Bubble Value at Risk: Background
Author | : Max C. Y. Wong |
Publisher | : |
Total Pages | : 380 |
Release | : 2013 |
ISBN-10 | : 1119198925 |
ISBN-13 | : 9781119198925 |
Rating | : 4/5 (925 Downloads) |
Download or read book Bubble Value at Risk: Background written by Max C. Y. Wong and published by . This book was released on 2013 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduces a powerful new approach to financial risk modeling with proven strategies for its real-world applications The 2008 credit crisis did much to debunk the much touted powers of Value at Risk (VaR) as a risk metric. Unlike most authors on VaR who focus on what it can do, in this book the author looks at what it cannot. In clear, accessible prose, finance practitioners, Max Wong, describes the VaR measure and what it was meant to do, then explores its various failures in the real world of crisis risk management. More importantly, he lays out a revolutionary new method of measuring risks.