Peter Bernstein is founder and president of Peter L. Bernstein, Inc., a global economic consultancy started in 1973. He has written nine books on risk management and finance, including Against the Gods: The Remarkable Story of Risk and Capital Ideas.
What is risk management all about anyway? We use the words as though everybody understands what we are talking about. But life is not that simple.
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New research from the McKinsey Global Institute suggests that the forces fueling growth in financial markets have changed.
Zhou Xiaochuan, China's central bank governor, calls for a new world currency, in a March 2009 speech.