9783540262855-3540262857-The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics)

The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics)

ISBN-13: 9783540262855
ISBN-10: 3540262857
Edition: 3rd
Author: Voit, Johannes
Publication date: 2005
Publisher: Springer
Format: Hardcover 394 pages
FREE shipping on ALL orders

Book details

ISBN-13: 9783540262855
ISBN-10: 3540262857
Edition: 3rd
Author: Voit, Johannes
Publication date: 2005
Publisher: Springer
Format: Hardcover 394 pages

Summary

Acknowledged authors Voit, Johannes wrote The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics) comprising 394 pages back in 2005. Textbook and eTextbook are published under ISBN 3540262857 and 9783540262855. Since then The Statistical Mechanics of Financial Markets (Theoretical and Mathematical Physics) textbook was available to sell back to BooksRun online for the top buyback price of $ 4.96 or rent at the marketplace.

Description

The present third edition of The Statistical Mechanics of Financial Markets is published only four years after the ?rst edition. The success of the book highlights the interest in a summary of the broad research activities on the application of statistical physics to ?nancial markets. I am very grateful to readers and reviewers for their positive reception and comments. Why then prepare a new edition instead of only reprinting and correcting the second edition? The new edition has been signi?cantly expanded, giving it a more pr- tical twist towards banking. The most important extensions are due to my practical experience as a risk manager in the German Savings Banks’ As- ciation (DSGV): Two new chapters on risk management and on the closely related topic of economic and regulatory capital for ?nancial institutions, - spectively, have been added. The chapter on risk management contains both the basics as well as advanced topics, e. g. coherent risk measures, which have not yet reached the statistical physics community interested in ?nancial m- kets. Similarly, it is surprising how little research by academic physicists has appeared on topics relating to Basel II. Basel II is the new capital adequacy framework which will set the standards in risk management in many co- tries for the years to come. Basel II is responsible for many job openings in banks for which physicists are extemely well quali?ed. For these reasons, an outline of Basel II takes a major part of the chapter on capital.

Rate this book Rate this book

We would LOVE it if you could help us and other readers by reviewing the book