In december 1997 stress-testing by a us investment bank, Ask an Expert

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In December 1997, stress-testing by a U.S. investment bank showed that the firm could face severe losses should Russia default on its debt. The company reduced its exposure to Russia and purchased credit derivatives. Explain the concept of stress-testing. Do you think this strategy helped the company be unaffected by the Russian default which indeed happened in August 1998?

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Financial Management, Finance

Category:- Financial Management
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