Product Description

Hull’s Risk Management and Financial Institutions, 2/e explains risk management theory in a “this is how you do it” manner, encouraging practical application in today’s world. Thoroughly updated, the Second Edition incorporates new information regarding Stress Testing, liquidity risks, ABS’s, CDO’s, and the credit crunch of 2007.

KEY TOPICS: Introduction; Banks; Insurance; Mutual Funds and Hedge Funds; Financial Instruments; How Traders Manage Their Exposures; Interest Rate Risk; Value at Risk; Volatility; Correlation and Copulas; Regulation, Basel II, and Solvency II; Market Risk VaR: Historical Simulation Approach; Market Risk VaR: Model-Building Approach; Credit Risk: Estimating Default Probabilities; Credit Risk Losses and Credit VaR; ABSs, CDOs, and the Credit Crunch of 2007; Scenario Analysis and Stress Testing; Operational Risk; Liquidity Risk; Model Risk; Economic Capital and RAROC; Risk Management Mistakes to avoid; Compounding Frequencies and Interest Rates; Zero Rtes, Forward Rates, and Zero-Coupon Yield Curves; Valuing Forward and Futures Contracts; Valuing Swaps; Valuing European Options; Valuing American Options; Taylor Series Expansions; Eigenvectors and Eigenvalues; Principal Components Analysis; Manipulation of Credit Transition Matrices.

A useful reference for financial professionals.

Product Details

• Amazon Sales Rank: #623255 in Books
• Published on: 2009-06-19
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 576 pages

Customer Reviews

Good book, bad binding
This book is similar to "Options Futures and Other Derivatives", John Hull's big book, but it does have roughly 40-50% new banking material. At least half is recycled from Hull's other book, which is a better book, in my opinion.

I don't know if this price justifies 50% recycled content. And the math is notably simple. The material on copulas might make it into a future edition of Hull's other book, but banking topics like Basel, operational risk, economic capital, etc. probably will not.

My main complaint is that the hardcover version of this book seems very cheaply made -- over the course of one semester, the binding broke on every one of roughly 20 copies in our class, and pages were falling out all over. I have a beat-up copy of Hull's other book, and the binding is still fine.

Good but.....
This is a good one, nut I am a little disappointing about the material
which is most covered in Hull's "Options, Futures, and Other Derivatives"
Except some idea about "Copula"!