Risk Management and Analysis, New Markets and Products (Wiley Series in Financial Engineering) (Volume 2) (Hardcover)

~ Carol Alexander (Editor) "Many persons have not a distinct perception of the risk of lending to a country in a wholly different state of civilisation..." (more)
Key Phrases: instalment options, volatility cones, contingent premium options, Credit Swap, Reference Entity, Reference Obligation (more...)

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, , #

Product Description

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. New Markets and Products begins with two chapters on emerging markets. The book then goes on to cover markets and products of increasing complexity: standard equity and interest rate derivatives, exotic options, swaps (and swaptions), volatility trading and finally credit derivatives. The contributors are all acknowledged experts in their field: Michael Howell, Mark Fox, Ian King, Chris Rogers, Andrew Street, Riccardo Rebonato, Edmond Levy, Bryan Thomas, Vincent Lacoste, Desmond Fitzgerald and Blythe Masters. New Markets and Products will be an essential reference tool for risk managers, institutional investors, fund managers, bankers, corporate treasurers and financial consultants.

"In this volume Carol Alexander has gathered together ten articles that are concerned with important recent developments in financial markets. Two of the articles are concerned with emerging markets. They explore the reasons for their growth and the nature of the investment opportunities available. The remaining eight articles are concerned with derivatives. There are chapters on equity derivatives, interest rate derivatives, exotic options, volatility trading, and credit derivatives. The final chapter on credit derivatives is particularly timely. This market is in the process of transforming the way banks manage credit risk. I have seen no other discussion of the market as comprehensive and useful as that provided by Blythe Masters. Market participants and students alike will find much useful and thought-provoking information in this volume." John Hull, August 1998

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Product Details

• Hardcover: 360 pages
• Publisher: Wiley (February 2, 1999)
• Language: English
• ISBN-10: 0471979597
• ISBN-13: 978-0471979593
• Product Dimensions: 9 x 6.2 x 1.1 inches
• Shipping Weight: 1.4 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (4 customer reviews)
• Amazon.com Sales Rank: #2,338,482 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

2 of 2 people found the following review helpful:

4.0 out of 5 stars Excellent content, but misleading title., October 11, 2001

By	R. Hall (Turnersville, NJ USA) - See all my reviews (REAL NAME)

This book is a continuation of volume 1 - being that it is purely focused on financial markets and financial products. I was looking for a book on managing risk surrounding the development of new products (i.e. goods) and services for the market place. These issues are VERY different than those surrounding financial products in a nearly efficient market. I'll keep the book for the excellent content, but beware - it's probably not what you might expect!

3 of 4 people found the following review helpful:

5.0 out of 5 stars Great Collection of Papers, July 23, 1997

By A Customer

This review is from: The Handbook of Risk Management and Analysis (Hardcover)

The chapters on Interest Rate Option Models (Riccardo Rebonato) and Calculating Risk Capital (Thomas Wilson) are great critical surveys on their respective topic

5.0 out of 5 stars Great Collection of Papers, July 23, 1997

By A Customer

This review is from: The Handbook of Risk Management and Analysis (Hardcover)

The chapters on Interest Rate Option Models (Riccardo Rebonato) and Calculating Risk Capital (Thomas Wilson) are great critical surveys on their respective topic