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
Date Written: August 31, 2012
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: Suggested Citation