Book by Banks Erik
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Financial institutions face more risk than ever before owing to increased market volatility and a confusing array of high-tech financial instruments. To gain an edge over their competitors, financial institutions must understand, manage and capitalize on these risks. Failure to do so is a recipe for disaster.
Volatility and Credit Risk in the Capital Markets provides an answer for financial professionals who are grappling with the ever-growing and ever-changing nature of risk in today's markets. It provides a formal, all-encompassing methodology to analyze and measure the risk/reward characteristics of various financial instruments.
The methodology is particularly suited to analyzing derivative instruments, such as options, futures and swaps. While these instruments originally were designed to manage risk, they have actually complicated risk analysis and risk management. Properly understood, derivatives can be used to engineer a precisely defined risk quotient. Poorly handled, derivatives can vastly increase a financial institution's exposure to risk. Specific instruments examined in this groundbreaking work include mortgage-backed securities and MBS derivatives; swaps and swap derivatives; foreign exchange and currency derivatives; U.S. Treasury securities and Treasury derivatives; and money market instruments.
Volatility and Credit Risk in the Capital Markets demonstrates how to quantify risk so that an institution understands its exact exposure. In so doing, the book illuminates the multi-dimensional nature of financial risk and provides a pathway for those looking to identify and exploit opportunities in today's fast-moving, ever-changing financial markets.
The first authoritative book on financial instrument risk, Volatility and Credit Risk in the Capital Markets is destined to become a classic.
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- EditorialIrwin Professional Publishing
- Año de publicación1993
- ISBN 10 1557385092
- ISBN 13 9781557385093
- EncuadernaciónTapa dura
- Número de páginas269