Risk Management and Analysis, Measuring and Modelling Financial Risk (Wiley Series in Financial Engineering) (Volume 1) [Hardcover]

Carol Alexander (Editor)

Book Description

ISBN-10: 0471979570 | ISBN-13: 978-0471979579 | Publication Date: February 3, 1999

Risk Management and Analysis Volume 1 Measuring and Modelling Financial Risk Edited by Carol Alexander In the two years since the publication of The Handbook of Risk Management and Analysis interest and the practice of management, modelling and control of financial risks has grown enormously. The author/editor has produced two stand-alone or companion volumes. Only one third of the original material remains. Measuring and Modelling Financial Risk has been structured in four parts: the first three chapters survey standard approaches to measuring and modelling financial risk from the risk manager perspective, Chapters 4 and 5 are aimed primarily at quantitative risk analysts whose job it is to put the systems in place. Chapters 6 and 7 discuss important issues in IT and systems design, and the last two chapters cover pricing and risk management of credit-risky products. Leading figures in the field contribute: Michel Crouhy, Dan Galai and Robert Mark, Stan Beckers, Thomas Wilson, Mark Broadie and Paul Glasserman, Nigel Webb, Ron Dembo, Robert Jarrow and Stuart Turnbull, and Lee Wakeman. "Risk management is becoming an increasingly important activity for financial institutions, fund managers, and corporate treasurers. It used to be the case that the brightest 'quants' were used to design and value ever-more-exotic derivatives. Now increasingly they are finding that their talents can best be put to work in risk management. In this volume Carol Alexander has gathered together nine articles concerned with different aspects of risk management and analysis. The topics covered include the regulatory framework, volatility and correlation models, value at risk, and credit risk. The book will provide a valuable source of reference material for both market participants and students." John Hull, August 1998

Editorial Reviews

Review

"In what started as a second edition of the well received Handbook of Risk Management and Analysis, Carol Alexander has taken up the challenge of the increasing complexity of today's markets by selecting additional material to cover new aspects of risk modelling and new products, hence the present two volume edition. As before, the authors are well known not only for their expository skills. Sound theories and tried and tested methods are explained; new markets and products are clearly described. This is essential reading for the growing community of quantitatively-minded risk managers.", Dr Jacques Pezier, September 1998, , #

From the Publisher

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.

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Product Details

• Hardcover: 304 pages
• Publisher: Wiley (February 3, 1999)
• Language: English
• ISBN-10: 0471979570
• ISBN-13: 978-0471979579
• Product Dimensions: 9.9 x 6.9 x 1.1 inches
• Shipping Weight: 1.5 pounds (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #1,583,819 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

12 of 15 people found the following review helpful:

4.0 out of 5 stars Good Coverage, March 24, 2000

By 

sirgawin (Singapore) - See all my reviews

This review is from: Risk Management and Analysis, Measuring and Modelling Financial Risk (Wiley Series in Financial Engineering) (Volume 1) (Hardcover)

This book covers the topic very well. It is clear and concise. Useful for anyone who wants an overview of risk management concepts. But if you are like me who understands better with lots of numbers and examples, this is not it.

12 of 15 people found the following review helpful:

4.0 out of 5 stars Financial Models Using Simulation and Optimaization, December 16, 1999

By 

Elvis Greyhound (Indiana, U.S.A.) - See all my reviews

This review is from: Risk Management and Analysis, Measuring and Modelling Financial Risk (Wiley Series in Financial Engineering) (Volume 1) (Hardcover)

A good book to tell you methodical risk analysis in the area of fincance and marketing. If more interpretaions of analysis results written there, I would have rated it as "5" stars.