AÂ comprehensive overview of trading and risk management in the energy marketsÂ
A fire sale of US debt could cause a global recession through disorderly devaluation of the dollar, raising interest rates and crashing stock markets. The G7 doctrine of shared responsibility intends to coordinate regional efforts. This book analyzes the main issues and individual regions, including China, Japan, the EU and the USA.
Risk model validation is an emerging and important area of research, and has arisen because of Basel I and II. These regulatory initiatives require trading institutions and lending institutions to compute their reserve capital in a highly analytic way, based on the use of internal risk models. It is part of the regulatory structure that these risk models be validated both internally and externally, and there is a great shortage of information as to best practise. Editors Christodoulakis and Satchell collect papers that are beginning to appear by regulators, consultants, and academics, to provide the first collection that focuses on the quantitative side of model validation. The book covers the three main areas of risk: Credit Risk and Market and Operational Risk.
Have you ever had the experience of having the most perfect date interrupted by some bone head trying to raise money for a bogus charity? Do you feel like that most of the unscrupulous telemarketing firms lack common sense when they choose to call you during the final playoff game? Wouldn't you like to call up a telemarketer who just woke you up on their personal home phone line and give them a wake-up call that they'll never forget? Can you imagine learning some new innovative and out of the box strategies in irritating telemarketers? I'm guessing that you have probably said yes to one or all of the above or you would not have made it this far. Prepare to get blown away by a veteran telemarketer who will reveal in this book shocking, humiliating and downright dirty ways on HOW TO IRRITATE A TELEMARKETER!
Strategic Risk examines a fundamental issue in the field of strategic management and organizations: how to study changes in the competitive outcomes of firms. Collins and Ruefli develop the concept of ordinal risk and extend this concept and its associated measures to the more general framework of state-defined systems. The book makes the state-defined risk methodology more accessible to strategic management researchers, and to social scientists in general. The need for quantitative frameworks with which to analyze the dynamics of strategic management has been apparent for some time. The state-defined risk methodology has the advantage of being based on a common usage definition of risk, and is also based on a mathematically well-behaved function. It permits investigation of the chance of gain while yielding a measure of environmental uncertainty. Finally, the development is general and permits applications employing a variety of performance dimensions over a range of entities in a diversity of contexts. The authors demonstrate the practicability and reliability of this approach by applying the model to mutual funds, large mining and manufacturing firms, and public firms on an industry by industry basis.
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