Dangerous Markets: Managing in Financial Crises

Financial crises are hardly limited to the purview of central bankers and regulators. The authors skillfully demonstrate that financial crises offer both peril and promise. A 'must-read' for top management of any global company, whether a financial or a nonfinancial institution. --Ronald P. O'Hanley, Vice Chairman, Mellon Financial Corp.

"Based on their vast experience in financial crises around the world during recent years, the authors have developed an impressive review of the origins of and solutions to financial crises. The cost of such crises can be minimized and the path to recovery established earlier if bankers, other corporate executives, and public finance officials take advantage of this effort and apply the lessons learned from their significant work." --Charles H. Dallara, Managing Director, Institute of International Finance, Inc.

"Dangerous Markets is a 'must-read' in the current global environment for all serious investors and senior executives. The McKinsey authors bring a unique practitioners' perspective to the challenges of anticipating, managing, and succeeding in financial crises, and close with an intriguing call for leading private sector players to s tep up their role in promoting new market standards and structures to help avoid future financial crises and minimize their potential impact." --Robert R. Glauber, Chairman and CEO, NASD; former Under Secretary of the U.S. Treasury Department and former Harvard Business School professor

Don't get caught off-guard by the next financial crisis. Pick up Dangerous Markets and be prepared to act, rather than react.