Advanced Financial Risk Management: Comprehensive Credit Risk and Interest Rate Risk Management Tools and Techniques

Author: David L. Daves (USA)
Publisher:
Publish Date: 2006-10-01
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. Renowned risk management experts Donald R. Van Daves, Kenji Imai, and later Mark Mersky expand the concepts they introduced in the book CreditRiskModelsandTheBaselAccords in this book and update the relevant content mentioned in their 1996 publication FinancialRiskAnalysis. The authors provide comprehensive strategic hedging techniques widely applicable to various institutions, along with measurement methods and objectives for risk management. The book also presents a better performance evaluation method that significantly outperforms traditional capital allocation techniques in terms of risk-adjusted shareholder value. More importantly, it supplements the comprehensive risk management strategy with step-by-step derived tools and techniques. This book can serve as a required textbook and teaching reference for faculty, graduate, and doctoral students in finance and financial studies at universities nationwide; commercial banks can select 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 use it as high-quality reference material; it is also suitable for other professional graduate students, finance industry practitioners, and socially engaged individuals interested in global financial risk management.