Praise for the First Edition“…a nice, self-contained introduction to simulation and computational techniques in finance…”– Mathematical ReviewsSimulation Techniques in Financial Risk Management, Second Editiontakes a unique approach to the field of simulations by focusing on techniques...

An authoritative handbook on risk management techniques and simulations as applied to financial engineering topics, theories, and statistical methodologies The Handbook of Financial Risk Management: Simulations and Case Studies illustrates the prac­tical implementation of simulation techniques...

Credit migrations constitute the building blocks of modern risk management. A firm-specific structural model of credit migration that incorporates the firm’s capital structure and the risk perception of rating agencies is proposed. The proposed model employs the notion of distance-to-default,...