Автор: Hufeld Felix, Koijen Ralph S. J., Thimann Christian Название: The Economics, Regulation, and Systemic Risk of Insurance Markets ISBN: 0198788819 ISBN-13(EAN): 9780198788812 Издательство: Oxford Academ Рейтинг: Цена: 11722.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The book brings together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create.
Описание: The first decade of the 21st Century has been disastrous for financial institutions, derivatives and risk management. Counterparty credit risk has become the key element of financial risk management, highlighted by the bankruptcy of the investment bank Lehman Brothers and failure of other high profile institutions such as Bear Sterns, AIG, Fannie Mae and Freddie Mac. The sudden realisation of extensive counterparty risks has severely compromised the health of global financial markets. Counterparty risk is now a key problem for all financial institutions. This book explains the emergence of counterparty risk during the recent credit crisis. The quantification of firm-wide credit exposure for trading desks and businesses is discussed alongside risk mitigation methods such as netting and collateral management (margining) and central counterparties. Banks and other financial institutions have been recently developing their capabilities for pricing counterparty risk and these elements are considered in detail via a characterisation of credit value adjustment (CVA). The implications of an institution valuing their own default via debt value adjustment (DVA) and funding costs (FVA) are also considered at length. Portfolio management and hedging of CVA are described in full. Wrong-way counterparty risks are addressed in detail in relation to interest rate, foreign exchange, commodity and credit derivative products. Regulatory capital for counterparty risk, including the recent Basel III requirements for CVA VAR is discussed. The management of counterparty risk within an institution by a CVA desk is also discussed in detail. Finally, the design and benefits of central clearing, a recent development to attempt to control the rapid growth of counterparty risk, is considered. Hedging aspects, together with the associated instruments such as credit defaults swaps (CDSs) and contingent CDS (CCDS) are described in full. This book is unique in being practically focused but also covering the more technical aspects. It is an invaluable complete reference guide for any market practitioner, policy maker, academic or student with any responsibility or interest within the area of counterparty credit risk and CVA.
Автор: Little, Jeffrey B. Название: Understanding wall street ISBN: 0071633227 ISBN-13(EAN): 9780071633222 Издательство: McGraw-Hill Рейтинг: Цена: 2744.00 р. Наличие на складе: Поставка под заказ.
Описание: An investing classic--updated to meet the realities of a changing economy
Автор: Allen Linda, Mcmaster B Robert, Boudoukh Jacob, Jo Название: Understanding Market, Credit, and Operational Risk ISBN: 0631227091 ISBN-13(EAN): 9780631227090 Издательство: Wiley Рейтинг: Цена: 7918.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: A step--by--step, real world guide to the use of Value at Risk (VaR) models, this text applies the VaR approach to the measurement of market risk, credit risk and operational risk. The book describes and critiques proprietary models, illustrating them with practical examples drawn from actual case studies.
Автор: Billio, Monica Название: Systemic Risk Tomography ISBN: 1785480855 ISBN-13(EAN): 9781785480850 Издательство: Elsevier Science Рейтинг: Цена: 35034.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
In April 2010 Europe was shocked by the Greek financial turmoil. At that time, the global financial crisis, which started in the summer of 2007 and reached systemic dimensions in September 2008 with the Lehman Brothers' crash, took a new course. An adverse feedback loop between sovereign and bank risks reflected into bubble-like spreads, as if financial markets had received a wake-up call concerning the disregarded structural vulnerability of economies at risk. These events inspired the SYRTO project to "think and rethink" the economic and financial system and to conceive it as an "ensemble" of Sovereigns and Banks with other Financial Intermediaries and Corporations. Systemic Risk Tomography: Signals, Measurement and Transmission Channels proposes a novel way to explore the financial system by sectioning each part of it and analyzing all relevant inter-relationships. The financial system is inspected as a biological entity to identify the main risk signals and to provide the correct measures of prevention and intervention.
Explores the economic and financial system of Sovereigns, Banks, other Financial Intermediaries, and Corporations
Presents the financial system as a biological entity to be explored in order to identify the main risk signals and provide the right measures of prevention and interventions
Offers a new, systemic-based approach to construct a hierarchical, internally coherent framework to be used in developing an effective early warning system
Автор: Franklin Allen and Douglas Gale Название: Understanding Financial Crises ISBN: 0199251428 ISBN-13(EAN): 9780199251421 Издательство: Oxford Academ Рейтинг: Цена: 3166.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: What causes a financial crisis? Can crises be anticipated or even avoided? Should governments and international institutions intervene? Based on ten years of research, the authors develop a theoretical approach to analyzing financial crises and use the latest economic theories to begin to understand the causes and consequences of financial crises.
Автор: Danielsson Jon Название: Financial Risk Forecasting ISBN: 0470669438 ISBN-13(EAN): 9780470669433 Издательство: Wiley Рейтинг: Цена: 8237.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Financial Risk Forecasting is a complete introduction to practical quantitative risk management, with a focus on market risk.
Автор: Fouque Название: Handbook on Systemic Risk ISBN: 1107023432 ISBN-13(EAN): 9781107023437 Издательство: Cambridge Academ Рейтинг: Цена: 15048.00 р. Наличие на складе: Поставка под заказ.
Описание: Written by experts in the field, this book provides researchers with an introduction to the multifaceted aspects of systemic risks facing the global financial markets. It is the editors` aim to stimulate greater interdisciplinary academic research on this critically important topic with immense societal implications.
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