Mastering Value at Risk

A Step-by-Step Guide to Understanding and Applying VaR

By Cormac Butler
Jan. 1999
ISBN: 0-273-63752-5
254 p.
$39.95 Paper Original

The estimation of potential losses that could arise from adverse changes in market conditions is a key elecment of risk management. For financial institutions and corporate treasuries around the world, Value at Risk (VaR) is rapidly emerging as the dominant methodology for estimating precisely how much money is at risk each day in the financial markets. This book provides an introduction and a clear understanding of the VaR concept.

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