{"product_id":"quantitative-financial-risk-management-isbn-9781119522201","title":"Quantitative Financial Risk Management","description":"\u003cp\u003e\u003cb\u003eA mathematical guide to measuring and managing financial risk.     \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOur modern economy depends on financial markets. Yet financial markets continue to grow in size and complexity. As a result, the management of financial risk has never been more important. \u003cbr\u003e\u003cbr\u003e \u003ci\u003eQuantitative Financial Risk Management\u003c\/i\u003e introduces students and risk professionals to financial risk management with an emphasis on financial models and mathematical techniques. Each chapter provides numerous sample problems and end of chapter questions. The book provides clear examples of how these models are used in practice and encourages readers to think about the limits and appropriate use of financial models.\u003c\/p\u003e \u003cp\u003eTopics include:\u003c\/p\u003e \u003cp\u003e•    Value at risk\u003cbr\u003e•    Stress testing\u003cbr\u003e•    Credit risk\u003cbr\u003e•    Liquidity risk\u003cbr\u003e•    Factor analysis\u003cbr\u003e•    Expected shortfall\u003cbr\u003e•    Copulas\u003cbr\u003e•    Extreme value theory\u003cbr\u003e•    Risk model backtesting\u003cbr\u003e•    Bayesian analysis\u003cbr\u003e•     . . . and much more\u003c\/p\u003e \u003cp\u003ePreface vii\u003c\/p\u003e \u003cp\u003eAbout the Author ix\u003c\/p\u003e \u003cp\u003e1 Overview of Financial Risk Management 1\u003c\/p\u003e \u003cp\u003e2 Market Risk: Standard Deviation 15\u003c\/p\u003e \u003cp\u003e3 Market Risk: Value at Risk 51\u003c\/p\u003e \u003cp\u003e4 Market Risk: Expected Shortfall, and Extreme ValueTheory 73\u003c\/p\u003e \u003cp\u003e5 Market Risk: Portfolios and Correlation 91\u003c\/p\u003e \u003cp\u003e6 Market Risk: Beyond Correlation 119\u003c\/p\u003e \u003cp\u003e7 Market Risk: Risk Attribution 151\u003c\/p\u003e \u003cp\u003e8 CreditRisk 167\u003c\/p\u003e \u003cp\u003e9 Liquidity Risk 189\u003c\/p\u003e \u003cp\u003e10 Bayesian Analysis 205\u003c\/p\u003e \u003cp\u003e11 Behavioral Economics and Risk 231\u003c\/p\u003e \u003cp\u003eAppendix A Maximum Likelihood Estimation 247\u003c\/p\u003e \u003cp\u003eAppendix B Copulas 253\u003c\/p\u003e \u003cp\u003eAnswers to End-of-Chapter Questions 257\u003c\/p\u003e \u003cp\u003eReferences 295\u003c\/p\u003e \u003cp\u003eIndex 297\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eMICHAEL B. MILLER \u003c\/b\u003eis the founder and CEO of Northstar Risk Corp. Before starting Northstar, Mr. Miller was Chief Risk Officer for Tremblant Capital and, before that, Head of Quantitative Risk Management at Fortress Investment Group. \u003c\/p\u003e\u003cp\u003eMr. Miller is the author of \u003ci\u003eMathematics and Statistics for Financial Risk Management\u003c\/i\u003e, now in its second edition, and, along with Emanuel Derman, \u003ci\u003eThe Volatility Smile\u003c\/i\u003e. He is also an adjunct professor at Columbia University and the co-chair of the Global Association of Risk Professional’s Research Fellowship Committee. Before starting his career in finance, Mr. Miller studied economics at the American University of Paris and the University of Oxford.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eFrom the bestselling author of \u003ci\u003eMathematics and Statistics for Financial Risk Management\u003c\/i\u003e comes this must-have guide to Quantitative Financial Risk Management\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eOur modern economy depends on financial markets, yet financial markets continue to grow in size and complexity. As a result, the management of financial risk has never been more important.  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eQuantitative Financial Risk Management\u003c\/i\u003e is a textbook designed to teach students about financial risk management with an emphasis on financial models and mathematical techniques. Each chapter provides numerous sample problems and end-of-chapter questions. The book provides clear examples of how these models are used in practice and encourages students to think about the limits and appropriate use of financial risk models.  \u003c\/p\u003e\u003cp\u003eTopics covered include: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eValue at risk\u003c\/li\u003e \u003cli\u003eStress testing\u003c\/li\u003e \u003cli\u003eCredit risk\u003c\/li\u003e \u003cli\u003eLiquidity risk\u003c\/li\u003e \u003cli\u003eFactor analysis\u003c\/li\u003e \u003cli\u003eExpected shortfall\u003c\/li\u003e \u003cli\u003eCopulas\u003c\/li\u003e \u003cli\u003eExtreme value theory\u003c\/li\u003e \u003cli\u003eRisk model backtesting\u003c\/li\u003e \u003cli\u003eRisk attribution\u003c\/li\u003e \u003cli\u003eBayesian analysis\u003c\/li\u003e \u003cli\u003eand much more…\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003ci\u003eQuantitative Financial Risk Management\u003c\/i\u003e is a practitioner’s textbook. Michael B. Miller draws on his own experience working in the financial industry and teaching to provide a book that is both rigorous and practical. \u003c\/p\u003e\u003cp\u003eEach chapter explores a particular topic in risk management along with various mathematical tools that can be used to understand that topic. In addition, each chapter includes a number of sample problems and end-of-chapter questions. Over the course of the book, students gain an appreciation for the challenges that risk managers face in modeling financial securities and portfolios.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989895758053,"sku":"NP9781119522201","price":85.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119522201.jpg?v=1761785829","url":"https:\/\/k12savings.com\/products\/quantitative-financial-risk-management-isbn-9781119522201","provider":"K12savings","version":"1.0","type":"link"}