Economic Capital [Hardback]How It Works, and What Every Manager Needs to Knowby Pieter Klaassen and Idzard van Eeghen
Usually ships within 3 to 5 working days Description of Economic CapitalManagers can deploy and manage economic capital more effectively when they understand how their decisions add value to their organizations. "Economic Capital: How It Works and What Every Manager Needs to Know" presents new ways to define, measure, and implement management strategies by using recent examples, many from the sub-prime crisis.The authors also discuss the role of economic capital within the broader context of management responsibilities and activities as well as its relation to other risk management tools that are available to the modern risk manager. The book: explains ways to use economic capital in balancing risk and return; evaluates solutions to problems encountered in establishing an economic capital framework; emphasizes intuition; and, draws special attention to embedding risk modelling approaches within economic capital frameworks. People who bought this book also boughtTitle Information
Write a review of this book Customer Reviews from AmazonAbout Pieter Klaassen and Idzard van EeghenPieter Klaassen, Managing Director of Firmwide Risk Aggregation at UBS A.G. He holds a PhD in operations research from the MIT Sloan School of Management. He has global responsibility for development and refinement of economic capital models for credit, country, market, operational, interest-rate and business risk. In this position he has close interaction with business, finance, ALM and other risk management departments concerning the application of these models for performance, risk, portfolio and capital management. He is also responsible for quantification of EC for additional risks, and establishment of internal capital adequacy assessment and global responsibility for development and refinement of the bank's counterparty exposure methodologies for derivatives.Idzard van Eeghen is Group Senior Vice President of Integrated Risk Management at ABNAMRO Bank N.V. Mr. Eeghen holds two degrees: masters in economics and masters in financial economics. In his current position he is responsible for managing the Group's country risk exposure; policies and use of economic capital including stress testing and loan pricing tools; risk disclosure; development and introduction of Enterprise Risk Management (ERM). Contents of Economic Capital1: Measuring the Unexpected: Understanding Economic Capital2: Show Me the Money: The Purpose of Economic Capital 3: You Manage What You Measure: Defining Economic Capital 4: Running the Numbers: Measuring Economic Capital 5: Facing Reality: Implementing Economic Capital 6: Team play: Economic Capital and its Context 7: What's Next? The Future of Economic Capital |
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