Lessons Learned from Crises in the Financial Markets: Impoved Regard for Risk Management Systems

The Director of the European Offices of the International Monetary Fund, Saleh M. Nsouli, recently gave an address that examined some of the lessons that can be learned from the crisis in today’s world financial market. In both the private and public sectors, Nsouli advises taking a harder look at the risk management sector. For […]

What are Real Options?

Real options are the flexibilities that are inherent in general business or other decision situations. In general, a real option is present in any decision situation involving a decision-chance-decision sequence; the possibility to (at the second decision) select from a range of different decision possibilities after the occurrence of the chance event may alter the […]