Value at Risk (VAR) - Second Edition

Author: [USA] Philip Jorion
Publisher:
Publish Date: 2005-01-01
Features: The thoroughly revised and expanded new edition, Philip Jorion's latest work on financial risk management. The book has been a resounding success. Its greatest strength lies in its exceptionally clear and in-depth explanation of complex issues. I highly recommend this book to financial professionals and regulators. With simple language and detailed, engaging case studies, it reveals the roots of financial disasters and the lessons learned from them. The book is well worth reading.
Value at Risk (VaR) technology is currently the most popular and effective risk management technique in the market. Based on various models (parametric models, historical simulation models), the book uses numerous financial examples and real data to quantitatively analyze risk. In simple language, it focuses on the practical application of VaR technology, providing a comprehensive introduction to the background, definition, and measurement methods of VaR, while also revealing the roots of financial disasters and the lessons learned from them. It can be said that this book is a tool for risk management institutions and individual investors to control and manage risks.