Implementing Value at Risk (Wiley Series in Financial Engineering)

Best, Philip

ISBN 10: 0471972053 / ISBN 13: 9780471972051

Published by John Wiley & Sons, 1998

About this Item

No markings except previous owner signature on inner front cover. Unclipped dust jacket. ALL ITEMS ARE DISPATCHED FROM THE UK WITHIN 48 HOURS ( BOOKS ORDERED OVER THE WEEKEND DISPATCHED ON MONDAY) ALL OVERSEAS ORDERS SENT BY TRACKABLE AIR MAIL. IF YOU ARE LOCATED OUTSIDE THE UK PLEASE ASK US FOR A POSTAGE QUOTE FOR MULTI VOLUME SETS BEFORE ORDERING.

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Bibliographic Details

• Title: Implementing Value at Risk (Wiley Series in Financial Engineering)
• Publisher: John Wiley & Sons
• Publication Date: 1998
• Language: English
• ISBN 10: 0471972053
• ISBN 13: 9780471972051
• Binding: Hardcover
• Condition: Very Good
• Dust Jacket Condition: Very good

About this title

Synopsis

Implementing Value at Risk Philip Best Value at Risk (VAR) is an estimate of the potential loss on a trading or investment portfolio. Its use has swept the banking world and is now accepted as an essential tool in any risk manager's briefcase. Perhaps the greatest strength of VAR is that it can cope with virtually all financial products, from simple securities through to complex exotic derivatives. This allows the risk taken, across diverse trading activities, to be compared. This said, VAR is no panacea. It is as critical to understand when the use of VAR is inappropriate as it is to understand the value VAR can add to a bank's understanding and control of its risks. This book aims to explain how VAR can be used as an integral part of a risk and business management framework, rather than as a stand-alone tool. The objectives of this book are to explain: What VAR is - and isn't! How to calculate VAR - the three main methods Why stress testing is needed to complement VAR How to make stress testing effective How to use VAR and stress testing to manage risk How to use VAR to improve a bank's performance VAR as a regulatory measure of risk and capital Risk management practitioners, general bank managers, consultants and students of finance and risk management will find this book, and the software package included, an invaluable addition to their library. Finance/Investment

About the Author

Philip Best is the author of Implementing Value at Risk, published by Wiley.