Risk Management: Framework, Methods, and Practice

by Sergio Focardi, Caroline Jonas

Risk management is one of the most critical areas in investment and finance-especially in today's volatile trading environment. With Risk Framework, Methods, and Practice you'll learn about risk management across industries through firsthand, real life war stories rather than mathematical formulas. Concise and readable, it covers both the theoretical underpinnings of risk management, as well as practical techniques for coping with financial market volatility. Focardi and Jonas give you a broad conceptual view of risk how far we have progressed, and the problems that remain. Using vivid analogies, this book takes you through key risk measurement issues such as fat tails and extreme events, the pros and cons of VAR, and the different ways of modeling credit risk. This book is a rarity in that it does not presuppose any knowledge of sophisticated mathematical techniques, but rather interprets these in their intuitive sense.

219 pages, Hardcover

First published January 1, 1998

About the author

I have a degree in Electronic Engineering from the University of Genova, Italy and a PhD in Mathematics of Finance from the University of Karlsruhe, Germany. I was one of the founders of CINEF an interdisciplinary research center at the University of Genova. CINEF focused on economies as evolving complex systems and multi agent systems. Together with Carolyn Jonas we created The Intertek Group, a Paris-based research firm. I taught in Nice, Stony Brook, Princeton, Paris, Lugano. I am the author/coauthor of 24 books and monographs and over 100 peer reviewed articles.