Risk measurement and management is now the most important issue in finance – within finance houses internationally. Not only are they desperate to avoid the fate of Barings Bank, but also they have the various market regulators breathing down their necks. This book explains the most important measures of risk – particularly VAR – in a simple and accessible text. This book examines the concepts underlying the main tools and techniques used by financial institutions in quantifying their risk exposure. Quantifying risk exposure is now not only a management tool, but also a regulatory requirement for banks and investment houses.
Book Details:
- Author: Kevin Dowd
- ISBN: 9780470329047
- Year Published: 1999
- Pages: 286
- BISAC: BUS036000, BUSINESS & ECONOMICS/Investments & Securities / General
About the Book and Topic:
Risk measurement and management is now the most important issue in finance – within finance houses internationally. Not only are they desperate to avoid the fate of Barings Bank, but also they have the various market regulators breathing down their necks. This book explains the most important measures of risk – particularly VAR – in a simple and accessible text. This book examines the concepts underlying the main tools and techniques used by financial institutions in quantifying their risk exposure. Quantifying risk exposure is now not only a management tool, but also a regulatory requirement for banks and investment houses.
Explains the theory and describes current practice. * Comprehensive coverage of the ‘Value at Risk’ methodology. * The only comprehensive text on this vital issue to include details of approaches, applications, methods, and management issues.
About the Author
Kevin Dowd is Professor and Head of Economics at the University of Sheffield, England, and is an Adjunct Scholar at the Cato Institute, Washington DC. Prior to this he was Professor of Financial Economics at Sheffield Hallam University and Reader in Monetary Economics at the University of Nottingham. His previous works include Competition and Finance: A Reinterpretation of Financial and Monetary Economics (1996), and Laissez-Faire Banking (1993). He also edited The Experience of Free Banking (1992).