Table of Contents

SECTION ONE FOUNDATIONS OF RISK MANAGEMENT1. Investment Risk Management: An Overview H. Kent Baker and Greg Filbeck2. Measuring and Managing Risk Raimund M. Kovacevic, Georg Ch. Pflug, and Alois Pichler3. How Risk Management Adds Value M. Martin Boyer and Monica Marin4. Accounting and Risk Management Mark Bradshaw and Bjorn JorgensenSECTION TWO TYPES OF RISK5. Market Risk Ramon P. Degennaro and Chanaka P. Edirisinghe6. Credit Risk Measurement and Management Norbert J. Jobst7. Operational Risk Pavel V. Shevchenko8. Liquidity Risk Kose John, Samir Saadi, and Hui Zhu9. Country Risk: Determinants, Measures, and Implications Aswath Damodaran10. Systemic Risk Andreas Krause11. Behavioral Risk M. Martin Boyer, Franca Glenzer, and Samuel Ouzan12. Governance Risk: A Guide for Investors Didier Cossin13. Inflation Risk: Causes and Instruments for Protection Claus Huber, Felix Gasser, and Nicolas Bürkler14. Risk Aggregation and Capital Management Sumit MathurSECTION THREE QUANTITATIVE ASSESSMENT OF RISK15. Value-at-Risk and Other Risk Measures Markus Lieppold16. Stress Testing Martin ?ihák17. Risk Management and Regulation David E. Allen, Robert J. Powell, and Abhay K. Singh18. Risk Budgeting Gregg Fisher, Tim Nguyen, and Cristian I. Tiu19. Risk-Adjusted Performance Measurement Pilar Grau Carles20. Risk Attribution Analysis Philippe BertrandSECTION FOUR RISK AND ASSET CLASSES21. Risk and Mortgage-Backed Securities in a Time of Transition Harold C. Barnett22. Credit Value Adjustment James T. Moser23. Risk Management and Hedge Funds Razvan PascalauSECTION FIVE HEDGING RISK24. Options Kit Pong Wong, Greg Filbeck, and H. Kent Baker25. Trading Futures to Manage Risk Ludwig B. Chincarini26. Swaps Dimitris Tsouknidis and Elias Boukrami27. The Economics of Credit Derivatives Udo Broll, Simone Raab, and Peter Welzel28. Foreign Exchange Derivatives in Frontier Markets Othmane Boukrami and Bert van LierSECTION SIX GOING FORWARD29. Risk Management and Financial Disasters Gabriele Sabato30. The Future of Risk Management Hunter M. Holzhauer

About the Author

H. Kent Baker is a University Professor of Finance in the Kogod School of Business at American University. Professor Baker is an author or editor of 22 books including Investor Behavior - The Psychology of Financial Planning and Investing, Market Microstructure of Emerging and Developed Markets, Behavioral Finance - Investors, Corporations, and Markets, Portfolio Theory and Management, and Survey Research in Corporate Finance. As one of the most prolific finance
academics, he has published more than 150 refereed articles in such journals as the Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal,
and Journal of Portfolio Management. He has consulting and training experience with more than 100 organizations. Professor Baker holds a BSBA from Georgetown University; M.Ed., MBA, and DBA degrees from the University of Maryland; and an MA, MS, and two PhDs from American University. He also holds CFA and CMA designations.

Greg Filbeck holds the Samuel P. Black III Professor of Insurance and Risk Management at Penn State Erie, the Behrend College and serves as Area Chair for Finance, Accounting, and Business Economics. He formerly served as Senior Vice-President of Kaplan Schweser and held academic appointments at Miami University (Ohio) and the University of Toledo, where he served as the Associate Director of the Center for Family Business. Professor Filbeck is an author or editor of four books and has
published more than 75 refereed academic journal articles that have appeared in journals such as Financial Analysts Journal, Financial Review, and Journal of Business, Finance, and Accounting. Professor
Filbeck conducts consulting and training world-wide for candidates for the Chartered Financial Analyst (CFA), Financial Risk Manager (FRM(TM)), and Chartered Alternative Investment Adviser (CAIA®) designations as well as holding all three designations. Professor Filbeck holds a BS from Murray State University, an MS from Penn State University, and a DBA from the University of Kentucky.

Reviews

"I found the Investment Risk Management book excellent on many fronts. It provides a timely and important review of risk management after the great crisis and an examination of important advances and challenges in managing investment risk at firms and for investors."

-- Russell Walker, Ph.D. is Clinical Associate Professor at the Kellogg School of Management, Northwestern University and author of From Big Data to Big Profits: Success with Data and Analytics (OUP 2015).
"Investment Management Risk is an excellent survey. Those practicing, studying, or simply interested in risk management will find it a first-rate reference and perhaps a reminder of how much the field has evolved since the board games of their youth."

-- Financial Analysts Journal