Dealing With Financial Risk by David Shirreff

Dealing With Financial Risk by David Shirreff

The concept of financial risk and the realties of financial risk management. Understanding risk and weighing risk against reward have become central to all commercial activity in particular to the financial markets.The concept of risk management used to refer to exclusively to the insurance industry but it was hijacked by wizards in financial institutions in the1980s, initially to make their gambling in the markets seem more respectable. Good risk management requires a constant sharpening of one's awareness to new risks and to the probabilities of different outcomes.This guide will increase the reader's risk awareness, by presenting concepts in a simple and entertaining way, and by explaining the endeavours, mistakes and successes of others, as they have tried to identify, measure and simplify risk, and make it work for them. It looks at swaps, futures, options, derivatives, hedging principles, formulas, Monte Carlo simulations, chaos theory, neural networks, Raron (or risk-adjusted rate of return on capital), stress tests, worst case scenarios and all kinds of games that are played in the cause of managing risk. With great panache, colour and clarity David Shirreff does a remarkable job of throwing light on one of the most complicated aspects of business and finance.

David Shirreff is capital markets editor of The Economist. Previously he wrote about risk for Euromoney and was co-founder of Risk magazine.

SKU	Non disponible
ISBN 13	9781861975911
ISBN 10	1861975910
Titre	Dealing With Financial Risk
Auteur	David Shirreff
État	Non disponible
Type de reliure	Hardback
Éditeur	Profile Books Ltd
Année de publication	2004-05-27
Nombre de pages	224
Note de couverture	La photo du livre est présentée à titre d'illustration uniquement. La reliure, la couverture ou l'édition réelle peuvent varier.
Note	Non disponible