Risk Management: Foundations For a Changing Financial WorldWalter V. "Bud" Haslett, Jr. Key readings in risk management from CFA Institute, the preeminent organization representing financial analysts Risk management may have been the single most important topic in finance over the past two decades. To appreciate its complexity, one must understand the art as well as the science behind it. Risk Management: Foundations for a Changing Financial World provides investment professionals with a solid framework for understanding the theory, philosophy, and development of the practice of risk management by
For financial analysts, money managers, and others in the finance industry, this book offers an in-depth understanding of the critical topics and issues in risk management that are most important to today’s investment professionals. |
Contents
OVERVIEWTWO DECADES | 5 |
CHAPTER | 7 |
CHAPTER 2 | 25 |
CHAPTER 3 | 39 |
CHAPTER 4 | 61 |
2000Present | 69 |
CHAPTER 6 | 113 |
CHAPTER 8 | 133 |
and Credit Analysis | 447 |
Derivatives | 459 |
CHAPTER 32 | 475 |
CHAPTER 33 | 487 |
CHAPTER 34 | 501 |
CHAPTER 35 | 511 |
Global Risk | 529 |
in International Equity Portfolios | 539 |
CHAPTER 9 | 139 |
MEASURING RISK | 161 |
CHAPTER 13 | 189 |
CHAPTER 15 | 219 |
CHAPTER 16 | 233 |
CHAPTER 17 | 249 |
CHAPTER 19 | 273 |
CHAPTER 20 | 283 |
CHAPTER 21 | 301 |
CHAPTER 22 | 317 |
CHAPTER 23 | 323 |
CHAPTER 24 | 353 |
CHAPTER 25 | 367 |
CHAPTER 26 | 379 |
CHAPTER 27 | 391 |
CHAPTER 29 | 427 |
CHAPTER 38 | 551 |
CHAPTER 39 | 567 |
CHAPTER 40 | 573 |
CHAPTER 41 | 583 |
CHAPTER 42 | 651 |
Nonfinancial Risk | 657 |
CHAPTER 44 | 667 |
CHAPTER 46 | 681 |
CHAPTER 47 | 689 |
CHAPTER 48 | 701 |
Pension Risk | 715 |
CHAPTER 50 | 735 |
CHAPTER 51 | 745 |
CHAPTER 52 | 755 |
About the Contributors | 781 |
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Common terms and phrases
analysis approach arbitrage asset classes bank benchmark beta billion bond capital CFA Institute changes clients coherent risk measures company-specific risk company's corporate correlation cost credit default swaps credit derivatives credit risk credit spread crisis CVaR debt default swap diversification economic equity estimate event example expected expected shortfall factors fiduciary Figure financial markets firm fund managers fund-of-funds futures hedge fund hedge-fund increase industry institutions instruments interest rates investment management investors Journal of Finance leverage liabilities liquidity risk loans loss LTCM market risk options payoff pension percent performance portfolio managers positions potential probability put option quantitative reporting result risk budget risk management risk measures risk models risk-neutral default intensity scenario securities Sharpe ratio simulation specific risk standard deviation statistical strategy structure subprime mortgages survivorship bias tail risk tion tracking error trading underlying valuation value at risk volatility