Understanding Risk

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Focusing on financial risk management, this book provides a comprehensive overview divided into four parts. It begins with foundational concepts and the behavior of financial instruments, followed by an exploration of regulatory capital standards and various risk models, including value-at-risk and operational risk. The author then addresses asset/liability and liquidity management. Finally, the text delves into structured finance, introducing innovative trading instruments such as inflation-linked products and convertible bonds, equipping readers with essential knowledge to navigate financial risks effectively.