Lecture Notes In Risk Management

Author : Yevgeny Mugerman,Yoel Hecht
Publisher : World Scientific Publishing Company
Page : 0 pages
File Size : 49,6 Mb
Release : 2023
Category : Risk management
ISBN : 9811271941

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Lecture Notes in Risk Management by Yevgeny Mugerman,Yoel Hecht Pdf

Risk management has become one of the key requirements for insightful decision-making. What are risks sources? How are they being managed? This book describes certainty, uncertainty, financial risks, methods of risk mitigation, and risk management. The first chapter of this book represents some milestones in risk management and introduces the main aspects of financial risk management. The following chapters discuss various types of financial risk such as market risk, credit risk, operational risk, liquidity risk, interest rate risk, and other financial risks. The last chapter describes enterprise risk management which binds together all the risks. This book, which is accompanied by PowerPoint presentations, is aimed at lecturers, students, and practitioners with an interest in risk management. The book is the fruit of the authors' long years of work in the field of risk management, serving as a risk management advisor and teaching an MBA-level academic course on the topic for economics and business administration students.

Author : Yevgeny Mugerman,Yoel Hecht
Publisher : World Scientific
Page : 321 pages
File Size : 48,9 Mb
Release : 2023-07-07
Category : Business & Economics
ISBN : 9789811271960

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Lecture Notes In Risk Management by Yevgeny Mugerman,Yoel Hecht Pdf

Risk management has become one of the key requirements for insightful decision-making. What are risks sources? How are they being managed? This book describes certainty, uncertainty, financial risks, methods of risk mitigation, and risk management.The first chapter of this book represents some milestones in risk management and introduces the main aspects of financial risk management. The following chapters discuss various types of financial risk such as market risk, credit risk, operational risk, liquidity risk, interest rate risk, and other financial risks. The last chapter describes enterprise risk management which binds together all the risks.This book, which is accompanied by PowerPoint presentations, is aimed at lecturers, students, and practitioners with an interest in risk management. The book is the fruit of the authors' long years of work in the field of risk management, serving as a risk management advisor and teaching an MBA-level academic course on the topic for economics and business administration students.Resources are available to instructors who adopt this book. More details at www.worldscientific.com/worldscibooks/10.1142/13297-sm

Author : Baranoff,Patrick L. Brockett,Yehuda Kahane
Publisher : Unknown
Page : 128 pages
File Size : 44,5 Mb
Release : 2009
Category : Electronic book
ISBN : 1936126184

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Risk Management for Enterprises and Individuals by Baranoff,Patrick L. Brockett,Yehuda Kahane Pdf

Author : Thierry Roncalli
Publisher : CRC Press
Page : 987 pages
File Size : 41,5 Mb
Release : 2020-04-23
Category : Business & Economics
ISBN : 9781351385220

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Handbook of Financial Risk Management by Thierry Roncalli Pdf

Developed over 20 years of teaching academic courses, the Handbook of Financial Risk Management can be divided into two main parts: risk management in the financial sector; and a discussion of the mathematical and statistical tools used in risk management. This comprehensive text offers readers the chance to develop a sound understanding of financial products and the mathematical models that drive them, exploring in detail where the risks are and how to manage them. Key Features: Written by an author with both theoretical and applied experience Ideal resource for students pursuing a master’s degree in finance who want to learn risk management Comprehensive coverage of the key topics in financial risk management Contains 114 exercises, with solutions provided online at www.crcpress.com/9781138501874

Author : Thierry Roncalli
Publisher : CRC Press
Page : 1177 pages
File Size : 53,9 Mb
Release : 2020-04-23
Category : Business & Economics
ISBN : 9781351385237

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Handbook of Financial Risk Management by Thierry Roncalli Pdf

Developed over 20 years of teaching academic courses, the Handbook of Financial Risk Management can be divided into two main parts: risk management in the financial sector; and a discussion of the mathematical and statistical tools used in risk management. This comprehensive text offers readers the chance to develop a sound understanding of financial products and the mathematical models that drive them, exploring in detail where the risks are and how to manage them. Key Features: Written by an author with both theoretical and applied experience Ideal resource for students pursuing a master’s degree in finance who want to learn risk management Comprehensive coverage of the key topics in financial risk management Contains 114 exercises, with solutions provided online at www.crcpress.com/9781138501874

Author : Ngai Hang Chan,Hoi-Ying Wong
Publisher : John Wiley & Sons
Page : 241 pages
File Size : 54,6 Mb
Release : 2006-04-20
Category : Mathematics
ISBN : 9780471789482

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Simulation Techniques in Financial Risk Management by Ngai Hang Chan,Hoi-Ying Wong Pdf

This unique resource provides simulation techniques for financial risk managers ensuring you become well versed in many recent innovations, including Gibbs sampling, the use of heavy-tailed distributions in VaR calculations, construction of volatility smile, and state space modeling. The authors illustrate key concepts with examples and case studies you can reproduce using either S-PLUS® or Visual Basic® and provide exercises so you can apply new concepts and test your knowledge. Simulation Techniques in Financial Risk Management is invaluable both as a resource for risk managers in the financial and actuarial industries and as a coursebook for upper-level undergraduate and graduate courses in simulation and risk management.

Author : David Ardia
Publisher : Springer Science & Business Media
Page : 206 pages
File Size : 51,8 Mb
Release : 2008-05-08
Category : Business & Economics
ISBN : 9783540786573

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Financial Risk Management with Bayesian Estimation of GARCH Models by David Ardia Pdf

This book presents in detail methodologies for the Bayesian estimation of sing- regime and regime-switching GARCH models. These models are widespread and essential tools in n ancial econometrics and have, until recently, mainly been estimated using the classical Maximum Likelihood technique. As this study aims to demonstrate, the Bayesian approach o ers an attractive alternative which enables small sample results, robust estimation, model discrimination and probabilistic statements on nonlinear functions of the model parameters. The author is indebted to numerous individuals for help in the preparation of this study. Primarily, I owe a great debt to Prof. Dr. Philippe J. Deschamps who inspired me to study Bayesian econometrics, suggested the subject, guided me under his supervision and encouraged my research. I would also like to thank Prof. Dr. Martin Wallmeier and my colleagues of the Department of Quantitative Economics, in particular Michael Beer, Roberto Cerratti and Gilles Kaltenrieder, for their useful comments and discussions. I am very indebted to my friends Carlos Ord as Criado, Julien A. Straubhaar, J er ^ ome Ph. A. Taillard and Mathieu Vuilleumier, for their support in the elds of economics, mathematics and statistics. Thanks also to my friend Kevin Barnes who helped with my English in this work. Finally, I am greatly indebted to my parents and grandparents for their support and encouragement while I was struggling with the writing of this thesis.

Author : Lin Chen
Publisher : Springer Science & Business Media
Page : 158 pages
File Size : 52,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642468254

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Interest Rate Dynamics, Derivatives Pricing, and Risk Management by Lin Chen Pdf

There are two types of tenn structure models in the literature: the equilibrium models and the no-arbitrage models. And there are, correspondingly, two types of interest rate derivatives pricing fonnulas based on each type of model of the tenn structure. The no-arbitrage models are characterized by the work of Ho and Lee (1986), Heath, Jarrow, and Morton (1992), Hull and White (1990 and 1993), and Black, Dennan and Toy (1990). Ho and Lee (1986) invent the no-arbitrage approach to the tenn structure modeling in the sense that the model tenn structure can fit the initial (observed) tenn structure of interest rates. There are a number of disadvantages with their model. First, the model describes the whole volatility structure by a sin gle parameter, implying a number of unrealistic features. Furthennore, the model does not incorporate mean reversion. Black-Dennan-Toy (1990) develop a model along tbe lines of Ho and Lee. They eliminate some of the problems of Ho and Lee (1986) but create a new one: for a certain specification of the volatility function, the short rate can be mean-fteeting rather than mean-reverting. Heath, Jarrow and Morton (1992) (HJM) construct a family of continuous models of the term struc ture consistent with the initial tenn structure data.

Author : Geoffrey Poitras
Publisher : Academic Press
Page : 628 pages
File Size : 40,9 Mb
Release : 2002-06-10
Category : Business & Economics
ISBN : 0125588224

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Risk Management, Speculation, and Derivative Securities by Geoffrey Poitras Pdf

Presenting an integrated explanation of speculative trading and risk management from the practitioner's point of view, "Risk Management, Speculation, and Derivative Securities" is a standard text on financial risk management that departs from the perspective of an agent whose main concerns are pricing and hedging derivatives.

Author : Antonio Marcomini,Glenn Walter Suter II,Andrea Critto
Publisher : Springer Science & Business Media
Page : 446 pages
File Size : 47,7 Mb
Release : 2008-12-16
Category : Science
ISBN : 9780387097220

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Decision Support Systems for Risk-Based Management of Contaminated Sites by Antonio Marcomini,Glenn Walter Suter II,Andrea Critto Pdf

Decision Support Systems for Risk-Based Management of Contaminated Sites addresses decision making in environmental risk management for contaminated sites, focusing on the potential role of decision support systems in informing the management of chemical pollutants and their effects. Considering the environmental relevance and the financial impacts of contaminated sites all over the post-industrialized countries and the complexity of decision making in environmental risk management, decision support systems can be used by decision makers in order to have a more structured analysis of a problem at hand and define possible options of intervention to solve the problem. Accordingly, the book provides an analysis of the main steps and tools for the development of decision support systems, namely: environmental risk assessment, decision analysis, spatial analysis and geographic information system, indicators and endpoints. Sections are dedicated to the review of decision support systems for contaminated land management and for inland and coastal waters management. Both include discussions of management problem formulation and of the application of specific decision support systems. This book is a valuable support for environmental risk managers and for decision makers involved in a sustainable management of contaminated sites, including contaminated lands, river basins and coastal lagoons. Furthermore, it is a basic tool for the environmental scientists who gather data and perform assessments to support decisions, developers of decision support systems, students of environmental science and members of the public who wish to understand the assessment science that supports remedial decisions.

Author : Michael Koller
Publisher : Springer Science & Business Media
Page : 345 pages
File Size : 45,7 Mb
Release : 2011-05-04
Category : Business & Economics
ISBN : 9783642207211

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Life Insurance Risk Management Essentials by Michael Koller Pdf

The aim of the book is to provide an overview of risk management in life insurance companies. The focus is twofold: (1) to provide a broad view of the different topics needed for risk management and (2) to provide the necessary tools and techniques to concretely apply them in practice. Much emphasis has been put into the presentation of the book so that it presents the theory in a simple but sound manner. The first chapters deal with valuation concepts which are defined and analysed, the emphasis is on understanding the risks in corresponding assets and liabilities such as bonds, shares and also insurance liabilities. In the following chapters risk appetite and key insurance processes and their risks are presented and analysed. This more general treatment is followed by chapters describing asset risks, insurance risks and operational risks - the application of models and reporting of the corresponding risks is central. Next, the risks of insurance companies and of special insurance products are looked at. The aim is to show the intrinsic risks in some particular products and the way they can be analysed. The book finishes with emerging risks and risk management from a regulatory point of view, the standard model of Solvency II and the Swiss Solvency Test are analysed and explained. The book has several mathematical appendices which deal with the basic mathematical tools, e.g. probability theory, stochastic processes, Markov chains and a stochastic life insurance model based on Markov chains. Moreover, the appendices look at the mathematical formulation of abstract valuation concepts such as replicating portfolios, state space deflators, arbitrage free pricing and the valuation of unit linked products with guarantees. The various concepts in the book are supported by tables and figures.

Author : Venezia Itzhak
Publisher : World Scientific
Page : 288 pages
File Size : 52,5 Mb
Release : 2018-06-26
Category : Business & Economics
ISBN : 9789813231580

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Lecture Notes in Behavioral Finance by Venezia Itzhak Pdf

This volume presents lecture notes for a course in behavioral finance, most suitable for MBA students, but also adaptable for a PhD class. These lecture notes are based on the author's experience in teaching behavioral finance classes at Bocconi University (at the PhD level) and at the Academic College of Tel Aviv-Yaffo (MBA). Written in a way that is user-friendly for both teachers and students, this book is the first of its kind and consolidates all the material necessary for a course on behavioral finance, balancing psychological concepts with financial applications. Material formerly presented only in academic papers has been transformed to a format more suitable for students, while the most important issues have been highlighted in boxes that can form the basis of a lecturer's teaching slides. In addition to corralling all the currently scattered materials into one book, a neat logical order is introduced to the subject matter. Behavioral finance is put in a context relative to the other disciplines of finance, its history is outlined and the way it evolved -- from an eclectic collection of counter examples to market efficiency into a bona fide discipline of finance -- is reviewed and explained. The 17 topic-based chapters in this book are each intended for a 90-minute lecture. The first five chapters (Part 1) provide the psychological and financial foundations of behavioral finance. The next 12 chapters (Part 2) are applications: Chapters 6-13 cover the essentials while Chapters 14-17 are special, elective topics.

Author : Peter Joakim Westerholm
Publisher : World Scientific
Page : 267 pages
File Size : 55,6 Mb
Release : 2018-11-29
Category : Business & Economics
ISBN : 9789813234116

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Lecture Notes In Market Microstructure And Trading by Peter Joakim Westerholm Pdf

This book, written by Joakim Westerholm, Professor of Finance and former trading professional, is intended to be used as basis for developing courses in Securities markets, Trading, and Market microstructure and connects theoretic rigor with practical real world applications.Market technology evolves, the roles of market participants change, and whole market segments disappear to be replaced by new ways to exchange securities. Yet, the same underlying economic principles continue to drive trading in securities markets. Thus, the scope of the book is global, providing a framework that is relevant both for current market designs and for future markets we will see develop. It is designed to stay relevant in a rapidly evolving field.The book contains a selection of lecture notes through which students will gain an in-depth understanding of the mechanism that drives trading in securities markets. The book also contains another set of lecture notes with more advanced, research-based material, suitable for Honours or Master level research students, or for PhD candidates. The material is self-explanatory and can also be used for self-study, preferably in conjunction with assigned readings.

Author : Hanspeter Schmidli
Publisher : Springer
Page : 242 pages
File Size : 52,8 Mb
Release : 2018-04-04
Category : Business & Economics
ISBN : 9783319720050

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Risk Theory by Hanspeter Schmidli Pdf

This book provides an overview of classical actuarial techniques, including material that is not readily accessible elsewhere such as the Ammeter risk model and the Markov-modulated risk model. Other topics covered include utility theory, credibility theory, claims reserving and ruin theory. The author treats both theoretical and practical aspects and also discusses links to Solvency II. Written by one of the leading experts in the field, these lecture notes serve as a valuable introduction to some of the most frequently used methods in non-life insurance. They will be of particular interest to graduate students, researchers and practitioners in insurance, finance and risk management.

Author : Vincent G. Duffy
Publisher : Springer Nature
Page : 476 pages
File Size : 48,9 Mb
Release : 2022-06-16
Category : Computers
ISBN : 9783031060182

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Digital Human Modeling and Applications in Health, Safety, Ergonomics and Risk Management. Health, Operations Management, and Design by Vincent G. Duffy Pdf

This two-volume set LNCS 1319 and 13320 constitutes the thoroughly refereed proceedings of the 13th International Conference on Digital Human Modeling and Applications in Health, Safety, Ergonomics and Risk Management, DHM 2022, which was held virtually as part of the 24rd HCI International Conference, HCII 2022, in June/July 2022. The total of 1271 papers and 275 poster papers included in the 39 HCII 2022 proceedings volumes was carefully reviewed and selected from 5487 submissions. DHM 2022 includes a total of 56 papers. The first volume focuses on topics related to ergonomic design, anthropometry, and human modeling, as well as collaboration, communication, and human behavior. The second volume focuses on topics related to task analysis, quality and safety in healthcare, as well as occupational health and operations management, and Digital Human Modeling in interactive product and service design.