Risk Management : Challenge and Opportunity by Ulrich Hommel HC - gebunden oder broschiert

EAN (ISBN-13): 9783540671343
ISBN (ISBN-10): 354067134X
Gebundene Ausgabe
Erscheinungsjahr: 2000
Herausgeber: Frenkel, Michael, Hommel, Ulrich, Rudolf, Markus, Springer

Buch in der Datenbank seit 2008-03-02T11:45:12+01:00 (Berlin)
Detailseite zuletzt geändert am 2024-02-08T22:56:13+01:00 (Berlin)
ISBN/EAN: 354067134X

ISBN - alternative Schreibweisen:
3-540-67134-X, 978-3-540-67134-3
Alternative Schreibweisen und verwandte Suchbegriffe:
Autor des Buches: frenkel, hommel michael, michael rudolf, ulrich, dufey
Titel des Buches: challenge, risk management

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Daten vom Verlag:

Autor/in: Michael Frenkel; Ulrich Hommel; Markus Rudolf
Titel: Risk Management - Challenge and Opportunity
Verlag: Springer; Springer Berlin
415 Seiten
Erscheinungsjahr: 2000-05-26
Berlin; Heidelberg; DE
Gedruckt / Hergestellt in Deutschland.
Gewicht: 0,760 kg
Sprache: Englisch
85,59 € (DE)
87,99 € (AT)
106,60 CHF (CH)
Not available, publisher indicates OP

BB; Book; Hardcover, Softcover / Wirtschaft/Betriebswirtschaft; Finanzenwesen und Finanzindustrie; Verstehen; Basel II; valuation; value at risk; volatility; Credit Risk; Hedging; financial markets; value-at-risk; option pricing; rating; Risk Management; Governance; Risk Measurement; Finance; derivatives; C; Finance, general; Economics and Finance; Quantitative Finance; Finanz- und Rechnungswesen; BB; BC; EA

A Word of Greeting.- Professor Dufey`s Career Contributions.- Preface.- Expanding the Focus of Risk Management: I. Harper, J. Keller, C. Pfeil: Does Risk Management Make Financial Markets Riskier?.- Introduction.- Market Risk as a Regulatory Concern.- The Measurement of Market Risk.- Some Empirical Results on Volatility in Major Stock Markets.- Conclusion.- I. Walter: The Relevance and Management of Reputation Risk in the Global Securities Industry.- Performance Benchmarks.- Between Values and Expectations.- Between Expectations and Public Policy.- Management`s High-Wire Act.- Pricing Reputation Risk: An Example.- Managing Reputation Risk.- What Can be Done?.- Balancing the Pieces.- U. Hommel: Managing Catastrophic Risk with Financial Instruments.- Introduction.- CAT-Linked Securities - A New Asset Class.- Traditional and ART-Based CAT Reinsurance.- Optimizing the Issuer`s Risk Portfolio.- Hedging Strategies with CAT-Linked Securities.- Valuation Issues.- Concluding Remarks.- C. Geyer, W. Seifert: Introducing New Risk Classes to Organized Exchanges: The Case of Electricity Derivatives.- Introduction.- Building on New Paradigms.- New Risk Classes in Electricity.- Price Discovery: Reshaping the Power Industry.- Transfer to Other Risk Classes.- P. Riemer-Hommel, T. Trauth: Challenges and Solutions for the Management of Longevity Risk.- Introduction.- Establishing the Relevance of Longevity Risk to the Insurance Industry.- Economic Reasons for the (Re)insurance Gap.- Possible Solutions for Longevity Risk (Re)insurance.- Conclusions.- Risk Measurement Issues: A. Tschoegl: The Key to Risk Management: Management.- Introduction.- Some Examples of Financial Debacles.- Conceptualizing Debacles and their Prevention.- C. Holtorf, M. Rudolf: Market Risk: Benchmark and Standard Model.- Introduction.- VaR Calculation.- Regulatory Reporting, VaR, and Capital Requirement.- Internal vs. Standard Model.- Summary and Outlook.- F. Rehm, M. Rudolf: KMV Credit Risk Modeling.- Introduction.- Option Pricing and the Market Value of the Assets.- EDF Calculation.- KMV Credit Monitor Compared to Agency Ratings.- KMV Portfolio Manager.- Summary.- W. Eisele, A. Knobloch: Value at Risk: Tool for Managing Trading Risks.- The Concept of Value at Risk and its Role in Contemporary Risk Management.- Calculating Value at Risk: Methods and Inherent Sources of Inaccuracy.- Risk Reduction and Capital Allocation within a Value at Risk Framework.- Shortcoming of Value at Risk as a Measure of Risk.- Conclusions.- A. Huchzermeier: The Real Option Value of Operational and Managerial Flexibility in Global Supply Chain Networks.- Introduction.- The Benefit of Operational Flexibility.- The Option Value of Managerial Flexibility.- Summary.- K. Brockhoff: Problems of Evaluating R&D Projects as Real Options.- A Sketch of Developments Towards R&D Project Evaluation.- R&D Projects as Options.- Conclusion.- J. Wahl, U. Broll: Financial Hedging and Banks` Assets and Liabilities Management.- Introduction.- Bank Hedging and Interest Rate Risk.- Assets and Liabilities Management without Hedging.- Assets and Liabilities Management with Hedging.- Welfare and the Value of Hedging.- Concluding Remarks.- Regulatory Issues: A. Jain: Governance of Global Financial Markets: Risk of Hubris.- We are Rational People - More or Less?.- Good Guys Like Us Would Never Do That!.- Concluding Remarks.- F. Kaen: Risk Management, Corporate Governance, and the Modern Corporation.- Introduction.- 'Scientific' Theoretical Perspective on Risk Management.- From Theory to Practice: Why Firms Should Manage Risk.- Back to Berle and Means.- Summary and Conclu