Value at Risk (VaR)

Author: Philip Jorion
Publisher:
Publish Date: 2005-03-01
Features: The newly revised and expanded version of 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 finance professionals and regulators. With simple language and engaging case studies, the book reveals the roots of financial disasters and the lessons learned from them. It is definitely worth reading.
Value at Risk (VaR) technology is currently the most popular and most 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 explore the practical application of VaR technology through quantifying risk. In simple language, it provides a comprehensive introduction to the background, definition, and measurement methods of VaR, revealing the roots of financial disasters and the lessons learned from them. It can be said that this book is a weapon for risk management institutions and individual investors to control and manage risks.