Mastering Value Risk : A step-by-step guide to understanding & applying VAR (Market Editions)
Editorial Reviews
Book Description
Value at Risk (VAR) is rapidly emerging as the dominant methodology for estimating precisely how much money is at risk each day in the financial markets. Traders and managers use it to monitor the financial risk of a portfolio. This book provides an objective view of VAR, analyzing its pitfalls as well as its benefits.
From the Back Cover
“This book provides a solid foundation for an understanding of Value at Risk from both an internal and a regulatory perspective, which should be invaluable as both an initial read and also as a continuing source of reference. Keep this by your side as a roadmap through the jungle of competing models, mathematical formulae and erudite statistics.”
- Dr Richard Flavell, Director, Lombard Risk Systems
“Cormac Butler has the distinct advantage of being a trainer in the subject, which is definitely the best assurance that he is fully up-to-speed in this complex and constantly changing field.”
- Dr D C Gardner, Chairman, Birchin International plc
The estimation of potential losses that could arise from adverse changes in market conditions is a key element of risk management. For financial institutions and corporate treasuries across the world, Value at Risk (VaR) is rapidly emerging as the dominant methodology for estimating precisely how much money is at risk each day in the financial markets.
However, the communication and application of VaR is a field in which the signal to noise ratio is not high. There is neither a widespread intuitive understanding of VaR in the market, nor an appreciation of the practicalities of its implementation and limitations.
Mastering Value at Risk will close that knowledge gap, introducing this potentially powerful methodology to those most in need of its benefits, and helping all those who encounter VaR to use it wisely.
Key topics examined include:
Mastering Value at Risk : A Step-by-Step Guide to Understanding and Applying VAR (Market Editions),Cormac Butler,Financial Times/Prentice Hall,0273637525,Accounting - General,Business & Economics,Business / Economics / Finance,Business/Economics,Corporate Finance,Finance,Investment Analysis,Investments & Securities - General,Risk management,Business & Economics / Accounting / Financial,Business & Economics / Finance,Business strategy,Investment & securities
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