I Part Eight: Risk Management
25/06/2021
ife is punctuated by unforeseen and unforeseeable shocks. Wars, banking and currency crises, political upheavals, pandemics, and natural catastrophes such as earthquakes and floods can all cause severe economic disruption. For example, if you want to make your hair stand on end, look at Table 26.1, which lists some of the greatest macroeconomic disasters