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Extreme Financial Risks and Asset Allocation

7989.000

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AuthorCourtois Olivier A Le Et Al
ISBN9781783263080
Published LanguageEnglish
Publication Year2014
PublisherWorld Scientific
BindingHardback
Original Price$124
Pages372
Ships By2-3 days

Description

Each financial crisis calls for ? by its novelty and the mechanisms it shares with preceding crises ? appropriate means to analyze financial risks. In Extreme Financial Risks and Asset Allocation, the authors present in an accessible and timely manner the concepts, methods, and techniques that are essential for an understanding of these risks in an environment where asset prices are subject to sudden, rough, and unpredictable changes. These phenomena, mathematically known as ?jumps?, play an important role in practice. Their quantitative treatment is generally tricky and is sparsely tackled in similar books. One of the main appeals of this book lies in its approachable and concise presentation of the ad hoc mathematical tools without sacrificing the necessary rigor and precision.

This book contains theories and methods which are usually found in highly technical mathematics books or in scattered, often very recent, research articles. It is a remarkable pedagogical work that makes these difficult results accessible to a large readership. Researchers, Masters and PhD students, and financial engineers alike will find this book highly useful.

About the author
Em Lyon Business Sch, France

Additional information

Weight0.669 kg
Dimensions22.9 × 15.2 cm
Author

ISBN

Publisher

Pages

372

Ships By

2-3 days