A Brief History of Financial Risk and Information

Handbook of Financial Data and Risk Information, Volume I, M. Brose, M. Flood, D. Krishna and W. Nichols, eds., Cambridge University Press, 2014

32 Pages Posted: 23 Sep 2012 Last revised: 11 Jan 2016

Mark D. Flood

Government of the United States of America - Office of Financial Research

Date Written: August 31, 2012

Abstract

This chapter presents the historical context for the current state of financial information and risk management. In lieu of a comprehensive history, the authors discuss several broad historical themes in risk and finance: institutionalization, technology, globalization, and complexity, including the rise of risk management professionals. Emblematic events are used to illustrate the evolution of the financial markets and risk management.

Keywords: financial history, risk management, institutionalization, technology, globalization, complexity

JEL Classification: N2, N20, B0

Suggested Citation

Flood, Mark D., A Brief History of Financial Risk and Information (August 31, 2012). Handbook of Financial Data and Risk Information, Volume I, M. Brose, M. Flood, D. Krishna and W. Nichols, eds., Cambridge University Press, 2014. Available at SSRN: https://ssrn.com/abstract=2150987 or http://dx.doi.org/10.2139/ssrn.2150987

Mark D. Flood (Contact Author)

Government of the United States of America - Office of Financial Research ( email )

717 14th Street, NW
Washington DC, DC 20005
United States

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