Beyond Value at Risk: The New Science of Risk Management

by Kevin Dowd

Book Overview

Risikoabschatzung und -management - ein 'hei?es' Thema der internationalen Finanzwelt, und das nicht erst seit dem Zusammenbruch von Barings! Dieses Buch erlautert die wichtigsten Methoden der Risikobewertung, insbesondere VAR ('Value at Risk'), in einfacher, verstandlicher Form und untersucht die theoretischen Grundlagen der Hilfsmittel und Techniken, anhand derer Finanzdienstleister ihr Risiko berechnen.

• Format: Paperback
• Language: English
• ISBN: 0471976229
• ISBN13: 9780471976226
• Release Date: May 1999
• Publisher: Wiley
• Length: 288 Pages
• Weight: 1.10 lbs.
• Dimensions: 0.6" x 6.7" x 9.6"

Customer Reviews

Best book on VaR

When we went to implement a VaR system, the price tag was going to exceed seven figures. Needless to say, I didn't hesitate to drop some money buying the available books on VaR. They all say essentially the same things. For practical worked examples, you can't beat Butler. But unless you are an absolute beginner (do you know what delta and gamma are?) you may find it too basic. The all-round best book is Dowd. It is well organized and a pleasure to read. It covers the math, but without getting bogged down in meaningless derivations. For readers who want more information, there are plenty of references to original sources. I followed up on a number of these, and was pleasantly surprised at how easy some of this stuff is to assimilate.

Must-Read Book for anyone interested in Risk Management

Best book on VaR to date. Clear, concise, self-contained. Perfect combination of rigurous theory with practical applications. The author has done an excellent job at distilling what is relevant in Risk Management. This book is better than all the other VaR books written so far combined.

Compact, Comprehensive, Competitive. Well done.

Facing the fast development of modern financial world, in academic and practical sense, it is usually hard for me to make comments about the volume of a book in the field of risk management. Mr.Dowd's work is a very one in this area, by its timing and contents.Thank you , Kevin! Say something more about VaR.

An excellent textbook for risk professionals

I would like to recommend this book to MBA/MS Finance students, academic researchers, and risk professionals. This is an excellent book on VaR and other risk management techniques.

An excellent and comprehensive Value at Risk book

Not too heavy on the maths, though there is enough here to fully understand the issues.Give a history of VaR and explains its origins, then moves on to a comparison of the various calculation methods before considering its limitations and other tools to use alongside it.Well worth a read for the VaR beginner and expert alike.