Perilous market (How to deal with financial crisis)

Author: (USA) Barton, (USA) Newell, (USA) Wilson, translated by Xu Zhihong et al.
Publisher:
Publish Date: 2005-11-01
Features: In today's increasingly globalized financial world, the impact of financial crises can be profound—disintegration of the entire financial system, widespread corporate bankruptcies, rising government debt, surging unemployment, and often heightened social unrest. Due to these reasons and many others, losses resulting from poorly managed 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 addresses 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 financial crises, this book is your go-to crisis management guide. Market on Edge is written from a practical perspective, grounded in McKinsey & Company's extensive client work and global research, and incorporates the real-world crisis management experience of Dominic Barton, Roberto Newell, and Gregory Wilson. Through the study of real 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 empirically validated 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 a breakthrough strategy to seize unique development opportunities;
- Manage the specific risks of the banking sector through proactive bank restructuring and outstanding non-performing loan recovery;
- Develop market-oriented new standards and safety measures to prevent crises, mitigate their impact, and build a brighter future.
As long as long-term planning is integrated with strategic decision-making, predicting and managing financial crises is achievable. Market on Edge—How to Respond to Financial Crises offers valuable insights and recent domestic and international case studies, serving as a flexible roadmap with practical methods and actionable strategies. Financial crises are merciless and sometimes unavoidable. Many individuals, institutions, and governments were unprepared in events like the 1997 Asian financial crisis or the 1998 Russian debt crisis. Don’t get caught in the whirlpool of the next financial crisis. Carefully study Market on Edge—How to Respond to Financial Crises, and prepare to actively confront financial crises rather than passively wait.