Engineering Risk And Finance

Download Engineering Risk And Finance full books in PDF, epub, and Kindle. Read online Engineering Risk And Finance ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Engineering Risk and Finance

Author : Charles S. Tapiero
Publisher : Springer Science & Business Media
ISBN 13 : 1461462347
Total Pages : 518 pages
Book Rating : 4.4/5 (614 download)

DOWNLOAD NOW!

Book Synopsis Engineering Risk and Finance by : Charles S. Tapiero

Download or read book Engineering Risk and Finance written by Charles S. Tapiero and published by Springer Science & Business Media. This book was released on 2013-02-13 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk models are models of uncertainty, engineered for some purposes. They are “educated guesses and hypotheses” assessed and valued in terms of well-defined future states and their consequences. They are engineered to predict, to manage countable and accountable futures and to provide a frame of reference within which we may believe that “uncertainty is tamed”. Quantitative-statistical tools are used to reconcile our information, experience and other knowledge with hypotheses that both serve as the foundation of risk models and also value and price risk. Risk models are therefore common to most professions, each with its own methods and techniques based on their needs, experience and a wisdom accrued over long periods of time. This book provides a broad and interdisciplinary foundation to engineering risks and to their financial valuation and pricing. Risk models applied in industry and business, heath care, safety, the environment and regulation are used to highlight their variety while financial valuation techniques are used to assess their financial consequences. This book is technically accessible to all readers and students with a basic background in probability and statistics (with 3 chapters devoted to introduce their elements). Principles of risk measurement, valuation and financial pricing as well as the economics of uncertainty are outlined in 5 chapters with numerous examples and applications. New results, extending classical models such as the CCAPM are presented providing insights to assess the risks and their price in an interconnected, dependent and strategic economic environment. In an environment departing from the fundamental assumptions we make regarding financial markets, the book provides a strategic/game-like approach to assess the risk and the opportunities that such an environment implies. To control these risks, a strategic-control approach is developed that recognizes that many risks resulting by “what we do” as well as “what others do”. In particular we address the strategic and statistical control of compliance in large financial institutions confronted increasingly with a complex and far more extensive regulation.

Financial Engineering

Author : Keith Cuthbertson
Publisher : John Wiley & Sons
ISBN 13 : 0471495840
Total Pages : 802 pages
Book Rating : 4.4/5 (714 download)

DOWNLOAD NOW!

Book Synopsis Financial Engineering by : Keith Cuthbertson

Download or read book Financial Engineering written by Keith Cuthbertson and published by John Wiley & Sons. This book was released on 2001-06-08 with total page 802 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text provides a thorough treatment of futures, 'plain vanilla' options and swaps as well as the use of exotic derivatives and interest rate options for speculation and hedging. Pricing of options using numerical methods such as lattices (BOPM), Mone Carlo simulation and finite difference methods, in additon to solutions using continuous time mathematics, are also covered. Real options theory and its use in investment appraisal and in valuing internet and biotechnology companies provide cutting edge practical applications. Practical risk management issues are examined in depth. Alternative models for calculating Value at Risk (market risk) and credit risk provide the throretical basis for a practical and timely overview of these areas of regulatory policy. This book is designed for courses in derivatives and risk management taken by specialist MBA, MSc Finance students or final year undergraduates, either as a stand-alone text or as a follow-on to Investments: Spot and Derivatives Markets by the same authors. The authors adopt a real-world emphasis throughout, and include features such as: * topic boxes, worked examples and learning objectives * Financial Times and Wall Street Journal newspaper extracts and analysis of real world cases * supporting web site including Lecturer's Resource Pack and Student Centre with interactive Excel and GAUSS software

Practical Methods of Financial Engineering and Risk Management

Author : Rupak Chatterjee
Publisher : Apress
ISBN 13 : 143026134X
Total Pages : 379 pages
Book Rating : 4.4/5 (32 download)

DOWNLOAD NOW!

Book Synopsis Practical Methods of Financial Engineering and Risk Management by : Rupak Chatterjee

Download or read book Practical Methods of Financial Engineering and Risk Management written by Rupak Chatterjee and published by Apress. This book was released on 2014-09-26 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk control, capital allocation, and realistic derivative pricing and hedging are critical concerns for major financial institutions and individual traders alike. Events from the collapse of Lehman Brothers to the Greek sovereign debt crisis demonstrate the urgent and abiding need for statistical tools adequate to measure and anticipate the amplitude of potential swings in the financial markets—from ordinary stock price and interest rate moves, to defaults, to those increasingly frequent "rare events" fashionably called black swan events. Yet many on Wall Street continue to rely on standard models based on artificially simplified assumptions that can lead to systematic (and sometimes catastrophic) underestimation of real risks. In Practical Methods of Financial Engineering and Risk Management, Dr. Rupak Chatterjee— former director of the multi-asset quantitative research group at Citi—introduces finance professionals and advanced students to the latest concepts, tools, valuation techniques, and analytic measures being deployed by the more discerning and responsive Wall Street practitioners, on all operational scales from day trading to institutional strategy, to model and analyze more faithfully the real behavior and risk exposure of financial markets in the cold light of the post-2008 realities. Until one masters this modern skill set, one cannot allocate risk capital properly, price and hedge derivative securities realistically, or risk-manage positions from the multiple perspectives of market risk, credit risk, counterparty risk, and systemic risk. The book assumes a working knowledge of calculus, statistics, and Excel, but it teaches techniques from statistical analysis, probability, and stochastic processes sufficient to enable the reader to calibrate probability distributions and create the simulations that are used on Wall Street to valuate various financial instruments correctly, model the risk dimensions of trading strategies, and perform the numerically intensive analysis of risk measures required by various regulatory agencies.

Financial Engineering

Author : Lawrence Galitz
Publisher : McGraw-Hill Companies
ISBN 13 :
Total Pages : 536 pages
Book Rating : 4.4/5 (91 download)

DOWNLOAD NOW!

Book Synopsis Financial Engineering by : Lawrence Galitz

Download or read book Financial Engineering written by Lawrence Galitz and published by McGraw-Hill Companies. This book was released on 1995 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial engineering is about using financial instruments to reduce or eliminate risk, or to restructure financial exposure to improve its characteristics. Written with a clear and concise style, it covers the tools of financial engineering, defines each instrument, describes the markets in which they are traded and explains how each product is priced and hedged.

Principles of Financial Engineering

Author : Robert Kosowski
Publisher : Academic Press
ISBN 13 : 0123870070
Total Pages : 893 pages
Book Rating : 4.1/5 (238 download)

DOWNLOAD NOW!

Book Synopsis Principles of Financial Engineering by : Robert Kosowski

Download or read book Principles of Financial Engineering written by Robert Kosowski and published by Academic Press. This book was released on 2014-11-26 with total page 893 pages. Available in PDF, EPUB and Kindle. Book excerpt: Principles of Financial Engineering, Third Edition, is a highly acclaimed text on the fast-paced and complex subject of financial engineering. This updated edition describes the "engineering" elements of financial engineering instead of the mathematics underlying it. It shows how to use financial tools to accomplish a goal rather than describing the tools themselves. It lays emphasis on the engineering aspects of derivatives (how to create them) rather than their pricing (how they act) in relation to other instruments, the financial markets, and financial market practices. This volume explains ways to create financial tools and how the tools work together to achieve specific goals. Applications are illustrated using real-world examples. It presents three new chapters on financial engineering in topics ranging from commodity markets to financial engineering applications in hedge fund strategies, correlation swaps, structural models of default, capital structure arbitrage, contingent convertibles, and how to incorporate counterparty risk into derivatives pricing. Poised midway between intuition, actual events, and financial mathematics, this book can be used to solve problems in risk management, taxation, regulation, and above all, pricing. A solutions manual enhances the text by presenting additional cases and solutions to exercises. This latest edition of Principles of Financial Engineering is ideal for financial engineers, quantitative analysts in banks and investment houses, and other financial industry professionals. It is also highly recommended to graduate students in financial engineering and financial mathematics programs. The Third Edition presents three new chapters on financial engineering in commodity markets, financial engineering applications in hedge fund strategies, correlation swaps, structural models of default, capital structure arbitrage, contingent convertibles and how to incorporate counterparty risk into derivatives pricing, among other topics Additions, clarifications, and illustrations throughout the volume show these instruments at work instead of explaining how they should act The solutions manual enhances the text by presenting additional cases and solutions to exercises

Engineering Risk and Finance

Author : Charles S. Tapiero
Publisher : Springer
ISBN 13 : 9781461462354
Total Pages : 508 pages
Book Rating : 4.4/5 (623 download)

DOWNLOAD NOW!

Book Synopsis Engineering Risk and Finance by : Charles S. Tapiero

Download or read book Engineering Risk and Finance written by Charles S. Tapiero and published by Springer. This book was released on 2013-02-14 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk models are models of uncertainty, engineered for some purposes. They are “educated guesses and hypotheses” assessed and valued in terms of well-defined future states and their consequences. They are engineered to predict, to manage countable and accountable futures and to provide a frame of reference within which we may believe that “uncertainty is tamed”. Quantitative-statistical tools are used to reconcile our information, experience and other knowledge with hypotheses that both serve as the foundation of risk models and also value and price risk. Risk models are therefore common to most professions, each with its own methods and techniques based on their needs, experience and a wisdom accrued over long periods of time. This book provides a broad and interdisciplinary foundation to engineering risks and to their financial valuation and pricing. Risk models applied in industry and business, heath care, safety, the environment and regulation are used to highlight their variety while financial valuation techniques are used to assess their financial consequences. This book is technically accessible to all readers and students with a basic background in probability and statistics (with 3 chapters devoted to introduce their elements). Principles of risk measurement, valuation and financial pricing as well as the economics of uncertainty are outlined in 5 chapters with numerous examples and applications. New results, extending classical models such as the CCAPM are presented providing insights to assess the risks and their price in an interconnected, dependent and strategic economic environment. In an environment departing from the fundamental assumptions we make regarding financial markets, the book provides a strategic/game-like approach to assess the risk and the opportunities that such an environment implies. To control these risks, a strategic-control approach is developed that recognizes that many risks resulting by “what we do” as well as “what others do”. In particular we address the strategic and statistical control of compliance in large financial institutions confronted increasingly with a complex and far more extensive regulation.

The Financial Times Handbook of Financial Engineering

Author : Lawrence Galitz
Publisher : Pearson UK
ISBN 13 : 0273742426
Total Pages : 666 pages
Book Rating : 4.2/5 (737 download)

DOWNLOAD NOW!

Book Synopsis The Financial Times Handbook of Financial Engineering by : Lawrence Galitz

Download or read book The Financial Times Handbook of Financial Engineering written by Lawrence Galitz and published by Pearson UK. This book was released on 2013-06-11 with total page 666 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Times Handbook of Financial Engineering clearly explains the tools of financial engineering, showing you the formulas behind the tools, illustrating how they are applied, priced and hedged. All applications in this book are illustrated with fully-worked practical examples, and recommended tactics and techniques are tested using recent data.

Principles of Financial Engineering

Author : Salih N. Neftci
Publisher : Academic Press
ISBN 13 : 0080919979
Total Pages : 697 pages
Book Rating : 4.0/5 (89 download)

DOWNLOAD NOW!

Book Synopsis Principles of Financial Engineering by : Salih N. Neftci

Download or read book Principles of Financial Engineering written by Salih N. Neftci and published by Academic Press. This book was released on 2008-12-09 with total page 697 pages. Available in PDF, EPUB and Kindle. Book excerpt: Principles of Financial Engineering, Second Edition, is a highly acclaimed text on the fast-paced and complex subject of financial engineering. This updated edition describes the "engineering" elements of financial engineering instead of the mathematics underlying it. It shows you how to use financial tools to accomplish a goal rather than describing the tools themselves. It lays emphasis on the engineering aspects of derivatives (how to create them) rather than their pricing (how they act) in relation to other instruments, the financial markets, and financial market practices. This volume explains ways to create financial tools and how the tools work together to achieve specific goals. Applications are illustrated using real-world examples. It presents three new chapters on financial engineering in topics ranging from commodity markets to financial engineering applications in hedge fund strategies, correlation swaps, structural models of default, capital structure arbitrage, contingent convertibles, and how to incorporate counterparty risk into derivatives pricing. Poised midway between intuition, actual events, and financial mathematics, this book can be used to solve problems in risk management, taxation, regulation, and above all, pricing. This latest edition of Principles of Financial Engineering is ideal for financial engineers, quantitative analysts in banks and investment houses, and other financial industry professionals. It is also highly recommended to graduate students in financial engineering and financial mathematics programs. The Second Edition presents 5 new chapters on structured product engineering, credit markets and instruments, and principle protection techniques, among other topics Additions, clarifications, and illustrations throughout the volume show these instruments at work instead of explaining how they should act The Solutions Manual enhances the text by presenting additional cases and solutions to exercises

Risk Analysis in Engineering and Economics

Author : Bilal M. Ayyub
Publisher : CRC Press
ISBN 13 : 0203497694
Total Pages : 597 pages
Book Rating : 4.2/5 (34 download)

DOWNLOAD NOW!

Book Synopsis Risk Analysis in Engineering and Economics by : Bilal M. Ayyub

Download or read book Risk Analysis in Engineering and Economics written by Bilal M. Ayyub and published by CRC Press. This book was released on 2003-06-26 with total page 597 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than any other book available, Risk Analysis in Engineering and Economics introduces the fundamental concepts, techniques, and applications of the subject in a style tailored to meet the needs of students and practitioners of engineering, science, economics, and finance. Drawing on his extensive experience in uncertainty and risk modeling and analysis, the author leads readers from the fundamental concepts through the theory, applications, and data requirements, sources, and collection. He emphasizes the practical use of the methods presented and carefully examines the limitations, advantages, and disadvantages of each. Case studies that incorporate the techniques discussed offer a practical perspective that helps readers clearly identify and solve problems encountered in practice. If you deal with decision-making under conditions of uncertainty, this book is required reading. The presentation includes more than 300 tables and figures, more than 100 examples, many case studies, and a wealth of end-of-chapter problems. Unlike the classical books on reliability and risk assessment, this book helps you relate underlying concepts to everyday applications and better prepares you to understand and use the methods of risk analysis.

Winning with Risk Management

Author : Russell Walker
Publisher : World Scientific
ISBN 13 : 9814518484
Total Pages : 256 pages
Book Rating : 4.8/5 (145 download)

DOWNLOAD NOW!

Book Synopsis Winning with Risk Management by : Russell Walker

Download or read book Winning with Risk Management written by Russell Walker and published by World Scientific. This book was released on 2013-04-04 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops the notion that companies can succeed on the basis of risk management, much as companies compete on efficiency, costs, labor, location, and other dimensions. The reality of risk and how it impacts companies is that it is much more definite, often catastrophic and looks more like a shock. This is striking, as a difference between firms on risk different than a marginal difference in operating efficiencies, for example. Competing on Risk Management requires a discipline, a commitment to using information and recognizing shocks and then acting upon those to redistribute assets. This book will examine how leading firms that compete on risk have done this and showcase best practices and impacts to the capital structure of firms and their organizational formation. Contents:Introduction to RiskOverview of Risk DecisionsDealing With Shocks — Large Scale Risks Impacting Markets and IndustriesOperations Pose Embedded Risks to the EnterpriseReliance on Technology Increases Operational Risk — Often It Is Not ObviousDealing With Contagion and Persistence in RisksRisk Management as a Corporate CompetencyProtecting the Enterprise From Itself — Learning From History, Again Forming an Organization That Competes on Risk: Organizational ImplicationsDeveloping a Culture for Sound Risk ManagementToyota: Dealing With Crisis in a Major (Foreign) MarketCommunicating Risk Information in the EnterpriseBenefits of Competing on Risk Readership: Business professionals and students interested in the topic of risk management. Keywords:Risk Management;Risk;Financial Markets;Enterprise RiskKey Features:Best practices for dealing with operational and enterprise riskExamples of risk management as a competitive advantage for an enterpriseExamples of how risk management best practices add long term shareholder valueReviews: “Professor Walker provides an excellent perspective on risk management and its importance in corporate strategy and running a global business. I highly recommend this book to executives, board members and anyone else who truly wants to understand the key concepts of risk management.” Harry M Kraemer, Jr. Executive Partner of Madison Dearborn Partners and former Chairman and CEO of Baxter International Inc. “This book addresses risk management as a corporate competency that is important to the success of the organization and is an excellent read for executives and board members seeking to develop winning risk management strategies.” Dennis Chookaszian Former Chairman and CEO of CNA Insurance Company “The events of 2008 showed that risk was mispriced and misunderstood by many businesses. There were winners and losers. This book will help you be a winner with risk!” Donald P Jacobs Dean Emeritus of the Kellogg School of Management “In this engaging analysis of risk management, Dr. Russell Walker takes a holistic look at the competitive advantages of risk and how to approach volatility and uncertainty. Dr. Walker provides strong historical context for risk and then explores how it impacts modern business organizations in diverse ways — from operational risk in the supply chain to technological risks inherent in digital processes. Drawing from theory and practice, Dr. Walker highlights various real-world cases of risk management, including examples from the 2008 recession. Of special benefit is his focus on how top firms successfully compete on risk. Anyone seeking an accessible and rich consideration of risk will gain valuable insight from Dr. Walker's treatment of this ever-present market force.” Dipak C Jain Dean of INSEAD “Of special interest are the many relevant case studies that help the reader to identify decisions that led to catastrophe or to success. Winning with Risk Management is highly recommended for any engineer, and especially for professionals with risk analysis responsibilities.” Product Development & Management Association

Dictionary of Financial Engineering

Author : John F. Marshall
Publisher : John Wiley & Sons
ISBN 13 : 0471436496
Total Pages : 303 pages
Book Rating : 4.4/5 (714 download)

DOWNLOAD NOW!

Book Synopsis Dictionary of Financial Engineering by : John F. Marshall

Download or read book Dictionary of Financial Engineering written by John F. Marshall and published by John Wiley & Sons. This book was released on 2001-05-22 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical guide to the inside language of the world of derivative instruments and risk management Financial engineering is where technology and quantitative analysis meet on Wall Street to solve risk problems and find investment opportunities. It evolved out of options pricing, and, at this time, is primarily focused on derivatives since they are the most difficult instruments to price and are also the riskiest. Not only is financial engineering a relatively new field, but by its nature, it continues to grow and develop. This unique dictionary explains and clarifies for financial professionals the important terms, concepts, and sometimes arcane language of this increasingly influential world of high finance and potentially high profits. John F. Marshall (New York, NY) is a Managing Partner of Marshall, Tucker & Associates, a New York-based financial engineering and consulting firm. Former Executive Director of then International Association of Financial Engineers, Marshall is the author of several books, including Understanding Swaps.

Enterprise Risk Management

Author : David Louis Olson
Publisher : World Scientific
ISBN 13 : 9812791485
Total Pages : 265 pages
Book Rating : 4.8/5 (127 download)

DOWNLOAD NOW!

Book Synopsis Enterprise Risk Management by : David Louis Olson

Download or read book Enterprise Risk Management written by David Louis Olson and published by World Scientific. This book was released on 2008 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book expands the scope of risk management beyond insurance and finance to include accounting risk, terrorism, and other issues that can threaten an organization. It approaches risk management from five perspectives: in addition to the core perspective of financial risk management, it addresses perspectives of accounting, supply chains, information systems, and disaster management. It also covers balanced scorecards, multiple criteria analysis, simulation, data envelopment analysis, and financial risk measures that help assess risk, thereby enabling a well-informed managerial decision making.The book concludes by looking at four case studies, which cover a wide range of topics. These include such practical issues as the development and implementation of a sound risk management structure; supply chain risk and enterprise resource planning systems in information systems, and disaster management.

Engineering Risk Management

Author : Thierry Meyer
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 3110665336
Total Pages : 402 pages
Book Rating : 4.1/5 (16 download)

DOWNLOAD NOW!

Book Synopsis Engineering Risk Management by : Thierry Meyer

Download or read book Engineering Risk Management written by Thierry Meyer and published by Walter de Gruyter GmbH & Co KG. This book was released on 2022-04-04 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This revised and updated 3rd edition of Engineering Risk Management presents management principles, risk diagnostics, analysis and treatment methods, followed by examples of practical implementation in chemistry, physics, and nanotechnology. An all-new chapter on dynamic risk assessment makes this a uniquely up-to-date and comprehensive treatise on engineering risk management theory and strategies.

Model Risk in Financial Markets

Author : Radu Tunaru
Publisher : World Scientific
ISBN 13 : 9814663425
Total Pages : 384 pages
Book Rating : 4.8/5 (146 download)

DOWNLOAD NOW!

Book Synopsis Model Risk in Financial Markets by : Radu Tunaru

Download or read book Model Risk in Financial Markets written by Radu Tunaru and published by World Scientific. This book was released on 2015-06-08 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial systems in most developed countries today build up a large amount of model risk on a daily basis. However, this is not particularly visible as the financial risk management agenda is still dominated by the subprime-liquidity crisis, the sovereign crises, and other major political events. Losses caused by model risk are hard to identify and even when they are internally identified, as such, they are most likely to be classified as normal losses due to market evolution. Model Risk in Financial Markets: From Financial Engineering to Risk Management seeks to change the current perspective on model innovation, implementation and validation. This book presents a wide perspective on model risk related to financial markets, running the gamut from financial engineering to risk management, from financial mathematics to financial statistics. It combines theory and practice, both the classical and modern concepts being introduced for financial modelling. Quantitative finance is a relatively new area of research and much has been written on various directions of research and industry applications. In this book the reader gradually learns to develop a critical view on the fundamental theories and new models being proposed. Contents:IntroductionFundamental RelationshipsModel Risk in Interest Rate ModellingArbitrage TheoryDerivatives Pricing Under UncertaintyPortfolio Selection Under UncertaintyProbability Pitfalls of Financial CalculusModel Risk in Risk Measures CalculationsParameter Estimation RiskComputational ProblemsPortfolio Selection Using Sharpe RatioBayesian Calibration for Low Frequency DataMCMC Estimation of Credit Risk MeasuresLast But Not Least. Can We Avoid the Next Big Systemic Financial Crisis?Notations for the Study of MLE for CIR Process Readership: Graduate students, researchers, practitioners, senior managers in financial institutions and hedge-funds, regulators and risk managers, who are keen to understand the pitfalls of financial modelling, and also those who are looking for a career in model validation, product control and risk management functions. Key Features:Some innovative results are presented for the first timeCovers a wide range of models, results and applications in financial markets to demonstrate that model risk is generally spreadKeywords:Model Risk;Risk Management;Financial Engineering;Financial Markets

Modern Financial Engineering: Counterparty, Credit, Portfolio And Systemic Risks

Author : Giuseppe Orlando
Publisher : World Scientific
ISBN 13 : 9811252378
Total Pages : 434 pages
Book Rating : 4.8/5 (112 download)

DOWNLOAD NOW!

Book Synopsis Modern Financial Engineering: Counterparty, Credit, Portfolio And Systemic Risks by : Giuseppe Orlando

Download or read book Modern Financial Engineering: Counterparty, Credit, Portfolio And Systemic Risks written by Giuseppe Orlando and published by World Scientific. This book was released on 2021-12-28 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book offers an overview of credit risk modeling and management. A three-step approach is adopted with the contents, after introducing the essential concepts of both mathematics and finance.Initially the focus is on the modeling of credit risk parameters mainly at the level of individual debtor and transaction, after which the book delves into counterparty credit risk, thus providing the link between credit and market risks. The second part is aimed at the portfolio level when multiple loans are pooled and default correlation becomes an important factor to consider and model. In this respect, the book explains how copulas help in modeling. The final stage is the macro perspective when the combination of credit risks related to financial institutions produces systemic risk and affects overall financial stability.The entire approach is two-dimensional as well. First, all modeling steps have replicable programming codes both in R and Matlab. In this way, the reader can experience the impact of changing the default probabilities of a given borrower or the weights of a sector. Second, at each stage, the book discusses the regulatory environment. This is because, at times, regulation can have stricter constraints than the outcome of internal models. In summary, the book guides the reader in modeling and managing credit risk by providing both the theoretical framework and the empirical tools necessary for a modern finance professional. In this sense, the book is aimed at a wide audience in all fields of study: from quants who want to engage in finance to economists who want to learn about coding and modern financial engineering.

Handbook in Monte Carlo Simulation

Author : Paolo Brandimarte
Publisher : John Wiley & Sons
ISBN 13 : 1118594517
Total Pages : 688 pages
Book Rating : 4.1/5 (185 download)

DOWNLOAD NOW!

Book Synopsis Handbook in Monte Carlo Simulation by : Paolo Brandimarte

Download or read book Handbook in Monte Carlo Simulation written by Paolo Brandimarte and published by John Wiley & Sons. This book was released on 2014-06-20 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible treatment of Monte Carlo methods, techniques, and applications in the field of finance and economics Providing readers with an in-depth and comprehensive guide, the Handbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics presents a timely account of the applicationsof Monte Carlo methods in financial engineering and economics. Written by an international leading expert in thefield, the handbook illustrates the challenges confronting present-day financial practitioners and provides various applicationsof Monte Carlo techniques to answer these issues. The book is organized into five parts: introduction andmotivation; input analysis, modeling, and estimation; random variate and sample path generation; output analysisand variance reduction; and applications ranging from option pricing and risk management to optimization. The Handbook in Monte Carlo Simulation features: An introductory section for basic material on stochastic modeling and estimation aimed at readers who may need a summary or review of the essentials Carefully crafted examples in order to spot potential pitfalls and drawbacks of each approach An accessible treatment of advanced topics such as low-discrepancy sequences, stochastic optimization, dynamic programming, risk measures, and Markov chain Monte Carlo methods Numerous pieces of R code used to illustrate fundamental ideas in concrete terms and encourage experimentation The Handbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics is a complete reference for practitioners in the fields of finance, business, applied statistics, econometrics, and engineering, as well as a supplement for MBA and graduate-level courses on Monte Carlo methods and simulation.

Financial Engineering

Author : Tanya S. Beder
Publisher : John Wiley & Sons
ISBN 13 : 0470455810
Total Pages : 616 pages
Book Rating : 4.4/5 (74 download)

DOWNLOAD NOW!

Book Synopsis Financial Engineering by : Tanya S. Beder

Download or read book Financial Engineering written by Tanya S. Beder and published by John Wiley & Sons. This book was released on 2011-06-07 with total page 616 pages. Available in PDF, EPUB and Kindle. Book excerpt: FINANCIAL ENGINEERING Financial engineering is poised for a great shift in the years ahead. Everyone from investors and borrowers to regulators and legislators will need to determine what works, what doesn't, and where to go from here. Financial Engineering—part of the Robert W. Kolb Series in Finance—has been designed to help you do just this. Comprised of contributed chapters by distinguished experts from industry and academia, this reliable resource will help you focus on established activities in the field, developing trends and changes, as well as areas of opportunity. Divided into five comprehensive parts, Financial Engineering begins with an informative overview of the discipline, chronicling its complete history and profiling potential career paths. From here, Part II quickly moves on to discuss the evolution of financial engineering in major markets—fixed income, foreign exchange, equities, commodities and credit—and offers important commentary on what has worked and what will change. Part III then examines a number of recent innovative applications of financial engineering that have made news over the past decade—such as the advent of securitized and structured products and highly quantitative trading strategies for both equities and fixed income. Thoughts on how risk management might be retooled to reflect what has been learned as a result of the recent financial crisis are also included. Part IV of the book is devoted entirely to case studies that present valuable lessons for active practitioners and academics. Several of the cases explore the risk that has instigated losses across multiple markets, including the global credit crisis. You'll gain in-depth insights from cases such as Countrywide, Société Générale, Barings, Long-Term Capital Management, the Florida Local Government Investment Pool, AIG, Merrill Lynch, and many more. The demand for specific and enterprise risk managers who can think outside the box will be substantial during this decade. Much of Part V presents new ways to be successful in an era that demands innovation on both sides of the balance sheet. Chapters that touch upon this essential topic include Musings About Hedging; Operational Risk; and The No-Arbitrage Condition in Financial Engineering: Its Use and Mis-Use. This book is complemented by a companion website that includes details from the editors' survey of financial engineering programs around the globe, along with a glossary of key terms from the book. This practical guide puts financial engineering in perspective, and will give you a better idea of how it can be effectively utilized in real- world situations.