Risk Measures For The 21st Century
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Risk Measures For The 21st Century
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Author : Giorgio Szegö
language : en
Publisher: Wiley
Release Date : 2004-04-02
Risk Measures For The 21st Century written by Giorgio Szegö and has been published by Wiley this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-04-02 with Business & Economics categories.
The last five years have witnessed a great momentum in the research into measures of financial risk. After many years of ad-hoc and non-consistent measures, now the problem is finally well formulated and some useful and very user-friendly solutions have been proposed. These new measures of risk should be of great interest for investors, financial institutions as well as for regulators. Under the editorship of Professor Giorgio Szego of the University of Rome "La Sapienza", this book is a collection of the revised and updated papers from prestigious international specialists who are leaders in their field, amongst whom is Robert Engle, a newly-announced Nobel prize-winner in finance. These authors bring a broad perspective across a wide selection of topics, ranging from the critique of some currently used methods, like Value at Risk, to the presentation of some correct risk measures and of some advanced application The book provides a detailed and up-to-date reference for researchers within academia, and risk managers or financial engineers.
The New Financial Order
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Author : Robert J. Shiller
language : en
Publisher: Princeton University Press
Release Date : 2009-02-09
The New Financial Order written by Robert J. Shiller and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-02-09 with Business & Economics categories.
In his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fueling the volatility that has since made a roller coaster of the financial system. Less noted was Shiller's admonition that our infatuation with the stock market distracts us from more durable economic prospects. These lie in the hidden potential of real assets, such as income from our livelihoods and homes. But these ''ordinary riches,'' so fundamental to our well-being, are increasingly exposed to the pervasive risks of a rapidly changing global economy. This compelling and important new book presents a fresh vision for hedging risk and securing our economic future. Shiller describes six fundamental ideas for using modern information technology and advanced financial theory to temper basic risks that have been ignored by risk management institutions--risks to the value of our jobs and our homes, to the vitality of our communities, and to the very stability of national economies. Informed by a comprehensive risk information database, this new financial order would include global markets for trading risks and exploiting myriad new financial opportunities, from inequality insurance to intergenerational social security. Just as developments in insuring risks to life, health, and catastrophe have given us a quality of life unimaginable a century ago, so Shiller's plan for securing crucial assets promises to substantially enrich our condition. Once again providing an enormous service, Shiller gives us a powerful means to convert our ordinary riches into a level of economic security, equity, and growth never before seen. And once again, what Robert Shiller says should be read and heeded by anyone with a stake in the economy.
Emerging Risks In The 21st Century An Agenda For Action
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2003-04-24
Emerging Risks In The 21st Century An Agenda For Action written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-04-24 with categories.
This book explores the implications of newly developing risks such as hugely damaging hurricanes, new diseases, terrorist attacks, and disruptions to critical infrastructures.
Risk Power And Inequality In The 21st Century
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Author : Dean Curran
language : en
Publisher:
Release Date : 2016
Risk Power And Inequality In The 21st Century written by Dean Curran and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Risk Quantification
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Author : Laurent Condamin
language : en
Publisher: John Wiley & Sons
Release Date : 2007-01-30
Risk Quantification written by Laurent Condamin and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-30 with Business & Economics categories.
This book offers a practical answer for the non-mathematician to all the questions any businessman always wanted to ask about risk quantification, and never dare to ask. Enterprise-wide risk management (ERM) is a key issue for board of directors worldwide. Its proper implementation ensures transparent governance with all stakeholders’ interests integrated into the strategic equation. Furthermore, Risk quantification is the cornerstone of effective risk management,at the strategic and tactical level, covering finance as well as ethics considerations. Both downside and upside risks (threats & opportunities) must be assessed to select the most efficient risk control measures and to set up efficient risk financing mechanisms. Only thus will an optimum return on capital and a reliable protection against bankruptcy be ensured, i.e. long term sustainable development. Within the ERM framework, each individual operational entity is called upon to control its own risks, within the guidelines set up by the board of directors, whereas the risk financing strategy is developed and implemented at the corporate level to optimise the balance between threats and opportunities, systematic and non systematic risks. This book is designed to equip each board member, each executives and each field manager, with the tool box enabling them to quantify the risks within his/her jurisdiction to all the extend possible and thus make sound, rational and justifiable decisions, while recognising the limits of the exercise. Beyond traditional probability analysis, used since the 18th Century by the insurance community, it offers insight into new developments like Bayesian expert networks, Monte-Carlo simulation, etc. with practical illustrations on how to implement them within the three steps of risk management, diagnostic, treatment and audit. With a foreword by Catherine Veret and an introduction by Kevin Knight.
Risk Power And Inequality In The 21st Century
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Author : D. Curran
language : en
Publisher: Springer
Release Date : 2016-06-13
Risk Power And Inequality In The 21st Century written by D. Curran and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-13 with Social Science categories.
Risk, Power, and Inequality in the 21st Century provides a groundbreaking new analysis of the increasingly important relationship between risk and widening inequalities. The massive, and often unequal, impacts of contemporary risks are recognized widely in popular discussions – be it the fall-out from the 2008 financial crisis or Hurricane Katrina – yet there is a distinct neglect in social science of the overall systemic impacts of these risks for increasing inequalities. This book moves beyond this lacuna to identify novel intersections of risk and inequalities. It shows how key processes associated with risk society – the social production and distribution of risks as side-effects – are intensifying inequalities in fundamental ways. In articulating how risk is intensifying both the social sources of suffering of the least advantaged and the power of the most advantaged, this book realizes a significant rethinking of risk, power, and inequalities in contemporary society.
Systemic Risk
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Author : Yvonne Kreis
language : en
Publisher:
Release Date : 2019
Systemic Risk written by Yvonne Kreis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with BUSINESS & ECONOMICS categories.
New Frontiers In Enterprise Risk Management
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Author : David L. Olson
language : en
Publisher: Springer Science & Business Media
Release Date : 2008-04-13
New Frontiers In Enterprise Risk Management written by David L. Olson and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-13 with Business & Economics categories.
Risk management has become a critical part of doing business in the twenty-first century. This book is a collection of material about enterprise risk management, and the role of risk in decision making. Part I introduces the topic of enterprise risk management. Part II presents enterprise risk management from perspectives of finance, accounting, insurance, supply chain operations, and project management. Technology tools are addressed in Part III, including financial models of risk as well as accounting aspects, using data envelopment analysis, neural network tools for credit risk evaluation, and real option analysis applied to information techn- ogy outsourcing. In Part IV, three chapters present enterprise risk management experience in China, including banking, chemical plant operations, and information technology. Lincoln, USA David L. Olson Toronto, Canada Desheng Wu February 2008 v Contents Part I Preliminary 1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 David L. Olson & Desheng Wu 2 The Human Reaction to Risk and Opportunity . . . . . . . . . . . . . . . . . . . 7 David R. Koenig Part II ERM Perspectives 3 Enterprise Risk Management: Financial and Accounting Perspectives . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Desheng Wu & David L. Olson 4 An Empirical Study on Enterprise Risk Management in Insurance . . 39 Madhusudan Acharyya 5 Supply Chain Risk Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 David L. Olson & Desheng Wu 6 Two Polar Concept of Project Risk Management. . . . . . . . . . . . . . . . . . 69 Seyed Mohammad Seyedhoseini, Siamak Noori & Mohammed AliHatefi Part III ERM Technologies 7 The Mathematics of Risk Transfer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 Marcos Escobar & Luis Seco 8 Stable Models in Risk Management. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Risk21 Coping With Risks Due To Natural Hazards In The 21st Century
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Author : Walter J. Ammann
language : en
Publisher: CRC Press
Release Date : 2006-08-17
Risk21 Coping With Risks Due To Natural Hazards In The 21st Century written by Walter J. Ammann and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-08-17 with Technology & Engineering categories.
Over the last two decades, there has been an increase in the number of natural hazards which have culminated in catastrophic consequences, severely impacting on people and livelihoods. In response to this escalation, the Swiss Natural Hazards Competence Centre (CENAT) organized a workshop entitled "RISK21" at the Centro Stefano Franscini, Mon
Handbook Of Portfolio Construction
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Author : John B. Guerard, Jr.
language : en
Publisher: Springer Science & Business Media
Release Date : 2009-12-12
Handbook Of Portfolio Construction written by John B. Guerard, Jr. and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-12-12 with Business & Economics categories.
Portfolio construction is fundamental to the investment management process. In the 1950s, Harry Markowitz demonstrated the benefits of efficient diversification by formulating a mathematical program for generating the "efficient frontier" to summarize optimal trade-offs between expected return and risk. The Markowitz framework continues to be used as a basis for both practical portfolio construction and emerging research in financial economics. Such concepts as the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory (APT), for example, provide the foundation for setting benchmarks, for predicting returns and risk, and for performance measurement. This volume showcases original essays by some of today’s most prominent academics and practitioners in the field on the contemporary application of Markowitz techniques. Covering a wide spectrum of topics, including portfolio selection, data mining tests, and multi-factor risk models, the book presents a comprehensive approach to portfolio construction tools, models, frameworks, and analyses, with both practical and theoretical implications.