Stock Image

Known, The Unknown, and the Unknowable in Financial Risk Management

Francis X. Diebold

3 ratings by Goodreads
ISBN 10: 0691128839 / ISBN 13: 9780691128832
Published by Princeton Univers. Press Aug 2010, 2010
New Condition: Neu
From Agrios-Buch (Bergisch Gladbach, Germany)

AbeBooks Seller Since 11 January 2012

Quantity Available: 1
Buy New
List Price: 87.50
Price: £ 82.72 Convert Currency
Shipping: £ 15.37 From Germany to U.S.A. Destination, Rates & Speeds
Add to basket

About this Item

Neuware - 'A very informative, interesting book.'--Paul Embrechts, coauthor of 'Quantitative Risk Management' 392 pp. Englisch. Bookseller Inventory # 9780691128832

Ask Seller a Question

Bibliographic Details

Title: Known, The Unknown, and the Unknowable in ...

Publisher: Princeton Univers. Press Aug 2010

Publication Date: 2010

Binding: Buch

Book Condition:Neu

About this title

Synopsis:

A clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or VaR--reduces these risks to a single number, creating a false sense of security among risk managers, executives, and regulators. This book introduces a more realistic and holistic framework called
KuU
--the
K
nown, the
u
nknown, and the
U
nknowable--that enables one to conceptualize the different kinds of financial risks and design effective strategies for managing them. Bringing together contributions by leaders in finance and economics, this book pushes toward robustifying policies, portfolios, contracts, and organizations to a wide variety of
KuU
risks. Along the way, the strengths and limitations of "quantitative" risk management are revealed.


In addition to the editors, the contributors are Ashok Bardhan, Dan Borge, Charles N. Bralver, Riccardo Colacito, Robert H. Edelstein, Robert F. Engle, Charles A. E. Goodhart, Clive W. J. Granger, Paul R. Kleindorfer, Donald L. Kohn, Howard Kunreuther, Andrew Kuritzkes, Robert H. Litzenberger, Benoit B. Mandelbrot, David M. Modest, Alex Muermann, Mark V. Pauly, Til Schuermann, Kenneth E. Scott, Nassim Nicholas Taleb, and Richard J. Zeckhauser.



  • Introduces a new risk-management paradigm

  • Features contributions by leaders in finance and economics

  • Demonstrates how "killer risks" are often more economic than statistical, and crucially linked to incentives

  • Shows how to invest and design policies amid financial uncertainty

From the Inside Flap:


"The financial risk management issues discussed under the
KuU
framework are highly relevant, and this especially in the light of the subprime credit crisis. Bringing them together in this timely volume will encourage further academic research and remind regulators and practitioners alike first to learn to walk before attempting to run."--Paul Embrechts, RiskLab, ETH Zurich


"This book brings together a series of important and thought-provoking contributions by a group of highly distinguished academics and notable finance practitioners. The organizational principle of the book--the
K
nown, the
u
nknown, and the
U
nknowable, or
KuU
--is as relevant and timely as ever. I highly recommend the book to anybody interested in learning about the latest developments and thinking by some of the leading and most influential minds in the area of modern risk management."--Tim Bollerslev, Duke University


"Diebold, Doherty, and Herring have provided tremendous public service in applying their considerable expertise in risk, insurance, and financial institutions to assemble this fascinating collection of papers on risk management--this book should be required reading for anyone with decision-making authority in the finance and insurance industries, and especially among regulators."--Andrew W. Lo, author of Hedge Funds


"This book tackles the complexities of risk management head-on, directly confronting the full range of issues and challenges that permeate the field. It nicely fills a void by offering up thoughtful and disciplined analysis across highly diverse topics. A truly welcome addition to the burgeoning literature on the theory and practice of risk management."--Torben G. Andersen, Northwestern University


"A very informative, interesting book."--Paul Embrechts, coauthor of Quantitative Risk Management


"Each year when I teach my market risk management class, I have one or two senior risk officers from banks give a talk. At the end of the talk I always ask them: 'So what keeps you awake at night?' The answer is virtually always the same: 'Risks that I do not know about.' This book is therefore extremely important in my view. I thoroughly enjoyed reading it."--Peter Christoffersen, McGill University


"I consider this book one of the best compendiums available today on key risk issues facing the global financial system. These are issues whose resolution will determine the nature of the world financial architecture going forward. They will be actively discussed in the months and years ahead, and this volume represents an invaluable resource in this debate."--Ingo Walter, New York University


"About this title" may belong to another edition of this title.

Store Description

Visit Seller's Storefront

Terms of Sale:

Allgemeine Geschäftsbedingungen (abebooks.de)

der Firma Agrios Buch- und Medienversand UG e.K. ,Geschäftsführer Ludwig Meier, De-Gasperi-Str. 8, 51469 Bergisch Gladbach nachstehend als Verkäufer bezeichnet.

§ 1 Allgemeines, Begriffsbestimmungen

(1) Der Verkäufer bietet unter dem Nutzernamen Agrios Buch unter der Plattform abebooks.de insbesondere Bücher an. Die folgenden Allgemeinen Geschäftsbedingungen (AGB) gelten für die Geschäftsbeziehung zwischen dem Verkäufer und dem Kunden in ihrer zum Ze...

More Information
Shipping Terms:

Der Versand ins Ausland findet IMMER mit DHL statt. Auch nach Österreich verschicken wir nur mit DHL! Daher Standardversand == Luftpost!


Detailed Seller Information

List this Seller's Books

Payment Methods
accepted by seller

Visa Mastercard American Express

Check PayPal Invoice Bank/Wire Transfer