Overview

Financial risk management is a topic of primary importance in financial markets. It is important to learn how to measure and control risk, how to be primed for the opportunity of compensative return, and how to avoid useless exposure. This third edition of Understanding Financial Risk Management offers an updated version of its innovative approach to such issues. Angelo Corelli analyses the various types of financial risk that a financial institution now face in everyday operations-including market, interest rate, credit, liquidity, operational, currency, volatility, and enterprise risk. He deals with each type of risk using a rigorous mix of analytical and theoretical approaches; he gives introductory overviews to the most relevant statistical and mathematical tools; and he provides innovative analyses of all the major models available in the literature. This broad view of theory and the current state of the industry provides a friendly but serious starting point for those who encounter risk management for the first time, and it offers plenty of food for thought to more advanced readers. For its unique mix of rigour and accessibility, this book is a must-read for finance professionals, and it is of keen interest to finance students and researchers.

Full Product Details

Author:   Angelo Corelli (Maastricht School of Management, The Netherlands)
Publisher:   Emerald Publishing Limited
Imprint:   Emerald Publishing Limited
Edition:   3rd edition
Weight:   1.034kg
ISBN:  

9781837532537

ISBN 10:   1837532532
Pages:   608
Publication Date:   27 May 2024
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Chapter 1. Risk: An Overview Chapter 2. Financial Markets and Volatility Chapter 3. Conditional Dependence and Time Series Chapter 4. Statistical Analysis Chapter 5. Financial Derivatives Chapter 6. Option Pricing and Risk Modeling Chapter 7. Market Risk Chapter 8. Inside Value at Risk Chapter 9. Interest Rate Risk Chapter 10. Credit Risk Chapter 11. Commodity Risk Chapter 12. Liquidity Risk Chapter 13. Enterprise Risk Chapter 14. Other Risks Chapter 15. Beyond Normality and Correlation Chapter 16. Conditional Risk Analysis Chapter 17. High Frequency Data Chapter 18. Financial Crisis and Securitization Chapter 19. Hedging Techniques Chapter 20. Advanced Topics Chapter 21. Digital Finance and Risk Chapter 22. The Future of Financial Risk Management

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Author Information

Angelo Corelli is Associate Professor of Finance, Maastricht School of Management, The Netherlands. His research interests include quantitative risk management, risk of financial derivatives, term structure analysis and valuation, and risk of financial derivatives.

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