Worldwide Asset and Liability Modeling (Publications of the Newton Institute) [Hardcover]

William T. Ziemba (Editor), John M. Mulvey (Editor)

Book Description

Publication Date: November 13, 1998 | ISBN-10: 0521571871 | ISBN-13: 978-0521571876

This volume shows how to invest assets over time to achieve satisfactory returns subject to uncertainties, various constraints and liability commitments. The papers utilize several approaches and integrate a number of techniques as well as discussing a variety of models that have either been implemented, are close to being implemented or represent new innovative approaches that may lead to future novel applications, that is, financial engineering. This is essential reading for all involved in analyzing the financial markets.

Editorial Reviews

Review

"The combination of theoretical papers and practical discussions of actual asset/liability management (`ALM') models make for an appealing wealth of inforamtion bound in one volume. Unlike many treatments of ALM modeling problems --especially in the practitioner literature--this book has the strength of tackling a fairly technical in broad manner. The book should have great appeal to those whose responsibility it is to solve ALM modeling problems. In addition, it is an excellent introduction for those outside the field to both the strategic and the technical issues facing ALM modelers today." Financial Engineering News

Book Description

This volume shows how to invest assets over time to achieve satisfactory returns subject to uncertainties, various constraints and liability commitments. The papers utilize several approaches and integrate a number of techniques as well as discussing a variety of models that have either been implemented, are close to being implemented or represent new innovative approaches that may lead to future novel applications, that is, financial engineering. All in all, this is essential reading for all involved in analysing the financial markets.

Product Details

• Hardcover: 680 pages
• Publisher: Cambridge University Press (November 13, 1998)
• Language: English
• ISBN-10: 0521571871
• ISBN-13: 978-0521571876
• Product Dimensions: 9.1 x 6.2 x 2.2 inches
• Shipping Weight: 2.5 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #2,436,111 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

10 of 17 people found the following review helpful:

5.0 out of 5 stars Understand other's models to build yours, May 19, 2000

By 

Alberto (Brescia, Italy) - See all my reviews

This review is from: Worldwide Asset and Liability Modeling (Publications of the Newton Institute) (Hardcover)

I was looking for mathematical models to build an ALM software and obtain the best performances from this software. None of the theories shown in this book perfectly matches my customers' requests, I could proudly build my own model, joining some of the models I read to grant my customers' satisfaction. Thanks to the Newton Institute, I could find both existing and currently building models.