Elements of Financial Risk Management |  | Author: Peter Christoffersen
Publisher: Academic Press
Category: Book
List Price: $98.95
Buy New: $66.40
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Seller: MEDIASTAR_BOOKSTORE
Rating:  10 reviews
Sales Rank: 233027
Media: Hardcover
Pages: 214
Number Of Items: 1
Shipping Weight (lbs): 0.9
Dimensions (in): 9.2 x 6.1 x 0.8
ISBN: 0121742326
Dewey Decimal Number: 658.155
EAN: 9780121742324
ASIN: 0121742326
Publication Date: August 5, 2003
Availability: Usually ships in 1-2 business days
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Product Description
Value-at-Risk has emerged as the standard tool for measuring and reporting financial market risk. Currently, more than eighty commercial vendors offer enterprise or trading risk management systems that provide VAR-like measures. Risk managers are therefore often left with the daunting task of having to choose from this plethora of risk measures.
While basic VAR textbooks describe average VAR situations, the vast majority of these situations are abnormal. Elements of Financial Risk Management focuses on implementation, especially recent techniques which facilitate "bridging the gap" between standard textbooks on risk and real-life risk management systems. This book will appeal to practitioners in the financial services and investment industries, as well as graduate students and advanced undergraduates who want exposure to these techniques.
*Pinpoints key features of risk asset returns and captures them in tractable statistical models in the
accompanying CD-ROM
*Presents step-by-step approaches as a means to solve problems
*Visible patterns in the data motivate the choices of tools, and when tools fall short, it presents the next tool
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| Customer Reviews:
Showing reviews 1-5 of 10
Excellent Purchase November 21, 2003
Gregory Vainberg (Canada)
4 out of 4 found this review helpful
This text provides a comprehensive introduction to the growing field of modern Risk Management. Strong points include a very readable section on statistical modeling for volatility and correlation accompanied by many practical excel exercises that enable the reader to apply the theory first hand. The author complements the theory nicely with simple intuitive explanations. I would definitely recommend this book to anyone interested in learning about the theory and practice of risk anagement.
Great Book October 14, 2003
vadim di pietro (USA)
4 out of 4 found this review helpful
I think this book is a must read for anyone who is currently involved or plans to be involved in the world of Risk Management or even Finance in general. It's a really pleasant read as Christoffersen provides intuitive and clear explanations to back up all his models. Topics that would otherwise be difficult to wrap your head around all of a sudden make sense!
Clear and concise February 5, 2004
1 out of 1 found this review helpful
The book has its materials laid out clearly with stated goals and conclusions to keep readers well focused. It gives a very concise yet clear explainations to the recent advancements in risk managment. The mathematics in this book isn't difficult for the beginners, yet it can be challenging to those advanced readers who want to get technical; this book is for everyone! Moreover, you can try it! - a real hand on practice by doing the excercises included in the CD-rom. This book really gave me a practical intuition to the those time-series methods that were taught in the graduate econometrics course. This book is a gold mine among the students and practitioners of financial risk management.
A great resource for risk management students August 26, 2005
Donadei Giorgio (Milano, Italy)
1 out of 1 found this review helpful
I'm very satisfied with this book. It covers many aspects of finance that should be applied in order to be fully understood.
Clear and concised! Great book January 23, 2004
Chayawat Ornthanalai (Bangkok, Thailand)
The book has its materials laid out clearly with stated goals and conclusions to keep readers well focused. It gives a very concise yet amazingly clear explainations to the recent advancements in risk managment. The mathematics included in this book isn't difficult for the beginners yet it is still challenging to those advanced readers who want to get technical; this book is for everyone! Plus you can get a hand on practice by doing the excercises included in the CD-rom. For me, this book gives me a practical intuition to the those time-series methods that were taught in the graduate econometrics course.
Showing reviews 1-5 of 10
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