"Proper risk management entails knowing when to go after opportunities that can open up new realms of profit for your business ... but if you fail to account for the possible, often hidden, pitfalls that can accompany each decision, the consequences could be tremendous. Filled w…
Focusing on the conceptual & mathematical foundations underlying the quantification, interpretation & management of risk, this book covers standard topics as well as important new subjects, such as the use of expert judgement & uncertainty propagation.
Managing risks in commercial and retail banking
"Managing Risks in Commercial and Retail Banking takes an in-depth, logical look at dealing with all aspects of risk management within the banking sector. It presents complex processes in a simplified way by providing real-life situations and examples. The book examines all dime…
This work aims to bring the multifarious field of risk studies sharply into focus in a readable way for a wide readership throughout the social sciences and beyond.
This book gives a new perspective on how investors and policy makers can analyze risk and vulnerabilities in economies, both emerging market and industrial, by using modern risk management and financial engineering techniques. Using recent advances in this field and the theory o…
"The precautionary principle--which holds that action to address threats of serious or irreversible environmental harm should be taken even in the absence of scientific certainty--has been accepted as a key feature of environmental law throughout the European Union. In the Unite…
A clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or VaR--reduces these risks to a single number, creating a false sense of security…
A risk advisor for top financial institutions explains how limitless risky behaviors toppled a 158-year-old institution, using the story to illuminate the interconnection of the global financial system, as well as broader policy implications.
A risk advisor for top financial institutions explains how limitless risky behaviors toppled a 158-year-old institution, using the story to illuminate the interconnection of the global financial system, as well as broader policy implications.
