| Books
on Financial
& Investment Risks |
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| |
| 2006 |
| |
| Credit Risk Modelling (Finance
and Capital Markets) |
| by Con Keating; May 2006; ISBN 0333998618 |
| This book provides a comprehensive guide to the
estimation and analysis of credit risk. It takes the reader through the
entire spectrum of techniques both in use and under development, and is
illustrated with qualitative and quantitative applications. |
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from Amazon |
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| Economics and Finance of Risk
and of the Future (The Wiley Finance Series) |
| by Robert Kast and André Lapied; June 2006;
ISBN 0470015772 |
| This book uses real-world examples to show how
individual and collective risks can be blended and treated in a reliable
decision-making framework that draws its inspiration from decision theory
and market based mechanisms. It then goes into deeper detail by looking at
the implications of having to face risks (a) where some kind of
probabilistic description is available and (b) where none is available,
using the example of insurable risks vs non-insurable risks. Again, by using
real-world examples it shows how decision-makers can cope with such
situations by a proper understanding and use of modern financial techniques. |
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from Amazon |
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| Information Security Cost
Management |
| by Ioana V. Bazavan and Ian Lim; August 2006;
ISBN 0849392756 |
| Written in an accessible, informal style,
Information Security Cost Management demonstrates how to strategically
maximize a limited security budget without compromising the quality of risk
management initiatives. Organized into management components, each chapter
highlights common pitfalls in security initiatives and recommends cost
saving methods to achieve intended results. It presents processes that show
how to identify the most critical components of a system's security, staff a
security organization, prioritize spending, manage internal and external
audits, assess costs for identity and access management, maximize the use of
vendors, and evaluate the costs of outsourcing. |
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from Amazon |
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| Risk and Foreign Direct
Investment |
| by Colin White and Katie Fan; March 2006; ISBN
1403945640 |
| This book recommends and examines the various
approaches to incorporating an accurate measure of risk into the appraisal
of an international investment. It considers the way in which decisions on
international investment projects are taken and how they should be. It
critiques and integrates existing theories, including the global capital
asset pricing rule of financial theory, theories of strategy making and the
real options approach, to show how risk should be incorporated into the
present value formula and its various elements to produce a clear decision
rule. |
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| Risk Management and Financial
Institutions |
| by John C. Hull; May 2006; ISBN 0132397900 |
|
This book takes risk management theory and explains
it in a “this is how you do it” manner for practical application in today’s
real world. It offers students the ability to gain knowledge that will stay
with them beyond college and be useful in the real world.
Based on one of the most popular MBA courses at
University of Toronto entitled “Financial Risk Management”, this text
focuses on the ways banks and other financial institutions measure market,
credit and operational risk. The practical nature of the book lends itself
to a “this is how you do it” presentation style that includes excellent
account of the new Basel II regulatory requirements for banks effective in
2007. |
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| Strategic Alliances to Scale Up
Financial Services in Rural Areas |
| by Joselito Gallardo, Michael Goldberg, and
Bikki Randhawa; April 2006; ISBN 0821366033 |
| Business firms have employed strategic
alliances with other firms to effectively manage costs, overcome resource
and technology constraints, and enhance competitive position. The principle
and practice of strategic alliances can be applied as well for productive
and beneficial institutional collaborations in rural financial markets to
expand the array of financial products and to scale up access of rural
households and micro-businesses to financial services.
Strategic alliances comprise a new theme in rural finance. The
institutions in the study used strategic alliances to tap new capital
resources, manage transaction costs, access banking technology and
infrastructure and acquire new skills to provide an expanding array of
financial services to wider markets. The authors carefully examine the
experiences of selected rural finance institutions and their strategic
allies or development partners in Guatemala, the Philippines, Ghana and
India to draw out the main findings and share the lessons that may be
gainfully applied in other country settings. The study addressed a number of
key questions: (1) What motivated the rural finance institution to structure
its alliance or partnership with a bank, commercial or development
organization? (2) How are gains from and costs of alliances and partnerships
shared between collaborating institutions? (3) What are the key elements
that make partnerships or alliances successful, and which conditions lead to
unproductive ones? and (4) Which financial products and services are best
introduced through strategic alliances? |
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| Structured Finance and
Insurance : The ART of Managing Capital and Risk |
| by Christopher L. Culp; January 2006; ISBN
0471706310 |
| The evolution and development of structured
finance and structured insurance (a.k.a. alternative risk transfer or ART)
have provided increasing numbers of nonfinancial corporations with dynamic
new techniques for creating value by integrating the management of capital
and risk. A practical obstacle, however, has been the difficulty of
structuring efficient, customized solutions to risk and capital management
without—intentionally or not—creating even larger problems and pitfalls.
Structured Finance and Insurance explores the develop?ment of this new
generation of products and solutions for managing market, credit,
operational, legal, and other risks in the context of the broader themes of
corporation finance and risk management. Risk managers, treasurers, and CFOs
on the corporate side, as well as reinsurers, insurance brokers, and
investment bankers on the product side, will gain new insights and knowledge
through its well-organized approach:
-
Part One provides a theoretical backdrop by reviewing the fundamental
principles of capital management, corporation finance, risk transfer,
and risk finance
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Part Two presents a review of traditional risk transfer with a strong
emphasis on credit risk management—the products and solutions reviewed
include insurance, reinsurance and retrocession, financial guarantees,
sureties, and credit derivatives
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Part Three provides a detailed look at structured finance products and
processes, including structured notes, hybrid and convertible
structures, contingent capital, CDOs, and project/principal finance
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Part Four examines techniques of structured insurance and ART, including
insurance-linked notes, captives and mutuals, finite risk, multi-line
and multi-trigger structures, and contingent cover
-
Part Five features valuable chapters written by leading experts on
specific issues and topics including the treatment of insurance under
the Basel Accord, trends in insurance securitizations, specific examples
of the use of structured finance and insurance techniques to facilitate
enterprise risk management, new accounting and disclosure requirements,
and more
Structured Finance and Insurance provides today's most detailed and
well-grounded coverage of the latest alternatives for managing corporate
risks by either employing insurance solutions or accessing capital markets.
Case studies and examples help practitioners to understand that while
insurance and financial solutions are in many ways similar, they often
possess critical differences that can explode on the unwary user. By helping
capital markets and insurance professionals to speak the same language—the
common language of capital management and corporate finance—this essential
book will bring structure and precision to an often-cloudy world and help
eliminate the confusion that has, in the past, turned the convergence of
structured finance and insurance from a financial boon to a headline-making
nightmare. |
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| 2005 |
|
| Strategies
in Personal Finance - Basic Investment Principles for Today and Tomorrow |
| by Keith V. and Jane A.
Smith;
February 2005; Purdue University Press; ISBN 1557533474 |
| Spouses--the husband a former business school
dean and finance professor emeritus of finance and his wife, a master of
business administration graduate and principal of a small-business
consulting service--have co-written an undergraduate textbook in financial
planning and investment management with other audiences in mind, from MBA
students to individuals and families who want to raise their financial IQ.
Individual chapters on saving, investing, taxes, and real estate could
also be used in financial planning seminars. (Also read news
release.) |
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from Amazon |
|
|
| 2004 |
|
| Corporate Financial Risk
Management : A Computer-based Guide for Nonspecialists |
| by Roy L. Nersesian;
February 2004; ISBN 1567205844 |
| What if you could
understand financial risk management without immersing yourself in
high-level mathematics? In this straightforward, readable guide--which
requires only a working familiarity with financial spreadsheets--Nersesian
explains what financial risk management is, describes its various forms,
and shows how to anticipate and cope with it. |
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from Amazon |
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|
| Credit Risk Modeling : Theory
and Applications |
| by David Lando; July 2004;
ISBN 0691089299 |
| Credit risk is today one of
the most intensely studied topics in quantitative finance. This book
provides an introduction and overview for readers who seek an up-to-date
reference to the central problems of the field and to the tools currently
used to analyze them. The book is aimed at researchers and students in
finance, at quantitative analysts in banks and other financial
institutions, and at regulators interested in the modeling aspects of
credit risk. The author considers the two broad approaches to credit risk
analysis: that based on classical option pricing models on the one hand,
and on a direct modeling of the default probability of issuers on the
other. He offers insights that can be drawn from each approach and
demonstrates that the distinction between the two approaches is not at all
clear-cut. The book strikes a fruitful balance between quickly presenting
the basic ideas of the models and offering enough detail so readers can
derive and implement the models themselves. The discussion of the models
and their limitations and five technical appendixes help readers expand
and generalize the models themselves or to understand existing
generalizations. The book emphasizes models for pricing as well as
statistical techniques for estimating their parameters. Applications
include rating-based modeling, modeling of dependent defaults, swap- and
corporate-yield curve dynamics, credit default swaps, and collateralized
debt obligations. |
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from Amazon |
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|
| Dealing with Financial Risk |
| by David Shirreff; July
2004; ISBN 1576601625 |
| This book presents key concepts in a simple and
entertaining way by explaining the endeavors, mistakes, and successes of
others as they tried to identify, measure, and simplify risk and make it
work for them. It includes analysis of some of the recent corporate
disasters and what each has added to the understanding of financial risk,
including Baring Brothers in 1995, Long-Term Capital Management in 1998,
and Enron in 2001. In addition, the book explores the risks of the
financial system as a whole and analyzes recent attempts to ensure greater
stability within the system. |
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from Amazon |
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|
| Financial Derivatives and the
Globalization of Risk |
| by Edward Lipuma and
Benjamin Lee, August 2004; ISBN 0822334186 |
| The market for financial
derivatives is far and away the largest and most powerful market in the
world, and it is growing exponentially. In 1970 the yearly valuation of
financial derivatives was only a few million dollars. By 1980 the sum had
swollen to nearly one hundred million dollars. By 1990 it had climbed to
almost one hundred billion dollars, and in 2000 it approached one hundred
trillion. Created and sustained by a small number of European and American
banks, corporations, and hedge funds, the derivatives market has an
enormous impact on the economies of nations—particularly poorer
nations—because it controls the price of money. Derivatives bought and
sold by means of computer keystrokes in London and New York affect the
price of food, clothing, and housing in Johannesburg, Kuala Lumpur, and
Buenos Aires. Arguing that social theorists concerned with globalization
must familiarize themselves with the mechanisms of a world economy based
on the rapid circulation of capital, the authors offer a concise
introduction to financial derivatives. They explain
how derivatives are essentially wagers—often on the fluctuations of
national currencies—based on models that aggregate and price risk. They
describe how these financial instruments are changing the face of
capitalism, undermining the power of nations and perpetrating a new and
less visible form of domination on postcolonial societies. As they ask:
How does one know about, let alone demonstrate against, an unlisted,
virtual, offshore corporation that operates in an unregulated electronic
space using a secret proprietary trading strategy to buy and sell arcane
financial instruments? They provide a necessary look at the obscure but
consequential role of financial derivatives in the global economy |
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from Amazon |
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|
| New Financial Order : Risk in
the 21st Century, The |
| by Robert J. Shiller; July
2004; ISBN 0691120110 |
| The author is best known
for arguing, as he did in Irrational Exuberance, that stock market
movements do not reflect underlying economic reality and that the
volatility of the market makes the financial system unstable. It is
therefore a surprise to find him advocating vast expansion of financial
derivative markets to reduce the economic risk faced by individuals and
countries. According to the author, governments should swap 10% or more of
their gross domestic product with other countries and administer income
swaps among entire generations. Individuals should manage risk by trading
in new financial instruments based on the lifetime income of their
profession, the value of homes in their area or economic statistics like
the unemployment rate or inflation rate. Money, he says, will be replaced
by "indexed units of account" tied to things like wage rates and
commodity prices. People will carry transponders to report on their every
activity, with the results stored in "global risk information
databases," containing all personal information, including genetic
data but protected against unauthorized access. In this way, the
government can eliminate the underground economy and tax evasion and
individuals will enjoy more economic security. The author admits people
don't think they want this additional security, but he advocates
"psychological framing" to change their viewpoint. The book is
certain to be controversial. Some will see a visionary, high-tech
combination of the best of capitalism and socialism. Others will be
reminded of Brave New World and 1984, with privacy, freedom and adventure
traded for a totalitarian mediocrity founded on constant monitoring and
propaganda. |
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from Amazon |
|
|
| Quantitative Finance and Risk
Management: A Physicist's Approach |
| by Jan W. Dash; September
2004; ISBN 9812387129 |
| Written by a physicist with
over 15 years of experience as a quant on Wall Street, this book treats a
wide variety of topics. Presenting the theory and practice of quantitative
finance and risk, it delves into the "how to" and "what
it's like" aspects not covered in textbooks or research papers. Both
standard and new results are presented. A "Technical Index"
indicates the mathematical level — from zero to PhD mathematical
background — for each section. The finance aspect in each section is
self-contained. Real-life comments on "life as a quant" are
included. This book is designed for scientists
and engineers desiring to learn quantitative finance, and for quantitative
analysts and finance graduate students. Parts will be of interest to
research academics. |
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from Amazon |
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|
| Risk and Financial Management:
Mathematical and Computational Methods |
| by Charles Tapiero; May
2004; ISBN 0470849088 |
| Financial risk management
has become a popular practice amongst financial institutions to protect
against the adverse effects of uncertainty caused by fluctuations in
interest rates, exchange rates, commodity prices, and equity prices. New
financial instruments and mathematical techniques are continuously
developed and introduced in financial practice. These techniques are being
used by an increasing number of firms, traders and financial risk managers
across various industries. This book confronts the many issues and
controversies, and explains the fundamental concepts that underpin
financial risk management. It provides a comprehensive introduction to the
core topics of risk and financial management, adopts a pragmatic approach,
focused on computational, rather than just theoretical, methods, and bridges
the gap between theory and practice in financial risk management Includes
coverage of utility theory, probability, options and derivatives,
stochastic volatility and value at risk. The book includes extensive
reference lists, applications and suggestions for further reading and is
ideally suited to both students of mathematical finance with little
background in economics and finance, and students of financial risk
management, as well as finance practitioners requiring a clearer
understanding of the mathematical and computational methods they use every
day. It combines the required level of rigor, to support the theoretical
developments, with a practical flavour through many examples and
applications. |
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from Amazon |
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|
| Risk Measures for the 21st
Century |
| by Giorgio Szegö, Editor;
April 2004; ISBN 0470861541 |
| The last five years have
witnessed a great momentum in the research into measures of financial
risk. After many years of ad-hoc and non-consistent measures, now the
problem is finally well formulated and some useful and very user-friendly
solutions have been proposed. These new measures of risk should be of
great interest for investors, financial institutions as well as for
regulators. Under the editorship of Professor Giorgio Szego of the
University of Rome "La Sapienza", this book is a collection of
the revised and updated papers from prestigious international specialists
who are leaders in their field, amongst whom is Robert Engle, a
newly-announced Nobel prize-winner in finance. These authors bring a broad
perspective across a wide selection of topics, ranging from the critique
of some currently used methods, like Value at Risk, to the presentation of
some correct risk measures and of some advanced application The book
provides a detailed and up-to-date reference for researchers within
academia, and risk managers or financial engineers. |
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from Amazon |
|
|
| 2003 |
|
| Alternative Investments and the
Mismanagement of Risk |
| by Dimitris
Chorafas, Editor; May 2003; ISBN 1403906815 |
| In this book the author has
uncovered the hidden risks behind alternative investments through
extensive research in the US, UK, Germany, France, Italy, Scandinavia, and
Switzerland. He also provides solutions to the problems identified. This
book is particularly important in light of recent company scandals. |
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from Amazon |
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|
| Business, Economic, and Financial
Modeling with MATLAB |
| by Patrick L. Anderson;
October 2003; ISBN 1584883480 |
| Although there are hundreds
of books about MATLAB, there are no books that fully explore its value in
the field of business economics. Few books describe how geographic
information can be explicitly incorporated in business decisions, or
explain how sophisticated MATLAB applications can be provided to users via
the Internet using a remote-hosted, thin client environment. This book
responds by providing a unique overview of sophisticated business and
financial applications. It describes models that have been developed for
facing the challenges of finance, retail sales, taxes, location, economic
impact, public policy, and other issues that executives, investors, and
economists confront on a daily basis. It also offers groundbreaking
insight into the many calculation and modeling tools that can be remotely
hosted and run over the Internet, resulting in substantial user benefits
and cost savings. Many techniques and models directly incorporate
geographic information and GIS into the analysis in a way that was
impossible until quite recently. Some techniques, such as fuzzy logic,
retail sales, and Simulink economic impact models are described for the
first time in print in this book. By following this blueprint, you will be
able to direct tremendously higher amount of computational power toward
the challenges that confront your business. |
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from Amazon |
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|
| Corporate Treasury and Cash
Management |
| by Robert Cooper; November
2003; ISBN 1403916233 |
| The book is an analysis of
corporate treasury and cash management with the principal financial
instruments used by the corporate treasurer. The objectives of the book
are to describe how corporate treasury departments should establish a
framework for the identity, measurement and management of risk and to
describe how corporations should manage and control the operation of their
treasury function. |
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from Amazon |
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|
| Credit Risk: Measurement,
Evaluation, and Management (Contributions to Economics) |
| by Georg Bol, Gholamreza
Nakhaeizadeh, Svetlozar T. Rachev, Thomas Ridder, Karl-Heinz Vollmer,
Editors; August 2003; ISBN 3790800546 |
| New developments in measuring, evaluating and
managing credit risk are discussed in this volume. Addressing both
practitioners in the banking sector and research institutions, the book
provides a manifold view on one of the most-discussed topics in finance.
Among the subjects treated are important issues, such as: the consequences
of the new Basel Capital Accord (Basel II), different applications of
credit risk models, and new methodologies in rating and measuring credit
portfolio risk. The volume provides an overview of recent developments as
well as future trends: a state-of-the-art compendium in the area of credit
risk. |
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from Amazon |
|
|
| Extreme Values in Finance,
Telecommunications, and the Environment |
| by Bärbel Finkenstädt
and Holger Rootzén; July 2003; ISBN 1584884118 |
| Because of its potential to
"predict the unpredictable," Extreme Value Theory (EVT) and its
methodology are currently in the spotlight. EVT affords some insight into
extreme tails and maxima where standard models have proved unreliable.
This is achieved with semi-parametric models which only specify the
distributional shapes of maxima or of extreme tails. The rationale for
these models are very basic limit and stability arguments. Bringing
together world-recognized authorities, this volumn puts to rest some of
the myths and misconceptions of EVT. It explores the application, use, and
theory of extreme values in the areas of finance, insurance, the
environment, and telecommunications. It reviews the way in which this
paradigm can answer questions in climatology, insurance, and finance,
covers parts of univariate extreme values theory, and discusses
estimation, diagnostics, and multivariate extremes. It presents issues in
data network modeling and examines aspects of Value-at-Risk (VaR) and its
estimation based on EVT. The final chapter gives an overview of
multivariate extreme value distributions and the problem of measuring
extremal dependencies. Considered one of the hottest ideas in risk
management, EVT is designed to allow anyone faced with calculating risky
situations to determine the chances of being hit with one or even multiple
catastrophic events. It provides a statistical methodology for dealing
with the prediction of events which are so rare that they appear
impossible. Presenting information from the forefront of knowledge and
research, this volumn brings you up to speed on current issues and
techniques in EVT. |
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from Amazon |
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|
| Financial Market Risk:
Measurement & Analysis (Routledge International Studies in Money and
Banking) |
| by Cornelis A. Los; July
2003; ISBN 041527866X |
| This new book uses advanced
signal processing technology to measure and analyze risk phenomena of the
financial markets. It explains how to scientifically measure, analyze and
manage non-stationarity and long-term time dependence (long memory) of
financial market returns. It studies, in particular, financial crises in
persistent financial markets, such as stock, bond and real estate market,
and turbulence in anti–persistent financial markets, such as anchor
currency markets. It uses Windowed Fourier and Wavelet Multiresolution
Analysis to measure the degrees of persistence of these complex markets,
by computing monofractal Hurst exponents and multifractal singularity
spectra. It explains how and why financial crises and financial turbulence
may occur in the various markets and why we may have to reconsider the
current wave of term structure modeling based on affine models. It also
uses these persistence measurements to improve the financial risk
management of global investment funds, via numerical simulations of the
nonlinear diffusion equations describing the underlying high frequency
dynamic pricing processes. |
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from Amazon |
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|
| Financial Risk Manager Handbook, Second Edition |
| by Philippe Jorion; May 2003; ISBN 047143003X |
| This book is a comprehensive reference and training
guide for financial risk management. Risk
professionals looking to earn the Financial Risk Manager (FRM™)
certification, corporate training programs, professors, and graduate
students all rely on this book for the most comprehensive and up-to-date
information on financial risk management. It's presented in a clear and
consistent fashion and has become the core text for risk management
training programs worldwide. |
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from Amazon |
|
|
| Infectious
Greed: How Deceit and Risk Corrupted the Financial Markets |
| by Frank Partnoy; April 2003; ISBN 0805072675 |
| Frank Partnoy, criminal defense attorney,
financial analyst, University of San Diego law professor, and best-selling
author, tells the story of the rise of the trading instruments and
corporate financial structures that now imperil U.S. economic health.
Starting in the mid-1980s with the introduction of the first currency
options and proto-derivatives and recounting such high-profile disasters
as Barings Bank and Long-Term Capital Management, Partnoy traces a
seamless progression to the dangerous manipulations that are coming to
light today. He documents how each new level of financial risk, loss of
control, and complexity obscured the sickness of the companies in question
and pushed individuals to ever more ingenious deceptions. Although
major corporations such as Enron, Global Crossing, and WorldCom are
imploding all around us, prey to a greed-driven culture and to dubious or
illegal corporate finance and accounting, and our financial system
has reached a perilous crossroads, Partnoy offers a clear vision of how we
reached epidemic stage and how we can regain control before further damage
is done. |
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from Amazon |
|
|
| An Introduction to Credit Risk
Modeling |
| by Christian Bluhm, Ludger
Overbeck, and Christoph Wagner; January 2003; ISBN 158488326X |
| This book supplies both the bricks and the
mortar of risk management. In a gentle and concise lecture-note style, it
introduces the fundamentals of credit risk management, provides a broad
treatment of the related modeling theory and methods, and explores their
application to credit portfolio securitization, credit risk in a trading
portfolio, and credit derivatives risk. The presentation is thorough but
refreshingly accessible, foregoing unnecessary technical details yet
remaining mathematically precise. Whether you are a risk manager looking
for a more quantitative approach to credit risk or you are planning a move
from the academic arena to a career in professional credit risk
management, this is the book you've been looking for. It will bring you
quickly up to speed with information needed to resolve the questions and
quandaries encountered in practice. |
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from Amazon |
|
|
| The New Financial Order: Risk
in the 21st Century |
| by Robert J. Shiller; April
2003; ISBN 0691091722 |
| This compelling and important new book presents
a fresh vision for hedging risk and securing our economic future. The
author describes six fundamental ideas for using modern information
technology and advanced financial theory to temper basic risks that have
been ignored by risk management institutions--risks to the value of our
jobs and our homes, to the vitality of our communities, and to the very
stability of national economies. Informed by a comprehensive risk
information database, this new financial order would include global
markets for trading risks and exploiting myriad new financial
opportunities, from inequality insurance to intergenerational social
security. Just as developments in insuring risks to life, health, and
catastrophe have given us a quality of life unimaginable a century ago, so
the author's plan for securing crucial assets promises to substantially
enrich our condition. |
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from Amazon |
|
|
| Practical Risk Management: An Executive Guide to
Avoiding Surprises and Losses |
| by Erik Banks and Richard Dunn; August 2003; ISBN
0470849673 |
| This book is a concise, yet thorough, look at the
world of financial risk management. The book is written by two senior
banking professionals who have managed business and state- of-the-art
financial risk in large and complex financial organisations, and who have
also been in the middle of some of the most creative developments and
turbulent times that the financial markets have ever seen. The book
leverages these real experiences to offer useful and practical approaches
to managing financial risk. It explores the challenges of risk management
and how these can be overcome by focusing on governance and accountability
within the framework of a clearly defined appetite for potential losses. |
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from Amazon |
|
|
| Risk Analysis in Finance and
Insurance |
| by Alexander
Melnikov; August 2003; ISBN 1584884290 |
| This book offers the first comprehensive and
accessible introduction to the ideas, methods, and probabilistic models
that have transformed risk management into a quantitative science and led
to unified methods for analyzing insurance and finance risks. The author's
approach is based on a methodology for estimating the present value of
future payments given current financial, insurance, and other information,
which leads to proper, practical definitions of the price of a financial
contract, the premium for an insurance policy, and the reserve of an
insurance company. |
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|
|
|
| Stochastic Processes with
Applications to Finance |
| by Masaaki Kijima; January
2003; ISBN 1584882247 |
| With an emphasis on
applications to finance, including the pricing of corporate bonds and
credit derivatives, the author explains the idea of stochastic processes
as based on simple class of discrete processes. After deriving Ito's
formula from Taylor's expansion, the theory of basic probability and
probability distributions are explored. A general discrete-time model for
the securities market is introduced in order to provide a basis for the
understanding of the theory of random walks. Markov chains and Monte Carlo
simulations are explored with an emphasis on financial engineering. Final
chapters deal with Brownian motions, Poisson processes in continuous time,
and the development of continuous-time securities market models. |
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|
|
|
| Theory of Financial Risk and
Derivative Pricing : From Statistical Physics to Risk Management |
| by Jean-Philippe Bouchaud
and Marc Potters; September 2003; ISBN 0521819164 |
| Summarizing market data
developments, some inspired by statistical physics, this book explains how
to better predict the actual behavior of financial markets with respect to
asset allocation, derivative pricing and hedging, and risk control. Risk
control and derivative pricing are major concerns to financial
institutions. The need for adequate statistical tools to measure and
anticipate amplitude of potential moves of financial markets is clearly
expressed, in particular for derivative markets. Classical theories,
however, are based on assumptions leading to systematic (sometimes
dramatic) underestimation of risks. |
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from Amazon |
|
|
| Value-at-Risk: Theory and
Practice |
| by Glyn A. Holton; March
2003; ISBN 0123540100 |
| Value-at-risk (VaR) is a
measure of market risk that has been widely adopted since the mid-1990s
for use on trading floors. This is the first advanced book published on
VaR. It describes how to design, implement, and use scalable production
VaR measures on actual trading floors. It takes readers from the basics of
VaR to the most advanced techniques, many of which have never been
published in book form. Practical, detailed
examples are drawn from markets around the world, including: Euro
deposits, Pacific Basin equities, physical coffees, and North American
natural gas. Real-world challenges relating to market data, portfolio
mappings, multicollinearity, and intra-horizon events are addressed in
detail. Exercises reinforce concepts and walk readers step-by-step through
computations. Sophisticated techniques are
fully disclosed, including: quadratic ("delta-gamma") methods
for nonlinear portfolios, variance reduction (control variates and
stratified sampling) for Monte Carlo VaR measures, principal component
remappings, techniques to "fix" estimated covariance matrices
that are not positive-definite, the Cornish-Fisher expansion, and
orthogonal GARCH. Find more information at the book's companion
website. |
| Buy
from Amazon |
|
|
| 2002 |
|
| A.R.T.
of Risk Management, The |
| by Christopher L. Culp; February 15, 2002
(first edition); ISBN 0471124958 |
| With the number of innovative alternative risk
transfer (ART) products available to corporations, brokers, derivatives
participants, and other financial professionals increasing as capital
and insurance markets converge, understanding risk management in a
corporate finance context and the ability to use ART to control risk and
raise new capital are becoming necessities in today’s business world.
Written by a risk management professional who also teaches in a university
graduate school of business, this book includes a foundation in corporate
finance and the processes by which firms strive to find "optimal
capital structure," a look at ART transactions and their impact on
the capital structure of many actual companies, and an overview of risk
control and capital structure functions. Read editorial
reviews of this book. |
| Buy
from Amazon |
|
| Iceberg
Risk: An Adventure in
Portfolio Theory |
| by Kent Osband; November 2002
(first edition, hardcover); ISBN 1587990687 |
| The
head of quantitative trading and risk management for Drawbridge Global
Macro Fund, New York,
blends story, charts, and math to expose the core flaw in current standard portfolio theory--which
consistently
underestimates the big, semi-hidden "iceberg risks" that cause markets to rocket
crash--and then explains how to fix it by rebuilding portfolio theory on
stronger foundations. |
| Buy
from Amazon |
|
|
| Technology and Finance:
Challenges for financial markets, business strategies and policy makers (Routledge
Studies in the History of Economics) |
| by Morten Balling, Frank
Lierman, A. W. Mullineux, Andrew Mullineux, editors; November 2002; ISBN
041529827X |
| Buy
from Amazon |
|
|
| 2001 |
| The
Economics of Risk and Time |
| by Christian Gollier; MIT Press; July 2001; ISBN
0262072157 |
| This book updates and advances the theory of
expected utility as applied to risk analysis and financial decision
making. It focuses on richer applications of expected utility in finance,
macroeconomics, and environmental economics. This book is appropriate for
both students and professionals. Concepts are presented intuitively as
well as formally, and the theory is balanced by empirical considerations.
Each chapter concludes with a problem set. |
| Buy from Amazon |
|
| 2000 |
| Analyzing
Banking Risk: A Framework for Assessing Corporate Governance and
Financial Risk Management |
| by Hennie Van Greuning and Sonja Brajovic Bratanovic; Getty Center for Education in the Arts;
April 2000; ISBN 082134417X |
| Major topics covered in this comprehensive volume include the changing
bank environment, financial risk management and the responsibilities of
key players, composition of the balance sheet, the importance of
profitable banks, components of credit risk, the need for liquidity,
market risk characteristics, origin and components of currency risk, and
the bank supervisory process.
|
| Buy from Amazon |
|
| Commercial Banking: The Management of Risk |
| by Donald R. Fraser, Benton E. Gup, James W. Kolari; Southwestern Pub.
; July 2000; ISBN 0324027184 |
| Buy from Amazon |
|
| Financial Risk Management: A Practical Approach for Emerging Markets |
| by Jose A. Soler Ramos, Kim B. Staking, Alfonso Ayuso
Calle, and pa Beato; March 2000; ISBN 1886938717 |
| This comprehensive guide is designed to help businesses and financial institutions operating in emerging markets
incorporate modern risk management techniques into their decisionmaking. It looks at market, credit, operational and legal
risks and proposes solutions to risk management issues as they apply specifically to emerging markets. |
| Buy from Amazon |
|
| Framework for Credit Risk Management |
| by Alastair Graham (Editor); July 2000; ISBN 1579581021 |
| This series of financial management titles breaks new ground in simplicity, clarity, and ease of application on the complex
subject of risk management--a crucial business tool. These are time-tested
training tools, whether for classroom application or individual study. Each title in the series makes use of extensive case studies, adapted
specifically for a sophisticated international audience. |
| Buy from Amazon |
|
| International Investment, Political Risk, and Growth |
| by Philipp Harms; May 2000; ISBN 0792378334 |
| Following substantial policy reforms in many countries, the past decade has been characterized by a remarkable increase of
long-term private capital flows to the developing world. However, the bulk of
these investments has concentrated on a few economies at the intermediate level of the international income distribution, while the large number of low-income countries
has been mostly neglected by international investors. Starting from these observations,
this book analyzes the potential growth effects of liberalizing investment regimes in developing economies and
offers an explanation for the apparent bias of private capital flows towards middle-income countries. It demonstrates that
the removal of investment barriers may liberate an economy from a vicious circle of poverty, unproductive saving, and low
growth, and presents a novel approach to analyzing the role of political risk as a major impediment to greater private
capital inflows. Offering a combination of theoretical models and empirical analysis, and discussing both the historical
evidence and the recent literature, this book contributes to a better understanding of the determinants and consequences
of international investment in developing countries. |
| Buy from Amazon |
|
| Investing
101 |
| by Kathy Kristof; September 2000; ISBN:
1-57660-044-0 |
| The syndicated newspaper columnist who writes
"Your Money," a column on personal finance, for the Los
Angeles Times responds to readers' requests for
understandable and reader-friendly investment information
and advice in this primer, compiled from a series of investing tutorials.
She investigates major psychological hurdles--including the fear of
risk--that keep people from managing their money and investing it wisely. |
| Buy
from Amazon |
|
| Measuring and Managing Operational Risks in Financial Institutions:
Tools, Techniques, and Other Resources (Wiley Frontiers in Finance) |
| by Christopher Marshall; November 2000; ISBN 0471845957 |
| Buy
from Amazon |
|
| The Professional Handbook of Financial Risk Management |
| by Lev Borodovsky and Marc Lore, Editors; April
2000; ISBN 0750641118 |
| This book provides a complete, practical reference book covering all aspects of financial risk management including an in-depth look
at operational risk management, regulation, risk-based capital, and risk-adjusted performance
measurement. It focuses on practical financial risk management techniques and solutions. |
| Buy from Amazon |
|
| Risk Management: Approaches for Fixed Income Markets |
| by Bennett W. Golub and Leo M. Tilman; June 2000; ISBN: 0471332119 |
| Risk management plays an increasingly important role in the life of a financial
institution. Valuable to anyone in both the asset management industry and academia, Risk Management applies the latest financial modeling techniques to
the challenges of managing risk in fixed income markets. This work represents an intriguing blend of finance, economics, mathematics, and common sense and brings together a
variety of approaches, including duration measures, principal components, value at risk, and hedge optimizations. Risk Management is
written by two senior practitioners supporting the risk management function of a global
money management firm. |
| Buy
from Amazon |
|
| Risk Modeling for Determining Value and
Decision Making |
| by Glenn R. Koller; May 2000; ISBN 1584881674 |
Risk or uncertainty assessments are used as aids to decision making in nearly every aspect of business,
education, and government. As a follow-up to the author's best selling Risk Assessment and Decision
Making in Business and Industry: A Practical Guide, Risk Modeling for Determining Value and
Decision Making presents comprehensive examples of risk/uncertainty analyses from a broad range of
applications: decision/option selection, manufacturing environmental assessment,
pricing identification of business drivers, production sharing insurance,
and scheduling and optimization investing.
Emphasizing value as the focus of risk assessment, this book offers discussions on how to
make decisions using each risk model and what insights the model can provide. The presentation of
each model also includes computer code that encapsulates its logic and direction on how to apply the
model to other types of problems. The author devotes a chapter to techniques for consistently
collecting data in an inconsistent world and offers another chapter on how to reflect the effect of "soft"
issues in the value of an opportunity. The book's final chapters delineate the techniques and
technologies used to perform risk/uncertainty analyses, including sections on distribution, Monte Carlo
process, dependence, sensitivity analysis, time series analysis, and chance of failure. |
| Buy from Amazon
or CRC
Press |
|
| Risk: The New Management Imperative in Finance |
| by James T. Gleason; April 2000; ISBN 1576600742 |
| This book discusses how to identify types and levels of risk, measure and quantify market and credit risks, use derivatives
effectively, and implement practical risk management procedures-globally! |
| Buy from Amazon |
|
| Theory of Financial Risks: From Statistical Physics to Risk Management |
| by Marc Potters and Jean-Phillipe Bouchaud;
January 2000; ISBN 0521782325 |
| This book summarizes theoretical developments inspired by statistical physics in the description of the potential moves in financial
markets, and its applications to derivative pricing and risk control. Takes a
physicist's point of view to financial risk by comparing theory with experiment. |
| Buy from Amazon |
|
| Value at Risk: The New Benchmark for Managing Financial Risk (2nd
Edition) |
| by Philippe Jorion; August 2000; ISBN 0071355022 |
| To accommodate sweeping global economic changes, the risk management field has evolved substantially since the first
edition of this book, making this revised edition a must. Updates include a
new chapter on liquidity risk, information on the latest risk instruments
and the expanded derivatives market, recent developments in Monte Carlo methods, and more.
This publication will help professional risk managers understand, and operate within, today's
dynamic new risk environment. |
| Buy from Amazon |
|
| 1999 |
| Credit
Derivatives & the Management of Risk: Including Models for Credit
Risk |
| edited by Dimitris N. Chorafas; September 1999; ISBN:
0735201048 |
| Credit derivatives are revolutionizing the
world of investment. But without a firm understanding of their mechanics
and their bottom-line impact, these hot financial instruments can bring
devastating losses. An international authority on risk management, Dr.
Dimitris N. Chorafas draws on his own experience and the insights of 76
senior executives at 46 organizations worldwide to bring to the reader in
a clear and comprehensive manner: the market for credit derivatives, the
instruments which make trading in credit derivatives possible and the
models which are applicable for the management of credit risk. Divided
into three sections, the book first defines credit derivatives and
examines their consequences. The second part provides an in-depth look at
the instruments of credit derivatives and key underlying factors. And the
final section focuses on the contributions of technology, with detailed
models for evaluating and managing credit risk. The book contains many
first, the reader won't find elsewhere: New markets for selling credit
derivatives The rules of collateralization New instruments, such as
derivatives of catastrophe insurance and hurricane derivatives Cover age
of all currently available credit risk models A discussion of the work
done by rocket scientists Emphasizing the need for risk management,
exploring a range of opportunities in businesses across the board, and
revealing exciting interactive possibilities, Dr. Chorafas empowers anyone
who works with derivatives to get the best possible performance.
About the Author:
Dr. Dimitris N. Chorafas is an international management and
financial consultant. His clients include major banks throughout Europe,
as well as multinational corporations such as General Electric and
Honeywell. A Fulbright scholar who received his doctorate at the Sorbonne,
he has taught at Catholic University and lectures at colleges around the
world. The author of more than a hundred books, some of which have been
translated into 16 languages. He lives in Switzerland and France. |
| Buy
from Amazon |
|
| Credit
Risk Measurement : New Approaches to Value at Risk and Other Paradigms |
| by Anthony Saunders; September 1999; ISBN 0471350842 |
Addressing one of the hottest topics in finance today, this groundbreaking book offers an up-to-date overview of the latest credit market and financial innovations. Written by an expert with more than twenty years in the field, it provides comprehensive coverage of new models that measure credit risk of individuals and counter-party risk, as well as portfolios of loans.
One reviewer called the book a "must read" for those in the
credit industry, for banking regulators, and for researchers of financial institutions and markets.
About the author: Anthony Saunders (New York, NY) is the John M. Schiff Professor of Finance and Chair of the Department of Finance at the Stern School of Business at New York University. He is the editor of the
Journal of Banking and Finance and the Journal of Financial Markets, Instruments, and Institutions. |
| Buy
from Amazon |
|
| Currency
Risk Management |
| by Gary Shoup; April 1999; ISBN: 157958067X |
| This guidebook is written for company officials
and public relations specialists who must communicate technical
information to the local residents and media representatives. |
| Buy
from Amazon |
|
| Derivatives
: A Manager's Guide to the World's Most Powerful Financial Instruments |
| by Philip McBride Johnson; June 1999; ISBN:
007134506X |
| Today's executives and managers need
derivatives to safeguard their companies from undue financial risk--but
too many don't understand the rules! "Derivatives" provides
easy-to-understand explanations on how these essential tools operate, and
how executives unfamiliar with their dangers can cost their companies
millions or even billions of dollars. From simple agricultural futures to
the latest credit derivatives and swaps, it provides a comprehensive
understanding of derivative products without confusing the reader with
unnecessary mathematics. |
| Buy
from Amazon |
|
| Dictionary
of Financial Risk Management |
|
by Gary L. Gastineau and Mark P. Kritzman; February 1999; ISBN: 1883249570 |
| Gary Gastineau teams up again with Mark
Kritzman of Windham Capital Management for the third edition of this
classic reference tool designed for professional financial analysts and
managers. Financial risk management is the measurement and the attempt to
control trade-offs between risks and rewards in profit and non-profit
enterprises. Risk management terminology comes by many markets: cash,
forwards/futures, swaps, options - and from many disciplines:
profitability and statistics, tax and financial accounting, and law. The
vocabulary of the risk manager continues to expand with the creation of
new products and new concepts. This volume carefully defines and
illustrates all the words and phrases that working finance professionals
need to know and understand. Dictionary of Financial Risk Management
includes listings of common acronyms, profit/loss diagrams of new
financial instruments, and extensive coverage of derivatives and quantitative
techniques. While admittedly not an exhaustive, general reference guide,
the authors provide comprehensive definitions of the key terms and
concepts that working financial analysts need to know on an every-day
basis. |
| Buy
from Amazon |
|
| The
Dynamic Option Selection System : Analyzing Markets and Managing Risk |
| by Howard L. Simons; October 1999; ISBN
047132051X |
| A thoughtful, examination of options trading
and risk management, this book presents a comprehensive guide to trading
options. Topics range from an overview of the options markets to
selecting options at the best prices. Offering real-world trading
applications, it examines and explains the role of price, price
expectations, price insurance, and price analysis in the commodity and
financial markets. Howard L. Simons (Glenview, IL) is Director of Research
for FIMAT USA, Inc. where he is responsible for designing hedging
strategies in the agricultural, energy, and financial markets, as well as
developing value-added investment products. He is a contributing writer to
Futures magazine, and an adjunct professor of finance at the Illinois
Institute of Technology's Financial Markets and Trading Program. |
| Buy
from Amazon |
|
| Financial
Engineering for Risk Management |
| by Stuiz; 1999; ISBN: 0538861010 |
| Buy
from Amazon |
|
| Global
Investment Risk Management : Protecting International Portfolios Against
Currency, Interest Rate, Equity and Commodity Risk |
| edited by Ezra Zask; October 1999; ISBN:
0071353151 |
| This book outlines hands-on systems, policies,
and procedures that will help you take advantage of the returns available
in overseas markets, while keeping closer track of the risks--not only
those risks you can see but those you cannot. This practical guide to
understanding and managing all aspects of international investment
risk--from currency and equity risk to interest rate and commodity
risk--includes: * when, how, and why to use futures, options, swaps,
and customized derivatives; emerging markets investment strategies to help
you seize ground-floor opportunities--while hedging against financial
meltdowns; * cautionary tales of mega-billion dollar investment
debacles--and how they could have been avoided; * long-term global
diversification strategies from asset allocation pioneer Roger C.
Gibson; * steps to design a detailed risk management program that
fits your institution's risk and investment objectives; * a detailed
introduction and explanation of Value at Risk (VaR); * Internet
resources for valuable and cost-free global investment risk management
information.
Combining the knowledge and experience of 20 of the world's foremost
global investment experts, this is the first guidebook that explains--in
practical and easy-to-understand language--how to understand and hedge
against ever-present international investment risks. It will help you
expand the boundaries of your investment program, ensuring that your
organization makes full use of the world of investment opportunities,
while sensibly and strategically hedging against international investment
risks. Contributors include: David Beers. Vinod Chandrashekaran. Jason
Cook. Christopher L. Culp. Ray Dalio. Roger C. Gibson. Steve H. Hanke.
Joanne M. Hill. Michael J. Howell. Richard Johnston. Ira G. Kawaller. Ron
Mensink. Ranga Nathan. Andrea M.P. Neves. Todd E. Petzel. Steven A.
Schoenfeld. Istvan Szoke. Lee Thomas. Maria E. Tsu. Richard Vogel. Ezra
Zask
|
| Buy
from Amazon |
|
| Implementing
Credit Derivatives : Strategies and Techniques for Using Credit
Derivatives in Risk Management |
| by
Israel Nelken;
June 1999; ISBN: 0070472378 |
| These hands-on guidelines for effective credit
derivatives use are written by one of the industry's most authoritative
derivatives experts. By allowing investors to unbundle credit risk from
underlying instruments such as loans, bonds, or swaps, credit derivatives
protect bond holders and lenders from the ever-present danger of issuer or
borrower default. This relatively new asset class is on course to become a
$1 trillion market by 2000. Confusion over how to effectively use these
volatile instruments has been rampant, and investors have had difficulty
getting trusted information and guidelines. But in this book, Israel
Nelken - one of the world's leading authorities on credit derivatives,
exotic options, and financial engineering - goes beyond the basics and
theory of credit derivatives to explain their use in everyday financial
engineering practice. This comprehensive treatment provides hands-on
explanations and case studies that cover: the structure and mechanics of
alternative credit derivative products; the mechanics of creating,
analyzing, and valuing structured credit derivatives; successful
strategies for trading and hedging credit derivatives; important yet
easily overlooked regulatory and legal issues; similarities between credit
derivatives and other financial instruments; when to use credit
derivatives versus CBOs or CLOs - and why; regulatory and economic capital
aspects; and how to use credit derivatives as a uniquely effective hedge
in today's volatile emerging markets. |
| Buy
from Amazon |
|
| Money,
Greed, and Risk : Why Financial Crises and Crashes Happen |
| by Charles R. Morris; August 1999; ISBN:
0812931734 |
| Imagine the American republic of the 19th
century: at the beginning, a sparsely populated agrarian nation where the
president, Thomas Jefferson, fords rivers on horseback to make it to his
own inauguration; at the end of the century, it's a land of densely
populated cities, teeming with factories and linked by a network of
railroads. This extraordinary transition--and all the economic upheavals
that went along with it--is described in the opening chapters of Money,
Greed, and Risk, and provides the historical context for a broader
look at how booms and busts happen. Charles Morris tells the story of
American financial markets by looking at its larger-than-life characters:
Nicholas Biddle (the first U.S. central banker), Jay Gould (a much-hated
financial genius who patched together a network of rail lines), steel
magnate Andrew Carnegie, oil baron John D. Rockefeller, and, of course,
J.P. Morgan, who made America the world's banker. By the time these men
had all passed from public life, the U.S. economy had changed from a
primitive system that could be bent to the will of a single financier,
such as Morgan, to a sophisticated, highly regulated, world-dominating
conglomeration of massive corporations.
Then along came Michael Milken and things changed again. Morris makes
this chronicle entertaining and enlightening, although the reader is
expected to have some previous knowledge of finance and history. He finds
connections where we don't expect them--for example, linking the leverage
tactics of junk-bond king Milken to early-19th-century "wildcat"
bankers. He also makes it easy to understand the accordion-like expansions
and contractions in the world's developing economies. Once you've read
this book, you'll feel as if you've seen everything before. |
| Buy
from Amazon |
|
| Patterns
in the Dark: Understanding Risk and Financial Crisis with Complexity
Theory |
| by Edgar E. Peters; April 1999; ISBN:
047123947X |
| Patterns in the Dark is that rare book that
offers an entirely new perspective on an issue of ongoing concern to
investors: the unpredictability of financial markets. In this
groundbreaking work, leading investment strategist and authority on chaos
theory, Edgar Peters makes accessible ways of understanding market
behavior that-until now-were known only to specialists. The book
draws on a broad range of human knowledge and experience to clarify the
behavior of a system that now operates on a global, 24-hour, and
thoroughly interconnected basis. Peters illuminates the complex operation
of the marketplace by including keen observations drawn from science,
mathematics, and artistic creation as well as economics. His models
include the social visions of the Austrian economists, Darwinian ideas of
evolution, the laws of physics, and the creative risks of the artist. His
meditations on financial markets weigh the effects of limitations vs.
rules, risks vs. uncertainty, and order vs. chaos. As a guide to a world
marketplace that has become increasingly complex and uncertain, Patterns
in the Dark offers the investor a rich source of insight, illumination,
and wisdom. |
| Buy
from Amazon |
|
| Quantitative Modeling of Derivative
Securities: From Theory to Practice |
| by Marco Avellaneda and Peter Laurence;
September 1999; ISBN 1584880317 |
| This book provides a bridge between Arbitrage-Pricing Theory and the implementation of models for
pricing and hedging derivatives. It covers most of the standard models and contains an extensive
discussion of the term-structure of interest rates and interest-rate derivatives. The book is loosely
based on the materials of two courses -- Mathematics of Finance I and II -- taught at New York
University. It will be very useful for students that want to enter this field or for professionals who wish
to hone their quantitative skills. |
| Buy from Amazon
or CRC
Press |
|
| Risk
Management and Analysis : Measuring and Modelling Financial Risk |
| edited
by Carol Alexander and John C. Hull; March 1999; ISBN: 0471979570 |
| Carol Alexander has compiled an impressive list
of contributors offering the most up-to-date techniques of risk management
and the practical implementation of these techniques. The classic Handbook
of Risk Management and Analysis has been updated and expanded into two
volumes--Risk Measurement and Management and Markets and Products. |
| Buy
from Amazon |
|
| Risk
Management and Regulation in Banking : Proceedings of the International
Conference on Risk Management and Regulation in Banking |
| edited by Dan Galai; November 1999; ISBN:
0792384830 |
| Over the last fifty years, increasingly
sophisticated risk measurement and management techniques have
revolutionized the field of finance. More recently, the globalization of
financial markets and policy changes in the regulation of financial
institutions have impacted upon how commercial banks manage risk. The
widespread implications of these fundamental changes prompted an
international conference held in May, 1997, devoted to the topic of risk
management and regulation in banking. This book contains the formal papers
and the panel discussions that comprise the conference proceedings, and
thus collects some of the latest research on managing financial market
risk by top scholars, policymakers, and high-ranking banking officials
from around the world. |
| Buy
from Amazon |
|
| 1998 |
| Credit
Risk Modeling : Design and Application |
| edited by Elizabeth Mays and Christopher
Hudson; December 1998; ISBN 0814404758 |
This is an indispensable guide for credit professionals and
risk managers who want to understand and implement modeling techniques for increased profitability. With
contributions from 15 experts in credit risk management, Credit Risk Modeling provides effective, practical
guidance to building and implementing models for both evaluating applications and managing existing portfolios.
Key topics include:
* implementing an application scoring system
* behavior modeling to manage portfolios
* incorporating economic factors
* statistical techniques for choosing the optimal credit risk model
* how to set cutoffs and override rules
* modeling for the sub-prime market
* how to evaluate and monitor credit models. |
| Buy
from Amazon |
|
| Managing
Credit Risk : The Next Great Financial Challenge |
| by y John B. Caouette, Edward I. Altman, and
Paul Narayanan; October 1998; ISBN 0471111899 |
| This essential resource draws upon financial insights derived from the S&L crisis of the 80s, as well as newly emerging financial practices in today's derivatives markets, to illustrate today's most innovative and homogenized approaches to controlling credit risk. The author exhaustively reviews every important, emerging technique of credit risk management and evaluates its impact on today's global financial markets. |
| Buy
from Amazon |
|
| Risk
Management in Banking |
| by Joel Bessis; January 1998; ISBN |
| Risk management and efficient asset allocation are the watch-words of modern banking, not only for profitability and security, but also to comply with the increasingly stringent international regulations laid down by the Bank of International Settlements. This book examines all aspects of financial risk management in banking-from global considerations right down to the management of a particular profit center. It details the very latest techniques including VAR and is up-to-date with the latest regulations on capital adequacy. |
| Buy
from Amazon |
|
| 1997 |
| Derivatives
Handbook : Risk Management and Control |
| edited by Robert J. Schwartz and Clifford W.
Smith; May 1997; ISBN 0471157651 |
| Two of the field's leading experts bring together the
best cutting-edge thinking on derivatives to provide a comprehensive and accessible resource on risk management.
This handbook presents a cogent, clear-eyed, and fresh perspective with an all-star roster of leading practitioners, academics, attorneys, accountants, consultants, and professionals who share their invaluable insights. These seasoned players provide incisive discussions on a wide range of topics, including Risk and Regulation in Derivatives Markets, Credit Derivatives, and Minimizing Operations Risk. Plus, there are comprehensive sections dedicated to case law and legal risk, risk measurement, risk oversight, regulation, and transparency and disclosure.
For further guidance, Derivatives Handbook provides a concise survey of literature on some of the most significant scholarship in recent years. This book contains a wealth of probing, informative articles for not only finance professionals, but also for senior managers, corporate boards, lawyers, students, and anyone with an interest in the financial markets. |
| Buy
from Amazon |
|
