A corporate guide to crisis management in volatile financial markets Current financial crises in Argentina, Japan, and Turkey are being played out on the front pages of newspapers, and these are just the most recent financial crises that have rolled across the globe in the last decade and whose far-reaching impact hurts business around the world. Dangerous Markets: Managing in Financial Crises recognizes that no global corporation or financial institution can afford to ignore the potential of a financial storm and will help top management and financial professionals navigate through this often disastrous maze. While many books discuss financial crises and their ramifications, none has presented an action plan for managing these storms—until now. Dangerous Markets: Managing in Financial Crises presents a method that allows executives and financial professionals to recognize the warning signs of a financial crisis and act appropriately before the situation spirals out of control. Based on years of research and practice in cleaning up the mess, McKinsey consultants Barton, Newell, and Wilson reveal the warning signs of potential financial catastrophes and provide unique principles that can be followed to shape and manage a strategy for survival.

Emissions trading is central to the Government's efforts to reduce greenhouse gas emissions in the UK. This inquiry examines the prospects for a global carbon market and the implications of this for further development of the European Union Emissions Trading System (EU ETS). It reviews the impact and future prospects for the EU ETS in meeting the Government's twin objectives of reducing emissions at lowest cost and setting a carbon price that delivers investment in low-carbon technologies. The EU ETS has emissions caps set too high to force emitters to make the often costly investment decisions which would reduce emissions. The recession has only served to loosen what little constraint the cap provided. The carbon price has been too low to encourage the necessary investment in low-carbon processes and infrastructure. The cap mechanism therefore needs to be significantly tightened. This should be supported by cancelling 'new entrant reserve' allowances and auctioning as many allowances as possible, rather than giving them away for free (with the revenues possibly hypothecated to climate change measures). The Government should explore the possible use of a carbon tax. It should also encourage more use of allowance auctions with reserve prices, more use of incentives for low-carbon power generation and emissions performance standards for electricity generation. The emphasis should also be on harmonising the approach internationally, and on extending effective emissions trading systems. The Committee lists 19 conclusions and recommendations.

What are the real risks posed by a volcanic eruption near a city – what is fact and what is myth? How have volcanic eruptions affected cities in the past, and how can we learn from these events? Why do communities continue to develop in such locations, despite the obvious threat? In this fascinating book, Grant Heiken explores global examples of cities at risk from volcanoes, from Italy, the US, Mexico, Ecuador, The Philippines, Japan and New Zealand, providing historical and contemporary eruption case studies to illustrate volcanic hazards, and cities' efforts to respond to them, both good and poor. He shows that truly successful volcanic hazard mitigation cannot be accomplished without collaboration between experts in geology and natural hazards, public health, medicine, city and infrastructure planning, and civil protection. This is a topical and engaging read for anyone interested in the history and future activity of these dangerous neighbors.

How short sellers profit from disasters that afflict individuals, markets, and nations The Most Dangerous Trade serves up tales from the dark side of the world marketplace to reveal how traders profit from the failure and, often, the financial ruin of others. In this book Richard Teitelbaum profiles more than a dozen short sellers to reveal how they employ the tactics, strategies, and various styles to zero in on their target, get the needed financing, and see their investment through to its ultimate conclusion. The short sellers profiled will include stories of both their successful investments as well as their disastrous ventures. The book will examine the different styles, strategies, and tactics utilized, looking at how each short seller researches his or her targets, obtains financing, puts on a trade, and sees the investment through to fruition—or failure. With the appeal of a well-written adventure novel, The Most Dangerous Trade reveals how these investors seek publicity to help drive down a stock and shows the often bitter and controversial battles that ensue. Includes profiles of well-know short sellers such as Jim Chanos, Steve Eisman, Manuel Ascencio, Doug Kass, and many more Discover how short sellers make the "puts" that make them billions Uncover the short selling controversies that make headlines Written by award-winning journalist Richard Teitelbaum Discover what motivates investors who wager against the stock market and how they often profit from the misery of others.

Illicit trade in counterfeit goods causes economic damage by reducing sales and profits as well as innovation incentives in legitimate industries. This study presents detailed information on the value of counterfeit trade in such dangerous fake goods, analyses changes in the volumes and composition of the goods, and maps key trade routes.

The most controversial essays from the bestselling author once called the most dangerous man in America—collected for the first time. The nation’s most-cited legal scholar who for decades has been at the forefront of applied behavioral economics, and the bestselling author of Nudge and Simpler, Cass Sunstein is one of the world’s most innovative thinkers in the academy and the world of practical politics. In the years leading up to his confirmation as the administrator of the White House Office of Information and Regulatory Affairs (OIRA), Sunstein published hundreds of articles on everything from same-sex marriage to cost-benefit analysis. Conspiracy Theories and Other Dangerous Ideas is a collection of his most famous, insightful, relevant, and inflammatory pieces. Within these pages you will learn: • Why perfectly rational people sometimes believe crazy conspiracy theories • What wealthy countries should and should not do about climate change • Why governments should allow same-sex marriage, and what the “right to marry” is all about • Why animals have rights (and what that means) • Why we “misfear,” meaning get scared when we should be unconcerned and are unconcerned when we should get scared • What kinds of losses make us miserable, and what kinds of losses are absolutely fine • How to find the balance between religious freedom and gender equality • And much more... Cass Sunstein is a unique, controversial, and exciting voice in the political world. A man who cuts through the fog of left vs. right arguments and offers logical, evidence-based, and often surprising solutions to today’s most challenging questions.

Friedman and McNeill draw on recent research in evolutionary game theory and behavioral economics to explore the relationship between our moral codes and our market systems. They show how imbalance between morals and markets is at the root of the recent corporate scandals in the US as well as the global financial crisis the world continues to face.