A note on book covers: while we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
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Extreme Financial Risks: From Dependence to Risk Management
Clearly elucidates extreme financial risks associated with rare events such as financial crashes. The highlight of the book is the delineation of various copulas in conjunction with financial dependences among different assets of a portfolio. In particular, the insightful discussion on quadrant and orthant dependences casts new light on the connection between marginal models and financial dependence...brings a vivid portrayal of the subject.
A note on book covers: while we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
Insightful guide to rare financial risks and dependences.
Who is this book for?
This book offers a deep dive into the unexpected and extreme events that can shake financial markets. It’s perfect for those interested in understanding the complexities of asset dependences and how they influence risk management. If you’re into sophisticated models and want to grasp how rare crises develop and can be mitigated, this will be a compelling read.
