with the establishment of the well-known "think tank", the Group of Thirty, where he served for seven years as the first Executive Director based in New York. He was also for three years a Senior Fellow at the United Nations institute called WIDER in Helsinki.

Benedict Weller is an economist is the financial markets department at the European Central Bank.

Stephen F. Frowen is Fellow of St. Edmund's College Cambridge, Honorary Professor of the Institute for German Studies and Honorary Research Fellow in the Department of Economics, University College London.

Benedict Weller is an economist is the financial markets department at the European Central Bank.

Table of contents

Survey of Central Bank Risk Managers

Change is the Only Constant: Risk Management in Review
Benedikt Koehler (Norddeutsche Landesbank)

Risk Management Practices at the European Central Bank
Carlos Bernadell and Ciarán Rogers (European Central Bank)

Risk Management in the Bank Of England
Richard Allen (Bank of England)

A General Concept of Central Bank Wide Risk Management
Amporn Sangmanee and Jarumanee Raengkhum (Bank of Thailand)

The Changing Nature of Reserve Management Risks
Roberto de Beaufort (Central Bank of Colombia)

Risk Management Practices at The World Bank
Jennifer Johnson-Calari (World Bank)

Regulatory Risks
Brian Quinn (Brian Quinn Consultancy)

Derivatives: Risks and Opportunities
Gordon Gemmill (City University Business School)

Payment Systems Risks
Robert Lindley (Bank for International Settlements)

The Standards Based Approach to Systemic Reform
George Vojta (The Westchester Group)

The Adequacy of International Reserve Levels: A New Approach
Christian Mulder (International Monetary Fund)

Sovereign Risk Management
Michael Naameh (Crown Agents Asset Management)

Customer Reviews

Average customer reviews for Risk Management for Central Bankers
Infopro Digital - AOP Digital Publisher of the Year 2010 & 2013  & 2017 & 2017