The framework for pre-empting systemic financial risks - V.K.Sharma

......As someone has famously said, what you cannot see, you cannot measure and what you cannot measure, you cannot manage. For such is the insidiousness of risk that its under-pricing is perceived as low, or no risk, and, therefore, policymakers, regulators, supervisors, economic agents, including banks, business and industry, are caught unawares and blind-sided when risk suddenly eventuates..........

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