Advanced Financial Risk Management (Comprehensive Credit Risk and Interest Rate Risk Management Tools and Techniques)

Author: David T. [USA] and others
Publisher:
Publishing Time: Not available
Features: Credit risk, market risk, asset and liability management, and performance evaluation are the most important parts of financial institution management. They were traditionally considered separate disciplines, but the development of new financial theories and computer science has enabled us to comprehensively and effectively analyze these risks through quantitative methods, thereby improving management efficiency. Donald R. Van Deventer, Kenji Imai, and later Mark Mesler, all renowned risk management experts, expand on the concepts presented in their book CreditRiskModelsandTheBaselAccords in this work and update the relevant content from their 1996 publication FinancialRiskAnalysis. The authors provide measurement methods and objectives for risk management, as well as comprehensive hedging strategies widely applicable to various institutions. The book also presents a better performance evaluation method, which significantly outperforms traditional capital allocation techniques in measuring risk-adjusted shareholder value. More importantly, it supplements the comprehensive risk management strategies with step-by-step tools and techniques. This book serves as a must-read textbook and teaching reference for faculty, graduate students, and doctoral students in finance and financial studies at universities and colleges nationwide; commercial banks can use it as a training manual for senior financial risk management knowledge for management personnel; financial doctoral students and experts in the global financial system can refer to it as high-quality academic literature. It is also suitable for other professional graduate students, finance industry practitioners, and anyone interested in global financial risk management.