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Financial Crisis and Risk Measurement: The Historical Perspective and a New Methodology

In: The First Great Recession of the 21st Century

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  • Gumersindo Ruiz
  • Ramón Trías

Abstract

The 2008–10 financial crisis and the global recession it created is a complex phenomenon that warrants detailed examination. The various essays in this book utilise several alternative paradigms to provide a plausible explanation and a credible cure. Great detail is given to this important analysis from different theoretical perspectives, presenting a clearer understanding of what went wrong and expounding misinterpretations of current theories and practices.

Suggested Citation

  • Gumersindo Ruiz & Ramón Trías, 2011. "Financial Crisis and Risk Measurement: The Historical Perspective and a New Methodology," Chapters, in: Óscar Dejuán & Eladio Febrero & Maria Cristina Marcuzzo (ed.), The First Great Recession of the 21st Century, chapter 4, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14193_4
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    References listed on IDEAS

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    1. George A. Akerlof, 2009. "How Human Psychology Drives the Economy and Why It Matters," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(5), pages 1175-1175.
    2. Hugues Pirotte & Didier Cossin, 2000. "Advanced Credit Risk Analysis: Financial Approaches and Mathematical Models to Assess, Price, and Manage Credit Risk," ULB Institutional Repository 2013/191833, ULB -- Universite Libre de Bruxelles.
    3. Óscar Dejuán & Eladio Febrero & Maria Cristina Marcuzzo (ed.), 2011. "The First Great Recession of the 21st Century," Books, Edward Elgar Publishing, number 14193.
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