Books Details
Author : Frank J. Fabozzi Pages : 1088 pages Publisher : MIT Press Language : ISBN-10
: 0262029480 ISBN-13 : 9780262029483
Books Descriptions
Over the last fifty years, an extensive array of instruments for financing, investing,
and controlling risk has become available in financial markets, with demand for these
innovations driven by the needs of investors and borrowers. The recent financial
crisis offered painful lessons on the consequences of ignoring the risks associated
with new financial products and strategies. This substantially revised fifth edition of a
widely used text covers financial product innovation with a new emphasis on risk
management and regulatory reform. Chapters from the previous edition have been
updated, and new chapters cover material that reflects recent developments in
financial markets.The book begins with an introduction to financial markets, offering
a new chapter that provides an overview of risk -- including the key elements of
financial risk management and the identification and quantification of risk. The book
then covers market participants, including a new chapter on collective
