Risk Management: Principles and Practices Bluford H. Putnam; Richard M. Bookstaber; Robert M. McLaughlin; Andrew W. Lo; Desmond Mac Intyre; Charles W. Smithson; Jacques Longerstaey; Michelle McCarthy; Brian D. Singer and Stephen Kealhofer

A nice copy. No writing or highlighting. Clean pages, shows very minimal signs of wear from use. Shipped with care. Feel free to inquire for photos or more details. --- The opening paper sets out a framework for understanding market crises, arguing that markets exist to supply liquidity, and draws on the 1987 crash. The question-and-answer session that follows takes up the Federal Reserve's role in the LTCM affair. Other papers cover risk management and fiduciary duties, a behavioral perspective on risk, risk-management programs as seen by a pension plan sponsor, and practical issues in choosing and applying risk tools. Further papers discuss how risk management can benefit portfolio managers and present a geometric approach to risk analysis. There is also a discussion of value at risk, which measures risk across the whole portfolio and so takes account of correlation and diversification.