Transcription of CHAPTER 1 What Is Financial Risk Management? - Wiley
{{id}} {{{paragraph}}}
Example: dental hygienist
CHAPTER 1 What Is Financial Risk Management? - Wiley
1 After reading this CHAPTER you will be able to Describe the Financial risk management process Identify key factors that affect interest rates, exchange rates,and commodity prices Appreciate the impact of history on Financial marketsAlthough Financial risk has increased significantly in recent years,risk and risk management are not contemporary issues. The resultof increasingly global markets is that risk may originate with eventsthousands of miles away that have nothing to do with the domesticmarket. Information is available instantaneously, which means thatchange, and subsequent market reactions, occur very economic climate and markets can be affected very quickly bychanges in exchange rates, interest rates, and commodity prices.
Implement risk management strategy in accordance with policy. • Measure,report,monitor,and refine as needed. Diversification For many years,the riskiness of an asset was assessed based only on the variability of its returns.In contrast,modern portfolio theory considers not only an asset’s riskiness,but also its contribution to the overall risk-
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: