03707nam 22007574a 450 991096566870332120200520144314.097866113725909781281372598128137259597898127008659812700862(CKB)1000000000334233(EBL)296280(OCoLC)476064801(SSID)ssj0000274610(PQKBManifestationID)11221548(PQKBTitleCode)TC0000274610(PQKBWorkID)10325468(PQKB)10115424(MiAaPQ)EBC296280(WSP)00000732 (Au-PeEL)EBL296280(CaPaEBR)ebr10173952(CaONFJC)MIL137259(Perlego)848836(FR-PaCSA)10208948(FRCYB10208948)10208948(EXLCZ)99100000000033423320051102d2006 uy 0engur|n|---|||||txtccrThe world of risk management /editor, H. Gifford Fong1st ed.Hackensack, NJ ;London World Scientific Pub.c20061 online resource (233 p.)Description based upon print version of record.9789812565174 9812565175 Includes bibliographical references.CONTENTS; Introduction; Practitioner's Digest; Chapter 1 Design of Financial Systems: Towards a Synthesis of Function and Structure Robert C. Merton and Zvi Bodie; Chapter 2 Asset/Liability Management and Enterprise Risk Management of an Insurer Thomas S. Y. Ho; Chapter 3 It's 11 pm-Do You Know Where Your Liquidity Is? The Mean-Variance-Liquidity Frontier AndrewW. Lo, Constantin Petrov and Martin Wierzbicki; Chapter 4 Time Diversification Jack L. Treynor; Chapter 5 A Practical Framework for Portfolio Choice Richard O. MichaudChapter 6 A Markov Chain Monte Carlo Method for Derivative Pricing and Risk Assessment Sanjiv R. Das and Alistair SinclairChapter 7 Active Risk and Information Ratio Edward Qian and Ronald Hua; Chapter 8 The Year-End Price of Risk in a Market for Liquidity Mark D. Griffiths and Drew B.Winters; Chapter 9 Resampled Frontiers versus Diffuse Bayes: An Experiment Harry M. Markowitz and Nilufer Usmen; Chapter 10 Fund Managers May Cause Their Benchmarks to be Priced "Risks" Michael StutzerRisk management is a foundation discipline for the prudent conduct of investment management. Being effective requires ongoing evolution and adaptation. In The World of Risk Management, an expert team of contributors that include Nobel Prize laureates Robert C Merton and Harry M Markowitz addresses the important issues arising in the practice of risk management. A common thread among these distinguished articles is a rigorous theoretical or conceptual basis. Illustrated with full color figures throughout, they discuss topics ranging from broad policy considerations to detailed how-to prescriptiInvestmentsDerivative securitiesPortfolio managementAsset-liability managementRisk managementInvestments.Derivative securities.Portfolio management.Asset-liability management.Risk management.332.685.30bclFong H. Gifford594727MiAaPQMiAaPQMiAaPQBOOK9910965668703321The world of risk management4339408UNINA