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In hoping this text is of interest and help in assessing and understanding liquidity risk, my first and greatest debt of gratitude goes to Werner Coetzee, Executive Commissioning Editor at Wiley, for suggesting and inspiring me to write it, but mostly for holding me to completing it when my first son's arrival kindly changed my private life and free time. A special mention is also owed to Carlo Magnani for his previous support and contribution. Lastly, I want to mention the many people over these difficult past years that have worked together with me on liquidity risk and deserve to be mentioned, without order or priority: Gianni Capezzuoli, Mario Prodi, Elena Conserva and Attilio Napoli.

The opinions and indications presented in this book are those of its author and do not represent that of UniCredit Group.