Beyond Value at Risk: New Science of Risk Management (Frontiers in Finance Series) Book

Risk management and measurement are now, without doubt, the hottest topics in the finance world. Today, quantifying risk management is not only a management tool — but is also used by regulators for banks and finance houses. Beyond Value at Risk provides a comprehensive guide to recent developments and existing approaches to VaR and risk management, going beyond traditional approaches to the subject and offering a new, far-reaching perspective on investment, hedging and portfolio decision-making. The key to this distinctive approach is a new decision rule — the `Generalised Sharpe Rule, and its practical applications. Beyond Value at Risk provides the answers to key questions, including:How to implement VaR and related systems in the real worldHow to make vital investment decisions and estimate their effectHow to make hedging decisionsHow to manage a portfolioIt offers financial professionals, academics and students comprehensive coverage of VaR both in theory and practice.Read More