The recent financial crisis and it’s impact on the broader economy underscore the importance of financial risk management in today’s world. At the same time, financial product and investment strategies are becomeing increasingly complex. Today, it is more important than ever for risk managers to posses a sound understanding of mathematics and statistics.
I a concise and easy to read style, each chapter of this book introduce a different topic in mathematics or statistics, as different technique are introduced, sample problems and application sections demonstrate how these techniques can be appliedto acctual risk management problems. Exercise at the end of each chapter and the accompanying solutions at the end of the book allow reader to practice the techniques they are learning and monitor the progress. A companion website includes interactive Excel spreadsheet examples and templates.