Perilous Markets: How to Deal with Financial Crises

Author: Dominic Barton
Publisher:
Publish Date: 2005-11-01
Features: In today's increasingly globalized financial world, the impact of a financial crisis can be profound—it can shatter the entire financial system, lead to the bankruptcy of companies, cause government debt to rise, trigger a surge in unemployment, and often exacerbate social unrest. For these reasons and many others, the losses resulting from the lack of management of financial crises have become unbearable for shareholders and society. The reality no longer allows investors, CEOs, senior executives, or even governments to maintain a wait-and-see attitude; they must actively manage financial crises to successfully navigate these stormy periods. Market on Edge—How to Respond to Financial Crises comprehensively outlines the unique challenges posed by financial crises. Whether you are an investor seeking to avoid losses, a manager responsible for corporate operations, or a public sector official involved in a financial crisis, this book is your go-to crisis management guide. Market on Edge is written from a practical perspective, grounded in the extensive client work and global research of McKinsey & Company, and incorporates the real-world crisis management experience of three experts: Dominic Barton, Roberto Newell, and Gregory Wilson. Through the study of real-world cases and professional analysis, the book will teach you how to predict and manage financial crises and how to rise above the chaos. Market on Edge—How to Respond to Financial Crises is divided into four equally informative parts, covering a wide range of topics related to financial crises and providing time-tested advice for many potentially dangerous scenarios. You will learn the following:
- Fully understand the risks of crises in the global economy and learn to spot early warning signals in advance;
- Actively implement tactics needed to survive in the first 100 days of a crisis and design breakthrough strategies to seize unique development opportunities;
- Manage the specific risks of the banking sector through proactive bank restructuring and excellent non-performing loan recovery;
- Develop market-oriented new standards and safety measures to prevent crises, reduce their impact, and suggest a brighter future.
As long as you combine long-term planning with strategic decision-making, predicting and managing financial crises is achievable. Market on Edge—How to Respond to Financial Crises provides valuable insights and recent domestic and international case studies, serving as a flexible roadmap with practical methods and actionable strategies. Financial crises are ruthless and sometimes unavoidable. Many individuals, institutions, and governments were caught off guard by events like the 1997 Asian financial crisis or the 1998 Russian debt crisis. Don’t be caught in the whirlwind of the next financial crisis. Carefully study Market on Edge—How to Respond to Financial Crises, and be fully prepared to take proactive measures rather than wait passively.