Understanding financial risk management /
Angelo Corelli
- London : Routledge, c2015.
- xviii, 467 p. : ill. ; 25 cm.
- Routledge advanced texts in economics and finance ; 23 .
Cover; Title Page; Copyright Page; Table of Contents; List of figures; List of tables; Preface; 1 Risk: an overview; 1.1 Introduction; 1.2 The process of risk management; 1.3 Theory of markets; Summary; Bibliography; Exercises; Appendix: Types of market failure; 2 Financial markets and volatility; 2.1 Modern portfolio theory; 2.2 The Capital Asset Pricing Model; 2.3 Volatility and correlation; Summary; Bibliography; Exercises; Appendix: The table of the standard normal distribution; 3 Statistical analysis; 3.1 Relevant distributions; 3.2 Probabilistic approaches; 3.3 Time series analysis 7.1 Basic concepts7.2 Structural models; 7.3 Reduced-form models; Summary; Bibliography; Exercises; Appendix: The Markov process for transition matrices; 8 Liquidity risk; 8.1 Market prices; 8.2 Models of liquidity; 8.3 Liquidity risk and regulation; Summary; Bibliography; Exercises; Appendix: Liquidity CAPM; 9 Other risks; 9.1 Operational risk; 9.2 Currency risk; 9.3 Volatility risk; Summary; Bibliography; Exercises; Appendix: Risk-adjusted return on capital; 10 Financial crisis and securitization; 10.1 Crisis and regulation; 10.2 Credit derivatives; 10.3 Securitization; Summary 14.1 The role of corporate governance14.2 The banking sector; 14.3 Challenges for research; Summary; Bibliography; Exercises; Index.
"Financial Risk Management is a topic of primary importance in financial markets and, more generally, in life. Risk can be seen as an opportunity if related to the concept of compensative return. It is therefore important to learn how to measure and control risk, in order to get exposure to as much risk as is necessary to achieve some level of compensation, without further useless exposure.This book analyses the various types of financial risk a financial institution faces in everyday operations. Each type of risk is dealt with using a rigorous mix of analytical and theoretical approach, describing all the major models available in the literature, with an innovative look at the topic. This book covers the following aspects of risks and provides introductory overviews the most relevant statistical and mathematical tools:Market RiskInterest Rate RiskCredit RiskLiquidity RiskOperational RiskCurrency Risk Volatility RiskUnderstanding Financial Risk Management offers an innovative approach to financial risk management. With a broad view of theory and the industry, it aims at being a friendly, but serious, starting point for those who encounter risk management for the first time, as well as for more advanced users"--
9780415746182
2014008863
Financial risk management Risk management BUSINESS & ECONOMICS / Finance