内容简介

Thoroughly revised and updated with new information and criticaI analysis。Philippe Iorion’S classic Value at Risk remains the industry leader in risk manage·ment。The third edition fcaturcs an increased emphasis on operational risk。coverage of new risk management techniques and the recently finalized Basel Accords，applications of VAR to risk budgeting and integrated risk management，new end。oGchapter exercises，and much more。
作者简介：
　　Philippe Jorion is Chancellor’S Professor of Finance at the University of California，Irvine。He has also taught at UC—Berkeley，Columbia University,Northwestern University，the University of Chicago，and the University of British Columbia。He received his M。B。A。and Ph。D。from the University of Chicago and a master’S degree in engineering from the Universit6 Libre de Bruxelles。
Dr。Jorion has written a number of books，including Big Bets Gone Bad：Derivatives and Bankruptcy in Orange County（Academic Press，1995）。the first account of the largest municipal failure in U。S。history，F/nanciaf Risk Management：Domestic and Internationa/Dimensions fcoauthored with S。Khoury，Blackwell，l995），and the Financia/Risk Manager Handbook（Wiley，2005），now in its third edition，which provides the core body of knowledge for the FRM examination administered by the GlobaI Association of Risk Professionals。
In addition。Dr.Jorion has written more than 80 publications directed to academics and practitioners Off the topics of risk management and international finance。His work has received wide recognition，including the Smith Breeden Prize in 1999。which iS awarded tO the best papers in the Journa/of Finance。and the Graham and Scroll Award in 2003，for best papers in the Financial Analysts Journal。
Dr。Jorion iS a frequent speaker at academic and professional confeFences。He has served as a consultant to various institutions。He iS on the editorial board of a number of finance iournals and was editor-in-chief of the Journal of Risk。