Du sparer 12% fra forlagets pris Du sparer 21% fra forlagets pris
Economic Foundations Of Risk Management, The: Theory, Practice, And Applications

Economic Foundations Of Risk Management, The: Theory, Practice, And Applications

af

  • Forlagets pris kr. 759,95
  • Leveringstid 5-9 hverdage
  • Forventet levering 04-05-2018
Køb til medlemspris og få altid fri fragt. Prøv 14 dage gratis (herefter 79,-/md.). Læs mere om Saxo Premium her.
Bog, hardback (kr. 664,95)
  1. Beskrivelse

    The Economic Foundations of Risk Management presents the theory, the practice, and applies this knowledge to provide a forensic analysis of some well-known risk management failures.

    Udgivelsesdato:
    04-01-2017
    Leveringstid:
    5-9 hverdage
    Rating:
    (0)
  2. Yderligere info
    Udgivelsesdato:
    04-01-2017
    Sprog:
    Engelsk
    ISBN13:
    9789813147515
    Sidetal:
    160
    Vægt:
    499
    Højde:
    18
    Bredde:
    155
    Længde:
    231
    Mærkat:
    Bog, hardback
    Format:
    Hardback
    • Bibliotekernes beskrivelse

      The Economic Foundations of Risk Management presents the theory, the practice, and applies this knowledge to provide a forensic analysis of some well-known risk management failures. By doing so, this book introduces a unified framework for understanding how to manage the risk of an individual's or corporation's or financial institution's assets and liabilities. The book is divided into five parts. The first part studies the markets and the assets and liabilities that trade therein. Markets are differentiated based on whether they are competitive or not, frictionless or not (and the type of friction), and actively traded or not. Assets are divided into two types: primary assets and financial derivatives. The second part studies models for determining the risks of the traded assets. Models provided include the Black-Scholes-Merton, the Heath-Jarrow-Morton, and the reduced form model for credit risk. Liquidity risk, operational risk, and trading constraint models are also contained therein. The third part studies the conceptual solution to an individual's, firm's, and bank's risk management problem.This formulation involves solving a complex dynamic programming problem that cannot be applied in practice. Consequently, Part IV investigates how risk management is actually done in practice via the use of diversification, static hedging, and dynamic hedging. Finally, Part V applies these collective insights to six case studies, which are famous risk management failures. These are Penn Square Bank, Metallgesellschaft, Orange County, Barings Bank, Long Term Capital Management, and Washington Mutual. The credit crisis is also discussed to understand how risk management failed for many institutions and why.

  3. Anmeldelser
    Log ind for at skrive en anmeldelse.

Andre bøger af

An Introduction to Derivative Securities, Financial Markets, and Risk Management
Financial Derivatives Pricing
Modeling Fixed-Income Securities and Interest Rate Options
An Introduction to Derivative Securities, Financial Markets, and Risk Management
Economic Foundations Of Risk Management, The: Theory, Practice, And Applications
Continuous-Time Asset Pricing Theory