Understanding Risk

Risk management combines considerable quantitative skills with more practical and intuitive competencies. Presenting both mathematical aspects and practical skills, "Understanding Risk: The Theory and Practice of Financial Risk Management" introduces the foundations of risk management and shows how these concepts are used to create practical risk management systems. From risk measurement to risk management, the book addresses topics such as equity hybrid modeling, mainstream market and credit risk, liquidity risk, legal risk, and the influence of accounting along with the effects of cultural and organizational issues. Examples from structured finance and inflation-linked products are also included.