Click Here to Download: https://ouo.io/oGX9g3 Portfolio Theory and Risk Management By: Maciej J. Capiński; Ekkehard Kopp Publisher: Cambridge University Press Print ISBN: 9781107003675, 1107003679 eText ISBN: 9781139984836, 1139984837 Edition: 1st Format: EPUB Available from $ 32.00 USD SKU 9781139984836 With its emphasis on examples, exercises and calculations, this book suits advanced undergraduates as well as postgraduates and practitioners. It provides a clear treatment of the scope and limitations of mean-variance portfolio theory and introduces popular modern risk measures. Proofs are given in detail, assuming only modest mathematical background, but with attention to clarity and rigour. The discussion of VaR and its more robust generalizations, such as AVaR, brings recent developments in risk measures within range of some undergraduate courses and includes a novel discussion of reducing VaR and AVaR by means of hedging techniques. A moderate pace, careful motivation and more than 70 exercises give students confidence in handling risk assessments in modern finance. Solutions and additional materials for instructors are available at www.cambridge.org/9781107003675.
