Abstract
The paper presents a short overview of general ideas in the analysis and management of financial risk. The emphasis is put on the application of quantitative methods. First of all, some historical remarks are given. Then the different concepts of understanding are discussed. The review of commonly used statistical measures, where risk is understood as volatility and as sensitivity is given. Finally, the general method of risk management is presented. This method aims at keeping the sensitivity of portfolio at a desired level.
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© 1999 Springer-Verlag Berlin · Heidelberg
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Jajuga, K. (1999). Statistical Approach in Financial Risk Analysis and Management — Review of Concepts. In: Gaul, W., Locarek-Junge, H. (eds) Classification in the Information Age. Studies in Classification, Data Analysis, and Knowledge Organization. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-60187-3_10
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DOI: https://doi.org/10.1007/978-3-642-60187-3_10
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-65855-9
Online ISBN: 978-3-642-60187-3
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