Strategic Planning by International Banks to Cope with Uncertainty

  • Jack M. Guttentag
  • Richard J. Herring
  • Dietmar K. R. Klein
  • Lionel D. D. Price
  • Rainer S. Masera


This paper is a preliminary effort to develop principles and methods that will allow international banks to deal with uncertainty regarding major shocks. When a bank fails, or suffers enormous losses, it is often because it paid insufficient prior attention to a hazard that it might have avoided or mitigated. We believe the strategic planning function should include responsibility for anticipating and developing defensive strategies against such hazards. In this paper we consider how this can be done.


Interest Rate Central Bank Strategic Planning Country Risk Individual Bank 
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Copyright information

© Paolo Savona and George Sutija 1986

Authors and Affiliations

  • Jack M. Guttentag
    • 1
  • Richard J. Herring
    • 1
  • Dietmar K. R. Klein
  • Lionel D. D. Price
    • 2
  • Rainer S. Masera
    • 3
  1. 1.Wharton School of the University of PennsylvaniaUSA
  2. 2.Bank of EnglandUK
  3. 3.Research Department of the Bank of ItalyItaly

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