Author : Max C. Y. Wong
Release : 2013
Genre : Business cycles
Kind : eBook
Book Rating : 925/5 ( reviews)
Book Synopsis Bubble Value at Risk: Background by : Max C. Y. Wong
Download or read book Bubble Value at Risk: Background written by Max C. Y. Wong. This book was released on 2013. Available in PDF, EPUB and Kindle. Book excerpt: Introduces a powerful new approach to financial risk modeling with proven strategies for its real-world applications The 2008 credit crisis did much to debunk the much touted powers of Value at Risk (VaR) as a risk metric. Unlike most authors on VaR who focus on what it can do, in this book the author looks at what it cannot. In clear, accessible prose, finance practitioners, Max Wong, describes the VaR measure and what it was meant to do, then explores its various failures in the real world of crisis risk management. More importantly, he lays out a revolutionary new method of measuring risks.