Financial High-Order Moment Risk Identification and Control

Author: Xu Huafu
Publisher:
Publish Date: 2007-02-01
Features: This book systematically discusses the formation, manifestation, testing, and mitigation of a series of theoretical and practical issues related to moment sequences risk. Based on research in modeling theory and methods, it further develops a framework for identifying and controlling financial dynamic risk. On one hand, it provides a theoretical foundation for further research on higher-order moment risk, offering theoretical support and technical assistance for related topics such as dynamic portfolio investment and dynamic asset pricing under higher-order moment risk. On the other hand, the dynamic risk identification and control framework provides a set of tools and methods for financial decision-making institutions, investment decision-making institutions, and fund management mechanisms to identify risks and dynamically mitigate the impact of financial risks in portfolio investments.