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Beyond Value at Risk: The New Science of Risk Management (Wiley Series in Financial Engineering)
Beyond Value at Risk The New Science of Risk Management - Wiley Series in Financial Engineering Author:Kevin Dowd Risk management and measurement are now, without doubt, the hottest topics in the finance world. Today, quantifying risk management is not only a management tool but is also used by regulators for banks and finance houses. Beyond Value at Risk provides a comprehensive guide to recent developments and existing approaches to VaR and risk ma... more »nagement, going beyond traditional approaches to the subject and offering a new, far-reaching perspective on investment, hedging and portfolio decision-making. The key to this distinctive approach is a new decision rule the Generalised Sharpe Rule, and its practical applications. Beyond Value at Risk provides the answers to key questions, including:
How to implement VaR and related systems in the real world
How to make vital investment decisions and estimate their effect
How to make hedging decisions
How to manage a portfolio
It offers financial professionals, academics and students comprehensive coverage of VaR both in theory and practice.« less