Bugár Gyöngyi

Market and Credit Risk Management

Types of financial risk

Before discussing the different forms of financial risk, it should be stressed that this broad category of risk classification is only one of the risks that a manufacturing or service company faces. In business, all risks arise from the fact that almost everything about the future is uncertain. It could be said that all elements of the environment surrounding a company are subject not only to change but to stochastic effects, i.e. random variation. The technical consequence of the above is that we need random variables instead of deterministic ones with a clearly definable value, to describe each effect. What is more, it follows that in describing the relationships between variables and in modelling processes we can only rely on probabilistic statements, statistical considerations and regularities that express uncertainty.

Tartalomjegyzék

Kiadó: Akadémiai Kiadó

Online megjelenés éve: 2023

ISBN: 978 963 454 857 7

Gazdaság Idegen nyelvű

International credit crunch, Mexican peso crisis, Asian crisis, sub-prime mortgage crisis... It is enough to think back to the financial crises of the last few decades to see why risk management is essential in the economy. This book will introduce the reader to the basics of financial risk management and the tools for managing market and credit risk. However, the book is not only for those who are starting to be familiar with risk management. Its middle section, where the author describes the various risk indicators and measures, should also provide interesting information for professionals. Particularly commendable that Gyöngyi Bugár guiding us with thematically structured practical examples through this dynamically evolving field.

Bálint Zsoldos - Credit risk analyst of an international investment bank

Hivatkozás: https://mersz.hu/bugar-market-and-credit-risk-management//

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