ISBN 9781118278543,Advanced Financial Risk Management

Advanced Financial Risk Management


John Wiley



John Wiley

Publication Year 2013

ISBN 9781118278543

ISBN-10 1118278542

Hard Back

Edition 2nd
Number of Pages 480 Pages
Language (English)

Business & management

Practical tools and advice for managing financial risk, updated for a postcrisis world Advanced Financial Risk Management bridges the gap between the idealized assumptions used for risk valuation and the realities that must be reflected in management actions. It explains, in detailed yet easytounderstand terms, the analytics of these issues from A to Z, and lays out a comprehensive strategy for risk management measurement, objectives, and hedging techniques that apply to all types of institutions. Written by experienced risk managers, the book covers everything from the basics of present value, forward rates, and interest rate compounding to the wide variety of alternative term structure models. Revised and updated with lessons from the 20072010 financial crisis, Advanced Financial Risk Management outlines a framework for fully integrated risk management. Credit risk, market risk, asset and liability management, and performance measurement have historically been thought of as separate disciplines, but recent developments in financial theory and computer science now allow these views of risk to be analyzed on a more integrated basis. The book presents a performance measurement approach that goes far beyond traditional capital allocation techniques to measure riskadjusted shareholder value creation, and supplements this strategic view of integrated risk with stepbystep tools and techniques for constructing a risk management system that achieves these objectives. Practical tools for managing risk in the financial world Updated to include the most recent events that have influenced risk management Topics covered include the basics of present value, forward rates, and interest rate compounding; American vs. European fixed income options; default probability models; prepayment models; mortality models; and alternatives to the Vasicek model Comprehensive and indepth, Advanced Financial Risk Management is an essential resource for anyone working in the financial field.