{"product_id":"beyond-value-at-risk-isbn-9780471976226","title":"Beyond Value at Risk","description":"Finance\/Investment Beyond Value at Risk The New Science of Risk Management A Comprehensive Guide to Value at Risk and Risk Management Risk management and measurement are now, without doubt, the hottest topics in the finance world. Today, quantifying risk management is not only a management tool - but is also used by regulators for banks and finance houses. Beyond Value at Risk provides a comprehensive guide to recent developments and existing approaches to VaR and risk management, going beyond traditional approaches to the subject and offering a new, far-reaching perspective on investment, hedging and portfolio decision-making. The key to this distinctive approach is a new decision rule - the 'Generalised Sharpe Rule', and its practical applications. Beyond Value at Risk provides the answers to key questions, including:\u003cbr\u003e * How to implement VaR and related systems in the real world\u003cbr\u003e * How to make vital investment decisions and estimate their effect\u003cbr\u003e * How to make hedging decisions\u003cbr\u003e * How to manage a portfolio\u003cbr\u003e It offers financial professionals, academics and students comprehensive coverage of VaR both in theory and practice.Risikoabschatzung und -management - ein 'hei?es' Thema der internationalen Finanzwelt, und das nicht erst seit dem Zusammenbruch von Barings! Dieses Buch erlautert die wichtigsten Methoden der Risikobewertung, insbesondere VAR ('Value at Risk'), in einfacher, verstandlicher Form und untersucht die theoretischen Grundlagen der Hilfsmittel und Techniken, anhand derer Finanzdienstleister ihr Risiko berechnen.  INTRODUCTION TO VAR.\u003cbr\u003e \u003cbr\u003e The Risk Management Revolution.\u003cbr\u003e \u003cbr\u003e VaR Basics.\u003cbr\u003e \u003cbr\u003e DIFFERENT APPROACHES TO MEASURING VAR.\u003cbr\u003e \u003cbr\u003e The Variance-Covariance Approach.\u003cbr\u003e \u003cbr\u003e The Historical Simulation Approach.\u003cbr\u003e \u003cbr\u003e Monte Carlo Simulation and Related Approaches.\u003cbr\u003e \u003cbr\u003e Stress Testing.\u003cbr\u003e \u003cbr\u003e RISK MANAGEMENT.\u003cbr\u003e \u003cbr\u003e Risk-Adjusting Returns and Evaluating Performance.\u003cbr\u003e \u003cbr\u003e Decision Making.\u003cbr\u003e \u003cbr\u003e Credit Risk.\u003cbr\u003e \u003cbr\u003e Liquidity, Operational and Legal Risks.\u003cbr\u003e \u003cbr\u003e Allocating Capital.\u003cbr\u003e \u003cbr\u003e Firm-Wide Risk Management.\u003cbr\u003e \u003cbr\u003e Glossary of Main Terms.\u003cbr\u003e \u003cbr\u003e Bibliography.\u003cbr\u003e \u003cbr\u003e Indexes.  \u003cp\u003e\u003cstrong\u003eKevin Dowd\u003c\/strong\u003e 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 \u003cem\u003eCompetition and Finance: A Reinterpretation of Financial and Monetary Economics\u003c\/em\u003e (1996), and \u003cem\u003eLaissez-Faire Banking\u003c\/em\u003e (1993). He also edited \u003cem\u003eThe Experience of Free Banking\u003c\/em\u003e (1992).   Beyond Value at Risk The New Science of Risk Management A Comprehensive Guide to Value at Risk and Risk Management Risk management and measurement are now, without doubt, the hottest topics in the finance world. Today, quantifying risk management is not only a management tool - but is also used by regulators for banks and finance houses. Beyond Value at Risk provides a comprehensive guide to recent developments and existing approaches to VaR and risk management, going beyond traditional approaches to the subject and offering a new, far-reaching perspective on investment, hedging and portfolio decision-making. The key to this distinctive approach is a new decision rule - the 'Generalised Sharpe Rule', and its practical applications. Beyond Value at Risk provides the answers to key questions, including:\u003cbr\u003e * How to implement VaR and related systems in the real world\u003cbr\u003e * How to make vital investment decisions and estimate their effect\u003cbr\u003e * How to make hedging decisions\u003cbr\u003e * How to manage a portfolio\u003cbr\u003e It offers financial professionals, academics and students comprehensive coverage of VaR both in theory and practice.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988808941797,"sku":"NP9780471976226","price":114.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471976226.jpg?v=1761781674","url":"https:\/\/k12savings.com\/products\/beyond-value-at-risk-isbn-9780471976226","provider":"K12savings","version":"1.0","type":"link"}