Risk Management

by Robert Mark, Dan Galai, Michel Crouhy

Book Overview

Risk Management introduces and explores the latest financial and hedging techniques in use around the world, and provides the foundation for creating an integrated, consistent, and effective risk management strategy.

• Format: Hardcover
• Language: English
• ISBN: 0071357319
• ISBN13: 9780071357319
• Release Date: November 2000
• Publisher: McGraw-Hill Companies
• Length: 744 Pages
• Weight: 2.55 lbs.
• Dimensions: 2.2" x 6.3" x 9.3"

Customer Reviews

Covers a lot; hard to read

I work in the area of Risk Management for over 8 years and I find this book still covers a lot of what someone in the area needs to know. I think it is rather a reference book, better written than the Bessis book on RM in banking and covering more things on Credit Risk, but still ... it is not a book one can read from start to end. It is good to keep on the shelf and read a chapter on a specific topic when necessary.

Comprehensive and excellent

This book is the most comprehensive treatment I've seen of financial risk management, particularly from a banking perspective. It covers both the regulatory and practitioner perspectives of modern risk management -- it's a veritable encyclopedia. It's drawn from the wealth of experience of the authors, who are well known in both the academic world and on Wall St. I guess what I like most about the book is the inside look it provides at the various aspects of financial risks -- no other book does it better, and I found the discussion enthralling. While mainly geared toward banks, the book also includes a fascinating chapter on risk management in regular corporations. I think the book would serve equally well as a textbook for a risk management course or a handbook for the risk management practitioner.

Don't miss it

I think it the best book about Risk management I read so far. I was impressed even by the way they treat market risk although it does not seem their main interest. The chapter on VaR is much better than a whole book on it. Great!!! Everyone should have a copy...

The best risk management book

This is by far the most comprehensive and well-written book on risk management. If you were to read only on book on the subject, there is no doubt you should choose Crouhy, Galai, Mark. The book reflects not only the authors' serious academic background - all of them have been professors at top universities - but also their detailed hands-on experience.

Very interesting and highly recommended.

This book is a most systematic and comprehensive overview of modern financial risk management with an emphasis on banking. It is an encyclopedia of risk, including both regulatory and practitioner viewpoints. The book is based on the rich experience of the team of authors, who are well known in both the academic world and Wall Street. It provides an inside look at many aspects of financial risks including market, credit, liquidity and operational risks. The book is mainly oriented toward banks, but it also includes a very interesting chapter on risk management in nonbank corporations. The book is well suited to be a textbook for a course as well as a handbook for a market professional. Very interesting and highly recommended.