Asset & Risk Management by Louis Esch

Product Description

The aim of this book is to study three essential components of modern finance – Risk Management, Asset Management and Asset and Liability Management, as well as the links that bind them together.

It is divided into five parts:

* Part I sets out the financial and regulatory contexts that explain the rapid development of these three areas during the last few years and shows the ways in which the Risk Management function has developed recently in financial institutions.
* Part II is dedicated to the underlying theories of Asset Management and deals in depth with evaluation of financial assets and with theories relating to equities, bonds and options.
* Part III deals with a central theory of Risk Management, the general theory of Value at Risk or VaR, its estimation techniques and the setting up of the methodology.
* Part IV is the point at which Asset Management and Risk Management meet. It deals with Portfolio Risk Management (the application of risk management methods to private asset management), with an adaptation of Sharpe’s simple index method and the EGP method to suit VaR and application of the APT method to investment funds in terms of behavioural analysis.
* Part V is the point at which Risk Management and Asset and Liability Management (ALM) meet, and touches on techniques for measuring structural risks within the on and off balance sheet.

The book is aimed both at financial professionals and at students whose studies contain a financial aspect.

"Esch, Kieffer and Lopez have provided us with a comprehensive and well written treatise on risk. This is a must read, must keep volume for all those who need or aspire to a professional understanding of risk and its management."
—Harry M Markowitz, San Diego, USA
Product Details

* Amazon Sales Rank: #737099 in Books
* Published on: 2005-03-25
* Number of items: 1
* Binding: Hardcover
* 424 pages

Editorial Reviews

From the Inside Flap
This book provides a very useful teaching tool suitable for use by both undergraduates and post-graduates, who have chosen to include a financial element in their studies. There are many numbered illustrations and a CD-Rom for practical application.

The work is also aimed at professionals working in the market (private or business fund managers or pension managers, market operators and business managers), risk managers and asset and liability managers, auditors and people working generally in the field of risk management.

From the Back Cover
The aim of this book is to study three essential components of modern finance – Risk Management, Asset Management and Asset and Liability Management, as well as the links that bind them together.

It is divided into five parts:

* Part I sets out the financial and regulatory contexts that explain the rapid development of these three areas during the last few years and shows the ways in which the Risk Management function has developed recently in financial institutions.
* Part II is dedicated to the underlying theories of Asset Management and deals in depth with evaluation of financial assets and with theories relating to equities, bonds and options.
* Part III deals with a central theory of Risk Management, the general theory of Value at Risk or VaR, its estimation techniques and the setting up of the methodology.
* Part IV is the point at which Asset Management and Risk Management meet. It deals with Portfolio Risk Management (the application of risk management methods to private asset management), with an adaptation of Sharpe’s simple index method and the EGP method to suit VaR and application of the APT method to investment funds in terms of behavioural analysis.
* Part V is the point at which Risk Management and Asset and Liability Management (ALM) meet, and touches on techniques for measuring structural risks within the on and off balance sheet.

The book is aimed both at financial professionals and at students whose studies contain a financial aspect.

"Esch, Kieffer and Lopez have provided us with a comprehensive and well written treatise on risk. This is a must read, must keep volume for all those who need or aspire to a professional understanding of risk and its management."
—Harry M Markowitz, San Diego, USA

About the Author
Louis Esch Doctor of Mathematical Science at the University of Liège, and a researcher there in the Department of Probability Theory and Mathematical Statistics. He currently teaches quantitative methods and financial modelling at the School of Higher Business Studies in Liège, where he is science manager for post-graduate education in Finance and Insurance and President of the "Quantitative Management Methods" unit. He is also conference master at the University of Liège.

Robert Kieffer Treasurer at Banque Degroof Luxembourg SA, honorary board member of ACI Luxembourg and Course Manager at the Luxembourg Institute of Banking Training.

Thierry Lopez Certificated Business Engineer at the School of Higher Business Studies in Liège, and manager of the Risk Management Group at Kredietbank SA in Luxembourg, Conference Master at the University of Liège, Professor of Honour at the School of Higher Business Studies in Liège, Course Manager at the Luxembourg Institute of Banking Training and at the Luxembourg Risk Management Finance Technology Transfer Agency, Honorary President and Vice-President of PRIM (Luxembourg Association of Risk Management Professionals).

Assisted by: Christian Berbé, Pascal Damel, Michel Debay, Jean-François Hannosset.

Hazardous Gases and Fumes, A Safety Handbook by Peter Warren

Product Description

The purpose of this book is to provide the user with a concise summary of the physical properties, detection methods, handling precautions and of the biochemical and physiological effects of gases and fumes found in the working environment so that they may be handled safely.


The substances dealt with in this book vary considerably in their properties, whether it be chemical, physical or physiological, and as a consequence in the risks they pose to health and safety and the conditions demanded of staff and workplaces which handle them. It is therefore important not only to be able to identify both the gases and fumes themselves, but the dangers which they pose and the consequent measures necessary to deal with those dangers, whether it be as a precautionary measure or in response to an incident. For these reasons the availability of the data contained in this extremely useful book will be of vital importance to all staff on sites where such substances are used as well as too those who may need to react to an accident involving their use such as fire-fighters, doctors, nurses, paramedics and other emergency response staff.
Product Details

* Amazon Sales Rank: #3635169 in Books
* Published on: 1997-05-14
* Number of items: 1
* Binding: Hardcover
* 196 pages

Editorial Reviews

Review
This book aims to provide a concise summary of the physical properties,
detection methods, handling precautions, and the biochemical and
physiological effects of gases and fumes found at work, so that they are
safety handled.
Health and Safety at Work

This most welcome book sets out to give a clear, concise and, above all,
easily comprehensible account of the information required to handle gases
and fumes safely and appropriately.

OS & H

Review
This book aims to provide a concise summary of the physical properties,
detection methods, handling precautions, and the biochemical and
physiological effects of gases and fumes found at work, so that they are
safety handled.
Health and Safety at Work

This most welcome book sets out to give a clear, concise and, above all,
easily comprehensible account of the information required to handle gases
and fumes safely and appropriately.

OS & H

Book Info
Provides a concise summary of the physical properties, detection methods, handling precautions and the biochemical and physiological effects of gases and fumes found in the working environment. DLC: Hazardous substances.

Automorphic Forms on GL (2): Part 2 . Lecture Notes in Mathematics 278 by H. Jacquet

Product Details

Published on: 1972-09
Number of items: 1
Binding: Paperback
142 pages