Financial Risk Management

<body topmargin="0" leftmargin="0" stylesrc="../_private/template_title.htm" bgcolor="#FFFFFF" link="#333366" vlink="#000000" alink="#000000"> <table border="0" cellspacing="0" width="100%" cellpadding="10" style="border-collapse: collapse" bordercolor="#111111" id="table35"> <tr> <td width="100%" bgcolor="#FFFFCC"> <p class="header_black">Risk Management: <span class="header_gold">General</span></td> </tr> </table> <div align="left"> <table border="0" cellspacing="4" style="border-collapse: collapse" bordercolor="#111111" width="100%" cellpadding="0" id="table36"> <tr> <td width="740" bgcolor="#FFFFFF"> <div align="center"> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="468" id="table37"> <tr> <td> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> </table> <div align="center"> <div align="center"> <div align="center"> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table38"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap429"> <area href="../titles/kalyvas_and_akkizidis_(2006).htm" shape="rect" coords="0, 0, 133, 199"> </map> <img border="0" src="../images/book_kalyvas_and_akkizidis_(2006).gif" width="134" height="200" usemap="#FPMap429"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table39"> <tr> <td width="100%"> <p class="book_title">Integrating Market, Credit and Operational Risk</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table40"> <tr> <td width="100%" colspan="4"> <p class="book_details">L. Kalyvas, I. Akkizidis, I. Zourka and V. Bouchereau</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap430"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_3.gif" width="90" height="16" usemap="#FPMap430"></td> <td width="25" class="book_details_tags"> <map name="FPMap431"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_2.gif" width="90" height="16" usemap="#FPMap431"></td> <td width="25" class="book_details_tags"> 2006</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap432"> <area target="_self" href="../titles/kalyvas_and_akkizidis_(2006).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap432" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">I am usually suspicious of attempts to "integrate" market, credit and operational risk. They so often describe the individual risks but leave it up to the reader to figure out the integration business. At least this book tries</strong> ... <a href="../titles/kalyvas_and_akkizidis_(2006).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table41"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap425"> <area href="../titles/crouhy_galai_mark_(2006).htm" shape="rect" coords="0, 0, 135, 199"> </map> <img border="0" src="../images/book_crouhy_galai_mark_(2006).gif" width="136" height="200" usemap="#FPMap425"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table42"> <tr> <td width="100%"> <p class="book_title">Essentials of Risk Management</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table43"> <tr> <td width="100%" colspan="4"> <p class="book_details">M. Crouhy, D. Galay, R. Mark</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap426"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_4.gif" width="90" height="16" usemap="#FPMap426"></td> <td width="25" class="book_details_tags"> <map name="FPMap427"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_2.gif" width="90" height="16" usemap="#FPMap427"></td> <td width="25" class="book_details_tags"> 2006</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap428"> <area target="_self" href="../titles/crouhy_galai_mark_(2006).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap428" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">No, this is not a new edition. Yes, the same authors have already published one elementary book on risk management, but this is not a new edition or rewrite. It is a completely new elementary book on risk management. The other book is Crouhy, Galai and Mark (<a href="../titles/crouhy_galai_and_mark_(2001).htm">2001</a>). I can't imagine what they are up to, but maybe I should just get over it and write this book review</strong> ... <a href="../titles/crouhy_galai_mark_(2006).htm">Read more</a></td> </tr> </table> </td> </tr> </table> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table44"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap4"> <area href="../titles/mcneil_et_al_(2005).htm" shape="rect" coords="0, 0, 135, 199"> </map> <img border="0" src="../images/book_mcneil_et_al_(2005).gif" usemap="#FPMap4" width="136" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table45"> <tr> <td width="100%"> <p class="book_title">Quantitative Risk Management</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table46"> <tr> <td width="100%" colspan="4"> <p class="book_details">A. McNeil, R. Frey and P. Embrechts</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap417"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_4.gif" usemap="#FPMap417" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap418"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_4.gif" usemap="#FPMap418" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2005</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap419"> <area target="_self" href="../titles/mcneil_et_al_(2005).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap419" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">During its brief history, financial risk management has been a field dominated by quantitative models. This may be due to the influence of bank regulators who demand that capital charges be calculated—which is the same thing as quantifying risk. It may also be due to disinterested senior managers who want a "silver bullet"—a single number to summarize "risk" for them</strong> ... <a href="../titles/mcneil_et_al_(2005).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table47"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap433"> <area target="_top" href="http://www.amazon.com/exec/obidos/ASIN/0120884380/ref=nosim/contingencyanaly" shape="rect" coords="0, 0, 161, 199"> </map> <img border="0" src="../images/book_ong_michael_(2006).jpg" width="162" height="200" usemap="#FPMap433"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table48"> <tr> <td width="100%"> <p class="book_title">Risk Management<br> <font size="3">A Modern Perspective</font></td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table49"> <tr> <td width="100%" colspan="4"> <p class="book_details">Michael Ong</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap436"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_3.gif" width="90" height="16" usemap="#FPMap436"></td> <td width="25" class="book_details_tags"> <map name="FPMap437"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_3.gif" width="90" height="16" usemap="#FPMap437"></td> <td width="25" class="book_details_tags"> 2005</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap434"> <area target="_top" href="http://www.amazon.com/exec/obidos/ASIN/0120884380/ref=nosim/contingencyanaly" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_amazon.gif" width="90" height="25" usemap="#FPMap434"></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body">An overpriced edited collection of mediocre articles. Some promote hedge funds. Others talk about behavioral finance. A few take up serious topics, such as economic capital or model backtesting, but there are better treatments elsewhere. Why do the people depicted on the cover look like such geeks? ... <a target="_top" href="http://www.amazon.com/exec/obidos/ASIN/0120884380/ref=nosim/contingencyanaly">Buy now</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table50"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap53"> <area href="../titles/horcher_karen_(2005b).htm" shape="rect" coords="0, 0, 133, 199"> </map> <img border="0" src="../images/book_horcher_karen_(2005b).gif" usemap="#FPMap53" width="134" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table51"> <tr> <td width="100%"> <p class="book_title">Essentials of Financial Risk Management</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table52"> <tr> <td width="100%" colspan="4"> <p class="book_details">Karen Horcher</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap51"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_3.gif" usemap="#FPMap51" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap52"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_1.gif" usemap="#FPMap52" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2005</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap424"> <area target="_self" href="../titles/horcher_karen_(2005b).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap424" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">There are plenty of simplistic introductions to financial risk management on the market. This one doesn't stand out</strong> ... <a href="../titles/horcher_karen_(2005b).htm">Read more</a></td> </tr> </table> </td> </tr> </table> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table53"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap420"> <area href="../titles/frenkel_et_al_(2005).htm" shape="rect" coords="0, 0, 125, 199"> </map> <img border="0" src="../images/book_frenkel_et_al_(2005).gif" usemap="#FPMap420" width="126" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table54"> <tr> <td width="100%"> <p class="book_title">Risk Management</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table55"> <tr> <td width="100%" colspan="4"> <p class="book_details">M. Frenkel, U. Hommel, M. Rudolf (Eds.)</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap421"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_4.gif" usemap="#FPMap421" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap422"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_2.gif" usemap="#FPMap422" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2005</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap423"> <area target="_self" href="../titles/frenkel_et_al_(2005).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap423" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Now in its second edition, and weighing in at over 800 pages, this weighty tomb is an edited collection looking at all aspects of financial and insurance risk management. There are 41 chapters arranged into four parts</strong> ... <a href="../titles/frenkel_et_al_(2005).htm">Read more</a></td> </tr> </table> </td> </tr> </table> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table56"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap409"> <area href="../titles/allen_boudoukh_saunders_(2004).htm" shape="rect" coords="0, 0, 132, 199"> </map> <img border="0" src="../images/book_allen_boudoukh_saunders_(2004).jpg" usemap="#FPMap409" width="133" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table57"> <tr> <td width="100%"> <p class="book_title"><span style="font-size: 13pt">Understanding Market, Credit, and Operational Risk:</span> <font style="font-size: 11pt">The Value-at-Risk approach</font></td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table58"> <tr> <td width="100%" colspan="4"> <p class="book_details">L. Allen, J. Boudoukh, A. Saunders</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap410"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/star_3.gif" usemap="#FPMap410" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap411"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_3.gif" usemap="#FPMap411" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2004</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap412"> <area target="_self" href="../titles/allen_boudoukh_saunders_(2004).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap412" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">You may recall a few years ago that Anthony Saunders published a largely non-technical book looking at various commercial credit risk models. He teamed up with Linda Allen to produce a (<a href="../titles/saunders_and_allen_(2002).htm">2002</a>) second edition. Now Jacob Boudoukh has joined the team, and they are out with a new book. This one extends the discussion to market risk and operational risk</strong> ... <a href="../titles/allen_boudoukh_saunders_(2004).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table59"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap413"> <area href="../titles/van_deventer_imai_mesler_(2004).htm" shape="rect" coords="0, 0, 133, 199"> </map> <img border="0" src="../images/book_van_deventer_imai_mesler_(2004).gif" usemap="#FPMap413" width="134" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table60"> <tr> <td width="100%"> <p class="book_title">Advanced Financial Risk Management</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table61"> <tr> <td width="100%" colspan="4"> <p class="book_details">D. van Deventer, K. Imai, M. Mesler</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap414"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_6.gif" usemap="#FPMap414" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap415"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_3.gif" usemap="#FPMap415" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2004</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap416"> <area target="_self" href="../titles/van_deventer_imai_mesler_(2004).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap416" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Do you think you have already read everything there is out there on financial risk management? Through the 1990's, so many books were published that all explored the same recurring themes. Fortunately, that started to change in 2003. I consider the two significant books of that year</strong> ... <a href="../titles/van_deventer_imai_mesler_(2004).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table62"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap3"> <area href="../titles/schroeck_g_(2002).htm" shape="rect" coords="0, 0, 133, 199"> </map> <img border="0" src="../images/book_schroeck_g_(2002).jpg" usemap="#FPMap3" width="134" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table63"> <tr> <td width="100%"> <p class="book_title">Risk Management and Value Creation in Financial Institutions</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table64"> <tr> <td width="100%" colspan="4"> <p class="book_details">Gerhard Schroeck</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap435"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_4.gif" usemap="#FPMap435" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap2"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_3.gif" usemap="#FPMap2" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2002</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap408"> <area target="_self" href="../titles/schroeck_g_(2002).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap408" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body"><strong style="font-weight: 400">Schroeck has written a theoretician's text on risk management and capital allocation within banks</strong> ... <a href="../titles/schroeck_g_(2002).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table65"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap401"> <area href="../titles/marrison_c_(2002).htm" shape="rect" coords="0, 0, 157, 199"> </map> <img border="0" src="../images/book_marrison_c_(2002).gif" usemap="#FPMap401" width="158" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table66"> <tr> <td width="100%"> <p class="book_title"> <span class="book_title_sub">The Fundamentals of</span><br> Risk Measurement</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table67"> <tr> <td width="100%" colspan="4"> <p class="book_details">Chris Marrison</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap402"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/star_5.gif" usemap="#FPMap402" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap403"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map> <img border="0" src="../images/tech_3.gif" usemap="#FPMap403" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2002</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap404"> <area target="_self" coords="0, 0, 90, 25" shape="rect" href="../titles/marrison_c_(2002).htm"> </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap404" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body">There are lots of introductory texts on VaR and financial risk management. Marrison's is one of the best. Focusing exclusively on risk management within banks limits the book's audience, but it provides a context for deep understanding. No other book treats VaR, credit risk, ALM, RAROC, operational risk, and ... <a href="../titles/marrison_c_(2002).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> </div> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table68"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap309"> <area href="../titles/crouhy_galai_and_mark_(2001).htm" shape="rect" coords="0, 0, 133, 199"> </map> <img border="0" src="../images/book_crouhy.jpg" usemap="#FPMap309" width="134" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table69"> <tr> <td width="100%"> <p class="book_title"> Risk Management</td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table70"> <tr> <td width="100%" colspan="4"> <p class="book_details">M. Crouhy, D. Galai and R. Mark</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap150"> <area href="../main/ratings.htm" shape="rect" coords="1, 2, 89, 15"></map> <img border="0" src="../images/star_4.gif" usemap="#FPMap150" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap305"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/tech_2.gif" usemap="#FPMap305" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2001</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap395"> <area target="_self" href="../titles/crouhy_galai_and_mark_(2001).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap395" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body">This is a general introduction to financial risk management within banks. I should emphasize that the focus is banks. While the book has one chapter about risk management in non-bank corporations, it is very much an afterthought ... <a href="../titles/crouhy_galai_and_mark_(2001).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center"> <table border="0" cellpadding="6" cellspacing="0" height="206" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table71"> <tr> <td valign="top" align="right" height="198" width="150"> <p align="left"> <map name="FPMap324"> <area href="../titles/ramos_j_(2000).htm" shape="rect" coords="0, 0, 142, 199"> </map> <img border="0" src="../images/book_inter_american.jpg" usemap="#FPMap324" width="143" height="200"></td> <td valign="top" align="left" height="198"> <table border="0" cellspacing="1" style="border-collapse: collapse" bordercolor="#111111" cellpadding="0" width="100%" id="table72"> <tr> <td width="100%"> <p class="book_title">Financial Risk Management:<br> <span class="book_title_sub">A Practical Approach for Emerging Markets</span></td> </tr> <tr> <td width="102%" class="book_details_tags" valign="top" height="16" align="left"> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table73"> <tr> <td width="100%" colspan="4"> <p class="book_details">Jose A. Soler Ramos, <i>et al</i>.</td> </tr> <tr> <td width="50" class="book_details_tags"> <map name="FPMap184"> <area coords="2, 1, 89, 15" shape="rect" href="../main/ratings.htm"> </map> <img border="0" src="../images/star_6.gif" usemap="#FPMap184" width="90" height="16"></td> <td width="25" class="book_details_tags"> <map name="FPMap320"> <area href="../main/ratings.htm" shape="rect" coords="0, 0, 89, 15"> </map><img border="0" src="../images/tech_2.gif" usemap="#FPMap320" width="90" height="16"></td> <td width="25" class="book_details_tags"> 2000</td> <td width="100%" class="book_details_tags"> <p align="right"><map name="FPMap400"> <area target="_self" href="../titles/ramos_j_(2000).htm" shape="rect" coords="0, 0, 90, 25" > </map> <img border="0" src="../images/pointer_review.gif" usemap="#FPMap400" width="90" height="25" ></td> </tr> </table> </td> </tr> <tr> <td class="book_details_tags" valign="top" align="left"> <p class="body">Prepared in association with the Inter-American Development Bank, Grupo Santander and the Caribbean Development Bank, this is an excellent general text on financial risk management. Its purpose is to offer reliable guidance to financial and non-financial institutions operating in emerging markets ... <a href="../titles/ramos_j_(2000).htm">Read more</a></td> </tr> </table> </td> </tr> </table> </div> <div align="center">  </div> <div align="center"> <div align="center"> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="468" id="table74"> <tr> <td> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> </table> </div> </div> </td> <td bgcolor="#FFFFFF">  </td> </tr> </table> </div> <div align="center"> <center> <table border="0" cellpadding="10" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="table75"> <tr> <td width="50%" bgcolor="#FFFFCC" align="left" valign="top"> <script type="text/javascript"></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td><td width="50%" bgcolor="#CCCCFF" align="left" valign="top"> <p class="body" style="margin:4 7; 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