Financial risk has become a focus of financial and nonfinancial firms, individuals, and policy makers. But the study of risk remains a relatively new discipline in finance and continues to be refined. The financial market crisis that began in 2007 has highlighted the challenges of managing financial risk. Now, in Financial Risk Management, author Allan Malz addresses the essential issues surrounding this discipline, sharing his extensive career experiences as a risk researcher, risk manager, and central banker. The book includes standard risk measurement models as well as alternative models that address options, structured credit risks, and the real-world complexities or risk modeling, and provides the institutional and historical background on financial innovation, liquidity, leverage, and financial crises that is crucial to practitioners and students of finance for understanding the world today. Financial Risk Management is equally suitable for firm risk managers, economists, and policy makers seeking grounding in the subject. This timely guide skillfully surveys the landscape of financial risk and the financial developments of recent decades that culminated in the crisis. The book provides a comprehensive overview of the different types of financial risk we face, as well as the techniques used to measure and manage them. Topics covered include: Market risk, from Value-at-Risk (VaR) to risk models for options Credit risk, from portfolio credit risk to structured credit products Model risk and validation Risk capital and stress testing Liquidity risk, leverage, systemic risk, and the forms they take Financial crises, historical and current, their causes and characteristics Financial regulation and its evolution in the wake of the global crisis And much more Combining the more model-oriented approach of risk management-as it has evolved over the past two decades-with an economist's approach to the same issues, Financial Risk Management is the essential guide to the subject for today's complex world.

Perspectives in Human Biology offers students a unique look at the ways we study ourselves and the connection between the smallest units of matter (atoms and molecules) to the largest (ecosystems). Covering the basics of human biology, Knapp begins with a concise overview of science and scientific thinking. Early on, the author discusses the chemistry of life and cells and tissues, linking the conceptual nature of atoms and molecules to the actual behavior of cells. Discussions of human behavior, evolution, and genetics further clarify our link to all life on Earth. He concludes with a look at the bioshpere, the delicate balance of forces, and the roles science and human intelligence play now and in the future.

This catalog is a description of the many types of training programs and cooperative relationships that exist among Federal Laboratories and contract centers and universities. The programs are devoted to enhancing or maintaining the professional competence of staff personnel in their fields of specialization. The programs identified in the report were selected because of their geographic location, representative programs, or unusual features, and is not an inclusive list. The report includes education of laboratory employees, work-oriented activities, personnel interchange, equipment interchange, curriculum, use of television, and other audiovisual aids. Included is information regarding whom to contact for additional information.

Reprint of the original, first published in 1883.