Elements of Financial Risk Management

Elements of Financial Risk Management: A Buyside Perspective Using Excel and MATLAB, Third Edition focuses on the implementation of techniques that help students and practitioners bridge the gap between standard textbooks on risk and real-life risk management systems. Without a highly sophisticated quant background, readers can understand its detailed and comprehensive coverage of most market-risk related topics. More a financial econometrics book than a financial risk management book, it shows how to apply tools developed in financial econometrics to risk management. It differs from typical risk management books by digging more deeply in the assumptions and models behind risk calculations.



- Covers both new research streams (e.g., asymmetrical t distributions) and new areas of interest for practitioners, such as external stress testing
- Includes 4 new chapters, updates every existing chapter, and expands its pedagogical elements to include MATLAB exercises
- Enables students and practitioners to grasp most concepts and techniques with limited knowledge of basic statistics and financial mathematics