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Financial Risk Management: Models, History, and Institutions

Allan M. Malz

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Description for Financial Risk Management: Models, History, and Institutions Hardcover. Financial risk has become a focus of financial and nonfinancial firms, individuals, and policy makers. But the study of risk remains a relatively new discipline in finance and continues to be refined. The financial market crisis that began in 2007 has highlighted the challenges of managing financial risk. Series: Wiley Finance Series. Num Pages: 722 pages, Illustrations. BIC Classification: KFFM. Category: (P) Professional & Vocational. Dimension: 168 x 237 x 46. Weight in Grams: 1106.
Financial risk has become a focus of financial and nonfinancial firms, individuals, and policy makers. But the study of risk remains a relatively new discipline in finance and continues to be refined. The financial market crisis that began in 2007 has highlighted the challenges of managing financial risk. Now, in Financial Risk Management, author Allan Malz addresses the essential issues surrounding this discipline, sharing his extensive career experiences as a risk researcher, risk manager, and central banker. The book includes standard risk measurement models as well as alternative models that address options, structured credit risks, and the real-world complexities or ... Read more

Product Details

Format

Hardback

Publication date

2011

Publisher

John Wiley & Sons Inc United Kingdom

Number of pages

722

Condition

New

Series

Wiley Finance Series

Number of Pages

752

Place of Publication

New York, United States

ISBN

9780470481806

SKU

V9780470481806

Shipping Time

Usually ships in 7 to 11 working days

Ref

99-50

About Allan M. Malz

ALLAN M. MALZ is a Senior Analytical Advisor in the Markets Group at the Federal Reserve Bank of New York, where he has also worked on implementation of the Fed's emergency liquidity programs to address the financial crisis. Before rejoining the Fed, he was chief risk officer at several multi-strategy hedge fund management firms. Previously, Malz was head of research ... Read more

Reviews for Financial Risk Management: Models, History, and Institutions

Praise for Financial Risk Management "The need for sensible and realistic risk management becomes more obvious daily, and achieving it requires familiarity with both quantitative economic models and regulatory policy. Allan Malz's wide experience on Wall Street and at the Fed provides him with the perfect background for writing this important and uniquely comprehensive book." —Emanuel Derman, Professor ... Read moreof Professional Practice, Columbia University's Industrial Engineering and Operations Research Department; author of My Life as a Quant: Reflections on Physics and Finance "Finance is all about risk and reward. Investors are pretty good at measuring reward—at least after the fact—but many, including more than a few of the most 'sophisticated' are not very good at assessing risk before the fact, which is when of course it matters! There is a better way. Allan Malz provides the road map that investors need to understand the risks they take with the investment decisions they make. Malz has a unique perspective: as an academic, a central banker, and a risk manager—he has been there and done that. His book should be required reading for investors and practitioners alike." —Richard Clarida, C. Lowell Harriss Professor of Economics, Columbia University "It is almost cliché now to point out that the practice of risk management is as much art as it is science. For those new to the field, however, while there are excellent guides to the science and models of risk, there are none that connect the models to the markets, the economy, the banking system, and the history of all of these. Allan Malz's new book does this, providing a perspective that is critical to managing risk in the post-financial crisis world." —Christopher Finger, Executive Director, MSCI Inc. "Allan Malz has done a wonderful job of surveying the challenges that face those who labor in the vineyard of financial risk management. He brings a wealth of experience and insight to this work. The first chapter, which tackles the history of financial market innovation and risks, is a tour de force and may well be worth the price of the book itself." —Galen Burghardt, Director of Research, Newedge USA; coauthor of Managed Futures for Institutional Investors: Analysis and Portfolio Construction "This book provides a wealth of information on the theory and practice of risk management. In clearly written chapters, Malz progresses from simple asset pricing theory to complex derivatives including credit derivatives and CDO tranches. Institutional and historical description is rich and plentiful with a broad discussion of the financial crisis and new regulatory issues." —Robert Engle, 2003 Nobel Laureate in Economics and Michael Armellino Professor of Finance, Stern School of Business, New York University Show Less

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Financial Risk Management: Models, History, and Institutions

Allan M. Malz

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