1.

Record Nr.

UNINA9910820379403321

Autore

Los Cornelis Albertus <1951->

Titolo

Financial market risk : measurement and analysis / / Cornelis A. Los

Pubbl/distr/stampa

London ; ; New York, : Routledge, 2003

ISBN

1-134-46931-4

0-429-24222-0

1-134-46932-2

1-280-34798-8

9786610347988

0-203-98763-2

Edizione

[1st ed.]

Descrizione fisica

1 online resource (493 p.)

Collana

Routledge international studies in money and banking ; ; 24

Disciplina

332/.01/5195

Soggetti

Hedging (Finance)

Risk management

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Book Cover; Title; Copyright; Contents; Preface; Introduction; 1 Risk  asset class horizon and time; 2 Competing financial market hypotheses; 3 Stable scaling distributions in finance; 4 Persistence of financial risk; 5 Frequency analysis of financial risk; 6 Fourier time frequency analysis of risk; 7 Wavelet time scale analysis of risk; 8 Multiresolution analysis of local risk; 9 Chaos  nonunique equilibria processes; 10 Measuring term structure dynamics; 11 Simulation of financial turbulence; 12 Managing VaR and extreme values; Appendix A original scaling in financial economics

Appendix B S P500 daily closing prices for 1988Index

Sommario/riassunto

This new book uses advanced signal processing technology to measure and analyze risk phenomena of the financial markets. It explains how to scientifically measure, analyze and manage non-stationarity and long-term time dependence (long memory) of financial market returns. It studies, in particular, financial crises in persistent financial markets, such as stock, bond and real estate market, and turbulence in antipersistent financial markets, such as anchor currency markets. It



uses Windowed Fourier and Wavelet Multiresolution Analysis to measure the degrees of persistence of these complex mark