Risk Management: The State of the Art

by Richard M. Levich and Stephen Figlewski

Book Overview

Very often, we associate the dawn of modern financial theory with Harry Markowitz who in the 1950s introduced the formal mathematics of probability theory to the problem of managing risk in an asset portfolio. The 1970s saw the advent of formal models for pricing options and other derivative contracts, whose primary purpose was also financial risk management and hedging. But events in the 1990s made it clear that effective risk management is a critical...

• Format: Paperback
• Language: English
• ISBN: 146135241X
• ISBN13: 9781461352419
• Release Date: October 2012
• Publisher: Springer
• Length: 219 Pages
• Weight: 0.76 lbs.
• Dimensions: 0.5" x 6.1" x 9.2"