Financial Risk Management: Models, History, and Institutions

Risk is everywhere and paying attention to it is important if you are involved in financial markets. This means anyone involved in financial markets cannot ignore it, including you. All financial risks are swept under three headings: market risk, credit risk, and operational risk. The interactions between these risks have the potential to spell disaster or success for anyone with long or short positions in the market. This book addresses all the tools and techniques to address these risks in a comprehensive and holistic fashion, while at the same time providing readers with intuition and rules of thumb aided by understanding and applying advanced quantitative measures. After reading this book, you will understand why risk has become its own essential discipline on Wall Street and beyond for investors, bankers, and corporations.