Money & Risk Management, part 5
Julie Stone, Larry Chambers. Private Money Management: Switching from Mutual Funds to Private Money ManagersPublisher:
If you knew exactly how much money you would need at retirement, you could figure out how much risk you'd have to take to get there. You could stop focusing on finding the next hot investment and set about building your overall net worth. You'd develop aplan to manage your existing assets and future resources to meet your anticipated needs. Private Money Management: Switching from Mutual Funds to Private Money Managers supplies a blueprint of investment objectives that does just that. Private Money Management: Switching from Mutual Funds to Private Money Managers gives you the confidence and ability an ever-expanding, competitive marketplace of investment products demands. From basic investing to advanced planning, you get step-by-step strategies to achieve your financial goals. You will understand which combinations of investments will give you the highest probability of making up any shortfalls, lower your costs, and operate your investment program fully aware of the tax...
Stephen S. Solomon, Clifford W. Marshall, Martin Pepper. Mortgage Payments: Barron's Financial Tables for Better Money ManagementPublisher:Barron's Educational Series
Updated to reflect current rates, these quick reference tables show the size of monthly payments necessary to amortize loans on amounts up to $600,000 over periods ranging from one to 40 years across a broad span of interest rates. There is a short-entry glossary of financial terms at the back of the book.
Daryl Guppy. Market Trading Tactics: Beating the Odds Through Technical Analysis and Money ManagementPublisher:
Market Trading Tactics Beating the Odds Through Technical Analysis and Money Management Market Trading Tactics is a handbook of trading tactics, touching on the major charting techniques and indicators. It shows how to formulate realistic money management techniques and helps the private trader use all these indicators to search for the best trading opportunities. It shows how to plan entry set-ups and how to devise disciplined stop-loss techniques. The book outlines a flexible day-to-day plan of action that enables traders of all levels to trade with greater direction and confidence. Author Daryl Guppy also discusses how to go about the daily search for new trading opportunities and offers ready-to-use formulae to ease the process. He explains how best to exploit trading opportunities and discusses managing the position to maximize profitability. The book is supported on www.guppytraders.com with constantly updated material. Guppy takes position-trading beyond the basics as he...
Erik Banks. The Simple Rules of Risk : Revisiting the Art of Financial Risk ManagementPublisher:Wiley
In an age where companies and financial institutions are keenly focusing on managing the financial risk of their operations, the implementation of quantitative methods and models has been of tremendous help, allowing firms to analyze and manage their risk more efficiently and effectively. However, the focus on quantitative risk management, while important, can sometimes be over-emphasized at the expense of judgement, logic and experience. Market dislocations of the 1990’s have revealed the shortcomings of purely quantitative approaches to risk management – and the need for a strong grounding in the "common sense" aspects of the discipline. At is core, the successful management of risk is largely an "art". In The Simple Rules of Risk, the author, based on over fifteen year’s experience in senior risk management positions around the world, takes a fresh look at the qualitative aspects of risk management. Providing detailed presentation and discussion of the...
Martin Gorrod. Risk Management Systems: Process, Technology and Trends (Finance and Capital Markets Series)Publisher:
Gorrod examines the many challenges for the next generation risk management system. Dramatic changes in market conditions, budgetary constraints, the evolving nature of risk within the financial organization, as well as the requirements of increasing regulation in the global market place have resulted in a totally different environment for risk systems. These applications must be functionally richer, have greater performance, provide seamless and improved integration, as well as being quick to deploy andcheaper to deliver and support. Recent advances in technology have provided a number of tools to help the risk technologist. This book summarizes these new trends and also arms the reader with the knowledge, tools and approaches required to survive in this new environment. Covering the requirements of the trader and risk manager, to how to decide whether and how to out-source or develop in-house, this book acts as the handbook for risk technologists to survive these challenges.
Mary Hardy, Mary Hardy. Investment Guarantees: The New Science of Modeling and Risk Management for Equity-Linked Life InsurancePublisher:
Praise for InvestmentGuarantees "In addition to being a valuable and innovative addition to the literature on risk management of equity-linked insurance, this book provides a uniquely clear demonstration of using different measures in a very practical context. A great way of showing actuaries how to ?mind their Ps and Qs?!" ?Boris Brizeli Principal and Chief Operations Officer GE Insource Limited "This is an extremely well written and comprehensive book which will be useful for both practitioners and graduate students. It provides a unique synthesis of techniques and tools in econometrics, financial engineering, and simulation applied to questions of fundamental importance in insurance." ?Dr. Andrew Cairns Reader in Financial and Actuarial Mathematics Heriot-Watt University "Investment Guarantees will become the reference book of choice for both actuaries and non-actuaries alike working in the field of...
Richard C. Grinold, Ronald N. Kahn. Active Portfolio Management: A Quantitative Approach for Producing Superior Returns and Selecting Superior Returns and Controlling RiskPublisher:McGraw-Hill
"This new edition of Active Portfolio Management continues the standard of excellence established in the first edition, with new and clear insights to help investment professionals." -William E. Jacques, Partner and Chief Investment Officer, Martingale Asset Management. "Active Portfolio Management offers investors an opportunity to better understand the balance between manager skill and portfolio risk. Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn." -Scott Stewart, Portfolio Manager, Fidelity Select Equity ® Discipline Co-Manager, Fidelity Freedom ® Funds. "This Second edition will not remain on the shelf, but will be continually referenced by both novice and expert. There is a substantial expansion in both depth and breadth on the original. It clearly and concisely explains all aspects of the foundations and the latest thinking in active portfolio...
Thomas S. Y. Ho, Sang Bin Lee. The Oxford Guide to Financial Modeling: Applications for Capital Markets, Corporate Finance, Risk Management and Financial InstitutionsPublisher:Oxford University Press
The essential premise of this book is that theory and practice are equally important in describing financial modeling. In it the authors try to strike a balance in their discussions between theories that provide foundations for financial models and the institutional details that provide the context for applications of the models. The book presents the financial models of stock and bond options, exotic options, investment grade and high-yield bonds, convertible bonds, mortgage-backed securities, liabilities of financial institutions - the business model and the corporate model. It also describes the applications of the models to corporate finance. Furthermore, it relates the models to financial statements, risk management for an enterprise, and asset/liability management with illiquid instruments. The financial models are progressively presented from option pricing in the securities markets to firm valuation in corporate finance, following a format to emphasize the three aspects of a...
Brian Coyle. Mergers and Acquisitions (Risk Management Series)Publisher:
Topics include: Financial structure in mergers and acquisitions * financing acquisitions through equity * financing acquisitions through debt and hybrid securities * off-balance sheet financing. --This text refers to the hardcover edition of this title
Jihad S. Nader. The Manager's Concise Guide to RiskPublisher:
Effective risk management is essential to the success of any firm. Through experience, a manager will become familiar with risks that occur frequently within their line of business. However, it is easy for a manager to be caught unawares by unforeseen problems This comprehensive guide provides a complete overview of the risks a company may encounter and assists the manager to recognize and correctly identify risk. It also explains and ilustrates with easy to follow examples how some key risk concepts can be quantified and measured. Written with the professional business manager in mind, this guide is not only a quick reference tool, but can also be used to expand a manager's knowledge and provide an advantage in the competitive business environment. It is a particularly useful introduction to the concepts of risk management in all sizes of business.
Gary L. Gastineau, Mark P. Kritzman. Dictionary of Financial Risk Management, Third EditionPublisher:
Gary Gastineau and Mark Kritzman team up once again for the third edition of this classic reference tool designed for financial analysts and managers. Anyone involved in financial risk management must have a proper understanding of the words, terms, and phrases used in this fast paced field?and Dictionary of Financial Risk Management clearly provides that understanding. Risk management terminology is a part of almost any financial operation, including cash, forwards/futures, swaps, options?andis found in many disciplines: probability and statistics, tax and financial accounting, and law. The vocabulary of the risk manager continues to expand with the creation of new products and new concepts. This volume carefully defines and illustrates all the words and phrases that financial professionals need to know and understand. The Dictionary of Financial Risk Management includes listings of common acronyms, profit/loss diagrams of new financial instruments, and extensive coverage...
Dimitris N. Chorafas. Management Risk: The Bottleneck Is at the Top of the BottlePublisher:
The author outlines the reasons why management risk must be examined within the perspective of each company's business challenges. He suggests there is a synergy between shareholder value and business ethics. He also underlines the importance of honesty, the risks associated with short-sighted management and over-centralization, the benefits of innovative strategies and senior management's accountability for reliable financial reporting. The text is based on an extensive research project done by theauthor between 2000 and 2002 in the US, the UK, France, Italy and Switzerland.
E. H. Conrow, Edmund H. Conrow. Effective Risk Management: Some Keys to SuccessPublisher:
Risk management is an important project management and systems engineering skill that can be applied to a wide variety of projects. This is particularly important in an era of downsizing, consolidation, shrinking budgets, increasing technological sophistication, and shorter development times. The text describes practices that can be used by both project management and technical practitioners including those who are unfamiliar with risk management. The reader will learn to perform risk planning, identify and analyze risks, develop and implement risk handling plans, and monitor progress in reducing risks to an acceptable level. The book will help the reader to develop and implement a suitable risk management process and to evaluate an existing risk management process, identify shortfalls, and develop and implement needed enhancements. The second edition presents more than 700 risk management tips to succeed and traps to avoid, including numerous lessons learned derived from work...
Gary Shoup. Currency Risk Management: A Handbook for Financial Managers, Brokers, and Their ConsultantsPublisher:
With the advent of the World Trade Organization and NAFTA, foreign exchange now impacts the corporate world as never before. Hedging currency risk--usually through the Interbank network--is now a routine treasury function. However, mid-sized companies are often shut out of the Interbank market because of the cost and minimum size requirements. Currency Risk Management shows how to capture this business. The author writes in an easy-to-read style and demonstrates the finer points of foreign exchange and various exchange regimes recognized by the IMF. The reader will learn why exchange rates are a matter of government restrictions and controls as well as market price discovery.
Dennis G. Uyemura, Donald R. van Deventer. Financial Risk Management In Banking: The Theory and Application of Asset and Liability ManagementPublisher:McGraw-Hill
An in-deph review of the tremendous risk and volatility in bank financial management. Financial Risk Management in Banking provides a practical and comprehensive overview of aggressive asset and liability management (ALM) which highlights the nuances that set ALM apart from basic financial concepts and practices as they are taught even at the MBA level. It demonstrates how ALM apart from basic financial concepts and practices as they are taught even at the MBA level. It demonstrates how ALM can strengthen the capital position of today's financial institution. Topics include: how accounting concepts can interfere with ALM; currency and international funds risk; the multi-dimensional aspects of bank financial risk; the relationship between cash flow, market value and risk.
Guido Sonnemann, Francesc Castells, Marta Schuhmacher. Integrated Life-Cycle and Risk Assessment for Industrial Processes (Advanced Methods in Resource & Waste Management)Publisher:
Environmental engineers, industrial ecologists, hazardous waste managers and other professionals within the environmental field recognize the importance of incorporating elements of risk assessment with life-cycle assessments. ,These analytical tools have become increasingly a part of environmental management practices. But until now this development has been ignored by textbook literature for graduate students and professionals.Integrated Life-Cycle and Risk Assessment for Industrial Processes covers the use of life-cycle assessment, risk assessment, and a combined framework of the two in the estimation of environmental damage, providing explanations of methods and descriptions of practical applications in the environmental analysis of industrial processes.The book opens by examining environmental strategies, then places life-cycle and risk assessment within an environmental toolbox, and explores the integration of the two methods via a case study. This volume is one of the first...
Kurt Frantzen. Risk-Based Analysis for Environmental ManagersPublisher:
All corporations must perform evaluations to define the risks to public health and the environment. Your corporation can get the edge by evaluating risk with a process that begins with the "end-in-mind" for the property and that concludes with a cogentlycommunicated argument that addresses the issues. With this in mind, Risk-Based Analysis for Environmental Managers provides scientific strategies and techniques for reducing corporate environment liabilities.This practical guide provides a new, integrated perspective on the role of risk assessment in managing contaminated properties. It describes how to manage the assessment to impact decision making. The book provides you with a crisp, historical review and background development and an integrated technique called Risk-Based Analysis. This technique includes: oA problem formulation tooloSituation analysis techniquesoRisk assessment managementoRisk management option analysisoGuidance on the development of risk arguments and their...
Erik Banks. Weather Risk Management: Market, Products and ApplicationsPublisher:
The US Department of Commerce estimates that nearly 10% of the US's $9 trillion GDP is exposed to weather risk. All over the world providers and end users are recognizing this fact and are turning their attention to ways of protecting against or taking advantage of changes in the weather. This book explores a market that is expected to expand rapidly and is one of the fastest areas of growth in the financial arena.
James Highlands. How to Make Money with ISO 9000: A Guide to Profitable Quality ManagementPublisher:
The ISO 9000 quality management system is the worldwide standard for improved product quality and customer satisfaction through improved business processes. The Big 3 auto makers, NASA, and thousands of other organizations have developed ISO 9000 systemsand received ISO 9000 accreditation. Yet, most companies are at a loss as to how to make the most of their ISO 9000 systems because, there are no practical guides to maximizing them, until now. Written by a renowned ISO 9000 trainer and consultant, this is the first and only comprehensive guide to achieving tangible bottom-line results with ISO 9000. Readers get detailed, step-by-step instructions on how to put ISO 9000 quality standards to work at every organizational level for increased profits and market share.
Emmett J. Vaughan. Risk ManagementPublisher:
This book reflects the trend in industry toward an increased focus on risk management in insurance. Combining both the theoretical and practical, it explores what today's risk managers need to know.
Risk Management: 10 PrinciplesPublisher:
In the same way as the 4Ps of marketing are a fundamental principle of business theory, this book puts forward the 10Ps of Risk Management as a consistent and comprehensive approach to the subject. The 10Ps of Risk Management offers a holistic approach, bringing together all elements of risk management for managers, safety and environmental consultants, business advisers and students on occupational health and safety and environmental studies courses. The first comprehensive guide to fulfilling the requirements of new legislation on corporate governance Brings together all areas of Risk Management in one book
Preston G. Smith, Guy M. Merritt. Proactive Risk Management : Controlling Uncertainty in Product DevelopmentPublisher:
Proactive Risk Management provides product development teams and managers with a step-by-step process for managing innovation risk in an effective cross-functional manner. In addition to providing a formula, this book illuminates the rationale of managing project risks allowing project and product development managers to successfully adapt the process to their organizations and projects. Proactive Risk Management's unique approach provides: - A model of risk that is scalable to any size project or program and easily deployable as the risk management approach built into any product development or project management life cycle. - Methods for identifying drivers (causes) of risks so you can manage root causes rather than the symptoms of risks. - An appropriate quantification of the key factors of a risk that allows you to prioritize risks without introducing errors that render your numbers meaningless. - A clear distinction between a risk and an issue and the different...
Reto Gallati. Risk Management and Capital AdequacyPublisher:McGraw-Hill
Under the new Basle Guidelines, all financial institutions subject to local banking laws will soon be required to operate under dramatically different risk exposure rules. Risk Management and Capital Adequacy provides details on the key risk approaches under these new guidelines and is the first book to analyze if and how they can be integrated. From conceptual frameworks to analyses of models and approaches, it provides a solid reference source for the information that everyone in risk management will soon need to know.
Francis Achampong. Workplace Sexual Harassment Law : Principles, Landmark Developments, and Framework for Effective Risk ManagementPublisher:
Workplace sexual harassment law can be a tangle for business. This book brings clarity to this confusing area of employment law and blazes a new pathway in the discussions by employing a comprehensive, yet simple and concise approach. The chapters are a self-contained discussion of issues such as retaliation and constructive discharge, merged with substantive topics like quid pro quo and hostile environment sexual harassment. Achampong devotes significant attention to landmark developments shaping the law, and provides a holistic approach to managing the risk of liability for sexual harassment. This volume is an ideal reference and text for law and business professors and students, human resource managers, risk management consultants, and attorneys.
Bob Steiner. Foreign Exchange and Money Markets: Theory, Practice and Risk ManagementPublisher:Butterworth-Heinemann
Floating rates, central-bank intervention, derivatives trading and the very high volumes of speculative and round-the-clock trading are just a few of the facets of the foreign exchange marketplace that make it a highly dynamic and volatile arena. This book addresses the practical applications of foreign currency trading and money market trading and provides comprehensive coverage of these markets. Coverage includes: * What the instruments are * How and why they are used - by both bank dealers and corporate end-users * How the different instruments are linked one to another * How you price them * Structure of the market, EMU etc * The range of risks arising from dealings in these instruments that affect banks and corporates * How these risks are measured and managed * Brings together a range of practical, relevant material on Foreign Exchange and money market trading. * Focuses on trading situations as well as on calculations * International...
Cathy Burgess. Money Matters for Hospitality ManagersPublisher:
Unique in its approach, 'Money Matters for Hospitality Managers' is unlike other heavy theoretical accounting texts, using real life scenarios to show managers how it's done. Backed up by a range of exercises and activities, it thus allows managers to put their learning straight into practice - and so to achieve immediate results! 'Money Matters' will actively help managers and employees in the industry to: · learn more about the control aspects in order to become more effective in their work · learn about the business and companies in the wider context · understand where their section of the organization fits in the 'bigger picture' · increase their knowledge and enhance career opportunities Covering an unprecedented range of sectors (including hotels, restaurants, contract catering, leisure tourism, cruise ships and theme parks), the book supplies useful advice for the whole hospitality industry. It is ideal for operational...
Lewis M. Branscomb, Philip E. Auerswald. Taking Technical Risks: How Innovators, Executives, and Investors Manage High-Tech RisksPublisher:
How do technology innovators, business executives, and venture capitalists manage the technical elements of business risk when developing and launching new products? Overcoming technical risks requires crossing the so-called valley of death--the gap between demonstrating the soundness of a technical concept in a controlled setting and readying the product technology for the market. Crossing the valley of death may mean bringing university-based research to the point where it appears viable to venture capitalists, or bridging the cultural gap between technical innovators and the managers who are being asked to risk their institutional resources. In every context, purely technical risks are coupled with the market risks inherent in innovation. In this book Lewis Branscomb and Philip Auerswald address early-stage, high-tech innovation in the context of business decision making and innovation policy. The topics addressed include the extent to which purely technical risk is...
Joanne Linnerooth-Bayer, Ragnar E. Lofstedt, Gunnar Sjostedt. Transboundary Risk ManagementPublisher:
Environmental hazards do not respect international boundaries. In this volume, distinguished international researchers make a significant contribution to the understanding and management of the transboundary risks involved. Numerous case studies of transboundary environmental risks are analyzed, including BSE and Himalayan water projects. General issues raised by the cases are considered, including: How are transboundary risks identified and assessed? How are they communicated within and between countries? What forms of risk management are appropriate? Key issues concerning public participation and the political significance of transboundary risks emerge, from which useful practical lessons on the management of risk are drawn. The volume provides valuable evidence and analysis for those working on international environmental issues and all aspects of risk management.
H. A. Schaeffer Jr. Credit Risk Management : A Guide to Sound Business DecisionsPublisher:John Wiley and Sons, Ltd
Deciding whether a credit applicant is ultimately creditworthy involves more than just poring over their financial statements - it takes the kind of advice only an experienced credit expert, like Hal Schaeffer, can give. A 28-year veteran of the credit screening process, Schaeffer outlines the nuts-and-bolts of assessing a credit applicant's financial health and ability to make good on a line of credit. In part one's clear, four-part "А, В, C. D" format ("A is for Analysis," "B is for Building Essential Business Credit Information," "C is for Considering All Factors" and "D is for Decision"), the author examines a prospective borrower from every angle, using formulas, checklists of what to look for, and available outside information sources (from Dun & Bradstreet to the Internet) to get a genuine picture of an applicant's current finances and degree of credit risk. Also outlined are the financial, credit, and business factors that go into a "sound business credit decision," a...
The Professional Handbook of Financial Risk ManagementPublisher:
The Professional's Handbook of Financial Risk Management is a major reference work in finance. A complete practical reference book covering all aspects of financial risk management including an in-depth look at operational risk management, regulation, risk-based capital, and risk adjusted performance measurement. The book focuses on practical financial risk management techniques and solutions, and is designed to guide the risk professional step-by-step through the implementation of a firm-wide risk management framework. This book covers the various roles of the risk management function. Rather than describing every possible role in exhaustive detail, the authors have provided a story line for each of the discussed topics, includingpractical issues that a risk manager needs to consider when tackling the subject, possible solutions to difficulties that might be encountered, background knowledge that is essential to know, and more intricate practices and techniques...
Marilyn Greenstein, Todd M. Feinman. Electronic Commerce: Security Risk Management and ControlPublisher:
The field of Electronic Commerce has grown rapidly over the past few years. Major corporations and even small businesses are using electronic commerce as a channel of distribution. Companies such as Amazon.com are part of a growing segment of business that use electronic commerce as their sole method for transacting with customers. This textbook is written to provide business students with the knowledge and understanding of electronic commerce from a security risk management and control perspective.
Jim Ware. The Psychology of Money : An Investment Manager's Guide to Beating the Market (Wiley Finance)Publisher:
Discover the Ideal Investment Strategy for Yourself and Your Clients "To enhance investment results and boost creativity, Jim Ware replaces the maxim know your investments with know yourself. And he gives us specific testing tools to do the job."?Dean LeBaron, Founder, Batterymarch Financial Management, Chairman, Virtualquest.company, and investment author and commentator "Many investment firms fail, even though they are run by intelligent, qualified professionals, because they lack creativity. This book can rescue you. Jim Ware explains how to organize your business to encourage creative thinking. In five years, your customers will be working with an advisor who read this book, so make sure you are the one who did."?Ralph Wanger, President, Acorn Investment Trust, CFA and author of A Zebra in Lion Country: Ralph Wanger?s Guide to Investment Survival "Jim Ware has a great knack for understanding people and successful investing. This unusual combination...
James T. Gleason. Risk: The New Management Imperative in FinancePublisher:
Financial professionals need tools to assess and manage risk now more than ever. Risk is everywhere in finance--there's no escaping it. Changes in the global markets have raised the stakes for financial professionals, forcing them to adapt to newer and more relevant methods for assessing and managing their risks. Forward-thinking financial professional will find this logical guide easy to follow and refreshingly jargon-free, a breath of fresh air in a finance world that's routinely clouded over with unnecessary complexity. Risk expert James Gleason bypasses the mathematics to present a down-to-earth, practical look at important new risk management tools and their uses. He draws upon recent market events and real company examples such as Enron and The Bank of Montreal to illustrate how financial risk management is used and misused. State-of-the-art financial risk management techniques and capabilities have evolved to be uniformly applicable across all financial service firms. But not...
Gregory J. Dabel. Saving Money in Nonprofit Organizations : More than 100 Money-Saving Ideas, Tips, and Strategies for Reducing Expenses Without Cutting Your Budget (Jossey-Bass Nonprofit and Public Management Series)Publisher:
A very practical, walk-away-with-dozens-of-new-ideas book for nonprofit managers who face the constant challenge of increasing income and reducing expenses. The author not only encourages good fiscal management, he motivates the reader and provides a road map for saving a lot of money. --John Pearson, CEO, Christian Management Association A straightforward, no-nonsense guide to streamlining expenses without sacrificing valuable programs and services. Even in a good national economy, nonprofit organizations can have tight financial constraints. And since most nonprofits are already operating close to the fiscal balance line, they feel the financial pinch sooner and more acutely than business or government when the economy takes a downward spin. This nuts-and-bolts resource will help you find ways to: --Effectively balance your budget --Minimize spending through thirty general money-saving principles and opportunities --Maximize your organization's various assets...
Adrian R. Bowden, Malcolm R. Lane, Julia H. Martin. Triple Bottom Line Risk Management: Enhancing Profit, Environmental Performance, and Community BenefitsPublisher:
An innovative, new approach to risk assessment and management that will help you uncover countless opportunities for your company If a business wants to be sustainable in the twenty-first century, it should focus on the continuous improvements and potential opportunities that risk management offers. Written by risk management experts, this book will provide you with the necessary tools and guidance for the successful management of business risk so you can improve your company?s triple bottom line?? the social, environmental, and financial accountability of your business. The authors introduce the RISQUE method, which was specifically developed to address a diverse range of events and issues. It offers a multifaceted approach, using arational process, which will help you make informed, defensible risk management decisions. You?ll gain a better understanding of the methodology, assumptions, advantages, and disadvantages of this approach. You?ll also see...
David A. Dubofsky, Thomas W. Miller. Derivatives: Valuation and Risk ManagementPublisher:
Derivatives: Valuation and Risk Management deals with the four primary types of derivative contracts: forwards, futures, swaps, and options. It avoids extensive and difficult mathematics, and instead focuses more on intuitive understanding on how to value each contract, and how to compute the relative price. In addition, it shows how each contract can be used to manage financial price risk. Professionals do not take the time to compute prices, values and other relevant variables. They use software. The book incorporates a widely used software package: FinancialCad in the text. After studying an example, it proceeds to show how FinancialCad solves the same problem. This is important, because software users should not use products without understanding what went into the model that produced the solution. By first reading a specific example, they will be able to use FinancialCad with greater confidence.
Carol Alexander. Risk Management and Analysis, Measuring and Modelling Financial Risk (Wiley Series in Financial Engineering)Publisher:
In the two years since the publication of The Handbook of Risk Management and Analysis interest and the practice of management, modelling and control of financial risks has grown enormously. The author/editor has produced two stand-alone or companion volumes. Only one third of the original material remains. Measuring and Modelling Financial Risk has been structured in four parts: the first three chapters survey standard approaches to measuring and modelling financial risk from the risk manager perspective, Chapters 4 and 5 are aimed primarily at quantitative risk analysts whose job it is to put the systems in place. Chapters 6 and 7 discuss important issues in IT and systems design, and the last two chapters cover pricing and risk management of credit-risky products. Leading figures in the field contribute: Michel Crouhy, Dan Galai and Robert Mark, Stan Beckers, Thomas Wilson, Mark Broadie and Paul Glasserman, Nigel Webb, Ron Dembo, Robert Jarrow and Stuart Turnbull, and Lee Wakeman. ...
Bennett W. Golub, Leo M. Tilman, Bennett W. Golub, Leo M. Tilman. Risk Management: Approaches for Fixed Income MarketsPublisher:
RISK MANAGEMENT APPROACHES FOR FIXED INCOME MARKETS "Golub-Tilman will, I believe, become an absolutely essential reference text for fixed income portfolio managers, traders, issuers, and scholars. It is comprehensive and clearly written. While rigorous, it is easy to understand because of its many practical examples."? Richard Roll, The Allstate Chair in Finance and Insurance, The Anderson School at UCLA, Past President, American Finance Association "Outstanding and unique! A thorough discussion of the theoretical underpinning of risk management combined with keen insights from a practitioner?s perspective. This text will rank among the most essential readings for both market professionals and academics." ?Gregory J. Parseghian, Senior Vice President and Chief Investment Officer, Freddie Mac "The most systematic and comprehensive overview of fixed income risk management."?Philippe Jorion, Professor of Finance, University of...
John J. Stephens. Managing Interest Rate Risk : Using Financial Derivatives (Institute of Internal Auditors Risk Management Series)Publisher:
Economic conditions can change dramatically over time, requiring significant changes in interest rates. Loans that appeared desirable methods of expansion when taken out can, with a change in interest rates, become massive outgoings that leave the unprepared business exposed to potentially crippling debt. Whether borrowing, investing, saving or trading, a company will always have to take into account the cost of capital and therefore interest rate risk. The efficient management of this risk is essential for the survival of a company and any business that is exposed to such a risk should ensure that it is fully prepared to manage it. Aimed at senior managers within businesses, this book is a practical primer on how to reduce risk from changes in interest rates.
Erik Banks, Richard Dunn, Erik Banks, Richard Dunn. Practical Risk ManagementPublisher:
Practical Risk Management: An Executive Guide to Avoiding Surprises and Losses is a concise, yet thorough, look at the world of financial risk management. The book is written by two senior banking professionals who have managed business and state-of-the-art financial risk in large and complex financial organisations, and who have also been in the middle of some of the most creative developments and turbulent times that the financial markets have ever seen. The book leverages these real experiences to offer useful and practical approaches to managing financial risk. It explores the challenges of risk management and how these can be overcome by focusing on governance and accountability within the framework of a clearly defined appetite for potential losses. Readers will gain a good understanding of the different financial risks, the various measurement tools currently available, and will learn to construct a practical risk process that is consistent with corporate strategy....
Christopher L. Culp, Christopher L. Culp. The ART of Risk ManagementPublisher:
The ART of Risk Management "This book evidences links and trade-offs between some key drivers of corporate value creation: capital structure, strategic definition of core and noncore risks, risk management retention and transfer, with a valuation of externalization, to achieve an integrated allocation and management of firms capital. From math to legal, it takes us a definite step forward in modern finance." ?Jacques Tierny, Deputy CFO, Michelin Group "For someone like me who has observed the evolution of financial theory and practice over the past twenty years, Culps new book is a really extraordinary undertaking and accomplishment. On one level, it provides a comprehensive?and quite readable?account of the most important financing and risk management innovations in both insurance markets and capital markets. Even more remarkable is its success in fitting these innovative solutions and products into a single, unified theory of financial markets?one...
Thomas L. Barton, William G. Shenkir, Paul L. Walker. Making Enterprise Risk Management Pay Off: How Leading Companies Implement Risk ManagementPublisher:FT Press
The leading trends in corporations recently have been globalisation and heavy technology investments. These changes have involved substantial risks - on a scale few companies have previously taken. Making Enterprise Risk Management Pay Off examines not only financial risks, but risks in the corporation's core business. The authors have spent time researching inside several leading companies that have successfully managed this risk. Examples include Chase Manhatten, United Grain Growers Limited, du Pont and Microsoft Corporation. This book presents a highly accessible, case-study approach to enterprise risk management. Designed for every financial professional, it offers unprecedented insight into the processes and strategies that have proven successful at the world's leading companies.
Darrell Duffie, Kenneth J. Singleton. Credit Risk: Pricing, Management, and MeasurementPublisher:Princeton University Press
In this book, two of America's leading economists provide the first integrated treatment of the conceptual, practical, and empirical foundations for credit risk pricing and risk measurement. Masterfully applying theory to practice, Darrell Duffie and Kenneth Singleton model credit risk for the purpose of measuring portfolio risk and pricing defaultable bonds, credit derivatives, and other securities exposed to credit risk. The methodological rigor, scope, and sophistication of their state-of-the-art account is unparalleled, and its singularly in-depth treatment of pricing and credit derivatives further illuminates a problem that has drawn much attention in an era when financial institutions the world over are revising their credit management strategies. Duffie and Singleton offer critical assessments of alternative approaches to credit-risk modeling, while highlighting the strengths and weaknesses of current practice. Their approach blends in-depth discussions of the conceptual...
Lionel Martellini, Philippe Priaulet, StA©phane Priaulet. Fixed-Income Securities : Valuation, Risk Management and Portfolio Strategies (The Wiley Finance Series)Publisher:
This is the first comprehensive textbook for students studying fixed-income securities, and is ideally suited to MBA, MSc and final year undergraduate students in Finance and related topics. The text offers an accessible and detailed account of interest rates and risk management in bond markets. It develops insights into different bond portfolio strategies, and illustrates how various types of derivative securities can be used to shift the risks associated with investing in fixed-income securities. It also provides extensive coverage on all sectors of the bond market, and the techniques for valuing bonds. In addition, explanation is given of state-of-the-art techniques for bond portfolio management, including: A description of numerous fixed-income assets and related securities, namely zero coupon government bonds, coupon bearing government bonds, corporate bonds, exchange-traded bond options, bonds with embedded options, floating rate notes,...