Investment Risk Management

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. 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.

SECTION ONE FOUNDATIONS OF RISK MANAGEMENT ; 1. Investment Risk Management: An Overview ; H. Kent Baker and Greg Filbeck ; 2. Measuring and Managing Risk ; Raimund M. Kovacevic, Georg Ch. Pflug, and Alois Pichler ; 3. How Risk Management Adds Value ; M. Martin Boyer and Monica Marin ; 4. Accounting and Risk Management ; Mark Bradshaw and Bjorn Jorgensen ; SECTION TWO TYPES OF RISK ; 5. Market Risk ; Ramon P. Degennaro and Chanaka P. Edirisinghe ; 6. Credit Risk Measurement and Management ; Norbert J. Jobst ; 7. Operational Risk ; Pavel V. Shevchenko ; 8. Liquidity Risk ; Kose John, Samir Saadi, and Hui Zhu ; 9. Country Risk: Determinants, Measures, and Implications ; Aswath Damodaran ; 10. Systemic Risk ; Andreas Krause ; 11. Behavioral Risk ; M. Martin Boyer, Franca Glenzer, and Samuel Ouzan ; 12. Governance Risk: A Guide for Investors ; Didier Cossin ; 13. Inflation Risk: Causes and Instruments for Protection ; Claus Huber, Felix Gasser, and Nicolas Burkler ; 14. Risk Aggregation and Capital Management ; Sumit Mathur ; SECTION THREE QUANTITATIVE ASSESSMENT OF RISK ; 15. Value-at-Risk and Other Risk Measures ; Markus Lieppold ; 16. Stress Testing ; Martin ?ihak ; 17. Risk Management and Regulation ; David E. Allen, Robert J. Powell, and Abhay K. Singh ; 18. Risk Budgeting ; Gregg Fisher, Tim Nguyen, and Cristian I. Tiu ; 19. Risk-Adjusted Performance Measurement ; Pilar Grau Carles ; 20. Risk Attribution Analysis ; Philippe Bertrand ; SECTION FOUR RISK AND ASSET CLASSES ; 21. Risk and Mortgage-Backed Securities in a Time of Transition ; Harold C. Barnett ; 22. Credit Value Adjustment ; James T. Moser ; 23. Risk Management and Hedge Funds ; Razvan Pascalau ; SECTION FIVE HEDGING RISK ; 24. Options ; Kit Pong Wong, Greg Filbeck, and H. Kent Baker ; 25. Trading Futures to Manage Risk ; Ludwig B. Chincarini ; 26. Swaps ; Dimitris Tsouknidis and Elias Boukrami ; 27. The Economics of Credit Derivatives ; Udo Broll, Simone Raab, and Peter Welzel ; 28. Foreign Exchange Derivatives in Frontier Markets ; Othmane Boukrami and Bert van Lier ; SECTION SIX GOING FORWARD ; 29. Risk Management and Financial Disasters ; Gabriele Sabato ; 30. The Future of Risk Management ; Hunter M. Holzhauer