1 . Introduction Francis X . Diebold , Neil A . Doherty , and Richard
نویسندگان
چکیده
Successful financial risk management requires constant grappling with the known, the unknown and the unknowable (“KuU”). But think of KuU as more than simply an acronym for “the known, the unknown, and the unknowable”; indeed, we think of it as a conceptual framework. We believe that “KuU thinking” can promote improved decision making—helping us to recognize situations of K and u and U and their differences, using different tools in different situations, while maintaining awareness that the boundaries are fuzzy and subject to change. Perhaps the broadest lesson is recognition of the wide applicability of KuU thinking, and the importance of each of K and u and U. KuU thinking spans all types of financial risk, with the proportion of uU increasing steadily as one moves through market, credit, and operational risks. In addition, KuU thinking spans risk measurement and management in all segments of the financial services industry, including investing, asset management, banking, insurance, and real estate. Finally, KuU thinking spans both the regulated and the regulators: regulators’ concerns largely match those of the regulated (risk measurement and management), but with an extra layer of concern for systemic risk.
منابع مشابه
Bulletin a Publication to Promote Communication among Stata Users Editor Associate Editors Syntax and Output
Editor Associate Editors H. Joseph Newton Francis X. Diebold, University of Pennsylvania Department of Statistics Joanne M. Garrett, University of North Carolina Texas A & M University Marcello Pagano, Harvard School of Public Health College Station, Texas 77843 James L. Powell, UC Berkeley and Princeton University 409-845-3142 J. Patrick Royston, Imperial College School of Medicine 409-845-314...
متن کاملSTATA March 1998 TECHNICAL STB - 42
Editor Associate Editors H. Joseph Newton Francis X. Diebold, University of Pennsylvania Department of Statistics Joanne M. Garrett, University of North Carolina Texas A & M University Marcello Pagano, Harvard School of Public Health College Station, Texas 77843 James L. Powell, UC Berkeley and Princeton University 409-845-3142 J. Patrick Royston, Imperial College School of Medicine 409-845-314...
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Editor Associate Editors H. Joseph Newton Nicholas J. Cox, University of Durham Department of Statistics Francis X. Diebold, University of Pennsylvania Texas A & M University Joanne M. Garrett, University of North Carolina College Station, Texas 77843 Marcello Pagano, Harvard School of Public Health 409-845-3142 J. Patrick Royston, Imperial College School of Medicine 409-845-3144 FAX stb@stata....
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Editor Associate Editors H. Joseph Newton Francis X. Diebold, University of Pennsylvania Department of Statistics Joanne M. Garrett, University of North Carolina Texas A & M University Marcello Pagano, Harvard School of Public Health College Station, Texas 77843 James L. Powell, UC Berkeley and Princeton University 409-845-3142 J. Patrick Royston, Royal Postgraduate Medical School 409-845-3144 ...
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