Handbook of Asset and Liability Management

Features

• Cover Type: Hard Cover with 508 pages
• Published by: North Holland
• Edition: 1st Edition August 30, 2006
• Written in: English
• ISBN 10 Number: 0444508759
• ISBN 13 Number: 978-0444508751
• Book Dimensions: 9.5 x 6.6 x 1 inches
• Weighs: 2.3 pounds

Book Description
Presents the theories and methods supporting models that align a firm's operations and tactics with its uncertain environment

Product Description
This first volume of the Handbook of Asset and Liability Management presents the theories and methods supporting models that align a firm's operations and tactics with its uncertain environment. Detailing the symbiosis between optimization tools and financial decision-making, its original articles cover term and volatility structures, interest rates, risk-return analysis, dynamic asset allocation strategies in discrete and continuous time, the use of stochastic programming models, bond portfolio management, and the Kelly capital growth theory and practice. They effectively set the scene for Volume Two by showing how the management of risky assets and uncertain liabilities within an integrated, coherent framework remains the core problem for both financial institutions and other business enterprises as well.

*Each volume presents an accurate survey of a sub-field of finance
*Fills a substantial gap in this field
*Broad in scope

Reader Reviews
This book has a good summary of the new challenges in the Enterprise Wide Risk Management and ALM. But when applying some concepts and theories it complicates itself. Focuses too little in the issues related to the appropriate mapping of Assets and Liabilities and too much in those of the optimization.