Risk Economics and Finance Web Sites

Since 1989, Algorithmics software has helped transform the way banks, asset managers, and corporations measure their risk and manage their capital. The company develops and markets enterprise risk management solutions that address the ever-increasing complexity in financial markets and growing regulatory pressures. At the heart of Algorithmics risk management software, Algo Suite Solutions, is a new approach to risk management called Mark-to-Future™, the first truly forward-looking risk/reward framework that allows many different outcomes between the present and some future time horizon to be considered and provides a more realistic assessment of long-term risk. (Posted August 2000.)

http://www.algorithmics.com/

"Assessing the Risk"
Chapter 2 of Investment Strategies for the 21st Century

by Frank Armstrong, a portfolio manager and investment counselor. For full table of contents, see Investment Strategies for the 21st Century. This publication claims to be the first investment book ever published on the Internet. (Posted February 1996; updated October 1999.)

http://www.fee-only-advisor.com/book/ch2/ch2.html

Benefits and Risks of Derivatives: An Economic Perspective

by Rajna Gibson and Heinz Zimmermann, Université de Lausanne and Hochschule St. Gallen Switzerland. This paper discusses the economic benefits associated with the issuance and trading of derivative instruments. The authors summarize in 11 propositions the main policies and actions that the financial community should pursue in order to guarantee that the richness of the economic functions provided by derivative products without threatening the stability of the financial system. (Posted February 1996.)

http://finance.wat.ch/GenevaPapers/paper1.htm

Books on Business and Corporate Risks

Browse RiskWorld's listing of books on business and corporate risks that can be ordered on-line. An overview of each book is provided for most titles.

Books on Financial and Investment Risks

Browse RiskWorld's listing of books on financial and investment risks that can be ordered on-line. An overview of each book is provided for most titles.

Business & Economics Society International

B&ESI aspires to serve as a medium of open discussion for everyone interested in business and economics problems; to facilitate communication between business and economics practitioners and academicians as they pursue excellence in practice, teaching, and research; and to promote the disciplines of business and economics as fields of study. Its web provides information about the society's annual meeting and links to business and economics resources. (Posted March 2000.)

http://www.assumption.edu/html/faculty/kantar/missb1.html

Business Forecasting

For several decades now, business researchers have been applying methods and insights from statistics, economics, psychology, and related disciplines to assess what we can reasonably expect to predict about the future and to enhance the accuracy with which we do so. This site provides access to a growing body of material on forecasting and includes a web page for the International Institute of Forecasters (http://forecasting.cwru.edu/institute.html), which seeks to stimulate the generation, distribution, and use of knowledge on forecasting. (Posted February 1996; updated October 1999.)

http://forecasting.cwru.edu/

College of Insurance

The College of Insurance, located in New York City, offers insurance education in actuarial science, risk management, and financial management for graduate and undergraduate students. (Posted October 1999.)

http://www.tci.edu/

Derivatives: Too Hot for Municipalities to Handle

by J. Kenneth Blackwell, treasurer of the State of Ohio, in remarks he presented to the Jerome Levy Economics Institute of Bard College in Ananndale-on-Hudson, New York, on April 11, 1996. It appeared in the August/September 1996 issue of Executive Speeches journal and is listed as speech 5607 in The Executive Speaker Library. (Posted October 1999.)

http://executive-speaker.com/spch0009.html

eRisks.com

Enterprise Risk Solutions (ERS), a subsidiary of the financial services consulting firm Oliver, Wyman & Company, has launched eRisks.com, the first integrated online resource for risk management professionals. The web site provides an array of information and analytical service, such as education, case studies, trends, tools, news, benchmarks and best practices. Beginning in the year 2000, many of the site's features will be available by subscription only. (Posted October 1999.)

http://www.erisks.com/

FinanceWise

The first search engine to focus specifically on financial-only content, FinanceWise indexes in depth sites of interest to the financial world, including topics from risk management to syndicated finance and equities. An editorial staff evaluates the contents of each site before including it in FinanceWise's search index.

FinanceWise now includes special reports on Risk Management, the Euro, and Latin America, which are definitive on-line collections of guides and resources on banking and finance issues that include comprehensive list of links, sites, and newsgroups, along with glossaries and articles. (Posted January 2000.)

http://www.financewise.com/

Finance Resources
compiled by rmis.com Resource Library

The Risk Management Internet Services (rmis.com) library provides desktop access to thousands of reference materials for professionals in the fields of risk management, human resources, occupational and environmental medicine, insurance, safety and health. Listings are open for browsing, but a subscription is required to access the links. (Posted October 1999.)

http://www.rmis.com/cd/cdfin.htm

Financial Industry Solutions Center (FISC) New York

FISC, a joint venture of SGI and Cornell University, addresses the challenges faced by financial services companies in risk management, financial engineering, and business intelligence. The center provides a secure, consultative environment to develop and test advanced solutions with leading practitioners and prominent academicians, which includes solving the most challenging computational and data analysis problems and offering hands-on evaluation and testing of technologies, customized solutions, and onsite consultation for software optimization. The center also publishes financial research reports and offers workshops (for a fee) and a free financial seminar series. (Posted October 2000.)

http://www.fisc-ny.com/

FNX Limited

Financial markets solutions company FNX Limited has delivered state-of-the-art trading, accounting, risk management, and G/L processing solutions to the global financial community since 1992. Headquartered in Philadelphia, PA, with support offices in New York, London, Hong Kong, Bangkok, and Tokyo, they can provide continuous support to their clients, many of whom rely on the company's Sierra software suite around the clock. FNX's portfolio includes Internet distributed trading, customer management or information tools FX, FXO, derivatives, commodities, fixed income or structured products applications; real-time, global risk limits and P&L solutions; or robust, high volume back office/GL tools. Contact FNX Limited, The Millenium Complex, 225 Washington Street, Suite 300, Conshohocken, PA 19428, USA; telephone (484) 530-4400; fax (484) 530-0343; e-mail info@fnx.com. (Posted February 2001; updated March 2004.)

http://www.fnx.com/

Global Association of Risk Professionals

GARP, a not-for-profit, independent organization of financial risk management practitioners and researchers, was founded by a group of risk managers from banks who felt that the financial risk management profession should extend beyond the risk control departments of financial institutions. GARP serves its members by facilitating the exchange of information, developing educational programs, and promoting standards in the area of financial risk management. Membership in GARP is free. (Posted January 2000.)

http://www.garp.com/

Global Risk Assessments Inc.

Global Risk Assessments Inc. is an international business information and intelligence service company providing research, consulting, publishing, and training in international business environment assessment, political risk assessment and management, and investment and trade risk analysis. The company is a global network of practitioners, researchers, and scholars headed by Jerry Rogers, a former U.S. Air Force intelligence officer. (Posted December 6, 1996.)

http://www.grai.com/

IFCI Risk Watch

International Finance and Commodities Institute, based in Geneva, Switzerland, produced this on-line introduction and guide to the most important official documents in the area of financial risk management. This web provides an overview of the main issues in risk management in Introduction to Risk Management, a framework for understanding risk in financial markets in Key Risk Concepts, carefully selected regulatory documents going back to 1988 in Risk Library, a searchable Document Index, a Glossary of some 3,000 risk-related terms, and a Search tool for locating key words in all texts on the web site. (Posted February 2000.)

http://risk.ifci.ch/

Knowledge Digest

This online source for original content and links to business intelligence on the World Wide Web serves the risk assessment and risk management needs of life insurance professionals and the financial services industry. The digest provides the insurance industry easy access to information that includes legislative initiatives, technological advances, and product developments. Also see news release. (Posted June 2000.)

http://www.knowledgedigest.com/

Mynd Corporation

For more than 25 years, Mynd has provided technology solutions to the insurance and financial services industries: from mainframe to client/server to e-business applications and web-based systems. Its solutions include the RISKMASTER software family for risk management claims; RISKMASTER/World™, a Windows-based risk management information system, and its new browser-based system RISKMASTER.net™; and Global Risk Systems, a tool for implementing and optimizing business risk strategies that covers traditional insurance and loss data, as well as enterprise risk management data. Contact Mynd's corporate headquarters at P.O. Box Ten, Columbia, SC 29202, USA, telephone (803) 333-4000, or at numerous locations worldwide. (Posted October 2000.)

http://www.mynd.com/

NetEc (in United Kingdom, USA, or Japan)

NetEc is an international academic effort to improve the communication of economics via electronic media. Its searchable databases include BibEc, information on printed working papers; WoPEc, data about electronic working papers; CodEc, a collection of computer programs of interest to economists and econometricians; and WebEc, free economics resources available on the World Wide Web. NetEc's search tool will query one or more of the databases. (Posted March 2000.)

http://netec.mcc.ac.uk/ (UK); http://netec.wustl.edu/ (USA); http://netec.ier.hit-u.ac.jp/ (Japan)

New York Institute of Finance Bookstore

New York Institute of Finance's searchable, on-line bookstore offers more than 300 financial training publications, including titles such as Managing Financial Risk, Handbook of Financial Analysis, Forecasting, and Modeling,and Managing Derivative Risk. In addition to courses and seminars taught at the institute, NYIF offers a full line of text-based, self-study courses. (Posted February 1996; updated October 1999.)

http://www.nyif.com/bookstore/

Office of Risk Assessment and Cost-Benefit Analysis
in U.S. Department of Agriculture's Office of the Chief
Economist

The Federal Crop Insurance Reform and Department of Agriculture Reorganization Act of 1994 established ORACBA, which began operation on April 15, 1995. The office's primary role is to ensure that major regulations proposed by USDA--those concerning human, health, safety, or the environment and having an annual economic impact of at least $100 million (1994 dollars)--are based on sound scientific and economic analysis. For such regulations, the Reorganization Act requires USDA to conduct a thorough analysis that makes clear the nature of the risk, alternative ways of reducing it, the reasoning that justifies the proposed rule, and a comparison of the likely costs and benefits of reducing the risk. The office publishes a quarterly newsletter for risk assessment professionals, ORACBA News, which is available on line. (Posted May 2000.)

http://www.usda.gov/agency/oce/oracba/

RMA - The Risk Management Association

This trade association promotes effective and prudent risk management best practice for institutions of all sizes across the entire financial services industry. It also specializes in lending and credit risk information, research, and training. Founded in 1914, RMA was Robert Morris Associates until its name change in July 2000 (see press release). (Posted March 2000; updated July 2000.)

http://www.rmahq.org/

Regional Economic Impact Analysis and Project Evaluation

by H. Craig Davis, a professor in the department of community and regional planning at the University of British Columbia. The book provides a non-technical introduction to the fundamental principles and techniques of regional impact and evaluation analyses, including sections on cost-benefit analysis including risk adjustments. A brief summary is provided at University of British Columbia Press web site. (Posted February 1996; updated October 1999.)

http://www.ubcpress.ubc.ca/subject/slst007.htm#7_1225

Risk Publications

Established in 1987 with the launch of Risk magazine, Risk Publications now provides the financial sector with accurate analysis and technical commentary on all industry developments in a digestible, unbiased format through a range of specialist magazines, journals, books, guides, directories, conferences, and training courses covering risk management, computational finance, credit, energy and power, the emerging markets, and Europe’s capital markets. With the company's acquisition of the Waters Information Services' products and services in 1999, Risk Publications also includes magazine and newsletter titles, news, data and research services, and conferences and exhibitions for the global financial technology sector. The company's web offers some information for free, such as the financial search engine FinanceWise (registration required) and RiskNews, daily news for the derivatives and risk management professional. (Posted May 2000.)

http://www.riskpublications.com/

The RiskMetrics Group

The RiskMetrics Group (RMG) is the world's leading provider of risk management research, data, software, and education. RMG is responsible for the creation and support of bench-mark risk management products including RiskMetrics, CreditMetrics, DataMetrics, and now, CorporateMetrics. Formerly the Risk Management Products and Research group at J.P. Morgan, RMG delivers risk management technology to over 5,000 institutions around the world. (Posted February 1996; updated October 1999.)

http://www.riskmetrics.com/

Resources for Economists on the Internet (RFE)

The American Economic Association sponsors this searchable guide that lists more than 1,000 resources on the Internet of interest to academic and practicing economists, and those interested in economics. A search for "risk" currently yields nine listings. (Posted March 2000.)

http://rfe.org/

Search for "Risk" at the Merrill Lynch Web Site

As one would expect, Merrill Lynch provides considerable financial news and information. A search tool at the site yields a number of pages about risk. (Posted February 1996; updated October 1999.)

http://search.ml.com/search.asp?ct=extglobal&q1=risk

SunGard Energy Systems

A member of SunGard's information technology solutions for financial services, SunGard Energy Systems provides software solutions, professional services, and customer support to the energy industry. Its products include Epsilon™, a suite of software products for managing risks associated with energy trading and operations, and Panorama Energy, which enables the capture and risk management of energy based commodities. SunGard Energy Systems' Professional Service Group provides process engineering consulting, risk management, and trading consulting to the energy trading and utilities industries. (Posted July 2000.)

http://www.sungardenergy.com/

SunGard Trading and Risk Systems (formerly Infinity)

This member of SunGard--a leader in information technology solutions for financial services--provides enterprise-wide financial trading and risk management solutions, including asset liability management and financial planning and forecasting. The company's product portfolio includes Panorama™, an enterprise solution for market, credit, and operational risk and Opus®, an advanced interest rate derivative trading and risk management solution. (Posted February 2000; updated July 2000.)

http://www.risk.sungard.com/

Treasury & Risk Management

The web site of this hands-on publication for treasury management and authoritative guide to the best in professional practice provides access to a searchable archives of its past and recent articles. The publication covers topics such as classic cash management, financial strategy, risk, regulation, foreign trade, compensation and pensions and cutting-edge issues, including electronic commerce, derivatives, and international alliances. The web site includes TRMTechGuide, a guide to buying treasury technology. (Posted September 2000.)

http://www.treasuryandrisk.com/

University of British Columbia Press Economics Publications

Publications on economics and public policy at the University of British Columbia Press. Subjects include: agricultural trade; sustainable development; and investment, development, and trade. (Posted February 1996; updated October 1999.)

http://www.ubcpress.ubc.ca/subject/slst006.htm

Value at Risk Resources

Value at Risk is an online collection of resources for financial risk management that houses an extensive library of downloadable research, including both published and working papers. Also available are guides to best practices, information about conferences, and listings of regulatory documents, consultants, software, and books. A discussion forum on value at risk also is accessible at this web site.

http://www.gloriamundi.org/

Weather Trading Made Easy

by Craig Solberg of the Trade Winds Newsletter. This special report provides an introductory discussion of using commodity futures and options to trade in weather-related markets that includes a discussion of risk-reward criteria. It is available to newsletter subscribers or by filling out a survey form on the Trade Winds web site. (Posted February 1996; updated October 1999.)

http://www.advection.weather.net/forms/survey.html

World Investment Directory

The United Nations Conference on Trade and Development has launched an online version of the World Investment Directory, which provides quick electronic access to comprehensive statistics on foreign direct investment (FDI) in a country. The directory comprises detailed statistics on flows, stocks, and transnational corporation (TNC) operations, desaggregated by components, industry, and investor/recipient country. A news release provides more information. (Posted February 2003.)

http://r0.unctad.org/en/subsites/dite/fdistats_files/WID.htm

"Assessing the Risk" Chapter 2 of Investment Strategies for the 21st Century

Finance Resources compiled by rmis.com Resource Library

NetEc (in United Kingdom, USA, or Japan)

Office of Risk Assessment and Cost-Benefit Analysis in U.S. Department of Agriculture's Office of the Chief Economist

SunGard Trading and Risk Systems (formerly Infinity)

"Assessing the Risk"
Chapter 2 of Investment Strategies for the 21st Century

Finance Resources
compiled by rmis.com Resource Library

Office of Risk Assessment and Cost-Benefit Analysis
in U.S. Department of Agriculture's Office of the Chief
Economist