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  • Keys Quotes   124
  • The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions... Derivatives have permitted the unbundling of financial risks.
  • 4 years ago



    Tags : Alan Greenspan Quotes , Keys Quotes , Risk Quotes
  • Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank... need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path. They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
  • 4 years ago



    Tags : Alan Greenspan Quotes , Keys Quotes , Incomplete Knowledge Quotes