在21世紀度量金融風險(pdf 10)

The Russian-inspired correction has
brought a brutal reminder to financial
institutions that global finance
is all about risk taking, and risk
management remains not a science but an art.
Over the past decade or so, the markets have
seen one debacle after another, each of which
has brought its lessons-from some of which
the markets have learned and from many of
which the markets still need to learn.
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