Mastering value at risk : a step-by-step guide to understanding and applying VaR

摘要: The estimation of potential losses that could arise from adverse changes in market conditions is a key element risk management. For financial institutions and corporate treasuries across the world, Value at Risk (VaR) rapidly emerging as dominant methodology for estimating precisely how much money each day markets. However, communication application VaR field which signal to noise ratio not high. there neither widespread intuitive understanding market, nor an appreciation practicalities its implementation limitations. Mastering will close knowledge gap, introducing this potentially powerful those most need benefits, helping all who encounter use it wisely.