{"product_id":"understanding-risk-david-murphy-9781584888932","title":"Understanding Risk: The Theory and Practice of Financial Risk Management","description":"\u003cp\u003eSound risk management often involves a combination of both mathematical and practical aspects. Taking this into account, \u003cb\u003eUnderstanding Risk: The Theory and Practice of Financial Risk Management\u003c\/b\u003e explains how to understand financial risk and how the severity and frequency of losses can be controlled. It combines a quantitative approach with a more informal style, giving readers a blend of analysis and intuition.\u003c\/p\u003e\u003cp\u003eDivided into four parts, the book begins by introducing the basics of risk management and the behavior of financial instruments. The next section focuses on regulatory capital standards and models, addressing value-at-risk (VaR) models, portfolio credit risk, tranching, operational risk, and the Basel accords. The author then deals with asset\/liability management (ALM) and liquidity management. The last part explores structured finance and a variety of new trading instruments, including inflation-linked products, sophisticated equity basket options, and convertible bonds. \u003c\/p\u003e\u003cp\u003eWith numerous exercises, figures, and examples throughout, this book offers valuable insight on various aspects of financial risk management.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e David Murphy\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1584888938\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781584888932\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e CRC Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/23\/2008\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 470\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.80lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.84h x 7.00w x 0.95d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eReference and Research Bk News\u003c\/i\u003e 08\/01\/2008 pg. 155","brand":"David Murphy","offers":[{"title":"Paperback","offer_id":48088593596671,"sku":"9781584888932","price":130.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_73adf6e5-6936-47bf-8aad-4bde46eed8a2.jpg?v=1769105635","url":"https:\/\/www.whiterainbookhouse.com\/products\/understanding-risk-david-murphy-9781584888932","provider":"WR Book House","version":"1.0","type":"link"}