Understanding Risk: The Theory and Practice of Financial Risk Management

Murphy, David

ISBN 10: 1584888938 / ISBN 13: 9781584888932

Verlag: CRC Press, 2008

May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less 1.8. Bestandsnummer des Verkäufers G1584888938I4N00

Inhaltsangabe:

Sound risk management often involves a combination of both mathematical and practical aspects. Taking this into account, Understanding Risk: The Theory and Practice of Financial Risk Management explains how to understand financial risk and how the severity and frequency of losses can be controlled. It combines a quantitative approach with a more informal style, giving readers a blend of analysis and intuition.

Divided into four parts, the book begins by introducing the basics of risk management and the behavior of financial instruments. The next section focuses on regulatory capital standards and models, addressing value-at-risk (VaR) models, portfolio credit risk, tranching, operational risk, and the Basel accords. The author then deals with asset/liability management (ALM) and liquidity management. The last part explores structured finance and a variety of new trading instruments, including inflation-linked products, sophisticated equity basket options, and convertible bonds.

With numerous exercises, figures, and examples throughout, this book offers valuable insight on various aspects of financial risk management.

Über die Autorin bzw. den Autor: David Murphy

Bibliografische Details

Titel: Understanding Risk: The Theory and Practice ...
Verlag: CRC Press
Erscheinungsdatum: 2008
Einband: Paperback
Zustand: Very Good
Zustand des Schutzumschlags: No Jacket