The Evolution Of Financial Risk Management

Purpose: This paper aims to track the history of financial risk management and how this progress affected evolution management. In first part paper, we will look at is defined, concept management, transaction from philosophy culture. The second examines different models used in measurements, such as variance, covariance, standard deviation, value models. third part, Bretton Woods system, its effects on global after system studied. final cut, conclude present our recommendations for future studies. Methodology: theoretical research focus historical tools while measuring risk. finance field has evolved with crises, technological developments, globalization. While been growing, risks are managed, measured also changed. addition these changes, was introduced a new area called "blockchain" investment instruments cryptocurrencies. Practical Implications: investigates perspective argues that current insufficient project today's fully.