A wide array of experts examine the recent developments in risk management. The emphasis is on highlighting the link between the academic literature and practical issues. Ideally suited for academics and practitioners, especially finance specialists.Challenge and Opportunity Michael Frenkel, Ulrich Hommel, Markus Rudolf Gunter Dufey ... Hence, applying the risk weight formula (2) guarantees that the probability of the sum of expected and unexpected losses per year ... Using the law of large numbers, it can be shown that the random variable which represents the percentage portfolio loss equals almost surely the conditional (on a realization of theanbsp;...
|Author||:||Michael Frenkel, Ulrich Hommel, Markus Rudolf|
|Publisher||:||Springer Science & Business Media - 2005|