Risk Management: Value at Risk and Beyond

Description

The theory of Value at Risk (VaR), which quantifies the probability of large losses in financial transactions, won the Nobel Prize in economics for Robert Merton. As trading systems have become more complex, however, the dangers of very large losses have become more acute. The near collapse of the hedge fund Long-Term Capital Management, based on the VaR theory, is perhaps the most spectacular example: it was not stable against large and sudden fluctuations in the financial markets. This collection of papers by leading researchers addresses the weaknesses of VaR and how it might be possible to circumvent them. A crucial question is to establish what is a good measure of risk, and the further developments of VaR are considered in this light.

Disclaimer:
Contents of this page are indexed from the Internet. All actions are under your responsability. Email us to report illegal contents or external links and we'll remove them immediately.

Please check the description for download links if any or do a search to find alternative books.

Can't Download?
Please search mirrors if you can't find download links for "Risk Management: Value at Risk and Beyond" in "Description" and someone else may update the links. Check the comments when back to find any updates.

Search Mirrors
Maybe some mirror pages will be helpful, search this book at top of this page or click here to find more info.

1. Ebooks list page : 2704
2. [request_ebook] Climate Risk and the Weather Market: Financial Risk Management with Weather Hedges
3. Making Enterprise Risk Management Pay Off: How Leading Companies Implement Risk Management (Repost)
4. [request_ebook] \\\"Counterparty Credit Risk Modelling - Risk Management Pricing and Regulation\\\"
5. Hedge Fund Risk Fundamentals Solving the Risk Management and Transparency Challenge
6. Hedge Fund Risk Fundamentals: Solving the Risk Management and Transparency Challenge
7. Theory of Financial Risk and Derivative Pricing : From Statistical Physics to Risk Management
8. Handbook of Integrated Risk Management for E-Business: Measuring, Modeling, and Managing Risk
9. Operational Risk with Excel and VBA: Applied Statistical Methods for Risk Management (REPOST)
10. Theory of Financial Risk and Derivative Pricing : From Statistical Physics to Risk Management
11. Hedge Fund Risk Fundamentals: Solving the Risk Management and Transparency Challenge
12. Hedge Fund Risk Fundamentals: Solving the Risk Management and Transparency Challenge
13. Hedge Fund Risk Fundamentals: Solving the Risk Management and Transparency Challenge
14. Alternative Risk Transfer: Integrated Risk Management through Insurance, Reinsurance
15. Integrated Risk Management: Techniques and Strategies for Managing Corporate Risk
16. Managing Strategic Surprise: Lessons from Risk Management and Risk Assessment