Risk management in
emerging markets
Understanding risk in
emerging markets is a critical success factor for management today. Risk management is
about controlled decision making rather than risk avoidance. Balancing risk and reward is
increasingly important but reward does not come without risk.
"Risk Management in
Emerging Markets is primarily concerned with the risks facing long-term investors who put
their money in real assets rather than financial ones such as investing In stock markets,
but everyone interested in emerging markets will find value in reading this book. It will
help open managers' eyes to risks and provide solutions. It also seeks to answer the
question 'What makes emerging markets different and how does this impact on risk?' rather
than how to make a quick return, as many other books do.
The book addresses in detail
the question of 'What is risk?' and then covers the basics of identification, measurement
and management of risk before considering how things work or don't work in practice in
emerging markets. It also considers
recent trends and looks at
future possible developments within the field.
A selection of international
case studies and examples from both the corporate and banking sectors highlight key risks
in the UK, US and Europe as well as emerging markets. These help ililustrate the fact that
today's business world is more integrated, more volatile and more hostile than it has ever
been.
Risk Management in Emerging
Markets is an essential guide for managers in both non-commercial and commercial
organizations, as well as students of risk and risk management.
Those wanting to survive, or
even win, would be wise to read this book before their competitors do.
Carl Olsson is a London-based
banker, and is currently a senior manager in the global risk management function for
Standard Chartered Bank, a leading emerging markets bank. Prior to taking up this role he
lived and-worked -for,nearly 28 years in emerging markets in: the Middle East India and
Asia where he warked with many corporate clients tracing the challenge of doing business
in emerging markets. In addition to a degree in Economics from Cambridge, he has completed
professional banking exams and more recently an MBA from Henley Management College.
310 pages