Financial Risk Management: Models, History, and Institutions (Google eBook)
Financial risk has become a focus of financial and nonfinancialfirms, individuals, and policy makers. But the study of riskremains a relatively new discipline in finance and continues to berefined. The financial market crisis that began in 2007 hashighlighted the challenges of managing financial risk. Now, inFinancial Risk Management, author Allan Malz addresses theessential issues surrounding this discipline, sharing his extensivecareer experiences as a risk researcher, risk manager, and centralbanker. The book includes standard risk measurement models as wellas alternative models that address options, structured creditrisks, and the real-world complexities or risk modeling, andprovides the institutional and historical background on financialinnovation, liquidity, leverage, and financial crises that iscrucial to practitioners and students of finance for understandingthe world today.
Financial Risk Management is equally suitable for firmrisk managers, economists, and policy makers seeking grounding inthe subject. This timely guide skillfully surveys the landscape offinancial risk and the financial developments of recent decadesthat culminated in the crisis. The book provides a comprehensiveoverview of the different types of financial risk we face, as wellas the techniques used to measure and manage them. Topics coveredinclude:
Combining the more model-oriented approach of risk management-asit has evolved over the past two decades-with an economist'sapproach to the same issues, Financial Risk Management isthe essential guide to the subject for today's complex world.
What people are saying - Write a review
Market Risk Basics
Nonlinear Risks and the Treatment
Portfolio VaR for Market Risk
Credit and Counterparty Risk
Spread Risk and Default Intensity Models
Portfolio Credit Risk
Alternatives to the Standard Market Risk
Assessing the Quality of Risk Measures
Liquidity and Leverage
Risk Control and Mitigation