Risk Management: Challenge and OpportunityMichael Frenkel, Ulrich Hommel, Markus Rudolf Springer Science & Business Media, 6 gru 2005 - 838 Dealing with all aspects of risk management that have undergone significant innovation in recent years, this book aims at being a reference work in its field. Different to other books on the topic, it addresses the challenges and opportunities facing the different risk management types in banks, insurance companies, and the corporate sector. Due to the rising volatility in the financial markets as well as political and operational risks affecting the business sector in general, capital adequacy rules are equally important for non-financial companies. For the banking sector, the book emphasizes the modifications implied by the Basel II proposal. The volume has been written for academics as well as practitioners, in particular finance specialists. It is unique in bringing together such a wide array of experts and correspondingly offers a complete coverage of recent developments in risk management. |
Spis treści
| 3 | |
Conflicts of Interest and Market Discipline in Financial Services Firms | 25 |
Conflicts of Interest and Strategic Profiles of Financial Firms | 36 |
Conclusion | 47 |
Risk Management and Value Creation in Banks 53 | 52 |
Gerhard Schröck and Manfred Steiner | 54 |
RAROC as Capital Budgeting Rule in Banks | 60 |
The New Basel Capital Accord | 79 |
Alternative Risk Transfer | 369 |
The Challenge of Managing Longevity Risk | 391 |
Risk Management Corporate Governance and the Public Corporation | 423 |
Integrating Corporate Risk Management | 437 |
ValueBased Motives for Corporate Risk Management 455 | 454 |
144 | 456 |
The Structure of the Simulation Models | 477 |
Valuebased Corporate Risk Management | 479 |
Regulatory and Other Applications Methods and Criticism | 99 |
Risk Reduction and Capital Allocation Within a Value at Risk | 109 |
40 | 112 |
60 | 120 |
Parsimonious Value at Risk for Fixed Income Portfolios | 125 |
Risk Budgeting with Value at Risk Limits | 143 |
Robert Härtl and Lutz Johanning | 150 |
Value at Risk Bank Equity and Credit Risk 159 | 158 |
Parametric and Nonparametric Estimation of Conditional | 169 |
An Overview | 197 |
Evaluating Credit Risk Models | 219 |
Estimation of Default Probabilities and Default Correlations | 239 |
Managing Investment Risks of Institutional Private | 259 |
Assessment of Operational Risk Capital 279 | 278 |
The Management Perspective | 303 |
New Approaches to Managing Catastrophic Insurance Risk | 341 |
A Comprehensive Approach to the Measurement | 513 |
ForeignExchangeRisk Management in German | 537 |
Evidence from an Event Study Methodology | 557 |
Real Options and Financial Hedging | 591 |
The Real Option Value of Operational and Managerial Flexibility | 609 |
Was Enrons Business Model Fundamentally Flawed? | 671 |
Convergence of Supply Chain Management | 699 |
Management | 719 |
Conceptualizing Debacles and their Prevention | 729 |
Adjusting Risk Limits for Time Horizons | 736 |
Economic Risks of | 741 |
Does Risk Management Make Financial Markets Riskier? | 765 |
Revitalization of Japanese Banks Japans Big Bang Reform | 801 |
Authors | 821 |
Inne wydania - Wyświetl wszystko
Risk Management: Challenge and Opportunity Michael Frenkel,Ulrich Hommel,Markus Rudolf Ograniczony podgląd - 2004 |
Risk Management: Challenge and Opportunity Michael Frenkel,Ulrich Hommel,Markus Rudolf Podgląd niedostępny - 2014 |