Managing Financial Risk: A Guide to Derivative Products, Financial Engineering, and Value Maximization - Hardcover

Charles W. Smithson

Hardcover

ISBN 10: 0786304405 ISBN 13: 9780786304400

Publisher: Irwin Professional Pub, 1995

Synopsis

Managing Financial Risk provides an up-to-date, comprehensive look at how derivatives can be used to manage risk and maximize value within today's highly volatile financial environment. The authors provide in-depth explanations of forwards, futures, swaps, options and "exotic" derivatives, showing how to use these instruments to hedge a firm against unexpected movements in foreign exchange rates, interest rates, and commodity prices. Invaluable to every corporate financial professional, Managing Financial Risk explains: How risk management can increase a firm's value; The variety of risk management products, including forwards, futures, swaps, options, and hybrid securites-as well as a practical approach to implementing these products in a firm; The essentials of financial engineering including how to build customized hedging instruments that accomplish an organization's specific risk management objectives.

About this title

From the Back Cover

The established leading authority in Risk Management--completely updated. For years, financial executives and risk managers have recognized Charles Smithson's Managing Financial Risk as the authoritative source for comprehensive coverage of risk management products. While other books may touch on specific strategies and products, Managing Financial Risk stands alone in exploring derivaties and risk management from all angles, providing trusted guidance to both the sell and the buy sides. Managing Financial Risk, 3rd Edition, updates and expands this indispensable resource. Combining a comprehensive explanation of forwards, futures, swaps, options, and hybrid securities with the latest technologies for effectively managing financial risk, this authoritative and insightful edition now includes: a look at recent innovations in the risk management marketplace, including electricity derivatives and featuring credit derivatives--the newest of the risk management products; explanation of implementing a risk management program; new coverage on the effective use of risk management by institutional investors and financial institutions; an expanded discussion of the way a dealer measures and manages the credit and market risk associated with derivatives--a discussion that includes a clear expositon of "value-at-risk."

About the Author

Charles Smithson is a managing director and head of the CIBC School of Financial Products. In addition to his work in the private sector, Mr. Smithson has held positions in academe and the U.S. Government. He served as a member of the Working Group for the widely recognized Groups of Thirty Derivatives Project and currently serves on the boards of directors of the International Swaps and Derivatives Association (ISDA) and the International Association of Financial Engineers. Mr. Smithson has written articles for academic journals on subjects ranging from labor market discrimination to product liability to financial engineering. His other books include The Doomsday Myth, Managerial Economics, The Economics of Mineral Extraction, and The Handbook of Financial Engineering.

Edition details

• Publisher: Irwin Professional Pub
• Publication date: 1995
• ISBN 10: 0786304405
• ISBN 13: 9780786304400
• Binding: Hardcover
• Language: English
• Number of pages: 586