Recent trends in valuation

from strategy to value

Conventional valuation techniques take little account of the unexpected outcomes and uncertainties of real life. Real options are one method of tackling these problems in order to give a realistic view in practice rather than simply in the theoretical world. This text contains interviews with ...

Dangerous markets

managing in financial crises

The financial and social costs of rebuilding an economy after a financial crisis are wide reaching. From consumers and businesses to outside investors, everyone pays for the crisis through devalued currency, higher taxes, loss of employment and savings, and investment losses. This text presents an ...

Risk budgeting

portfolio problem solving with value-at-risk

Institutional investors and fund managers understand they must take risks to generate superior investment returns, but the question is how much risk. Enter the concept of risk budgeting, using quantitative risks measurements, including VaR, to solve the problem. VaR, or value at risk, is a ...

Swaps and other derivatives

This work focuses on the pricing and hedging of swaps, showing how various models work in practice and how they can be built. The book also covers options and interest rates as they relate to swaps, as they are often traded together. The book will ...

The real world of finance

12 lessons for the 21st Century

Traditional corporate finance concepts are losing their credibility in today's economy. The CFO, traditionally charged with minimizing capital costs and maximizing returns, now acts as a conduit for a company's financial health to the investment community and board of directors. This book aims ...

Modeling, measuring and hedging operational risk

Table of Contents 1 Introduction PART I Database Modeling 2 Database Modeling Introduction Building a Data Model Duration of Operational Risk Events Model Risk - Model, Inputs and Price Verification The Impact of Operational Risk in Market and Credit Risks Basic Database Framework for Risk Integration ...

King of capital

Sandy Weill and the making of citigroup

This title gives readers an up close and personal look at the ways Sanford (Sandy) Weill has revolutionized the banking world and transformed Citigroup through a combination of mergers and power plays. Chronicling the highs and lows of Weill's 45 year career, this comprehensive ...

Loan workouts and debt for equity swaps

a framework for successful corporate rescues

Behavioural finance

insights into irrational minds and markets

Behavioural finance is a rapidly expanding field, with major implications for the way in which the investment process is conducted. "Behavioural Finance" starts with the simple belief that in real life investors are not rational and that arbitrage is risky and therefore limited. This text ...

Risk management and value creation in financial institutions

Value creation is a central issue for banks, insurance companies and their shareholders. This text explores the advanced valuation and risk control techniques that banks use to create value, and the linkage between these risk management methods and value creation. It provides financial intermediaries with ...

The simple rules of risk

revisiting the art of risk management

In an age where companies and financial institutions are keenly focusing on managing the financial risk of their operations, the implementation of quantitative methods and models has been of tremendous help, allowing firms to analyze and manage their risk more efficiently and effectively. However, the ...

Measuring market risk

Table of Contents Preface The Risk Measurement Revolution Measures of Financial Risk Basic Issues in Measuring Market Risk Nonparametric VaR and ETL Parametric VaR and ETL Simulation Approaches to the Estimation of VaR and ETL Lattice Approaches to the Estimation of VaR and ETL Incremental ...

eCFO

financial management for the 21st Century

Recognizing that traditional accounting and financial conventions may no longer provide the CFO with adequate armoury to face the challenges of the electronic environment, this work examines how CFOs must reposition themselves to operate effectively in the 21st century. Picking up where "CFO: Architect of ...