Read More. Taking a chance in financial markets implies potential big risks and this is not for everyone. This bitter reality is many […]. This eBook was written by German economist Fritz Machlup. Machlup was an early Misesian who originally wrote this book as an early study in the workings of the business cycle. Delegates and presenters often commented that the methods presented should be written down.
This book is the realisation of those conversations and presents a framework for managing market risk using Value at Risk and its companion: Stress Testing. The disk at the end of the book contains Excel spreadsheet-based examples of the VAR calculations described in the book. The spreadsheets allow the main results presented throughout the book to be recreated by the reader.
Hakan Erdem This book well explains what is Value At Risk and the concept of risk management in banks. Business concepts are complete. The author gives a lot of weight in risk control. Spreadsheets are nice but not complete from the beginning to the end.
Important statistical methods are described without enough detail leaving the concepts out the book's scope. R This is a good book for a financial engineer's library.
I found the spreadsheet examples particularly useful. Propose value at risk VaR as a risk measure and you will be the fool in the Dinty W. Moore on Twitter: "In praise of risk-taking and not knowing Dinty W. A small magazine with big ambitions, founded in Athens, Ohio.
She discovers the kernel of a future beyond annihilation where one might least expect to find it, hidden in the unconscious. In Praise of Risk: Amazon. In Praise of Risk - Townhall I received an e-mail the other day from a friend who thanked me for my advice. Great ebook you should read is In Praise Of Risk.
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