Liquidity risk : managing asset and funding risks

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Title:

Author:

Banks, Erik.

ISBN:

9781403933997

Personal Author:

Banks, Erik.

Publication Information:

Houndmills, Basingstoke, Hampshire ; New York : Palgrave Macmillan, 2005.

Physical Description:

xxi, 230 p. : ill. ; 25 cm.

Series:

Finance and capital markets series

Series Title:

Finance and capital markets series

Contents:

1. Liquidity risk defined -- 2. Liquidity and financial operations -- 3. Sources of liquidity -- 4. Funding liquidity risk -- 5. Asset liquidity risk -- 6. Liquidity spirals and financial distress -- 7. Case studies in liquidity mismanagement -- 8. Measuring liquidity risk -- 9. Controlling liquidity risk -- 10. Liquidity crisis management -- 11. Summary : toward active liquidity risk management.

Abstract:

"Much critical attention has been given in recent years to market and credit risks, which have a significant effect on corporate financial operations and must be understood and managed with care. This book 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."--BOOK JACKET.

Subject Term:

Cash management.

Liquidity (Economics)

Risk management.

Asset-liability management.

Electronic Access:

Contributor biographical information http://www.loc.gov/catdir/bios/hol059/2004051232.html
Publisher description http://www.loc.gov/catdir/description/hol053/2004051232.html
Table of contents http://www.loc.gov/catdir/toc/hol052/2004051232.html

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168015766187	658.152 B218L 2005	1	Searching... Unknown

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Summary

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.