Assessing Strategic Risks through Stress Testing

Dimitris N. Chorafas

Chapter 8 in Alternative Investments and the Mismanagement of Risk, 2003, pp 185-214 from Palgrave Macmillan

Abstract: Abstract In the background of the attention being paid by governments, economists, and financial analysts to macroeconomics lies the fact that debt, consumption, and productive power correlate. Sometimes debt is used to increase the productive capacity of a company, of an industry, or of a nation, but in other cases, money connected to leverage filters mostly into consumption and from their inflation. Productive investments have a longer term return. But debt incurred to cover shortfalls in income has only a very short-term aftermath.

Keywords: Stress Test; Institutional Investor; Credit Risk; Hedge Fund; Market Risk (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50894-1_8

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DOI: 10.1057/9780230508941_8

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