The estimation and management of risks is an important and complex task that faces market regulators and financial institutions. It has become apparent that more accurate and reliable quantitative measures of risk are needed to avert, or at least minimize, the undesirable effects on a given...

The estimation and management of risk is an important and complex task faced by market regulators and financial institutions. Accurate and reliable quantitative measures of risk are needed to minimize undesirable effects on a given portfolio fromlarge fluctuations in market conditions. To...

The estimation and management of risk is an important and complex task faced by market regulators and financial institutions. Accurate and reliable quantitative measures of risk are needed to minimize undesirable effects on a given portfolio from large fluctuations in market conditions. To...