Managing Financial Risk is the most authoritative and comprehensive
primer ever published for financial professionals who must understand and successfully use
derivaties. The previous edition of this professional financial classic sold over 18,000
copies and emerged as a leading training tool in the derivatives industry. The book covers
derivative products from the most basic to the most complex and explains how derivatives
are used by each major player in the market: dealers, financial firms, and corporations.
In addition, the book includes short contributions from a variety of experts from leading
companies such as Citibank, J.P. Morgan, British Petroleum, and Ciba-Geigy. Completely
updated to include new material on new products such as commodity swaps and credit swaps,
this edition will cover every aspect of the derivatives marketplace with insight and
authority.
The Evolution of Risk Management Products. An Overview of the Risk Management Process.
Impact of the Introduction of the Risk Management Products. Forward Contracts.
Applications of Forwards. Futures. Applications of Futures. Swaps. Applications of Swaps.
A Primer on Options. First-Generation Options. Applications of Options. Second-Generation
Options. Engineering ``New'' Risk Management Products. Hybrid Securities. The Dealer's
Perspective. Measuring and Managing Default Risk. Managing Price Risk in a Portfolio of
Derivatives. Risk Governance. Risk Management and the Value of a Nonfinancial Firm.
Measuring a Nonfinancial Firm's Exposure to Financial Price Risk. Implementing a Risk
Management Program. Uses of Risk Management Products by Banks and Other Financial
Institutions. Uses of Risk Management Products by Institutional Investors.
Hardcover
660 pages