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Author: OECD
Publisher: OECD Publishing
Published: 2003-04-24
Total Pages: 292
ISBN-13: 9789264101227
DOWNLOAD EBOOK →This book explores the implications of newly developing risks such as hugely damaging hurricanes, new diseases, terrorist attacks, and disruptions to critical infrastructures.
Author: Organisation for Economic Co-operation and Development
Publisher: OECD Publishing
Published: 2003
Total Pages: 304
ISBN-13:
DOWNLOAD EBOOK →Recent years have witnessed a variety of large-scale disasters throughout the world relating to natural disasters, technological accidents, infectious diseases, food safety issues and terrorist attacks. This book examines the underlying forces driving changes in these key risk areas and explores the social and economic implications of these developments on major systems relating to provision of health services, transport, energy, food and water supplies, information and telecommunications. It identifies the challenges facing OECD countries, especially at an international level, in assessing, preparing for and responding to conventional and newly emerging hazards. It also sets out a number of recommendations for governments and the private sector as to how the management of emerging systemic risks might be improved.
Author: Anne Barr
Publisher: Routledge
Published: 2016-04-29
Total Pages: 254
ISBN-13: 1317144759
DOWNLOAD EBOOK →For boards and executives, high-quality and transparent information is critical to allow effective decision-making. Emerging risks are increasingly challenging issues, both in terms of threats and growth opportunities; not least since the science pertaining to these risks tends to be contested. Emerging Risks: A Strategic Management Guide restores the constructive dialogue between the business professional and the expert/scientist community, essential if companies are to anticipate, plan ahead and exploit leading-edge ideas. It provides insights into some of the major emerging risks of the 21st century and then guides organizations on how to approach and manage those risks proactively in the wake of new regulation, governance and enterprise-wide risk management. The topics covered include: nanotechnologies, covering the industrial revolution of the 21st Century; new information and communication technologies (NICT), discussing the infrastructure of the future; electromagnetic fields (EMF) and their debated health impact; chemical substances/REACH, a regulation with major economic and environmental stakes and an example of emerging risk management; biological risk and its on-going need for international surveillance; supply chain, a top management priority; and country risk, for which security and corporate social responsibility (CSR) are growing issues. The authors assess and propose a process for managing emerging risks and the strategies that need to be put in place, drawing on examples of best practice.
Author: William Burckart
Publisher: Berrett-Koehler Publishers
Published: 2021-04-13
Total Pages: 154
ISBN-13: 1523091096
DOWNLOAD EBOOK →How institutions and individuals can address complex social, financial, and environmental problems on a systemic level—and invest in a more secure future. Investment today has evolved from the basic, conventional approach of the past. Investors have come to recognize the importance of sustainable investment and are more frequently considering environmental and social factors in their decisions. Yet the complexity of the times forces us to recognize and transition to a third stage of investment practice: system-level investing. In this paradigm-shifting book, William Burckart and Steve Lydenberg show how system-level investors support and enhance the health and stability of the social, financial, and environmental systems on which they depend for long-term returns. They preserve and strengthen these fundamental systems while still generating competitive or otherwise acceptable performance. This book is for those investors who believe in that transition. They may be institutions, large or small, concerned about the long-term stability of the environment and society. They may be individual investors who want their children and grandchildren to inherit a just and sustainable world. Whoever they may be, Burckart and Lydenberg show them the what, why, and how of system-level investment in this book: what it means to manage system-level risks and rewards, why it is imperative to do so now, and how to integrate this new way of thinking into their current practice. “Burckart and Lydenberg are the Wayne Gretzkys of investing: Showing us not where investing is, but where it’s going.” —Jon Lukomnik, Managing Partner, Sinclair Capital; Senior Fellow, High Meadows Institute
Author: Markus Brunnermeier
Publisher: University of Chicago Press
Published: 2014-10-17
Total Pages: 286
ISBN-13: 022609264X
DOWNLOAD EBOOK →The recent financial crisis and the difficulty of using mainstream macroeconomic models to accurately monitor and assess systemic risk have stimulated new analyses of how we measure economic activity and the development of more sophisticated models in which the financial sector plays a greater role. Markus Brunnermeier and Arvind Krishnamurthy have assembled contributions from leading academic researchers, central bankers, and other financial-market experts to explore the possibilities for advancing macroeconomic modeling in order to achieve more accurate economic measurement. Essays in this volume focus on the development of models capable of highlighting the vulnerabilities that leave the economy susceptible to adverse feedback loops and liquidity spirals. While these types of vulnerabilities have often been identified, they have not been consistently measured. In a financial world of increasing complexity and uncertainty, this volume is an invaluable resource for policymakers working to improve current measurement systems and for academics concerned with conceptualizing effective measurement.
Author: Robert J. Shiller
Publisher: Princeton University Press
Published: 2009-02-09
Total Pages: 384
ISBN-13: 1400825474
DOWNLOAD EBOOK →In his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fueling the volatility that has since made a roller coaster of the financial system. Less noted was Shiller's admonition that our infatuation with the stock market distracts us from more durable economic prospects. These lie in the hidden potential of real assets, such as income from our livelihoods and homes. But these ''ordinary riches,'' so fundamental to our well-being, are increasingly exposed to the pervasive risks of a rapidly changing global economy. This compelling and important new book presents a fresh vision for hedging risk and securing our economic future. Shiller describes six fundamental ideas for using modern information technology and advanced financial theory to temper basic risks that have been ignored by risk management institutions--risks to the value of our jobs and our homes, to the vitality of our communities, and to the very stability of national economies. Informed by a comprehensive risk information database, this new financial order would include global markets for trading risks and exploiting myriad new financial opportunities, from inequality insurance to intergenerational social security. Just as developments in insuring risks to life, health, and catastrophe have given us a quality of life unimaginable a century ago, so Shiller's plan for securing crucial assets promises to substantially enrich our condition. Once again providing an enormous service, Shiller gives us a powerful means to convert our ordinary riches into a level of economic security, equity, and growth never before seen. And once again, what Robert Shiller says should be read and heeded by anyone with a stake in the economy.
Author: Leonardo Martinez-Diaz
Publisher: U.S. Commodity Futures Trading Commission
Published: 2020-09-09
Total Pages: 196
ISBN-13: 057874841X
DOWNLOAD EBOOK →This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742
Author: Joseph G. Haubrich
Publisher: University of Chicago Press
Published: 2013-01-24
Total Pages: 286
ISBN-13: 0226921964
DOWNLOAD EBOOK →In the aftermath of the recent financial crisis, the federal government has pursued significant regulatory reforms, including proposals to measure and monitor systemic risk. However, there is much debate about how this might be accomplished quantitatively and objectively—or whether this is even possible. A key issue is determining the appropriate trade-offs between risk and reward from a policy and social welfare perspective given the potential negative impact of crises. One of the first books to address the challenges of measuring statistical risk from a system-wide persepective, Quantifying Systemic Risk looks at the means of measuring systemic risk and explores alternative approaches. Among the topics discussed are the challenges of tying regulations to specific quantitative measures, the effects of learning and adaptation on the evolution of the market, and the distinction between the shocks that start a crisis and the mechanisms that enable it to grow.
Author: Richard A. Stephans
Publisher: John Wiley & Sons
Published: 2012-11-30
Total Pages: 407
ISBN-13: 1118591526
DOWNLOAD EBOOK →Summarizes the current state of "front-end" risk-control techniques Many approaches to risk control are possible. However, only through careful reading, evaluation, and study can one make the best choice of a practical philosophy for a system safety program. The goal is to apply the best scientific and engineering principles in the best way, resulting in the soundest and safest possible system. System Safety for the 21st Century provides in-depth coverage of this specialized discipline within the safety profession. Written for both technical and nontechnical reference, this clearly organized text serves as a resource for both students and practitioners. It gives basic and essential information about the identification, evaluation, analysis, and control of hazards in components, systems, subsystems, processes, and facilities. Integrating the changes to the field that have occurred since publication of the first edition, this revised and expanded resource offers: * Logical progression from basics to techniques to applications * New focus on process safety not found in other texts * A new and unique section on professionalism for system safety and other safety practitioners * Presentation of both system safety scope and essentials * Consistent chapter format for easy learning includes an introduction and summary for each chapter * Review questions reinforcing important points * A combination of basis requirements with practical experience * Information on selected techniques to assess hazards and provide management oversight * An updated section on protecting against external events in the light of the global terrorist threat * Critiques of existing systems, including those of the Department of Defense and the * Department of Energy Relevant to industry, academia, and government, System Safety for the 21st Century is an essential resource for anyone studying or implementing proactive hazard identification and risk control techniques and procedures.
