000 02216cam a2200289 i 4500
999 _c65574
_d65574
001 19300779
005 20200610145912.0
008 160929s2017 nju b 001 0 eng
010 _a 2016033483
020 _a9789813149960 (pbk : alk. paper)
020 _a9789813147515 (hc : alk. paper)
040 _aDLC
_beng
_cDLC
_erda
_dDLC
042 _apcc
050 0 0 _aHG173
_b.J337 2017
082 0 0 _a658.155 JAR-R
_223
100 1 _aJarrow, Robert A.,
_eauthor.
245 1 4 _aThe economic foundations of risk management :
_btheory, practice, and applications /
_cRobert Jarrow Cornell University.
260 _aLondon
_bWorld Scientific
_c2017
300 _axvi, 189 pages ;
_c24 cm
365 _aUSD
_b38.00
500 _aThe Economic Foundations of Risk Management presents the theory, the practice, and applies this knowledge to provide a forensic analysis of some well-known risk management failures. By doing so, this book introduces a unified framework for understanding how to manage the risk of an individual's or corporation's or financial institution's assets and liabilities. The book is divided into five parts. The first part studies the markets and the assets and liabilities that trade therein. Markets are differentiated based on whether they are competitive or not, frictionless or not (and the type of friction), and actively traded or not. Assets are divided into two types: primary assets and financial derivatives. The second part studies models for determining the risks of the traded assets. Models provided include the Black-Scholes-Merton, the Heath-Jarrow-Morton, and the reduced form model for credit risk. Liquidity risk, operational risk, and trading constraint models are also contained therein. The third part studies the conceptual solution to an individual's, firm's, and bank's risk management problem.
504 _aIncludes bibliographical references and index.
650 0 _aFinancial risk management.
650 0 _aRisk management
_xEconomic aspects.
906 _a7
_bcbc
_corignew
_d1
_eecip
_f20
_gy-gencatlg
955 _brm15 2016-09-29
_irm15 2016-09-29 (telework)
_arm15 2016-09-29 to Dewey
_arm15 2016-10-04 (CIP chg. request)
_axn11 2017-03-06 1 copy rec'd., to CIP ver.