{"product_id":"9780470481806","title":"Financial Risk Management Models, History, and Institutions","description":"\u003ch3\u003eWiley Finance\u003c\/h3\u003e\u003ch1\u003eFinancial Risk Management\u003c\/h1\u003e\u003ch2\u003eModels, History, and Institutions\u003c\/h2\u003e\u003ch3\u003eAllan M. Malz\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Finance \/ General\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003eFinancial risk has become a focus of financial and nonfinancial firms, individuals, and policy makers. But the study of risk remains a relatively new discipline in finance and continues to be refined. The financial market crisis that began in 2007 has highlighted the challenges of managing financial risk. Now, in \u003ci\u003eFinancial Risk Management\u003c\/i\u003e, author Allan Malz addresses the essential issues surrounding this discipline, sharing his extensive career experiences as a risk researcher, risk manager, and central banker. The book includes standard risk measurement models as well as alternative models that address options, structured credit risks, and the real-world complexities or risk modeling, and provides the institutional and historical background on financial innovation, liquidity, leverage, and financial crises that is crucial to practitioners and students of finance for understanding the world today. \u003cp\u003e\u003ci\u003eFinancial Risk Management\u003c\/i\u003e is equally suitable for firm risk managers, economists, and policy makers seeking grounding in the subject. This timely guide skillfully surveys the landscape of financial risk and the financial developments of recent decades that culminated in the crisis. The book provides a comprehensive overview of the different types of financial risk we face, as well as the techniques used to measure and manage them. Topics covered include:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eMarket risk, from Value-at-Risk (VaR) to risk models for options\u003c\/li\u003e \u003cli\u003eCredit risk, from portfolio credit risk to structured credit products\u003c\/li\u003e \u003cli\u003eModel risk and validation\u003c\/li\u003e \u003cli\u003eRisk capital and stress testing\u003c\/li\u003e \u003cli\u003eLiquidity risk, leverage, systemic risk, and the forms they take\u003c\/li\u003e \u003cli\u003eFinancial crises, historical and current, their causes and characteristics\u003c\/li\u003e \u003cli\u003eFinancial regulation and its evolution in the wake of the global crisis\u003c\/li\u003e \u003cli\u003eAnd much more\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eCombining the more model-oriented approach of risk management-as it has evolved over the past two decades-with an economist's approach to the same issues, \u003ci\u003eFinancial Risk Management\u003c\/i\u003e is the essential guide to the subject for today's complex world.\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e  \u003cp\u003e\u003cb\u003eALLAN M. MALZ\u003c\/b\u003e is a Senior Analytical Advisor in the Markets Group at the Federal Reserve Bank of New York, where he has also worked on implementation of the Fed's emergency liquidity programs to address the financial crisis. Before rejoining the Fed, he was chief risk officer at several multi-strategy hedge fund management firms. Previously, Malz was head of research at RiskMetrics Group, which he joined on its spinoff from J.P. Morgan. Malz spent his earlier career at the New York Fed as a researcher and foreign exchange trader. His research, which includes forecasting financial crises, risk measurement for options, and estimation of risk-neutral probability distributions, has been published in a number of industry and academic journals. Malz holds a PhD in economics from Columbia University, where he also teaches a graduate course in financial risk management. \u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e04 October 2011\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9780470481806\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e752\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e39.36\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44384130990220,"sku":"9780470481806","price":85.5,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9780470481806_40aa192c-feda-4595-b2e4-f54f8e3980b4.jpg?v=1780140200","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9780470481806","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}