Managing Risk in Turbulent Times18 February 2009
Economists around the world agree that current turbulent times are almost unprecedented. Not since the 1930s has the global business-confidence levels been so shaken.
Despite the extensive central bank interventions, the way the governments are supporting giant corporations around the world, financially and otherwise, has been without a parallel — massive bailouts are being offered especially where large public exposure is involved as owners, financiers or even employees.
Interest rates have been cut repeatedly to stimulate risk taking and kick-start economic activity, and have reached their lowest levels in living memory of CEOs.
Managing Risk in Turbulent Times