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Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? To accommodate sweeping global economic changes, the risk management field has evolved substantially since the first edition of "Value at Risk", making this revised edition a must.
Updates include a new chapter on liquidity risk, information on the latest risk instruments and the expanded derivatives market, recent developments in Monte Carlo methods, and more.
Read more Read less. Customers who viewed this item also viewed. Page 1 of 1 Start over Page 1 of 1. Previous page. Value at Risk, 3rd Ed. Next page.
No customer reviews. How does Amazon calculate star ratings? The machine learned model takes into account factors including: the age of a review, helpfulness votes by customers and whether the reviews are from verified purchases.
Review this product Share your thoughts with other customers. Write a customer review. Most helpful customer reviews on Amazon. Verified Purchase. Despite improvements in measuring risk the newspapers are full of stories where risks have been mismanaged. The chapters that specifically deal with credit, operational, and liquidity risks are also important though the author does not cover these topics as deeply as he covers VaR. This book is long on words but short on content. You spend so much time reading that you wonder when you are going to learn something.
Instead, you keep reading. I don't know about the reviewer who says "Dr. Currently the VaR literature is cluttered with books all clamoring for your attention. Thus the potential student of the subject is blessed with being in a position to make a choice. The 'reader from New York' provided a good overview of the relevant literature.
IMHO, this book tried to hit a balance between breadth of coverage different models in practice and depth rigour , but the result is a compromise that leaves neither the student of the subject nor the practitioner satisfied. Since other reviewers have done such a good job dissecting this book, I will just concentrate on recommending the books that I feel are better values: For beginning students I feel Kevin Dowd's provides a good overview of the VaR literature in a clear and concise way.
His approach is totally refreshing. Instead of starting at the top of the pyramide the value-at-risk metrics , he starts out at the bottom. He breaks down VaR into its most basic elements. By providing a detailed explanation of difference between exposure and uncertainty, he introduces readers to the mathematical and probabilitistic background material needed to formulate the VaR measure methodology and the metrics resulting VaR value.
Both Kevin Dowd and Glyn Holton's presentations are organized and their writing are crisp and easily understandable. You won't go wrong with either book. The financial and banking sectors have changed dramatically over the last two decades. The traditional commercial banks are shying away from loans and relying on riskier??
As these firms change themselves, their need for risk measurement and management has also increased which in turn has driven the advances and increased focus on Value at Risk type concepts during this time. I understand that this book used to be the bible for managing financial risk. I still think it? With an industry that changes as quickly as the financial sector you? Role of new products such as credit derivatives? When is it practical to use? How do firms use it?
Who are the current leaders in the techniques? I would also have liked to see more on reputational risk how do firms decide if a product is appropriate for a client?
Enron and WorldCom are current examples. The difficulty in writing about this subject is that it? For example, beginners may have difficulties with the material if they don?
This book is definitely geared more towards the professional. Go to Amazon. Back to top. Get to Know Us. Shopbop Designer Fashion Brands. Alexa Actionable Analytics for the Web. DPReview Digital Photography.
[ Philippe Jorion] Value At Risk The New Benchmark ( Book Fi)
Value at Risk, 3rd Ed.