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Investment Risk Management - Oxford Scholarship Online
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Investment Risk Management

H. Kent Baker and Greg Filbeck


All investments carry with them some degree of risk. In the financial world, individuals, professional money managers, financial institutions, and many others encounter and must deal with risk. Risk management is a process of determining what risks exist in an investment and then handling those risks in the best-suited way. Risk management is important because it can reduce or augment risk depending on the goals of investors and portfolio managers. The main purpose of this book is to provide an overview of developments in risk management and a synthesis of research involving these developments ... More

Keywords: risk management, hedging, measuring risk, risk classes

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9780199331963
Published to Oxford Scholarship Online: January 2015 DOI:10.1093/acprof:oso/9780199331963.001.0001


Affiliations are at time of print publication.

H. Kent Baker, editor
American University

Greg Filbeck, editor
Pennsylvania State University

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Part One Foundations of Risk Management

1 Investment Risk Management: An Overview

H. Kent Baker Greg Filbeck

2 Measuring and Managing Risk

Raimund M. Kovacevic Georg CH. Pflug Alois Pichler

3 How Risk Management Adds Value

M. Martin Boyer Monica Marin

4 Accounting and Risk Management

Mark Bradshaw Bjorn Jorgensen

Part Two Types of Risk

5 Market Risk

Ramon P. Degennaro Chanaka P. Edirisinghe

6 Credit Risk

Norbert J. Jobst

7 Operational Risk

Pavel V. Shevchenko

8 Liquidity Risk

John Kose Samir Saadi Hui Zhu

9 Country Risk

Aswath Damodaran

10 Systemic Risk

Andreas Krause

11 Behavioral Risk

M. Martin Boyer Franca Glenzer Samuel Ouzan

12 Governance Risk

Didier Cossin

13 Inflation Risk

Claus Huber Felix Gasser Nicolas Bürkler

Part Three Quantitative Assessment of Risk

16 Stress Testing

Martin Čihák

17 Risk Management and Regulation

David E. Allen Robert J. Powell Abhay K. Singh

18 Risk Budgeting

Gregg Fisher Tim Nguyen Cristian I. Tiu

20 Risk Attribution Analysis

Philippe Bertrand

Part Four Risk Management and Asset Classes

Part Five Hedging Risk

24 Options

Kit Pong Wong Greg Filbeck H. Kent Baker University Professor of Finance, Kogod School of Business, American University

25 Futures

Ludwig B. Chincarini

26 Swaps

Dimitris Tsouknidis Elias Boukrami

27 Credit Derivatives

Udo Broll Simone Raab Peter Welzel

Part Six Going Forward

30 The Future of Risk Management

Hunter M. Holzhauer