The Impact of Financial Risk The US Savings and Loan Industry

The best-known example of the effect of financial risk is the collapse of the once-thriving U.S. savings and loan, or S&L, industry. At one time, the S&L industry was relatively simple. S&Ls accepted short-term deposits, and they made long-term, fixed-rate

Applied Derivatives Trading is a web magazine covering derivatives and risk management (www.adtrading.com).

Ross et al.: Fundamentals I VIII. Topics in Corporate of Corporate Finance, Sixth Finance Edition, Alternate Edition

23. Risk Management: An Introduction to Financial Engineering

© The McGraw-Hill Companies, 2002

CHAPTER 23 Risk Management: An Introduction to Financial Engineering

Percentage Changes in Oil Prices: 1960-97

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