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Risk Management and Financial Institutions: United States Edition

Risk Management and Financial Institutions: United States Edition


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About the Book

John C. Hull’s Financial Risk Management text is the only text to take risk management theory and explain it in a “this is how you do it” manner for practical application in today’s real world.   We found that most professors are looking for a book that contains up to date information, and is written for application in the real work environment.  Hull’s text offers students the ability to gain knowledge that will stay with them beyond college and be useful in the real world.   Based on one of the most popular MBA courses at University of Toronto entitled “Financial Risk Management”, this text focuses on the ways banks and other financial institutions measure market, credit and operational risk.  John C. Hull, author of the book “Options, Futures, and Other Derivatives” which became the standard reference text for traders, wrote “Risk Management and Financial Institutions” for use in instruction as well as trade. The practical nature of the book lends itself to a “this is how you do it” presentation style that includes excellent account of the new Basel II regulatory requirements for banks effective in 2007.  

Table of Contents:
  Preface Introduction Financial Products and How They are Used for Hedging How Traders Manage Their Exposures Interest Rate Risk Volatility Correlation and Copulas Bank Regulation and Basel II The VaR Measure Market Risk VaR: Historical Simulation Approach Market Risk VaR: Model Building Approach Credit Risk: Estimating Default Probabilities Credit Risk Losses and Credit VaR Credit Derivatives Operational Risk Model Risk and Liquidity Risk Economic Capital and RAROC Weather, Energy, and Insurance Derivatives Big Losses and What We Can Learn from Them Appendix A: Value Forward and Futures Contracts Appendix B: Valuing Swaps Appendix C: Valuing European Options Appendix D: Valuing American Options Appendix E: Manipulation of Credit Transition Matrices Answers to End-of Chapter Problems Glossary of Terms Tables for N(x) Index


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Product Details
  • ISBN-13: 9780132397902
  • Publisher: Pearson Education (US)
  • Publisher Imprint: Pearson
  • Language: English
  • Spine Width: 26 mm
  • Weight: 774 gr
  • ISBN-10: 0132397900
  • Publisher Date: 20 Jul 2006
  • Binding: Hardback
  • No of Pages: 528
  • Sub Title: United States Edition
  • Width: 238 mm


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Risk Management and Financial Institutions: United States Edition
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