{"product_id":"bubble-value-at-risk-revised-max-c-y-wong-9781118550342","title":"Bubble Value-at-Risk Revised","description":"\u003cb\u003eIntroduces a powerful new approach to financial risk modeling with proven strategies for its real-world applications\u003c\/b\u003e \u003cp\u003eThe 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, Bubble Value at Risk, that is countercyclical and offers a well-tested buffer against market crashes.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDescribes Bubble VaR, a more macro-prudential risk measure proven to avoid the limitations of VaR and by providing a more accurate risk exposure estimation over market cycles\u003c\/li\u003e \u003cli\u003eMakes a strong case that analysts and risk managers need to unlearn our existing \"science\" of risk measurement and discover more robust approaches to calculating risk capital\u003c\/li\u003e \u003cli\u003eIllustrates every key concept or formula with an abundance of practical, numerical examples, most of them provided in interactive Excel spreadsheets\u003c\/li\u003e \u003cli\u003eFeatures numerous real-world applications, throughout, based on the author's firsthand experience as a veteran financial risk analyst\u003c\/li\u003e \u003c\/ul\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Max C. y. Wong\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 111855034X\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781118550342\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Wiley\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/09\/2013\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 320\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.50lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.10h x 6.20w x 1.10d","brand":"Max C. y. Wong","offers":[{"title":"Hardcover","offer_id":47579695087871,"sku":"9781118550342","price":114.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_2d710c20-1d25-45c4-b406-7e4ff52173a9.jpg?v=1763876006","url":"https:\/\/www.whiterainbookhouse.com\/products\/bubble-value-at-risk-revised-max-c-y-wong-9781118550342","provider":"WR Book House","version":"1.0","type":"link"}