Essential mathematics for market risk management /

• Κύριος συγγραφέας: Hubbert, Simon
• Μορφή: Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Hoboken, N.J. : Wiley, 2012.
• Έκδοση: 2nd ed.
• Σειρά: Wiley finance series.
• Θέματα: Risk management > Mathematical models.; Capital market > Mathematical models.; Electronic books.
• Φυσική περιγραφή: 1 online resource (xiv, 335 pages) : illustrations.
• Βιβλιογραφία: Includes bibliographical references and index.
• ISBN: 9781118467213; 1118467213; 9781119953012; 1119953014; 9781119953029; 1119953022
• DOI: 10.1002/9781118467213

"Everything you need to know in order to manage risk effectively within your organizationYou cannot afford to ignore the explosion in mathematical finance in your quest to remain competitive. This exciting branch of mathematics has very direct practical implications: when a new model is tested and implemented it can have an immediate impact on the financial environment. With risk management top of the agenda for many organizations, this book is essential reading for getting to grips with the mathematical story behind the subject of financial risk management. It will take you on a journey--from the early ideas of risk quantification up to today's sophisticated models and approaches to business risk management. To help you investigate the most up-to-date, pioneering developments in modern risk management, the book presents statistical theories and shows you how to put statistical tools into action to investigate areas such as the design of mathematical models for financial volatility or calculating the value at risk for an investment portfolio. Respected academic author Simon Hubbert is the youngest director of a financial engineering program in the U.K. He brings his industry experience to his practical approach to risk analysis Captures the essential mathematical tools needed to explore many common risk management problems Website with model simulations and source code enables you to put models of risk management into practice Plunges into the world of high-risk finance and examines the crucial relationship between the risk and the potential reward of holding a portfolio of risky financial assets This book is your one-stop-shop for effective risk management"--