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Risk Management

Challenge and Opportunity

  • Book
  • © 2005

Overview

Editors:
  1. Michael Frenkel

    1. Otto Beisheim Graduate School of Management, WHU, Vallendar

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  2. Markus Rudolf

    1. Otto Beisheim Graduate School of Management, WHU, Vallendar

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  3. Ulrich Hommel

    1. Stiftungslehrstuhl Unternehmensfinanzierung und Kapitalmärkte, EUROPEAN BUSINESS SCHOOL International University, Oestrich-Winkel

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  • Only volume which brings together such a wide array of experts and offers such a complete coverage of recent developements

  • With new contributions dealing with "new" risks like operational risk or corporate risk

  • Includes supplementary material: sn.pub/extras

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Table of contents (41 chapters)

  1. Front Matter

    Pages I-XXVII
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  2. Bank Risk Management

    1. Basel II and the Effects on the Banking Sector

      • Thomas Hartmann-Wendels, Peter Grundke, Wolfgang Spörk
      Pages 3-24

    2. Conflicts of Interest and Market Discipline in Financial Services Firms

      • Ingo Walter
      Pages 25-51

    3. Risk Management and Value Creation in Banks

      • Gerhard Schröck, Manfred Steiner
      Pages 53-78

    4. The New Basel Capital Accord

      • Claudia Holtorf, Matthias Muck, Markus Rudolf
      Pages 79-98

    5. Value at Rist: Regulatory and Other Applications, Methods, and Criticism

      • Alois Paul Knobloch
      Pages 99-124

    6. Parsimonious Value at Risk for Fixed Income Portfolios

      • John F. O. Bilson
      Pages 125-141

    7. Risk Budgeting with Value at Risk Limits

      • Robert Härtl, Lutz Johanning
      Pages 143-157

    8. Value at Risk, Bank Equity and Credit Risk

      • Jack E. Wahl, Udo Broll
      Pages 159-168

    9. Parametric and Nonparametric Estimation of Conditional Return Expectations

      • Wolfgang Drobetz, Daniel Hoechle
      Pages 169-196

    10. Credit Risk Portfolio Modeling: An Overview

      • Ludger Overbeck
      Pages 197-217

    11. Evaluating Credit Risk Models

      • Hergen Frerichs, Mark Wahrenburg
      Pages 219-238

    12. Estimation of Default Probabilities and Default Correlations

      • Stefan Huschens, Konstantin Vogl, Robert Wania
      Pages 239-258

    13. Managing Investment Risks of Institutional Private Equity Investors — The Challenge of Illiquidity

      • Christoph Kaserer, Niklas Wagner, Ann-Kristin Achleitner
      Pages 259-277

    14. Assessment of Operational Risk Capital

      • Carol Alexander
      Pages 279-301

    15. Operational Risk: The Management Perspective

      • Wilhelm Kross
      Pages 303-318

  3. Insurance Risk Management

    1. Catastrophic Events as Threats to Society: Private and Public Risk Management Strategies

      • Martin Nell, Andreas Richter
      Pages 321-340

    2. New Approaches to Managing Catastrophic Insurance Risk

      • Ulrich Hommel, Mischa Ritter
      Pages 341-367

    3. Alternative Risk Transfer

      • Christopher L. Culp
      Pages 369-390

    4. The Challenge of Managing Longevity Risk

      • Petra Riemer-Hommel, Thomas Trauth
      Pages 391-406
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Keywords

About this book

Dealing with all aspects of risk management that have undergone significant innovation in recent years, this book aims at being a reference work in its field. Different to other books on the topic, it addresses the challenges and opportunities facing the different risk management types in banks, insurance companies, and the corporate sector. Due to the rising volatility in the financial markets as well as political and operational risks affecting the business sector in general, capital adequacy rules are equally important for non-financial companies. For the banking sector, the book emphasizes the modifications implied by the Basel II proposal. The volume has been written for academics as well as practitioners, in particular finance specialists. It is unique in bringing together such a wide array of experts and correspondingly offers a complete coverage of recent developments in risk management.

Reviews

From the book reviews:

“This book has emerged as one of the very insightful excellent publications that cover a variety of diverse aspects of risk management in the banking sector, insurance and other corporate companies. … this is a most insightful book as it includes a comprehensive review of the literature and findings. This book is strongly recommended as research material since it provides the philosophy and principles, from the fundamental to the advanced level of risk management studies.” (Shahsuzan Zakaria and Sardar M. N. Islam, International Journal of Risk and Contingency Management, Vol. 3 (4), October-December, 2014)

Editors and Affiliations

  • Otto Beisheim Graduate School of Management, WHU, Vallendar

    Michael Frenkel, Markus Rudolf

  • Stiftungslehrstuhl Unternehmensfinanzierung und Kapitalmärkte, EUROPEAN BUSINESS SCHOOL International University, Oestrich-Winkel

    Ulrich Hommel

Bibliographic Information

  • Book Title: Risk Management

  • Book Subtitle: Challenge and Opportunity

  • Editors: Michael Frenkel, Markus Rudolf, Ulrich Hommel

  • DOI: https://doi.org/10.1007/b138437

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2005

  • Hardcover ISBN: 978-3-540-22682-6Published: 23 November 2004

  • eBook ISBN: 978-3-540-26993-9Published: 06 December 2005

  • Edition Number: 2

  • Number of Pages: XXVII, 838

  • Topics: Finance, general, Quantitative Finance, Management

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