Dangerous Markets

Preface.Why Manage Financial Crises Proactively?Why We Wrote Dangerous Markets.Acknowledgments.CHAPTER 1: Introduction to Dangerous Markets.Financial Storms Are Destabilizing.Financial Crises Can Be Understood, Anticipated, Managed, and Prevented.What This Book Is and Is Not.Who Needs to Read Dangerous Markets?Part I: Understanding Financial Crises.Part II: Earning the Right to Win.Part III: Managing Unique Banking Risks.Part IV: Building for the Future.PART I: Understanding Financial Crises.CHAPTER 2: Recognizing New Global Market Realities.Increasing Risk of Financial Crises.Why Financial Crises Are on the Rise.You Can Run, But You Can't Hide From Crises.Looking Ahead.CHAPTER 3: Using Crisis Dynamics to See Growing Risks.The Chronology of a Crisis.The Dynamics of a Financial Crisis.The Corporate Sector: Assessing Value Destruction.The Financial Sector: Banks in Distress.Understanding the Impact of Macroeconomic Catalysts, Foreign Funding, and Asset Bubbles.Conclusions and Outlook for Future Crises.Appendix 3.1: Ten Warning Signs of a Financial Crisis.Appendix 3.2: Estimating Value Destruction in the Economy.Appendix 3.3: Why Corporate Sectors Underperform in Crisis Economies.PART II: Earning the Right to Win.CHAPTER 4: Managing the First Hundred Days.Taking Five Tactical Steps When a Crisis Hits.Developing a Crisis Management Approach.Managing the CEO Agenda.Appendix 4.1: Painting the Picture of a Financial Crisis.Appendix 4.2: How Companies Can Strengthen Funding Before a Crisis.Appendix 4.3: Using Scenario Planning in Financial Crises.CHAPTER 5: Capturing Strategic Opportunities After the Storm.Recognizing Significant Opportunities in a Crisis.Moving from Boundaries to Greater Degrees of Freedom.Executing Successfully to Capture Crisis Opportunities.Appendix 5.1: Leveraging Strategic Opportunities in Financial Crises: The Successful Story of NCNB.PART III: Managing Unique Banking Risks.CHAPTER 6: Driving Successful Bank Turnarounds.Ensuring Turnaround Success:

DOMINIC BARTON is a director with McKinsey & Company and managing partner of the Firm's Korea practice. He also is a leader in the Firm's financial institutions practice. Barton has advised the Korean Financial Supervisory Commission on restructuring their banking system as well as strategized with the Monetary Authority of Singapore. He led a major McKinsey study on how to transform companies into sustainably high performers and has led numerous studies for private and public sector clients in the financial sector. He holds an M. Phil. in economics from Oxford University, where he was a Rhodes Scholar, and a BA in economics from the University of British Columbia.

"an intriguing methodology to spot pre-crisis warning signs some practical solutions" (Financial Times, 30 December 2002)