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Controlling risks to ensure financial stability and reducing volatility
Journal of International Financial Management & Accounting ( IF 2.808 ) Pub Date : 2019-07-18 , DOI: 10.1111/jifm.12107
Giampaolo Gabbi 1 , Richard Levich 2
Affiliation  

The 11th International Risk Management Conference was held at the University of Paris‐Dauphine and the EM LYON Business School (Paris Campus) in June 2018. The conference theme “1968–2018: From Z‐Score to Contemporary Risk Management, 50 Years of Risk Measurement and Management” was selected as a means to showcase the many ways that financial risk measurement has evolved and impacted financial risk management in banks and corporations as well as the tools used by asset managers and market regulators. The four papers included in this special issue of the Journal of International Financial Management and Accounting focus on a wide range of issues: How small differences in credit ratings effect the speed of adjustment in corporate leverage, the impact of using soft variables to assess default probabilities in European corporations, a new approach to measuring a company's intrinsic risk, and the effectiveness of short sale circuit breaker rules to limit stock price volatility. Our Foreword highlights the main findings of these papers and offers our assessment of the lessons they provide for financial managers and policymakers.

中文翻译:

控制风险以确保金融稳定并减少波动

第十一届国际风险管理会议于2018年6月在巴黎多芬大学和EM LYON商学院(巴黎校区)举行。会议主题为“ 1968–2018:从Z评分到当代风险管理,50年的风险选择“衡量和管理”作为展示金融风险衡量已经演变并影响银行和公司金融风险管理的多种方式以及资产管理者和市场监管者使用的工具的一种手段。本期《国际财务管理与会计杂志》特刊中包含的四篇论文着重于以下一系列问题:信用评级的微小差异如何影响公司杠杆调整的速度,使用软变量评估欧洲公司的违约概率的影响,衡量公司内在风险的新方法以及有效性空头断路器规则,以限制股价波动。我们的前言重点介绍了这些论文的主要发现,并评估了它们为财务经理和决策者提供的经验教训。
更新日期:2019-07-18
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