Risk management in turbulent times /
Beneplanc, Gilles.
Rochet, Jean-Charles.
New York ; Oxford : Oxford University Press,
c2011.
Includes bibliographical references and index.
Risk management : what must be changed -- Lessons from recent financial crises -- Living in turbulent times -- The need for a proper methodology -- What is behind risk modeling -- The basic tools of risk modeling -- Statistical risk measures -- Leverage and ruin theory -- The perfect markets hypothesis and its dangers -- Risk neutral valuation -- The case of incomplete markets : relating risk premiums to economic fundamentals -- Risk management in a normal world -- Risk management and shareholder value -- Why market imperfections matter for shareholder value -- The shareholder value function -- Risk management and the shareholder value function -- What to do in practice? -- The different steps of the implementation -- Learning from an example -- Conclusion : some simple messages.
Risk management.
Risk management