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Extreme Risk Management: Revolutionary Approaches to Evaluating and Measuring Risk by Christina I. Ray

Extreme Risk Management: Revolutionary Approaches to Evaluating and Measuring Risk


Extreme Risk Management: Revolutionary Approaches to Evaluating and Measuring Risk by Christina I. Ray

The unprecedented turmoil in the financial markets turned the field of quantitative finance on its head and generated severe criticism of the statistical models used to manage risk and predict black swan events. Something very important had been lost when statistical representations replaced expert knowledge and statistics substituted for causation. Extreme Risk Management brings causation into the equation. The use of causal models in risk management, securities valuation, and portfolio management provides a real and much-needed alternative to the stochastic models used so far. Providing an alternative tool for risk modeling and scenario-building in stress-testing, this game-changing book uses causal models that help you: Evaluate risk with extraordinary accuracy Predict devastating worst-case scenarios Enhance transparency Facilitate better decision making

About the Author

Christina Ray is senior managing director for Market Intelligence at Omnis Inc. She has over 25 years experience in quantitative finance and is the author of The Bond Market and Think Like a Trader, Invest Like a Pro.

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Book Info

Publication date

28th June 2010


Christina I. Ray

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McGraw-Hill Professional an imprint of McGraw-Hill Education - Europe


304 pages


Investment & securities
Risk assessment



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