Allan Malz explains in his ground-breaking new book, are two completely different concepts. Risk is a quantifiable … science, the study of risk remains a relatively new discipline in finance and economics that continues to be refined …. Financial crisis, rather than destroying the need for risk management, has given even great nuance and meaning to what risks …

Financial risk has become a focus of financial and nonfinancial firms, individuals, and policy makers. But the study of … risk remains a relatively new discipline in finance and continues to be refined. The financial market crisis that began in … 2007 has highlighted the challenges of managing financial risk. Now, in Financial Risk Management, author Allan Malz …