Stancu, Ion; Balu, Florentina - In: Theoretical and Applied Economics 3(498) (2006) 3(498), pp. 51-56
In this article we discuss one of the modern risk measuring techniques Value-at-Risk (VaR). Currently central banks in … major money centers, under the auspices of the BIS Basle Committee, adopt the VaR system to evaluate the market risk of … (VaR) is a powerful tool for assessing market risk, but it also imposes a challenge. Its power is its generality. Unlike …