Risk management is one of the most critical areas in investment and finance-especially in today's volatile trading environment. With Risk Management: Framework, Methods, and Practice you'll learn about risk management across industries through firsthand, real life war stories rather than mathematical formulas. Concise and readable, it covers both the theoretical underpinnings of risk management, as well as practical techniques for coping with financial market volatility. Focardi and Jonas give you a broad conceptual view of risk management: how far we have progressed, and the problems that remain. Using vivid analogies, this book takes you through key risk measurement issues such as fat tails and extreme events, the pros and cons of VAR, and the different ways of modeling credit risk. This book is a rarity in that it does not presuppose any knowledge of sophisticated mathematical techniques, but rather interprets these in their intuitive sense.
Book Description
Editorial Reviews
Review
This book gives a valuable view of risk management across industries in the language of war stories rather than through mathematical formulas. Focardi and Jonas give a broad conceptual view of risk management: how far we have progressed, and the problems that remain... With vivid analogies, the book leads the reader through the key risk measurement issues such as fat tails and extreme events, the pros and cons of VAR, and the different ways of modeling credit risk... This book is a rarity in that it does not presuppose any knowledge of sophisticated mathematical techniques, but rather interprets these in their intuitive sense. -- Risk, July 1998
Understanding the factors which determine risk requires financial services groups to keep pace with academic research ... According to [Focardi and Jonas's new book] the key issue in risk management could be the attempts to predict how economic developments influence market prices. The problem in attempting to forecast the economy is that ... social systems are marked by self-referentiality... The approach to the problem... is twofold: to pick apart where conventional theory fails to describe the real world and to try to examine, at the individual level, how decisions are taken. -- The Financial Times, Dec. 29, 1997
Understanding the factors which determine risk requires financial services groups to keep pace with academic research ... According to [Focardi and Jonas's new book] the key issue in risk management could be the attempts to predict how economic developments influence market prices. The problem in attempting to forecast the economy is that ... social systems are marked by self-referentiality... The approach to the problem... is twofold: to pick apart where conventional theory fails to describe the real world and to try to examine, at the individual level, how decisions are taken. -- The Financial Times, Dec. 29, 1997
From the Back Cover
Risk management is one of the most critical areas in investment and finance–especially in today’s volatile trading environment. With Risk Management: Framework, Methods, and Practice you’ll learn about risk management across industries through firsthand, real life war stories rather than mathematical formulas. Concise and readable, it covers both the theoretical underpinnings of risk management, as well as practical techniques for coping with financial market volatility. Focardi and Jonas give you a broad conceptual view of risk management: how far we have progressed, and the problems that remain. Using vivid analogies, this book takes you through key risk measurement issues such as fat tails and extreme events, the pros and cons of VAR, and the different ways of modeling credit risk. This book is a rarity in that it does not presuppose any knowledge of sophisticated mathematical techniques, but rather interprets these in their intuitive sense.
Product Details
Would you like to update product info or give feedback on images?
|
Customer Reviews
|
There are no customer reviews yet.
|
|||
|
Video reviews
|
Tag this product(What's this?)Think of a tag as a keyword or label you consider is strongly related to this product.
Tags will help all customers organize and find favorite items. |
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
