Essential mathematics for market risk management
By: Simon Hubbert
Edition: 2nd ed.
Series: The wiley finance series
Publisher: Wiley
Published: 2012
Place of publication: Hoboken, N.J
Language: eng
Number of pages: 352
ISBN-13: 9781119979524
Subjects: Risk management; BUSINESS & ECONOMICS / Insurance / Risk Assessment & Management; Capital market; Mathematical models
Description: "Everything you need to know in order to manage risk effectively within your organizationYou cannot afford to ignore the explosion in mathematical finance in your quest to remain competitive. This exciting branch of mathematics has very direct practical implications: when a new model is tested and implemented it can have an immediate impact on the financial environment.With risk management top of the agenda for many organizations, this book is essential reading for getting to grips with the mathematical story behind the subject of financial risk management. It will take you on a journey--from the early ideas of risk quantification up to today's sophisticated models and approaches to business risk management.To help you investigate the most up-to-date, pioneering developments in modern risk management, the book presents statistical theories and shows you how to put statistical tools into action to investigate areas such as the design of mathematical models for financial volatility or calculating the value at risk for an investment portfolio.  Respected academic author Simon Hubbert is the youngest director of a financial engineering program in the U.K. He brings his industry experience to his practical approach to risk analysis  Captures the essential mathematical tools needed to explore many common risk management problems  Website with model simulations and source code enables you to put models of risk management into practice  Plunges into the world of high-risk finance and examines the crucial relationship between the risk and the potential reward of holding a portfolio of risky financial assets  This book is your one-stop-shop for effective risk management"--

"The book is self-contained and takes the reader on a mathematical journey from the early ideas of risk quantification up to the sophisticated models and approaches of the present day, linking and highlighting the milestones along the way"--
Notes: Includes bibliographical references and index.