Financial Risks and Management

The recent attention to the situatedness and spatiality of finance has consequences for understanding financial risks. The focus on geofinance and financial ecologyrequires investigation in risk interdependences at all levels (individual, institutional, and systemic) and across different countries and cultures. Financial risks relate to financial intermediation, execution of payments, financial protection, supply of financial products, and smooth functioning of money. Perception and management of these risks can be distorted by behavioral biases, institutional risk cultures, and interconnectedness within global financial networks. Modern financial technologies such as FinTech, RegTech, blockchain, and digital currencies pose new challenges for risk management.