Introduces a powerful new approach to financial risk modeling with proven strategies for its real-world applications The 2008 credit crisis did much to debunk the much touted powers of Value at Risk (VaR) as a risk metric. Unlike most authors on VaR who focus on what it can do, in this book the...

Much has been written in the press about the current global credit crisis and the consequences on the real economy. We want to take a step back and take stock of what we think should be the lessons learnt from an investment practicioner's point of view in order to avoid repeating the same...