{"product_id":"2940046366037","title":"Financial Risk Management: A Simple Introduction","description":"\u003cp\u003eFinancial Risk Management: A Simple Introduction presents a detailed guide to some of the central ideas and tools of financial risk management, with theory, examples, formulas, and calculations to illustrate the analysis.\u003c\/p\u003e\u003cp\u003eCalculate leverage, duration, modified duration, and convexity to find the risk exposure and interest rate risk sensitivity of an asset. Understand bond immunization to manage risk, and assess non-vanilla bond risk using both effective duration and effective convexity.\u003c\/p\u003e\u003cp\u003eUse value at risk to forecast maximum losses over a period, with detailed step by step instructions provided to using the variance-covariance, historical simulation, and Monte Carlo methods. Learn how to perform autocorrelation and unit root tests to test the square root of time rule.\u003c\/p\u003e\u003cp\u003eConduct time-varying volatility analysis, using detailed steps to create an exponentially weighted moving average and then backtest it for robustness.\u003c\/p\u003e\u003cp\u003eApply financial risk management tools to the empirical 1994 bankruptcy of Orange County, California to determine if it could have been avoided, and assess a number of financial derivative hedge instruments.\u003c\/p\u003e","brand":"K.H. Erickson","offers":[{"title":"Default Title","offer_id":47110852411632,"sku":"2940046366037","price":6.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940046366037_p0.jpg?v=1763690462","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940046366037","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}