{"product_id":"financial-risk-management-k-h-erickson-9781500349240","title":"Financial Risk Management: A Simple Introduction","description":"\u003cp\u003eFinancial Risk Management: A Simple Introduction presents a detailed guide to some of the central ideas and tools of financial risk management, with theory, examples, formulas, and calculations to illustrate the analysis.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eCalculate leverage, duration, modified duration, and convexity to find the risk exposure and interest rate risk sensitivity of an asset. Understand bond immunization to manage risk, and assess non-vanilla bond risk using both effective duration and effective convexity.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eUse value at risk to forecast maximum losses over a period, with detailed step by step instructions provided to using the variance-covariance, historical simulation, and Monte Carlo methods. Learn how to perform autocorrelation and unit root tests to test the square root of time rule.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eConduct time-varying volatility analysis, using detailed steps to create an exponentially weighted moving average and then backtest it for robustness.\u003c\/p\u003e\u003cbr\u003e\u003cp\u003eApply financial risk management tools to the empirical 1994 bankruptcy of Orange County, California to determine if it could have been avoided, and assess a number of financial derivative hedge instruments.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e K. H. Erickson\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1500349240\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781500349240\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Createspace Independent Publishing Platform\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/13\/2014\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 104\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.26lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.00h x 5.25w x 0.22d","brand":"K. H. Erickson","offers":[{"title":"Paperback","offer_id":48436782596351,"sku":"9781500349240","price":12.24,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_7df0da59-31b3-4cfc-bf95-e013d1a7473d.jpg?v=1777157754","url":"https:\/\/www.whiterainbookhouse.com\/products\/financial-risk-management-k-h-erickson-9781500349240","provider":"WR Book House","version":"1.0","type":"link"}