Financial Management Under Uncertainty: An Introduction

The financial system is in a polycrisis. Policymakers are therefore faced with two challenges. On the one hand, new instruments and concepts must be developed to find a suitable response to these complex challenges. On the other hand, experience must be gathered on how to react to these crises with due regard to social and societal upheavals. This book attempts to find answers to these questions by means of various case studies and topics. The book is divided into two main parts. Part I “Financial Management Under Uncertainty: Corporates” deals with these aspects at the corporate level. Part II “Financial Management Under Uncertainty: Markets” deals with these aspects at the level of markets as well as government and private households.