麻省理工投资学讲义(MIT)_ Risk Management.pdfVIP

15.433 INVESTMENTS Class 16: Risk Management Spring 2003 Introduction The recent, notable increase in focus on financial risks can be traced in part to the concerns of regulatory and investors about risk exposure of financial institutions through their large positions in OTC derivatives. The dramatic increase in the availability and usage of derivative products can be traced to several developments: • 1. Because of the rapid improvement in financial modelling and com­ puter systems, complex derivatives ca