Beyond Value at Risk: The New Science of Risk Management (Frontiers in Finance Series)

Book Description

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:
* How to implement VaR and related systems in the real world
* How to make vital investment decisions and estimate their effect
* How to make hedging decisions
* How to manage a portfolio
It offers financial professionals, academics and students comprehensive coverage of VaR both in theory and practice.

Customer Reviews:

A concise treatment of VaR.......2001-09-11

The author goes right to the point. He explains well the VaR-related mathematics. There are a few mistakes, which would be easier to note if all derivations were provided. Overall, this is an excellent book.

Best book on VaR.......2001-03-19

When we went to implement a VaR system, the price tag was going to exceed seven figures. Needless to say, I didn't hesitate to drop some money buying the available books on VaR. They all say essentially the same things. For practical worked examples, you can't beat Butler. But unless you are an absolute beginner (do you know what delta and gamma are?) you may find it too basic. The all-round best book is Dowd. It is well organized and a pleasure to read. It covers the math, but without getting bogged down in meaningless derivations. For readers who want more information, there are plenty of references to original sources. I followed up on a number of these, and was pleasantly surprised at how easy some of this stuff is to assimilate.

Not for implementors........2000-06-12

The author has done good work in introducing the basic concepts in Value-at-Risk. However, the text leaves some important statistical and implementation points hidden, making implementing VaR look far too easy. For example, there is no discussion about the problems involved in long-term forecasting of correlations and volatilities.

The much advertised "new distinctive investment approach", the so called "Generalized Sharpe Rule" is a rather naive treatment on classical risk/return analysis. However, the lack of mathematical rigour is well compensated with good references.

Not for implementors........2000-06-12

Must-Read Book for anyone interested in Risk Management.......2000-03-17

Best book on VaR to date. Clear, concise, self-contained. Perfect combination of rigurous theory with practical applications. The author has done an excellent job at distilling what is relevant in Risk Management. This book is better than all the other VaR books written so far combined.

Risk Management: Value at Risk and Beyond

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Risk Management: Value at Risk and Beyond

Manufacturer: Cambridge University Press
ProductGroup: Book
Binding: Hardcover

Corporate Finance | Finance | Business & Investing | Subjects | Books

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ASIN: 0521781809

Book Description

The theory of Value at Risk (VaR), which quantifies the probability of large losses in financial transactions, won the Nobel Prize in economics for Robert Merton. As trading systems have become more complex, however, the dangers of very large losses have become more acute. The near collapse of the hedge fund Long-Term Capital Management, based on the VaR theory, is perhaps the most spectacular example: it was not stable against large and sudden fluctuations in the financial markets. This collection of papers by leading researchers addresses the weaknesses of VaR and how it might be possible to circumvent them. A crucial question is to establish what is a good measure of risk, and the further developments of VaR are considered in this light.

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RISK MANAGEMENT: VALUE AT RISK AND BEYOND

Manufacturer: Cambridge UP Cambridge, UK
ProductGroup: Book
Binding: Hardcover
ASIN: B000I9YTW8

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Casebriefs: Criminal Procedure

Manufacturer: Harcourt Brace Legal and Professional Publica
ProductGroup: Book
Binding: Hardcover

General | Law | Subjects | Books
General | Law | Professional & Technical | Subjects | Books
ASIN: 0159001978

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Legal Path Series Criminal Procedure: Keyed to Kamisar, Lafave, Israel & King 11th. Edition

Manufacturer: McLaren Legal Publishers LLC
ProductGroup: Book
Binding: Paperback
ASIN: 0976871653

Product Description

This Law School study aid is a "Keyed" book. It summarizes all of the major cases in the text book to which it is linked and in the order those cases are printed. Our cases are presented in the IRAC format (Issue, Rule, Analysis and Conclusion). Each case uses a text symbol preceding the Issue, Rule, Analysis and Conclusion of the case referenced.

Book Description

Country names are used to describe people who were--or are--engaged in agricultural pursuits. They indicate status, occupation, duties, geographical location, type or level of skill, economic function, and many other conditions of rural life. This new historical dictionary provides an important key to country life in English-speaking regions from the twelfth to the twentieth centuries. It presents information on the usage, meanings, and historical background for more than 1,778 names that have been given to the country people of Britain, North America, and the West Indies, as well as Australia, New Zealand, and South Africa. The entries identify agrarian meanings of the names, the occupational groups that used them, dates of use, geographical range, and common and uncommon variants. Connotations are noted--whether the terms are respectful or derogatory, playful, or merely descriptive--and cross-referencing is supplied for terms that appear in more than one entry. This reference is the only comprehensive work of its kind. It will be a useful and informative companion to the researcher concerned with agricultural and economic history, the history of English-speaking peoples, and the history of the English language.

Book Description

Safe Storage of Laboratory Chemicals, Second Edition is a comprehensive guide which allows readers to assess and improve the safety of their laboratory operations when storing chemicals. By applying the information in this book, readers can create a safer place to workthrough a safer storage environment, wiser storage practices and procedures, informed personnel, and the intelligent use of information. There has seen a surge in the demand for chemical safety and information relating to a safe workplace. This book covers chemical storage, the requirements of OSHA and EPA, requirements in codes and standards for storage, and advances and applications for chemical health and safety. This book offers a balanced approach to the safe storage of laboratory chemicals. Applied knowledge for identifying chemical storage hazards, solutions and alternative measures for storing specific hazard classes of chemicals, and innovative case histories provide a wealth of information from which readers may draw to enhance the safety of their storage situations.

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Safe Storage of Laboratory Chemicals
American Chemical Society
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover
ASIN: B000K3SHFW

Product Description

The moon is more than just a rock. Our Creator has perfectly and purposely planned it and placed it. Nothing has been left to chance. A wonderful study of our nearest neighbor Written for the layman in an easy-to-understand format Illustrations and explanatory charts included The moon has taken the impact of meteors that would have hit Earth. On the moon, there are 200,000 identified craters. On Earth, there are 200. Weve seen the moon almost every day of our lives. We are so accustomed to its being there, that we sometimes take it for granted. God created the moon on the fourth day to be more than a conversation starter. Think about the following: The moon is the perfect size to reflect sunlight to the earth, allowing for a soft night-light. Without the moon, our seasons would be severe and unpredictable. Tides caused by the moon are essential for the health of the oceans. The life cycles of many animals follow the phases of the moon. The moon acts as a shield, attracting space rocks that would otherwise hit the earth. These are just a few provisions that are supplied by the moon. Our Created Moon is not just a little collection of trivia, but provides thoughtful and complete, factual explanations about Earths closest neighbor. Well-known creation scientists Don DeYoung and John Whitcomb share their knowledge in an easy-to-comprehend format.

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Interesting Short Stories

Our Fascinating Earth
Philip Seff , and Nancy R. Seff
Manufacturer: Contemporary Books
ProductGroup: Book
Binding: Paperback

Curiosities & Wonders | Fun Facts | Reference | Subjects | Books

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Customer Reviews:

Interesting Short Stories.......2003-08-16

With all the short stories and interesting information, this is a good book for anywhere you're going to have a few minutes to read.

Our World of Mysteries: Fascinating Facts About the Planet Earth

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Our World of Mysteries: Fascinating Facts About the Planet Earth
Suzanne Lord
Manufacturer: Scholastic Trade
ProductGroup: Book
Binding: Paperback

General | Mystery | Mystery & Thrillers | Subjects | Books

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ASIN: 0590445952

Petrified Lightning: And More Amazing Stories from "Our Fascinating Earth" (Petrified Lightning)

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Petrified Lightning: And More Amazing Stories from "Our Fascinating Earth" (Petrified Lightning)
Philip Seff , and Nancy R. Seff
Manufacturer: McGraw-Hill/Contemporary
ProductGroup: Book
Binding: Paperback

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Where in the world?: Questions and answers that tell hundreds of fascinating facts about our planet,

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Where in the world?: Questions and answers that tell hundreds of fascinating facts about our planet,
Philip S Egan
Manufacturer: Rand McNally
ProductGroup: Book
Binding: Unknown Binding
ASIN: B0007F0UHG

Book Description

Das Buch vermittelt einen Überblick über die vielfältigen mikroökonomischen Ansätze (Humankapitaltheorie, Suchtheorie, Gewerkschaftstheorien, Effizienzlohntheorien, Insider-Outsider-Ansätze, Transaktionskostenansatz) und die empirisch-sozialwissenschaftlich fundierten segmentationstheoretischen Erklärungsansätze des Arbeitsmarktgeschehens. Das Buch wendet sich nicht nur an Studenten der Wirtschaftswissenschaften, sondern ermöglicht durch den weitgehenden Verzicht auf die ansonsten übliche mathematisch-modelltheoretische Darstellung auch dem mit der mikroökonomischen Arbeitsweise weniger vertrauten Leser einen Einblick in die Funktionsweise des Arbeitsmarktes. Darüber hinaus werden Ansatzpunkte für weitergehende Beschäftigung mit diesem, für das Verständnis ökonomischer Zusammenhänge zentralen Thema gegeben.

Book Description

"Geoff Nicholson's twelfth novel is an elegantly constructed and often funny story rendered with wry, surgical precision." (Matthew Klam, The New York Times Book Review)

"Deliciously cynical and witty. A clever and original novel of deception, failures, and hope."(Washington Times)

Female Ruins is the story of Christopher Howell, a cult architect who allegedly built just one building-reputedly a wild, willful amalgam of styles ranging from 11th-century Norman to 20th-century Neutra. When Howell's daughter-and keeper of his flame-Kelly, and a Howell groupie named Jack Dexter hook up in a free-falling love affair, the search for this apocryphal building becomes a search for a lost past. Brilliantly funny and seriously obsessive, Female Ruins shows how the castles we build are often symbols of our own needs, follies, and magnificent obsessions.

Customer Reviews:

mythical erections.......2006-07-24

Architects these days just build things, and they don't even get to be very famous. There used to be architect-gurus back in the twentieth century, who said things that got quoted a lot - people like Frank Lloyd Wright and Le Corbusier. Kelly Howell is the daughter of one of these architect-philosophers, who was famous for not having built anything until he got crushed by one of his creations (a concrete hand).. She is conflicted about her feelings for her parents, makes a living driving a cab, and keeps trying to avoid giving interviews to biographers. A persistent American admirer of her father inveigles his way into her life.
It's mostly set in rural Norfolk, England. It is brilliantly satirical but also very cleverly plotted, especially in the last few chapters (set in California) that twist and turn and set the story on its head.

Architectural Madness.......2001-07-03

I am so addicted to Mr. Nicholson! I own pretty much everything he's written, except for a few out of print pieces I'm still searching for. This new piece has his signature style of taking something common and twisting your perspective so that you see things in ways you never could in everyday life and you become just as intertwined with the subject as the characters are...

This book deals with the world of architecture (not the typical art history terminology and styles I memorized in college) and what it says about our human condition, especially about the coincidence and sometimes wimsy of it all.

I found myself completely thrust into the world of the characters and even though things seemed a bit predictable, the way things are revealed through Mr. Nicholson's twisted and descriptive language kept me completely inthralled and waiting to see what happens next.

If you liked his other books, this is a definite must-read. If you've never read anything before, try the Food Chain, Hunters & Gatherers or Bleeding London first and then go for this one.

Female Ruins a Fun Read.......2000-07-19

Geoff Nicholson's latest book is a fun read that doesn't amount to too much. And while the protaganist is likable and nicely drawn, there is little movement or development in her character.

In general Nicholson is a cultural critic, a sort of poor man's Roland Barthes. And his observations about architecture in "Female Ruins," are funny and astute. One gets the feeling, after reading a lot of Nicholson, that this is the reason he writes novels. He wants to talk about some subject that is obsessing him. Whether it be the electric guitar, VW bugs, foot fetishism, or the city of London, it's always some external subject that drives the story. Sometimes this is successful (Hunters and Gatherers, Bleeding London, Everything and More) and sometimes this drive to explain and expose the facts gets in the way (Flesh Guitar).

Here we have a story that carries the reader through, but doesn't ultimately satisfy. Female Ruins won't bore you, it's a nice ride, but when you close the book you'll be finished with it.

Female Ruins is a forgettable book.

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Thelyphthora; Or, a Treatise on Female Ruin, in Its Causes, Effects, Consequences, Prevention, and Remedy

Manufacturer: J. Dodsley
ProductGroup: Book
Binding: Leather Bound
ASIN: B000B9PD48

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