{"product_id":"risk-management-and-financial-institutions-isbn-9781119932482","title":"Risk Management and Financial Institutions","description":"\u003cp\u003e\u003cb\u003eRISK MANAGEMENT AND FINANCIAL INSTITUTIONS\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eTHE GOLD STANDARD IN FINANCIAL RISK MANAGEMENT TEXTBOOKS\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn the newly revised sixth edition of \u003ci\u003eRisk Management and Financial Institutions\u003c\/i\u003e, celebrated risk and derivatives expert John C. Hull delivers an incisive and comprehensive discussion of financial risk and financial institution regulation. In the book, you’ll learn to understand the financial markets, the risks they pose to various kinds of financial institutions, and how those risks are affected by common regulatory structures.\u003c\/p\u003e \u003cp\u003eThis book blends discussion of best practices in risk management with holistic treatments of how financial institutions are regulated. It explores market, credit, liquidity, model, climate, cyber, and operational risk.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eThis latest edition also offers:\u003c\/b\u003e\u003c\/p\u003e \u003cul\u003e \u003cli\u003eUpdated ancillary and digital materials covering all the latest content, including software, practice questions, and teaching supplements\u003c\/li\u003e \u003cli\u003eAccess to an updated website that reflects the new content\u003c\/li\u003e \u003cli\u003eFulsome coverage of the most important financial market developments since the publication of the fifth edition, including regulatory changes, the growing importance of climate risk, the use of machine learning models, and the disappearance of LIBOR\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eA must-have resource for undergraduate and graduate students of business and finance, \u003ci\u003eRisk Management and Financial Institutions, Sixth Edition\u003c\/i\u003e, cements this celebrated text as the gold standard in risk management resources.\u003c\/p\u003e \u003cp\u003eBusiness Snapshots xxiii\u003c\/p\u003e \u003cp\u003ePreface xxv\u003c\/p\u003e \u003cp\u003eChapter 1 Introduction: Risk-Return Trade-offs 1\u003c\/p\u003e \u003cp\u003ePart 1: Financial Institutions 23\u003c\/p\u003e \u003cp\u003eChapter 2 Banks 25\u003c\/p\u003e \u003cp\u003eChapter 3 Insurance Companies and Pension Plans 47\u003c\/p\u003e \u003cp\u003eChapter 4 Fund Managers 75\u003c\/p\u003e \u003cp\u003ePart 2: Financial Markets 97\u003c\/p\u003e \u003cp\u003eChapter 5 Financial Instruments 99\u003c\/p\u003e \u003cp\u003eChapter 6 The OTC Derivatives Market 129\u003c\/p\u003e \u003cp\u003eChapter 7 Securitization and the Global Financial Crisis 145\u003c\/p\u003e \u003cp\u003eChapter 8 Volatility 163\u003c\/p\u003e \u003cp\u003eChapter 9 Correlations and Copulas 193\u003c\/p\u003e \u003cp\u003eChapter 10 Valuation and Scenario Analysis 217\u003c\/p\u003e \u003cp\u003ePart 3: Market Risk 231\u003c\/p\u003e \u003cp\u003eChapter 11 Value at Risk and Expected Shortfall 233\u003c\/p\u003e \u003cp\u003eChapter 12 Historical Simulation and Extreme Value Theory 257\u003c\/p\u003e \u003cp\u003eChapter 13 Model-Building Approach 279\u003c\/p\u003e \u003cp\u003eChapter 14 Interest Rate Risk 293\u003c\/p\u003e \u003cp\u003eChapter 15 Derivatives Risk 319\u003c\/p\u003e \u003cp\u003eChapter 16 Scenario Analysis and Stress Testing 347\u003c\/p\u003e \u003cp\u003ePart 4: Credit Risk 365\u003c\/p\u003e \u003cp\u003eChapter 17 Estimating Default Probabilities 367\u003c\/p\u003e \u003cp\u003eChapter 18 xVAs 393\u003c\/p\u003e \u003cp\u003eChapter 19 Credit Value at Risk 413\u003c\/p\u003e \u003cp\u003ePart 5: Other Risks 429\u003c\/p\u003e \u003cp\u003eChapter 20 Operational Risk 431\u003c\/p\u003e \u003cp\u003eChapter 21 Liquidity Risk 449\u003c\/p\u003e \u003cp\u003eChapter 22 Model Risk Management 477\u003c\/p\u003e \u003cp\u003eChapter 23 Climate Risk, ESG, and Sustainability 497\u003c\/p\u003e \u003cp\u003eChapter 24 Enterprise Risk Management 513\u003c\/p\u003e \u003cp\u003ePart 6: Regulation 531\u003c\/p\u003e \u003cp\u003eChapter 25 Basel I, Basel II, and Solvency II 533\u003c\/p\u003e \u003cp\u003eChapter 26 Basel II.5, Basel III, and Other Post-Crisis Changes 563\u003c\/p\u003e \u003cp\u003eChapter 27 Fundamental Review of the Trading Book 585\u003c\/p\u003e \u003cp\u003eChapter 28 Economic Capital and RAROC 599\u003c\/p\u003e \u003cp\u003ePart 7: Other Topics 617\u003c\/p\u003e \u003cp\u003eChapter 29 Financial Innovation 619\u003c\/p\u003e \u003cp\u003eChapter 30 Risk Management Mistakes to Avoid 641\u003c\/p\u003e \u003cp\u003ePart 8: Appendices 653\u003c\/p\u003e \u003cp\u003eAppendix A Compounding Frequencies for Interest Rates 655\u003c\/p\u003e \u003cp\u003eAppendix B Zero Rates, Forward Rates, and Zero-Coupon Yield Curves 659\u003c\/p\u003e \u003cp\u003eAppendix C Valuing Forward and Futures Contracts 663\u003c\/p\u003e \u003cp\u003eAppendix D Valuing Swaps 665\u003c\/p\u003e \u003cp\u003eAppendix E Valuing European Options 669\u003c\/p\u003e \u003cp\u003eAppendix F Valuing American Options 673\u003c\/p\u003e \u003cp\u003eAppendix G Taylor Series Expansions 677\u003c\/p\u003e \u003cp\u003eAppendix H Eigenvectors and Eigenvalues 681\u003c\/p\u003e \u003cp\u003eAppendix I Principal Components Analysis 685\u003c\/p\u003e \u003cp\u003eAppendix J Manipulation of Credit Transition Matrices 687\u003c\/p\u003e \u003cp\u003eAppendix K Valuation of Credit Default Swaps 689\u003c\/p\u003e \u003cp\u003eAppendix L Synthetic CDOs and Their Valuation 693\u003c\/p\u003e \u003cp\u003eAppendix M SIMM 697\u003c\/p\u003e \u003cp\u003eAnswers to Questions and Problems 701\u003c\/p\u003e \u003cp\u003eGlossary 743\u003c\/p\u003e \u003cp\u003eRMFI Software 771\u003c\/p\u003e \u003cp\u003eTable for N(x) When x ≥ 0 775\u003c\/p\u003e \u003cp\u003eTable for N(x) When x ≤ 0 777\u003c\/p\u003e \u003cp\u003eIndex 779\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003e\u003cb\u003eJOHN C. HULL\u003c\/b\u003e is the Maple Financial Professor of Derivatives and Risk Management at the Joseph L. Rotman School of Management, University of Toronto. He is academic director of Rotman's Financial Innovation Lab (FinHub), senior advisor to the Global Association of Risk Professionals (GARP), and a senior research fellow at the Global Risk Institute in Financial Services. He has been a consultant to many North American, Japanese, and European financial institutions.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eTHE GOLD STANDARD IN FINANCIAL RISK MANAGEMENT TEXTBOOKS\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIn the newly revised sixth edition of \u003ci\u003eRisk Management and Financial Institutions\u003c\/i\u003e, celebrated risk and derivatives expert John C. Hull delivers an incisive and comprehensive discussion of financial risk and financial institution regulation. In the book, you’ll learn to understand the financial markets, the risks they pose to various kinds of financial institutions, and how those risks are affected by common regulatory structures. \u003c\/p\u003e\u003cp\u003eThis book blends discussion of best practices in risk management with holistic treatments of how financial institutions are regulated. It explores market, credit, liquidity, model, climate, cyber, and operational risk. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eThis latest edition also offers:\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e\u003cb\u003e\u003cli\u003eUpdated ancillary and digital materials covering all the latest content, including software, practice questions, and teaching supplements\u003c\/li\u003e \u003cli\u003eAccess to an updated website that reflects the new content\u003c\/li\u003e \u003cli\u003eFulsome coverage of the most important financial market developments since the publication of the fifth edition, including regulatory changes, the growing importance of climate risk, the use of machine learning models, and the disappearance of LIBOR\u003c\/li\u003e\u003c\/b\u003e\u003c\/ul\u003e \u003cp\u003eA must-have resource for undergraduate and graduate students of business and finance, \u003ci\u003eRisk Management and Financial Institutions, Sixth Edition\u003c\/i\u003e, cements this celebrated text as the gold standard in risk management resources.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989966930149,"sku":"NP9781119932482","price":135.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119932482.jpg?v=1761786061","url":"https:\/\/k12savings.com\/es\/products\/risk-management-and-financial-institutions-isbn-9781119932482","provider":"K12savings","version":"1.0","type":"link"}