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What is risk?

What do modern views of finance tell us about risk? Prof Pasquale Scaramozzino explains how risk affects financial and non-financial institutions.

We face risk whenever we cannot be certain of the outcome of our actions.

But what are the different types of risk that firms may face? And how does risk affect financial and non-financial institutions? Lead Educator Pasquale Scaramozzino explains.

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Risk Management in the Global Economy

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