{"product_id":"financial-risk-management-models-history-and-institutions-9780470481806","title":"Financial Risk Management: Models, History, and Institutions","description":"Financial risk has become a focus of financial and nonfinancial firms, individuals, and policy makers. But the study of risk remains a relatively new discipline in finance and continues to be refined. The financial market crisis that began in 2007 has highlighted the challenges of managing financial risk. Now, in \u003ci\u003eFinancial Risk Management\u003c\/i\u003e, author Allan Malz addresses the essential issues surrounding this discipline, sharing his extensive career experiences as a risk researcher, risk manager, and central banker. The book includes standard risk measurement models as well as alternative models that address options, structured credit risks, and the real-world complexities or risk modeling, and provides the institutional and historical background on financial innovation, liquidity, leverage, and financial crises that is crucial to practitioners and students of finance for understanding the world today. \u003cp\u003e\u003ci\u003eFinancial Risk Management\u003c\/i\u003e is equally suitable for firm risk managers, economists, and policy makers seeking grounding in the subject. This timely guide skillfully surveys the landscape of financial risk and the financial developments of recent decades that culminated in the crisis. The book provides a comprehensive overview of the different types of financial risk we face, as well as the techniques used to measure and manage them. Topics covered include: \u003c\/p\u003e \u003cul\u003e \u003cli\u003e Market risk, from Value-at-Risk (VaR) to risk models for options \u003c\/li\u003e \u003cli\u003e Credit risk, from portfolio credit risk to structured credit products \u003c\/li\u003e \u003cli\u003e Model risk and validation \u003c\/li\u003e \u003cli\u003e Risk capital and stress testing \u003c\/li\u003e \u003cli\u003e Liquidity risk, leverage, systemic risk, and the forms they take \u003c\/li\u003e \u003cli\u003e Financial crises, historical and current, their causes and characteristics \u003c\/li\u003e \u003cli\u003e Financial regulation and its evolution in the wake of the global crisis \u003c\/li\u003e \u003cli\u003e And much more \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eCombining the more model-oriented approach of risk management-as it has evolved over the past two decades-with an economist's approach to the same issues, \u003ci\u003eFinancial Risk Management\u003c\/i\u003e is the essential guide to the subject for today's complex world.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Wiley\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 10\/04\/2011\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780470481806\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 722\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 2.45lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.90h x 6.10w x 2.00d","brand":"Allan M. Malz","offers":[{"title":"Default Title","offer_id":40085525364917,"sku":"9780470481806","price":80.75,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0473\/0804\/6492\/products\/img_ae76540c-bcbc-43bc-b816-695d9e497e59.jpg?v=1621901654","url":"https:\/\/pastforward.org\/products\/financial-risk-management-models-history-and-institutions-9780470481806","provider":"Past Forward","version":"1.0","type":"link"}