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Liquidity Risk : Managing Asset and Funding Risks - E. Banks

Liquidity Risk

Managing Asset and Funding Risks

By: E. Banks

Hardcover Published: 24th September 2004
ISBN: 9781403933997
Number Of Pages: 230

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Much critical attention has been given in recent years to market and credit risks, which have a significant effect on corporate and financial operations and must be understood and managed with care. While these areas have rightly received considerable scrutiny, another critical dimension of financial risk - based on corporate liquidity - has been largely overlooked. Liquidity risk is the risk of loss arising from an inability to quickly realise asset value or obtain funding and can be damaging if not properly considered or actively managed. Lack of liquidity can lead to large losses in asset/liability portfolios and off balance sheet activities and in extreme cases can trigger financial distress and insolvency. Liquidity Risk is a comprehensive treatment of the topic focusing on the nature of the risk, problems that arise in asset and funding liquidity and mechanisms that can be developed to monitor, measure and control such risks.

Liquidity risk definedp. 3
Liquidity and financial operationsp. 14
Sources of liquidityp. 36
Funding liquidity riskp. 63
Asset liquidity riskp. 78
Liquidity spirals and financial distressp. 92
Case studies in liquidity mismanagementp. 105
Measuring liquidity riskp. 129
Controlling liquidity riskp. 156
Liquidity crisis managementp. 189
Summary : toward active liquidity risk managementp. 201
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9781403933997
ISBN-10: 1403933995
Series: Finance and Capital Markets Series
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 230
Published: 24th September 2004
Publisher: Palgrave USA
Country of Publication: US
Dimensions (cm): 22.9 x 15.2  x 1.27
Weight (kg): 0.51
Edition Number: 1