Some New Types of Risk on the Financial Markets

• Autorzy: Krzysztof Jajuga
• Języki publikacji: EN

Abstrakty

EN

Risk analysis and management are very important tasks in modern finance. In the recent years one could see the development of many methods of risk management and risk measurement. This refers first of all to two main types of risk, namely market risk (this is risk due to the changes of prices on the financial market) and credit risk (this is risk due to the possibility that the counterparty will not make contractual payments). On the other hand, recently new types of risk emerged, the remarks on which we present in this paper. Among these new types of risk are:
- weather risk (risk resulting from unexpected changes in temperature, unexpected amount of rainfall and snowfall etc.);
- catastrophe risk (risk resulting from the natural catastrophes, like earthquakes, hurricanes, floods);
- insurance risk (risk resulting from the unexpected claims of the insured entities);
- accounting risk (risk resulting from the misrepresentation in the financial statements);
- environmental risk (risk resulting from the unexpected events in the environment, like excessive pollution, ecological catastrophes);
- terrorism risk (risk resulting from terrorism attacks);
- sport risk (risk resulting from the unexpected outcomes of sport events leading to losses). (fragment of text)

Słowa kluczowe

EN

Financial markets; Risk; Weather risk; Risk measures

PL

Rynki finansowe; Ryzyko; Ryzyko pogodowe; Pomiar ryzyka

• Czasopismo: Prace Naukowe Akademii Ekonomicznej we Wrocławiu
• Rocznik: 2003
• Numer: nr 990 Inwestycje finansowe i ubezpieczenia - tendencje światowe a polski rynek
• Strony: 25--33

Twórcy

autor

Krzysztof Jajuga

• Wrocław University of Economics, Poland

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