Financial Risk Management is equally suitable for firm risk managers, economists, and policy makers seeking grounding in the subject. This timely guide skillfully surveys the landscape of financial risk and the financial developments of recent decades that culminated in the crisis. The book provides a comprehensive overview of the different types of financial risk we face, as well as the techniques used to measure and manage them. Topics covered include:Market risk, from Value-at-Risk (VaR) to risk models for optionsCredit risk, from portfolio credit risk to structured credit productsModel risk and validationRisk capital and stress testingLiquidity risk, leverage, systemic risk, and the forms they takeFinancial crises, historical and current, their causes and characteristicsFinancial regulation and its evolution in the wake of the global crisisAnd much more
Combining the more model-oriented approach of risk management-as it has evolved over the past two decades-with an economist's approach to the same issues, Financial Risk Management is the essential guide to the subject for today's complex world.
About Allan M. MalzSee more books from this Author
Malz, currently a senior analytical advisor in the Markets Group at the Federal Reserve Bank of New York and a faculty member at Columbia University and earlier a trader and risk manager, has written a thorough account of the principles of risk management and the challenges facing risk manage...Nov 16 2011 | Read Full Review of Financial Risk Management: Mo...