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Financial risk manager handbook:

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Bibliographische Detailangaben
Beteilige Person:	Jorion, Philippe 1955- (VerfasserIn)
Format:	Buch
Sprache:	Englisch
Veröffentlicht:	Hoboken, NJ Wiley 2007
Ausgabe:	4. ed.
Schriftenreihe:	Wiley finance Risk management library
Schlagwörter:	Finanzsektor / Internationaler Finanzmarkt / Finanzdienstleistung / Investitionsrisiko / Portfolio-Management / Risikomanagement / Welt Handbuch / Handbook - 41 Kapitalmarkt Risikomanagement
Links:	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015957892&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
Umfang:	XXII, 713 S. graph. Darst. 1 CD-ROM (12 cm)
ISBN:	9780470126301

Internformat

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245	1	0	\|a Financial risk manager handbook \|c Philippe Jorion. GARP
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Datensatz im Suchindex

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adam_text	Contents Preface xix Introduction xxi PART ONE Quantitative Analysis CHAPTER 1 Bond Fundamentals 3 1.1 Discounting, Present, and Future Value 3 1.2 Price-Yield Relationship 6 1.2.1 Valuation 6 1.2.2 Taylor Expansion 8 1.3 Bond Price Derivatives 9 1.3.1 Interpreting Duration and Convexity 16 1.3.2 Portfolio Duration and Convexity 23 1.4 Important Formulas 25 1.5 Answers to Chapter Examples 26 Appendix: Applications of Infinite Series 29 CHAPTER 2 Fundamentals of Probability 31 2.1 Characterizing Random Variables 31 2.1.1 Univariate Distribution Functions 32 2.1.2 Moments 33 2.2 Multivariate Distribution Functions 37 2.2.1 Joint Distributions 37 2.2.2 Copulas 38 2.2.3 Covariances and Correlations 38 2.3 Functions of Random Variables 40 2.3.1 Linear Transformation of Random Variables 41 2.3.2 Sum of Random Variables 41 2.3.3 Portfolios of Random Variables 42 2.3.4 Product of Random Variables 43 2.3.5 Distributions of Transformations of RVs 44 2.4 Important Distribution Functions 46 2.4.1 Uniform Distribution 46 2.4.2 Normal Distribution 47 2.4.3 Lognormal Distribution 51 2.4.4 Student s t Distribution 54 2.4.5 Binomial Distribution 55 2.4.6 Poisson Distribution 57 Viji __________________________________________________________________________________ CONTENTS 2.5 Limit Distributions 58 2.5.1 Distribution of Averages 58 2.5.2 Distribution of Tails 59 2.6 Important Formulas 60 2.7 Answers to Chapter Examples 61 Appendix: Review of Matrix Multiplication 63 CHAPTER 3 Fundamentals of Statistics 65 3.1 Real Data 65 3.1.1 Measuring Returns 66 3.1.2 Time Aggregation 67 3.1.3 Portfolio Aggregation 70 3.2 Parameter Estimation 71 3.3 Regression Analysis 74 3.3.1 Bivariate Regression 74 3.3.2 Autoregression 76 3.3.3 Multivariate Regression 77 3.3.4 Example 77 3.3.5 Pitfalls with Regressions 80 3.4 Important Formulas 82 3.5 Answers to Chapter Examples 83 CHAPTER 4 Monte Carlo Methods 85 4.1 Simulations with One Random Variable 85 4.1.1 Simulating Markov Processes 85 4.1.2 The Geometric Brownian Motion 86 4.1.3 Simulating Yields 90 4.1.4 Binomial Trees 92 4.2 Implementing Simulations 95 4.2.1 Simulation for VAR 95 4.2.2 Simulation for Derivatives 95 4.2.3 Accuracy 96 4.3 Multiple Sources of Risk 98 4.3.1 The Cholesky Factorization 99 4.3.2 The Curse of Dimensionality 100 4.4 Important Formulas 101 4.5 Answers to Chapter Examples 102 игогаа Capital Markets chapters Introduction to Derivatives 107 5.1 Overview of Derivatives Markets 107 5.2 Forward Contracts 109 5.2.1 Definition 109 5.2.2 Valuing Forward Contracts 111 Contents_____________________________________________________________________________________ ¡Χ 5.2.3 Valuing an Off-Market Forward Contract 113 5.2.4 Valuing Forward Contracts with Income Payments 113 5.3 Futures Contracts 117 5.3.1 Definitions of Futures 117 5.3.2 Valuing Futures Contracts 119 5.4 Swap Contracts 120 5.5 Important Formulas 121 5.6 Answers to Chapter Examples 121 CHAPTBIG 123 6.1 Option Payoffs 123 6.1.1 Basic Options 123 6.1.2 Put-Call Parity 126 6.1.3 Combination of Options 128 6.2 Option Premiums 132 6.2.1 General Relationships 132 6.2.2 Early Exercise of Options 134 6.3 Valuing Options 136 6.3.1 Pricing by Replication 136 6.3.2 Black-Scholes Valuation 137 6.3.3 Extensions 140 6.3.4 Market versus Model Prices 141 6.4 Other Option Contracts 143 6.5 Valuing Options by Numerical Methods 146 6.6 Important Formulas 148 6.7 Answers to Chapter Examples 149 CHAPTBÌ7 RxetHncome Securities 152 7.1 Overview of Debt Markets 152 7.2 Fixed-Income Securities 155 7.2.1 Instrument Types 155 7.2.2 Methods of Quotation 157 7.3 Analysis of Fixed-Income Securities 158 7.3.1 The NPV Approach 158 7.3.2 Pricing 159 7.3.3 Duration 161 7.4 Spot and Forward Rates 162 7.5 Prepayment 167 7.5.1 Describing Prepayment Speed 167 7.5.2 Prepayment Risk 169 7.6 Securitization 174 7.6.1 Principles of Securitization 174 7.6.2 Tranching 176 7.6.3 Tranching: Inverse Floaters 178 7.6.4 Tranching: CMOs 180 7.7 Important Formulas 182 7.8 Answers to Chapter Examples 182 CHAPTERS Fixed-Income Derivatives 8.1 Forward Contracts 8.2 Futures 8.2.1 Eurodollar Futures 8.2.2 Т -bond Futures 8.3 Swaps 8.3.1 Instruments 8.3.2 Pricing 8.4 Options 8.4.1 Caps and Floors 8.4.2 Swaptions 8.4.3 Exchange-Traded Options 8.5 Important Formulas 8.6 Answers to Chapter Examples CONTENTS 186 186 189 189 190 193 193 194 199 199 202 204 205 206 CHAPTERS Equity, Currency, and Conunodity Markets 209 9.1 Equities 209 9.1.1 Overview 209 9.1.2 Valuation 211 9.2 Convertible Bonds and Warrants 212 9.2.1 Definitions 212 9.2.2 Valuation 214 9.3 Equity Derivatives 216 9.3.1 Stock Index Futures 216 9.3.2 Single Stock Futures 219 9.3.3 Equity Options 219 9.3.4 Equity Swaps 220 9.3.5 Variance Swaps 220 9.4 Currency Markets 221 9.5 Currency Swaps 223 9.5.1 Instruments 223 9.5.2 Pricing 224 9.6 Commodities 228 9.6.1 Products 228 9.6.2 Pricing of Futures 229 9.6.3 Futures and Expected Spot Prices 231 9.7 Important Formulas 234 9.8 Answers to Chapter Examples 235 PART THREE CHAPTER 10 241 10.1 Introduction to Financial Market Risks 241 10.1.1 Types of Financial Risks 241 10.1.2 Risk Management Tools 242 10.2 VAR as a Downside Risk Measure 244 10.2.1 VAR: Definition 244 Contents_________________________________________________________________________________________ X¡ 10.2.2 VAR: Caveats 246 10.2.3 Alternative Measures of Risk 247 10.2.4 Cash Flow at Risk 249 10.3 VAR Parameters 250 10.3.1 Confidence Level 251 10.3.2 Horizon 251 10.3.3 Application: The Basel Rules 253 10.4 Elements of VAR Systems 254 10.4.1 Portfolio Positions 254 10.4.2 Risk Factors 255 10.4.3 VAR Methods 255 10.5 Stress-Testing 256 10.6 Liquidity Risk 259 10.7 Important Formulas 262 10.8 Answers to Chapter Examples 262 Appendix: Desirable Properties for Risk Measures 264 CHAPTBtii Sources ol Market Risk 267 11.1 Sources of Loss: A Decomposition 267 11.2 Currency Risk 268 11.2.1 Currency Volatility 269 11.2.2 Correlations 270 11.2.3 Cross-Rate Volatility 271 11.3 Fixed-Income Risk 271 11.3.1 Factors Affecting Yields 272 11.3.2 Bond Price and Yield Volatility 274 11.3.3 Correlations 276 11.3.4 Global Interest Rate Risk 278 11.3.5 Real Yield Risk 279 11.3.6 Credit Spread Risk 280 11.3.7 Prepayment Risk 280 11.4 Equity Risk 281 11.4.1 Stock Market Volatility 281 11.5 Commodity Risk 282 11.5.1 Commodity Volatility 282 11.5.2 Futures Risk 282 11.6 Risk Simplification 285 11.6.1 Diagonal Model 285 11.6.2 Fixed-Income Portfolio Risk 286 11.7 Important Formulas 288 11.8 Answers to Chapter Examples 288 Appendix: Simplification of the Covariance Matrix 290 ШРТВП2 Hedging ШеагИѕк 292 12.1 Introduction to Futures Hedging 293 12.1.1 Unitary Hedging 293 12.1.2 Basis Risk 294 ______________________________________________________________________________________________CONTENTS 12.2 Optimal Hedging 296 12.2.1 The Optimal Hedge Ratio 296 12.2.2 Example 299 12.2.3 Liquidity Issues 301 12.3 Applications of Optimal Hedging 301 12.3.1 Duration Hedging 301 12.3.2 Beta Hedging 305 12.4 Important Formulas 307 12.5 Answers to Chapter Examples 307 CHAPTER 13 Nonlinear Risk: Options 309 13.1 Evaluating Options 309 13.1.1 Definitions 309 13.1.2 Taylor Expansion 310 13.1.3 Option Pricing 311 13.2 Option Greeks 313 13.2.1 Option Sensitivities: Delta and Gamma 313 13.2.2 Option Sensitivities: Vega 316 13.2.3 Option Sensitivities: Rho 318 13.2.4 Option Sensitivities: Theta 319 13.2.5 Option Pricing and the Greeks 319 13.2.6 Option Sensitivities: Summary 321 13.3 Dynamic Hedging 325 13.3.1 Delta and Dynamic Hedging 325 13.3.2 Implications 325 13.3.3 Distribution of Option Payoffs 326 13.4 Important Formulas 330 13.5 Answers to Chapter Examples 330 CHAPTER 14 Modeling Risk Factors 333 14.1 Normal and Lognormal Distributions 333 14.1.1 Why the Normal? 333 14.1.2 Computing Returns 334 14.1.3 Time Aggregation 335 14.2 Fat Tails 337 14.3 Time-Variation in Risk 339 14.3.1 GARCH 339 14.3.2 EWMA 342 14.3.3 Option Data 344 14.3.4 Implied Distributions 345 14.4 Important Formulas 347 14.5 Answers to Chapter Examples 347 CHAPTER 15 VAR Methods 349 15.1 VAR: Local versus Full Valuation 349 15.1.1 Local Valuation 350 15.1.2 Full Valuation 350 15.1.3 Delta-Gamma Method 351 15.2 VAR Methods: Overview 353 15.2.1 Mapping 353 Contents_______________________________________________________________________________________________ ХНІ 15.2.2 Delta-Normal Method 353 15.2.3 Historical Simulation Method 354 15.2.4 Monte Carlo Simulation Method 355 15.2.5 Comparison of Methods 356 15.3 Example 358 15.3.1 Mark-to-Market 358 15.3.2 Risk Factors 360 15.3.3 VAR: Historical Simulation 361 15.3.4 VAR: Delta-Normal Method 362 15.4 Important Formulas 364 15.5 Answers to Chapter Examples 365 PART FOUR Investment Risk Management CHAPTER 16 Portfolio Management 369 16.1 Institutional Investors 369 16.2 Portfolio Management 370 16.2.1 Risk Measurement 370 16.2.2 Performance Measurement 373 16.2.3 Performance Attribution 374 16.2.4 Performance Evaluation and Survivorship 376 16.3 Risk Budgeting 378 16.4 Important Formulas 380 16.5 Answers to Chapter Examples 381 CHAPTER 17 17.1 The Hedge Fund Industry 383 17.2 Leverage, Long, and Short Positions 384 17.2.1 Long Position 384 17.2.2 Short Position 385 17.2.3 Long and Short Positions 386 17.3 Hedge Fund Risk Management 389 17.3.1 Types of Market Risks 389 17.3.2 Hedge Fund Styles 389 17.3.3 Liquidity and Model Risk 396 17.4 Hedge Fund Transparency 399 17.5 Important Formulas 402 17.6 Answers to Chapter Examples 403 PART FIVE GREM RISK MANAGEMENT CHAPTER 18 Introduction to Credit Risk 409 18.1 Settlement Risk 409 18.1.1 Presettlement Versus Settlement Risk 409 18.1.2 Handling Settlement Risk 410 MV____________________________________________________________________________________________CONTENTS 18.2 Overview of Credit Risk 412 18.2.1 Drivers of Credit Risk 412 18.2.2 Measurement of Credit Risk 412 18.2.3 Credit Risk versus Market Risk 413 18.3 Measuring Credit Risk 414 18.3.1 Credit Losses 414 18.3.2 Joint Events 414 18.3.3 An Example 416 18.4 Credit Risk Diversification 420 18.5 Important Formulas 424 18.6 Answers to Chapter Examples 424 CHAPTER 19 Measuring Actuarial Default Risk 427 19.1 Credit Event 428 19.2 Default Rates 429 19.2.1 Credit Ratings 429 19.2.2 Historical Default Rates 432 19.2.3 Cumulative and Marginal Default Rates 435 19.2.4 Transition Probabilities 440 19.2.5 Time Variation in Default Probabilities 442 19.3 Recovery Rates 443 19.3.1 The Bankruptcy Process 443 19.3.2 Estimates of Recovery Rates 444 19.4 Assessing Corporate and Sovereign Rating 447 19.4.1 Corporate Ratings 447 19.4.2 Sovereign Ratings 448 19.5 Important Formulas 451 19.6 Answers to Chapter Examples 451 CHAPTER 20 Measuring Default Risk from Market Ppioes 454 20.1 Corporate Bond Prices 454 20.1.1 Spreads and Default Risk 455 20.1.2 Risk Premium 456 20.1.3 The Cross-Section of Yield Spreads 458 20.1.4 Time Variation in Credit Spreads 459 20.2 Equity Prices 461 20.2.1 The Merton Model 461 20.2.2 Pricing Equity and Debt 463 20.2.3 Applying the Merton Model 465 20.2.4 Example 467 20.3 Important Formulas 469 20.4 Answers to Chapter Examples 469 CHAPTER 21 Credit Exposure 471 21.1 Credit Exposure by Instrument 471 21.1.1 Loans or Bonds 472 21.1.2 Guarantees 472 21.1.3 Commitments 472 21 Λ A Swaps or Forwards 472 Contents______________________________________________________________________________________ XV 21.1.5 Long Options 473 21.1.6 Short Options 473 21.2 Distribution of Credit Exposure 474 21.2.1 Expected and Worst Exposure 474 21.2.2 Time Profile 475 21.2.3 Exposure Profile for Interest Rate Swaps 476 21.2.4 Exposure Profile for Currency Swaps 484 21.2.5 Exposure Profile for Different Coupons 486 21.3 Exposure Modifiers 487 21.3.1 Marking to Market 488 21.3.2 Exposure Limits 489 21.3.3 Recouponing 490 21.3.4 Netting Arrangements 490 21.4 Credit Risk Modifiers 496 21.4.1 Credit Triggers 496 21.4.2 Time Puts 496 21.5 Important Formulas 496 21.6 Answers to Chapter Examples 497 CHAPTER 22 Credit Derivatives and Structured Products 500 22.1 Introduction 500 22.2 Types of Credit Derivatives 501 22.2.1 Credit Default Swaps 501 22.2.2 Total Return Swaps 506 22.2.3 Credit Spread Forward and Options 507 22.3 Pricing and Hedging Credit Derivatives 509 22.3.1 Methods 510 22.3.2 Example: Credit Default Swap 510 22.4 Structured Products 514 22.4.1 Creating Structured Products 514 22.4.2 Credit-Linked Notes 514 22.4.3 Collateralized Debt Obligations 515 22.5 CDO Market 517 22.5.1 Balance Sheet and Arbitrage CDOs 517 22.5.2 Cash Flow and Synthetic CDOs 518 22.5.3 Cash Flow and Market Value CDOs 518 22.5.4 Static and Managed CDOs 519 22.5.5 Other Products 519 22.6 Conclusions 522 22.7 Important Formulas 524 22.8 Answers to Chapter Examples 524 CHAPTER 23 527 23.1 Measuring the Distribution of Credit Losses 528 23.2 Measuring Expected Credit Loss 530 23.2.1 Expected Loss over a Target Horizon 530 23.2.2 The Time Profile of Expected Loss 531 23.3 Measuring Credit VAR 533 23.4 Portfolio Credit Risk Models 535 23.4.1 Approaches to Portfolio Credit Risk Models 535 mrt ________________________________________________________________________________ contents 23.4.2 CreditMetrics 536 23.4.3 С^Жѕкч- 539 23.4.4 Moody s KMV 539 23.4.5 Credit Portfolio View 540 23.4.6 Comparison 540 23.5 Important Formulas 544 23.6 Answers to Chapter Examples 545 PART SIX Operational and Integrated Risk Management CHAPTER 24 Operational Risk 551 24.1 The Importance of Operational Risk 551 24.1.1 Case Histories 552 24.1.2 Business Lines 552 24.2 Identifying Operational Risk 553 24.3 Assessing Operational Risk 556 24.3.1 Comparison of Approaches 556 24.3.2 Actuarial Models 557 24.4 Managing Operational Risk 561 24.4.1 Capital Allocation and Insurance 561 24.4.2 Mitigating Operational Risk 563 24.4.3 Conceptual Issues 564 24.5 Answers to Chapter Examples 565 Appendix: Causal Networks 567 CHAPTER 25 Risk Capital and RAROC 569 25.1 RAROC 569 25.1.1 Risk Capital 570 25.1.2 RAROC Methodology 571 25.1.3 Application to Compensation 572 25.2 Performance Evaluation and Pricing 573 25.3 Important Formulas 575 25.4 Answers to Chapter Examples 575 CHAPTER 26 Firm-Wide Risk Management 577 26.1 Integrated Risk Management 577 26.1.1 Types of Risk 577 26.1.2 Risk Interactions 578 26.2 Best Practices Reports 580 26.2.1 The G-30 Report 580 26.2.2 The Bank of England Report on Barings 582 26.2.3 The CRMPG Report on LTCM 582 26.3 Organizational Structure 584 26.4 Controlling Traders 588 26.4.1 Trader Compensation 588 26.4.2 Trader Limits 589 26.5 Answers to Chapter Examples 592 Contents_______________________________________________________________________________________________ ХУЙ PARTSEVEN Legal, Accounting, and Tax Risk Management CHAPTER 27 Legal Issues 597 27.1 Legal Risks with Derivatives 597 27.2 Netting 600 27.2.1 Netting under the Basel Accord 601 27.2.2 Walk-Away Clauses 602 27.2.3 Netting and Exchange Margins 602 27.3 ISDA Master Netting Agreement 603 27.4 The 2002 Sarbanes-Oxley Act 606 27.5 Glossary 608 27.5.1 General Legal Terms 608 27.5.2 Bankruptcy Terms 608 27.5.3 Contract Terms 609 27.6 Answers to Chapter Examples 610 CHAPTER 28 Accounting and Tax Issues 611 28.1 Internal Reporting 612 28.1.1 Purpose of Internal Reporting 612 28.1.2 Comparison of Methods 612 28.2 Major Issues in Reporting 613 28.2.1 Valuation Issues 613 28.2.2 Reporting Method for Derivatives 615 28.3 External Reporting: FASB 616 28.3.1 FAS 133 617 28.3.2 Definition of Derivative 617 28.3.3 Embedded Derivatives 618 28.3.4 Disclosure Rules 619 28.3.5 Hedge Effectiveness 620 28.3.6 General Evaluation of FAS 133 621 28.3.7 Accounting Treatment of SPEs 622 28.4 External Reporting: IASB 625 28.4.1 IAS 39 625 28.5 Tax Considerations 627 28.6 Answers to Chapter Examples 628 PABJB6HF Regulation and Compliance CHAPTER 2Э Regulation of financial Institutions 633 29.1 Definition of Financial Institutions 633 29.2 Systemic Risk 634 29.3 Regulation of Commercial Banks 635 29.4 Regulation of Securities Houses 638 29.5 Tools and Objectives of Regulation 639 29.6 Answers to Chapter Examples 642 ХУН! ______________________________________________________________________________________________CONTENTS СНАРШІЗО The Basel Accord 643 30.1 Steps in the Basel Accord 643 30.1.1 The Basel I Accord 643 30.1.2 The 1996 Amendment 644 30.1.3 The Basel II Accord 644 30.2 The 1988 Basel Accord 646 30.2.1 Risk Capital 646 30.2.2 On-Balance Sheet Risk Charges 649 30.2.3 Off-Balance Sheet Risk Charges 649 30.2.4 Total Risk Charge 654 30.3 Illustration 655 30.4 The New Basel Accord 658 30.4.1 Issues with the 1988 Basel Accord 658 30.4.2 Definition of Capital 658 30.4.3 The Credit Risk Charge 659 30.4.4 The Operational Risk Charge 663 30.4.5 Evaluation 666 30.5 Conclusions 667 30.6 Important Formulas 668 30.7 Answers to Chapter Examples 668 CHAPTER 31 The Basel Market Risk Charge 671 31.1 The Standardized Method 671 31.2 The Internal Models Approach 672 31.2.1 Qualitative Requirements 673 31.2.2 The Market Risk Charge 673 31.2.3 Combination of Approaches 675 31.3 Stress Testing 677 31.4 Backtesting 679 31.4.1 Measuring Exceptions 679 31.4.2 Statistical Decision Rules 679 31.4.3 The Penalty Zones 680 31.5 Important Formulas 683 31.6 Answers to Chapter Examples 683 About the CD-ROM 685 Index 887
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id	DE-604.BV022752184
illustrated	Illustrated
indexdate	2024-12-20T13:03:23Z
institution	BVB
isbn	9780470126301
language	English
oai_aleph_id	oai:aleph.bib-bvb.de:BVB01-015957892
oclc_num	255540716
open_access_boolean
owner	DE-473 DE-BY-UBG DE-1102 DE-19 DE-BY-UBM DE-M347 DE-355 DE-BY-UBR DE-945 DE-384 DE-91G DE-BY-TUM DE-703 DE-N2 DE-2070s
owner_facet	DE-473 DE-BY-UBG DE-1102 DE-19 DE-BY-UBM DE-M347 DE-355 DE-BY-UBR DE-945 DE-384 DE-91G DE-BY-TUM DE-703 DE-N2 DE-2070s
physical	XXII, 713 S. graph. Darst. 1 CD-ROM (12 cm)
publishDate	2007
publishDateSearch	2007
publishDateSort	2007
publisher	Wiley
record_format	marc
series2	Wiley finance Risk management library
spellingShingle	Jorion, Philippe 1955- Financial risk manager handbook Finanzsektor / Internationaler Finanzmarkt / Finanzdienstleistung / Investitionsrisiko / Portfolio-Management / Risikomanagement / Welt Handbuch / Handbook - 41 Kapitalmarkt (DE-588)4029578-3 gnd Risikomanagement (DE-588)4121590-4 gnd
subject_GND	(DE-588)4029578-3 (DE-588)4121590-4
title	Financial risk manager handbook
title_alt	Handbook
title_auth	Financial risk manager handbook
title_exact_search	Financial risk manager handbook
title_full	Financial risk manager handbook Philippe Jorion. GARP
title_fullStr	Financial risk manager handbook Philippe Jorion. GARP
title_full_unstemmed	Financial risk manager handbook Philippe Jorion. GARP
title_short	Financial risk manager handbook
title_sort	financial risk manager handbook
topic	Finanzsektor / Internationaler Finanzmarkt / Finanzdienstleistung / Investitionsrisiko / Portfolio-Management / Risikomanagement / Welt Handbuch / Handbook - 41 Kapitalmarkt (DE-588)4029578-3 gnd Risikomanagement (DE-588)4121590-4 gnd
topic_facet	Finanzsektor / Internationaler Finanzmarkt / Finanzdienstleistung / Investitionsrisiko / Portfolio-Management / Risikomanagement / Welt Handbuch / Handbook - 41 Kapitalmarkt Risikomanagement
url	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015957892&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
work_keys_str_mv	AT jorionphilippe financialriskmanagerhandbook AT jorionphilippe handbook

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