June 2013
Intermediate to advanced
496 pages
14h 16m
English
Content preview from Financial Market RiskBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Introduction
Probabilitatem Non Esse Delendam, Esse Deducendam1
This book covers the latest theories and empirical findings of financial market risk, its measurement, analysis and management, and its applications in finance, e.g., for dynamic asset valuation, derivatives pricing and for hedging and portfolio management. A special and rather unique part of this book is devoted to measuring when financial turbulence can occur and when financial catastrophes are probable.
To gain a basic understanding of financial market risk, we must ask at least four fundamental questions:
(1) What is financial market risk?
(2) How do we measure financial market risk? For example, which frequency and timing distributions of financial market risk do we ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.