Systemic liquidity risk and bipolar markets

• Verfasst von: Corcoran, Clive M. [VerfasserIn]
• Titel: Systemic liquidity risk and bipolar markets
• Titelzusatz: wealth management in today's macro risk on/risk off financial environment
• Verf.angabe: Clive Corcoran
• Verlagsort: Chichester, West Sussex, U.K.
• Verlag: Wiley
• Jahr: 2013
• Umfang: 1 online resource (1 volume)
• Illustrationen: illustrations
• Fussnoten: Includes bibliographical references and index. - Print version record
• ISBN: 978-1-118-41080-6
• ISBN: 1-118-41080-7
• ISBN: 1-118-41075-0
• ISBN: 978-1-118-41075-2
• ISBN: 978-1-118-81845-9
• ISBN: 1-118-81845-8
• Datenträger: Online-Ressource
• Sprache: eng
• Bibliogr. Hinweis: Erscheint auch als : Druck-Ausgabe
• Sach-SW: Investissements
• Sach-SW: Gestion de portefeuille
• Sach-SW: Finance, Personal
• Sach-SW: Investments
• Sach-SW: Portfolio management
• K10plus-PPN: 1903899931
• K10plus-PPN:
  Universitätsbibliothek
• Lokale URL UB: Zum Volltext
• Lokale URL UB: Bibliothek der Medizinischen Fakultät Mannheim der Universität Heidelberg
• Bibliothek/Idn: UW / m4585481834
• Lokale URL Inst.: Zum Volltext

Abstract

The dramatic and well chronicled crisis of 2007/8 marked a watershed moment for all stakeholders in global capital markets. In the aftermath, financial markets have become even more tightly coupled as correlations in returns across multiple asset classes have been at historically elevated levels. Investors and fund managers are, to a much larger degree than previously and often much more than they realize, subject to the risk of severe wealth destruction. The ultimate hazard, which is not adequately characterized by the widely touted notion of tail risk, is the systemic risk which arises wh.