Elements of Financial Risk Management
| Author | : | |
| Rating | : | 4.91 (664 Votes) |
| Asin | : | 0121742326 |
| Format Type | : | paperback |
| Number of Pages | : | 214 Pages |
| Publish Date | : | 2017-10-27 |
| Language | : | English |
DESCRIPTION:
This is a winner."--Tim Bollerslev, Duke University, Durham, North Carolina, U.S.A."A very useful risk management book, emphasizing the statistical modeling of market risk"--Philippe Jorion, University of California, Irvine, U.S.A."This is a book I and dozens of others wanted to write, and a book everyone in financial risk management will want to read. . It is rigorous yet immensely practical, unifying many threads from the past and pointing the way toward the future -- an instant classic."--Francis X. "Christoffersen offers a very readable, one-of-a-kind introduction to modern risk management and associated techniques for volatility and correlation modeling. Diebold, WP Carey Professor of Economics, Professor of Finance and Statistics, Department of Economics, University of Pennsylvania, U.S.A. The book strikes an excellent balance between mathematical rigor and intuition, and I would highly rec
Clear and concise The book has its materials laid out clearly with stated goals and conclusions to keep readers well focused. It gives a very concise yet clear explainations to the recent advancements in risk managment. The mathematics in this book isn't difficult for the beginners, ye. "Clear and concised! Great book" according to Chayawat Ornthanalai. The book has its materials laid out clearly with stated goals and conclusions to keep readers well focused. It gives a very concise yet amazingly clear explainations to the recent advancements in risk managment. The mathematics included in this book isn't difficult fo. Crisp and Practical. Attached Excel files are beautiful!! Yuji Yamazaki I actually learnt elements of risk management and derivatives in a graduate program using this book.Though I was a perfect amateur in this area, I could understand the essence without taking so much time. That was because this book is short and to the point. Additiona
This book will appeal to practitioners in the financial services and investment industries, as well as graduate students and advanced undergraduates who want exposure to these techniques.*Pinpoints key features of risk asset returns and captures them in tractable statistical models in the companion website *Presents step-by-step approaches as a means to solve problems *Visible patterns in the data motivate the choices of tools, and when tools fall short, it presents the next tool. Currently, more than eighty commercial vendors offer enterprise or trading risk management systems that provide VAR-like measures. Value-at-Risk has emerged as the standard tool for measuring and reporting financial market risk. Risk managers are therefore often left with the daunting task of having to choose from this plethora of risk measures. While basic VAR textbooks describe average VAR situations, the vast majority of these situations are abnormal. Elements of Financial Risk Management focuses on implementation, especially recent techniques which facilitate "bridging the gap" between standard textbooks on risk and real-life
Peter Christoffersen . By Dr