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Elements of Financial Risk Management

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Title: Elements of Financial Risk Management
by Peter F. Christoffersen
ISBN: 0-12-174232-6
Publisher: Academic Press
Pub. Date: June, 2003
Format: Hardcover
Volumes: 1
List Price(USD): $79.95
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Average Customer Rating: 5 (4 reviews)

Customer Reviews

Rating: 5
Summary: Crisp and Practical. Attached Excel files are beautiful!!
Comment: I actually learnt elements of risk management and derivatives in a graduate program using this book.
Though I was a perfect amateur in this area, I could understand the essence without taking so much time. That was because this book is short and to the point. Additionally, it is a fair bit practical by adding Excel work files full of models and functions often used in Financial industry. I think the book is also well designed for independent study. All answer files of exercises are contained in an attached CD-ROM.
The best book without question.

Rating: 5
Summary: Clear and concise
Comment: The book has its materials laid out clearly with stated goals and conclusions to keep readers well focused. It gives a very concise yet clear explainations to the recent advancements in risk managment. The mathematics in this book isn't difficult for the beginners, yet it can be challenging to those advanced readers who want to get technical; this book is for everyone!

Moreover, you can try it! - a real hand on practice by doing the excercises included in the CD-rom. This book really gave me a practical intuition to the those time-series methods that were taught in the graduate econometrics course. This book is a gold mine among the students and practitioners of financial risk management.

Rating: 5
Summary: Excellent Purchase
Comment: This text provides a comprehensive introduction to the growing field of modern Risk Management. Strong points include a very readable section on statistical modeling for volatility and correlation accompanied by many practical excel exercises that enable the reader to apply the theory first hand.

The author complements the theory nicely with simple intuitive explanations. I would definitely recommend this book to anyone interested in learning about the theory and practice of risk anagement.

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