• Yes, I have gone through your article, it helped me a lot on this topic. Well done and thanks for your efforts

  • It is not clear what to read.

    However, for what it is worth, I have written a little about the problems and benefits of having a single currency region. Is that relevant to this discussion. In this case is it proposed that the whole world should be a single currency region?

    Here is an extract from my draft book:

    Single currency regions, not just in Europe but everywhere, even quite small ones like the UK, tend to find that people leave the hard hit areas and move to the prosperous cities where houses cost far more and continue to rise as the population shifts. Not everyone can buy a home there. The rents are high and when they get that job which they could not get back home, they struggle to make a living. They become economic slaves.


    What they leave behind is a poverty stricken area and the house they once owned and loved has little value. Infrastructure that cost billions to create back home falls into decay. It could have continued to function and be useful. No need to build more infrastructure elsewhere. No need to destroy families and old-friend relationships – no longer seeing the ones you know living around the corner. Now you are a stranger living in a foreign culture. The local population is not friendly – social strife can emerge. Loneliness can rise. A recent report claims that mental stress knocks over 3% p.a. off Europe’s GDP.[1]


    Why would a government join a financial community like Europe in which they are unable to adjust the costs of things (the value of the currency) and as a result, lose their best people and see their tax revenues emigrate? A single currency can help businesses greatly. It simplifies everything. So a solution is needed.


    Well the solution does not seem to be very near to hand right now, does it?

    America tries but Detroit is still half wasted.

    In Europe everyone is migrating to Germany.

    In the UK Scotland argued for having its own currency. The North of England might also have a case.

    My draft book can be found (in part) here:

    [1] GDP means Gross Domestic Product and actually means the total income earned by a whole nation or in this case, Europe.

    THE BOOK Draft 171
    It has proved very difficult to write this book. I have re-started many times. This was only one attempt. The problem is trying to...
  • Daft as a bunch of Euros.
This reply was deleted.

[Free COVID-19 Framework] What's the path to recovery look like?

We created a free presentation (attached), which discusses both global and organizational impacts of the COVID-19 pandemic, along with critical actions organizations should take immediately. This presentation introduces a framework that helps regions and organizations navigate a path to recovery via 9 potential scenarios. These scenarios capture outcomes related to GDP impact, public health response, and economic policies. The presentation also breaks down 6 immediate and critical actions…

Read more…
3 Replies · Reply by Boris Agranovich Jan 2
Views: 66

If risk management is about decision making, are current risk management solutions irrelevant?

Now that the updated COSO and ISO risk management standards emphasize a connection to enterprise objectives and decision making, does this mean ERM and GRC solutions focused on risk registers and regulatory compliance are missing the true value of risk management?Will current risk management solutions evolve to integrate more decision support functionality or will standalone prescriptive analytics and other technology solutions take a more prominent role in enabling risk-informed…

Read more…
3 Replies
Views: 41

A question related to classification of instruments between trading and banking book.

We have an interesting question from one of our members.       "We usually perform OTC FX transactions with clients backed-to-back on the market (with Banks). Now we are going to perform a FX swap (i.e. Spot + forward) JPY/EUR for the Bank account for 1 week at the longest. The purpose is to get EUR place @ CB for LCR compliance purpose (no trading purposes). Bank's Management think that this should be considered as a trading position and therefore be classified within the Bank's trading book.…

Read more…
4 Replies
Views: 101

Plunging oil prices: curse or blessing in disguise?

The recent sudden crash of oil prices has had a major impact on the world economy, leading to many troubled faces in the international arena. The Russians fear the effects of yet another powerful hit on their economy, Venezuela seems to be considering default and the Americans are weary of the consequences for its young and emerging shale oil industry. And then you have the Middle East, where the smallest match is enough to ignite the largest fire. But are these worries really justified or…

Read more…
1 Reply
Views: 16

Introducing the Global Risk Series - Book 1 Risk Management How Tos

Dear GlobalRisk Community member, Our community’s mission is to foster business, networking and educational explorations among members. Learn from some of the top experts in the industry as they clearly explain how to approach the most important Risk management concepts. Check out their expert tips and use the link at the end of each article to navigate back to the website to leave your comment or ask a question. Some of the topics include: How do you Explain Risk Appetite?  How to Prepare a…

Read more…
12 Replies
Views: 192

    About Us

    The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!