Risk Management and Financial Institutions explains how banks, insurance companies, fund managers and other financial institutions measure and manage the risks they take. John C. Hull, author of the widely used Options, Futures, and Other Derivatives, writes in a clear style that links the theory to how risk is handled in practice.
This fifth edition covers market, credit, liquidity and operational risk, value at risk and expected shortfall, stress testing, model risk and the Basel rules on bank capital, with worked examples and end-of-chapter problems. It is part of the Wiley Finance Series and suits students of finance and banking and people working in risk management.
