How Long to Read VaR Methodology for Non-Gaussian Finance

How Long Does it Take to Read VaR Methodology for Non-Gaussian Finance?

It takes the average reader 3 hours to read VaR Methodology for Non-Gaussian Finance by Marine Habart-Corlosquet

Assuming a reading speed of 250 words per minute. Learn more

Description

With the impact of the recent financial crises, more attention must be given to new models in finance rejecting “Black-Scholes-Samuelson” assumptions leading to what is called non-Gaussian finance. With the growing importance of Solvency II, Basel II and III regulatory rules for insurance companies and banks, value at risk (VaR) – one of the most popular risk indicator techniques plays a fundamental role in defining appropriate levels of equities. The aim of this book is to show how new VaR techniques can be built more appropriately for a crisis situation. VaR methodology for non-Gaussian finance looks at the importance of VaR in standard international rules for banks and insurance companies; gives the first non-Gaussian extensions of VaR and applies several basic statistical theories to extend classical results of VaR techniques such as the NP approximation, the Cornish-Fisher approximation, extreme and a Pareto distribution. Several non-Gaussian models using Copula methodology, Lévy processes along with particular attention to models with jumps such as the Merton model are presented; as are the consideration of time homogeneous and non-homogeneous Markov and semi-Markov processes and for each of these models. Contents 1. Use of Value-at-Risk (VaR) Techniques for Solvency II, Basel II and III. 2. Classical Value-at-Risk (VaR) Methods. 3. VaR Extensions from Gaussian Finance to Non-Gaussian Finance. 4. New VaR Methods of Non-Gaussian Finance. 5. Non-Gaussian Finance: Semi-Markov Models.

How long is VaR Methodology for Non-Gaussian Finance?

VaR Methodology for Non-Gaussian Finance by Marine Habart-Corlosquet is 176 pages long, and a total of 45,056 words.

This makes it 59% the length of the average book. It also has 55% more words than the average book.

How Long Does it Take to Read VaR Methodology for Non-Gaussian Finance Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 6 minutes to read VaR Methodology for Non-Gaussian Finance aloud.

What Reading Level is VaR Methodology for Non-Gaussian Finance?

VaR Methodology for Non-Gaussian Finance is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy VaR Methodology for Non-Gaussian Finance?

VaR Methodology for Non-Gaussian Finance by Marine Habart-Corlosquet is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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