Fundamental Aspects of Operational Risk and Insurance Analytics: A Handbook of Operational Risk

Wiley Handbooks in

FINANCIAL ENGINEERING AND ECONOMETRICS

Advisory EditorRuey S. TsayThe University of Chicago Booth School of Business, USA

The dynamic and interaction between financial markets around the world have changed dramatically under economic globalization. In addition, advances in communication and data collection have changed the way information is processed and used. In this new era, financial instruments have become increasingly sophisticated and their impacts are far-reaching. The recent financial (credit) crisis is a vivid example of the new challenges we face and continue to face in this information age. Analytical skills and ability to extract useful information from mass data, to comprehend the complexity of financial instruments, and to assess the financial risk involved become a necessity for economists, financial managers, and risk management professionals. To master such skills and ability, knowledge fromcomputer science, economics, finance, mathematics and statistics is essential. As such, financial engineering is cross-disciplinary, and its theory and applications advance rapidly.

The goal of this Handbook Series is to provide a one-stop source for students, researchers, and practitioners to learn the knowledge and analytical skills they need to face today’s challenges in financial markets. The Series intends to introduce systematically recent developments in different areas of financial engineering and econometrics. The coverage will be broad and thorough ...