Value added risk management in finacial institutions

leveraging Basel II & risk adjusted performance measurement

The typical financial executive s view of the value of risk management in their financial institution is based on the belief that risk management focuses on loss avoidance. This view is based on the history of risk management being control focused. However, risk management has ...

Risk and financial management

mathematical and computational methods

Financial risk management has become a popular practice amongst financial institutions to protect against the adverse effects of uncertainty caused by fluctuations in interest rates, exchange rates, commodity prices, and equity prices. New financial instruments and mathematical techniques are continuously developed and introduced in financial ...

Applied mergers and acquisitions

A well written and comprehensive journey into M&A...an essential reference for any M&A practitioner...this isn#t just a book about great thoughts and process, but rather how to turn insight into deals, and deals into lasting value." #From the Foreword by ...

Financial derivatives in theory and practice

Originally published in 2000, Financial Derivatives in Theory and Practice is a complete, rigorous and readable account of the mathematics underlying derivative pricing and a guide to applying these ideas to solve real pricing problems. It is aimed at practitioners and researchers who wish to ...

Private capital markets

valutaion,capitalization,and transfer of private business interests

"Paul Volcker may be the most important figure of our time on the U.S. economic scene. In his book, Paul Volcker: The Making of a Financial Legend, Joseph Treaster has captured the man, his time, and his influence with exceptional insight, clarity, and readability ...

Risk transfer

derivatives in theory and practice

INDICE: PART ONE: The Economics of Risk Transfer. CHAPTER 1: The Determinants of Financial Innovation. CHAPTER 2: Risk, Uncertainty, and Profit. CHAPTER 3: Methods of Controlling Risk and Uncertainty. CHAPTER 4: Risk Transfer and Contracting Structures. CHAPTER 5: The Evolution of Derivatives Activity. CHAPTER 6 ...

The econometrics of sequential trade models

theory and applications using high frequency data

The book inquires the consequences of speculative trading based on private information about financial asset markets. It presents an extensive and thorough discussion of theoretical and empirical methods used in previous studies on sequential trade models. The text also introduces a new framework for estimation ...

Levy processes in finance

pricing financial derivatives

Financial mathematics has recently enjoyed considerable interest on account of its impact on the finance industry. In parallel, the theory of Lévy processes has also seen many exciting developments. These powerful modelling tools allow the user to model more complex phenomena, and are commonly applied ...

Pricing and hedging interest and credit risk sensitive instruments

This book is tightly focused on the pricing and hedging of fixed income securities and their derivatives. It is targeted at those who are interested in trading these instruments in an investment bank, but is also useful for those responsible for monitoring compliance of the ...

Risk-neutral valuation

pricing and hedging of financial derivatives

This second edition - completely up to date with new exercises - provides a comprehensive and self-contained treatment of the probabilistic theory behind the risk-neutral valuation principle and its application to the pricing and hedging of financial derivatives. On the probabilistic side, both discrete- and continuous-time stochastic ...

The Financial Times guide to investing

the definitive companion to investment and the financial markets

No need to be baffled any longer by a flurry of information, data, facts and comments, impenetrabel waves of jargon, and the complexities of the financial markets. The Financial Times Guide to Investing will introduce readers to the complex art of investing, and how to ...

Risk analysis in theory and practice

Applied Risk Analysis explores the role of risk in resource allocation. It covers conceptual and empirical analyses of economic behavior under risk and the implications of risk for management and policy decisions. Special attention is given to the role of imperfect information in the decision-making ...

El pequeño gran libro del riesgo

claves para comprender la inversión en bolsa

Éste es un libro sencillo y divulgativo sobre uno de los campos más apasionantes del mundo actual: el management del riesgo. Dan Borge explica con gran detalle cómo funciona el delicado proceso de tomar decisiones en un mundo incierto en el que los profesionales deben ...

Invertir en Hedge Funds

análisis de su estructura,estrategias y eficiencia

Con una capitalización que excede los 600.000 millones de dólares y más de 4.000 entidades, la industria de los Hedge Funds no puede ser ignorada por más tiempo. Su papel en el sistema financiero internacional es cada vez más palpable y notorio, hasta ...

The handbook of business valuation and intellectual property analysis

The art and science of business valuation is currently undergoing a huge transformation and is facing new and important challenges. The Handbook of Business Valuation and Intellectual Property Analysis provides valuation and investment professionals with the latest thinking on economic damages, lost profit analysis, and ...

Hidden Markov models

applications to financial economics

Markov chains have increasingly become useful way of capturing stochastic nature of many economic and financial variables. Although the hidden Markov processes have been widely employed for some time in many engineering applications e.g. speech recognition, its effectiveness has now been recognized in areas ...

Neoclassical finance

Neoclassical Finance provides a concise and powerful account of the underlying principles of modern finance, drawing on a generation of theoretical and empirical advances in the field. Stephen Ross developed the no arbitrage principle, tying asset pricing to the simple proposition that there are no ...

Security analysis and investment strategy

This innovative text presents the theoretical foundations of security analysis and investment strategy, and explores the practical applications of these theories. After establishing an historical foundation, the book examines fixed income securities, equity analysis and investment strategy. Assesses a range of approaches to investment analysis ...

Liquidity risk

managing asset and funding risk

Much critical attention has been given in recent years to market and credit risks, which have a significant effect on corporate and financial operations and must be understood and managed with care. While these areas have rightly received considerable scrutiny, another critical dimension of financial ...

Principios de inversiones

En la última década se han sucedido rápidos, profundos y progresivos cambios en el sector de las inversiones, debido en parte por la abundancia y los diseños de las acciones y en parte por la creación de las nuevas estrategias de negociación, que hubiesen sido ...