Implementing Value at Risk

Philip Best

ISBN 10: 0471972053 / ISBN 13: 9780471972051

Verlag: Wiley January 1999, 1999

Beschreibung

used hardcover in a dust jacket. jacket is slightly worn about the edges, but with no tears and not price clipped. pages and binding are clean, straight and tight. there are no marks to the text or other serious flaws.

Bestandsnummer des Verkäufers 1321415

Bibliografische Details

• Titel: Implementing Value at Risk
• Verlag: Wiley January 1999
• Veröffentlichungsdatum: 1999
• Sprache: Englisch
• ISBN-10: 0471972053
• ISBN-13: 9780471972051
• Bindung: Hardcover
• Zustand: VG
• Zustand des Schutzumschlags: Very Good
• Verkäuferkataloge:
  • business

Über diesen Titel

Inhaltsangabe

Implementing Value at Risk Philip Best Value at Risk (VAR) is an estimate of the potential loss on a trading or investment portfolio. Its use has swept the banking world and is now accepted as an essential tool in any risk manager's briefcase. Perhaps the greatest strength of VAR is that it can cope with virtually all financial products, from simple securities through to complex exotic derivatives. This allows the risk taken, across diverse trading activities, to be compared. This said, VAR is no panacea. It is as critical to understand when the use of VAR is inappropriate as it is to understand the value VAR can add to a bank's understanding and control of its risks. This book aims to explain how VAR can be used as an integral part of a risk and business management framework, rather than as a stand-alone tool. The objectives of this book are to explain: What VAR is - and isn't! How to calculate VAR - the three main methods Why stress testing is needed to complement VAR How to make stress testing effective How to use VAR and stress testing to manage risk How to use VAR to improve a bank's performance VAR as a regulatory measure of risk and capital Risk management practitioners, general bank managers, consultants and students of finance and risk management will find this book, and the software package included, an invaluable addition to their library. Finance/Investment

Über die Autorin bzw. den Autor

Philip Best is the author of Implementing Value at Risk, published by Wiley.