Financial Risk Manager Handbook, + Test Bank

Informationen zum Autor PHILIPPE JORION is Professor of Finance at the School of Business at the University of California at Irvine. He was also a professor at Columbia, Northwestern, the University of Chicago, and the University of British Columbia. He holds an MBA and a PhD from the University of Chicago and a degree in engineering from the University of Brussels. Dr. Jorion has authored more than a hundred publications--directed towards academics and practitioners--on the topic of risk management and international finance. His work has received several prizes for research. Dr. Jorion has written the first five editions of Financial Risk Manager Handbook (Wiley), as well as Financial Risk Management: Domestic and International Dimensions; Big Bets Gone Bad: Derivatives and Bankruptcy in Orange County; and Value at Risk: The New Benchmark for Managing Financial Risk. He is also a Managing Director in the Risk Management Group at Pacific Alternative Asset Management Company (PAAMCO), a global fund of hedge funds. Klappentext The essential reference for financial risk managementRisk professionals looking to earn the Financial Risk Manager (FRM) certification, corporate training programs, professors, and graduate students all rely on the Financial Risk Manager Handbook for the most comprehensive and up-to-date information on financial risk management.Filled with in-depth insight and practical advice, the Financial Risk Manager Handbook is the core text for risk management training programs worldwide. Completely updated to address recent developments in financial markets--and reorganized to reflect the new two-part format of the Financial Risk Manager (FRM) exam--this Sixth Edition is essential to your understanding of one of the most important disciplines in finance.Financial Risk Manager Handbook, Sixth Edition supports candidates studying for the Global Association of Risk Professional's (GARP) annual FRM exams and prepares you to assess and control risk in today's rapidly changing financial world. Supplemented by an interactive Test Bank--which contains hundreds of multiple-choice questions from previous FRM exams--this Handbook is a requirement for any risk professional's library.Authored by renowned risk management expert Philippe Jorion--with the full support of GARP--this definitive guide summarizes the core body of knowledge for financial risk managers, covering such topics as: Market, credit, operational, and integrated risk management Quantitative methods Advanced univariate and multivariate models, as well as advanced option models Investment management and hedge fund risk* Regulatory issues essential to risk professionalsThe FRM is recognized as the world's most prestigious global certification program--created to measure a financial risk manager's capabilities. Since the FRM exam is an essential requirement for risk managers around the world, the Financial Risk Manager Handbook, Sixth Edition focuses on practical financial risk management techniques and solutions that are emphasized on the test--and are also essential in the real world. Questions from previous exams are explained through tutorials so that you may prepare yourself or your employees for this comprehensive exam and for the risk management challenges you will undoubtedly face at some point in your career. Zusammenfassung The essential reference for financial risk management Filled with in-depth insights and practical advice, the Financial Risk Manager Handbook is the core text for risk management training programs worldwide. Inhaltsverzeichnis Preface.About the Author.About GARP.Introduction.PART ONE Foundations of Risk Management.CHAPTER 1 Risk Management.PART TWO Quantitative Analysis.CHAPTER 2 Fundamentals of Probability.CHAPTER 3 Fundamentals of Statistics.CHAPTER 4 Monte Carlo Methods.CHAPTER 5 Modeling Risk Factors.PART THREE Financial Markets and Products.CHAPTE...

Auteur

PHILIPPE JORION is Professor of Finance at the School of Business at the University of California at Irvine. He was also a professor at Columbia, Northwestern, the University of Chicago, and the University of British Columbia. He holds an MBA and a PhD from the University of Chicago and a degree in engineering from the University of Brussels. Dr. Jorion has authored more than a hundred publications-directed towards academics and practitioners-on the topic of risk management and international finance. His work has received several prizes for research. Dr. Jorion has written the first five editions of Financial Risk Manager Handbook (Wiley), as well as Financial Risk Management: Domestic and International Dimensions; Big Bets Gone Bad: Derivatives and Bankruptcy in Orange County; and Value at Risk: The New Benchmark for Managing Financial Risk. He is also a Managing Director in the Risk Management Group at Pacific Alternative Asset Management Company (PAAMCO), a global fund of hedge funds.

Texte du rabat

The essential reference for financial risk management Risk professionals looking to earn the Financial Risk Manager (FRM) certification, corporate training programs, professors, and graduate students all rely on the Financial Risk Manager Handbook for the most comprehensive and up-to-date information on financial risk management.

Filled with in-depth insight and practical advice, the Financial Risk Manager Handbook is the core text for risk management training programs worldwide. Completely updated to address recent developments in financial markets-and reorganized to reflect the new two-part format of the Financial Risk Manager (FRM) exam-this Sixth Edition is essential to your understanding of one of the most important disciplines in finance.

Financial Risk Manager Handbook, Sixth Edition supports candidates studying for the Global Association of Risk Professional's (GARP) annual FRM exams and prepares you to assess and control risk in today's rapidly changing financial world. Supplemented by an interactive Test Bank-which contains hundreds of multiple-choice questions from previous FRM exams-this Handbook is a requirement for any risk professional's library.

Authored by renowned risk management expert Philippe Jorion-with the full support of GARP-this definitive guide summarizes the core body of knowledge for financial risk managers, covering such topics as:

• Market, credit, operational, and integrated risk management

• Quantitative methods

• Advanced univariate and multivariate models, as well as advanced option models

• Investment management and hedge fund risk

• Regulatory issues essential to risk professionals

The FRM is recognized as the world's most prestigious global certification program-created to measure a financial risk manager's capabilities. Since the FRM exam is an essential requirement for risk managers around the world, the Financial Risk Manager Handbook, Sixth Edition focuses on practical financial risk management techniques and solutions that are emphasized on the test-and are also essential in the real world. Questions from previous exams are explained through tutorials so that you may prepare yourself or your employees for this comprehensive exam and for the risk management challenges you will undoubtedly face at some point in your career.

Résumé
The essential reference for financial risk management Filled with in-depth insights and practical advice, the Financial Risk Manager Handbook is the core text for risk management training programs worldwide.

Contenu

Preface ix

About the Author xi

About GARP xiii

Introduction xv

Part One Foundations of Risk Management 1

Chapter 1 Risk Management 3

Part Two Quantitative Analysis 25

Chapter 2 Fundamentals of Probability 27

Chapter 3 Fundamentals of Statistics 61

Chapter 4 Monte Carlo Methods 83

Chapter 5 Modeling Risk Factors 103

Part Three Financial Markets and Products 125…