Financial Risk Management / Wiley Finance Editions (PDF)

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
Financial Risk Management, 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.

Financial Risk Management 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:

* Market risk, from Value-at-Risk (VaR) to risk models for
options

* Credit risk, from portfolio credit risk to structured credit
products

* Model risk and validation

* Risk capital and stress testing

* Liquidity risk, leverage, systemic risk, and the forms they
take

* Financial crises, historical and current, their causes and
characteristics

* Financial regulation and its evolution in the wake of the
global crisis

* And much more

Combining 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, Financial Risk Management is
the essential guide to the subject for today's complex world.