Mathematics and Statistics for Financial Risk Management
Assessing the Math in Risk Management
By (author) Michael B. Miller
Mathematics and Statistics for Financial Risk Management by Michael B. Miller
Book DescriptionMathematics and Statistics for Financial Risk Management is a practical guide to modern financial risk management for both practitioners and academics. The recent financial crisis and its impact on the broader economy underscore the importance of financial risk management in today's world. At the same time, financial products and investment strategies are becoming increasingly complex. Today, it is more important than ever that risk managers possess a sound understanding of mathematics and statistics. In a concise and easy-to-read style, each chapter of this book introduces a different topic in mathematics or statistics. As different techniques are introduced, sample problems and application sections demonstrate how these techniques can be applied to actual risk management problems. Exercises at the end of each chapter and the accompanying solutions at the end of the book allow readers to practice the techniques they are learning and monitor their progress. A companion website includes interactive Excel spreadsheet examples and templates. This comprehensive resource covers basic statistical concepts from volatility and Bayes' Law to regression analysis and hypothesis testing. Widely used risk models, including Value-at-Risk, factor analysis, Monte Carlo simulations, and stress testing are also explored. A chapter on time series analysis introduces interest rate modeling, GARCH, and jump-diffusion models. Bond pricing, portfolio credit risk, optimal hedging, and many other financial risk topics are covered as well. If you're looking for a book that will help you understand the mathematics and statistics of financial risk management, look no further.
Buy Mathematics and Statistics for Financial Risk Management book by Michael B. Miller from Australia's Online Bookstore, Boomerang Books.
Book DetailsISBN: 9781118170625
Classification: Finance , Economic statistics
Format: Hardback (230mm x 161mm x 28mm)
Imprint: John Wiley & Sons Inc
Publisher: John Wiley & Sons Inc
Publish Date: 9-Mar-2012
Country of Publication: United States
You might also like...
Price and Quantity Index Numbers by Bert M. Balk
This book was the first comprehensive text on index number theory since Irving Fisher's 1922 The Making of Index Numbers.
World Consumer Income and Expenditure Patterns 2014 by Euromonitor International
Statistical handbook highlighting how much people earn and how they spend their money in 71 countries.
Naked Statistics by Charles Wheelan
"Brilliant, funny ... the best math teacher you never had."-San Francisco Chronicle
Refinement of Econometric Estimation and Test Procedures by Garry D.A. Phillips» View more books like these...
The main theme of this 2007 book is the importance of refined asymptotic methods to econometric analysis.
Books By Author Michael B. Miller
Mathematics and Statistics for Financial Risk Management, Hardback (February 2014)
Mathematics and Statistics for Financial Risk Management is a practical guide to modern financial risk management for both practitioners and academics.
Europe and the Maritime World, Paperback (January 2014)
This book explores the development of the global economy in the twentieth century through the lens of the European maritime infrastructure.
Year in Cognitive Neuroscience, Paperback (April 2012)
Features major issues and topics in cognitive neuroscience, including the role of strategies in motor learning; efficient coding and the neural representation of value; the emotion paradox in the aging brain; perceptual foundations of bilingual acquisition in infancy; understanding disgust; and more.
Bon Marche, Paperback (May 1994)» View all books by Michael B. Miller
Offering a comprehensive social history of the Bon Marche, the Parisian department store that was the largest in the world before 1914, this title explores the bourgeois identities, ambitions, and anxieties that the emporia so vividly dramatized.
» Have you read this book? We'd like to know what you think about it - write a review about Mathematics and Statistics for Financial Risk Management book by Michael B. Miller and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)
Author Biography - Michael B. Miller
Michael B. Miller studied economics at the American University of Paris and the University of Oxford before starting a career in finance. He has worked in risk management for more than ten years, most recently as the chief risk officer for a hedge fund in New York City.
Bestselling Books: Our Current Bestsellers | Australia's Hottest 1000 Books | Bestselling Fiction | Bestselling Crime Mysteries and Thrillers | Bestselling Non Fiction Books | Bestselling Sport Books | Bestselling Gardening and Handicrafts Books | Bestselling Biographies | Bestselling Food and Drink | Bestselling History | Bestselling Travel Books | Bestselling School Textbooks & Study Guides | Bestselling Children's General Non-Fiction | Bestselling Young Adult Fiction | Bestselling Children's Fiction | Bestselling Picture Books | Top 100 US Bestsellers
Phone: 1300 36 33 32 (9am-5pm Mon-Fri AEST) - International: +61 2 9960 7998 - Online Form
© 2003-2015. All Rights Reserved. Eclipse Commerce Pty Ltd - ACN: 122 110 687 - ABN: 49 122 110 687
For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.