Senior Vice President, New Products Development at the American Stock Exchange 
Risk management is concerned with the tradeoffs between financial risk and reward that inevitably face a firm's managers, its board of directors, and ultimately its shareholders. Although risk management itself is not new, what is new are the complicated financial instruments being used to manage risk-instruments that are frequently classified under the seemingly simple category of "derivatives." Use of these instruments have largely gone unreported in financial statements, much to the dismay of financial analysts and in contrast to their ideal of transparency. This volume explains firm's use of risk management practices and how those practices can be accounted. Coverage includes <ul> <li>a practical and theoretical basis for risk management 
</li> <li>information on how a firm's use of derivatives affects financial analysts 
</li> <li>recent reforms in accounting for derivatives.</li> </ul>

Risk Management, Derivatives, and Financial Analysis under SFAS No. 133

Business & Money

Gastineau, Gary L.

Smith, Donald J.

Todd, Rebecca

Finance

Research Foundation of AIMR & Blackwell Publishers

“It was that familiar feeling again of leaving yet another place we had once called home, just before the landlord came to evict us. Only this time it was my mother, my sister, and me. In the past we had looked to my stepfather for guidance. Now we had to make it on our own.” Born into struggling circumstances in Mexico City in 1931, Don would soon learn from his mother, “We may be broke, but we are never poor.” As a child and young teen living with his mother and sister, Don would live through many days of only one meal, or in some instances, no meals. From the dark side of hunger, he began to dream what many would term the impossible dream. Just before he turned 18, Don discovered that he had been a citizen of the United States since birth. He immediately traveled across the border to start a new life. A life he had only been able to dream about as a young, determined thirteen-year-old living in Mexico City.

Living My Dream: From Zero to 41,000 Feet

Biographies & Memoirs

Bryant, Yolanda

Memoirs

Freeze Time Media

A bond calculation quick reference, complete with context and application insights Bond Math is a quick and easy resource that puts the intricacies of bond calculations into a clear and logical order. This simple, readable guide provides a handy reference, teaching the reader how to think about the essentials of bond math. Much more than just a book of formulas, the emphasis is on how to think about bonds and the associated math, with plenty of examples, anecdotes, and thought-provoking insights that sometimes run counter to conventional wisdom. This updated second edition includes popular Bloomberg pages used in fixed-income analysis, including the Yield and Spread Analysis page, plus a companion website complete with an Online Workbook of multiple choice questions and answers and spreadsheet exercises. Detailed coverage of key calculations, including thorough explanations, provide practical guidance to working bond professionals. The bond market is the largest and most liquid in the world, encompassing everything from Treasuries and investment grade corporate paper to municipals and junk bonds, trading over $900 billion daily in the U.S. alone. Bond Math is a guide to the inevitable calculations involved in managing bonds, with expert insight on the portfolios and investment strategies that puts the math in perspective. Clear and concise without sacrificing detail, this book helps readers to: <ul>
<li>Delineate the characteristics of different types of debt securities</li> <li>Calculate implied forward and spot rates and discount factors</li> <li>Work with rates of return, yield statistics, and interest rate swaps</li> <li>Understand duration-based risk measures, and more</li> </ul>
Memorizing formulas is one thing, but really learning how to mentally approach the math behind bonds is something else entirely. This approach places calculations in context, and enables easier transition from theory to application. For the bond professional seeking a quick math reference, Bond Math provides that and so much more.

Bond Math, + Website: The Theory Behind the Formulas (Wiley Finance)

Investing

Bloomberg Press

Credit risk models invariably are mathematical, and can be dauntingly so. Nevertheless, an understanding of the impact of credit risk on the valuation of debt securities and derivatives is essential to investment analysis and risk management. The financial crisis that started in 2007 exposed the importance of counterparty credit risk; nowadays, CVA and DVA—credit valuation and debit (or debt) valuation adjustments, respectively—are part of the vocabulary of risk analysis in the “post-Lehman” world. This tutorial introduces the key parameters that drive CVA and DVA (the expected exposure to default loss, the probability of default, and the recovery rate) and demonstrates the impact of changes in credit risk on values of various types of debt securities and interest rate derivatives in a simplified format using diagrams and tables, albeit with some mathematics.

Valuation in a World of CVA and DVA: A Tutorial on Debt Securities and Interest Rate Derivatives

CreateSpace Independent Publishing Platform

A guide to the theory behind bond math formulasBond Math explores the ideas and assumptions behind commonly used statistics on risk and return for individual bonds and on fixed income portfolios. But this book is much more than a series of formulas and calculations; the emphasis is on how to think about and use bond math.Author Donald J. Smith, a professor at Boston University and an experienced executive trainer, covers in detail money market rates, periodicity conversions, bond yields to maturity and horizon yields, the implied probability of default, after-tax rates of return, implied forward and spot rates, and duration and convexity. These calculations are used on traditional fixed-rate and zero-coupon bonds, as well as floating-rate notes, inflation-indexed securities, and interest rate swaps.Puts bond math in perspective through discussions of bond portfolios and investment strategies.Critiques the Bloomberg Yield Analysis (YA) pag

Bond Math: The Theory Behind the Formulas (Wiley Finance)

Wiley Finance

“It was that familiar feeling again of leaving yet another place we had once called home, just before the landlord came to evict us. Only this time it was my mother, my sister, and me. In the past, we had looked to my stepfather for guidance. Now we had to make it on our own.” Born into struggling circumstances in Mexico City in 1931, Don would soon learn from his mother, “We may be broke, but we are never poor.” As a child and young teen living with his mother and sister, Don would live through many days of only one meal, or in some instances, no meals. From the dark side of hunger, he began to dream what many would term the impossible dream. Just before he turned 18, Don discovered that he had been a citizen of the United States since birth. He immediately traveled across the border to start a new life. A life he had only been able to dream about as a young, determined thirteen-year-old living in Mexico City.

CVA, DVA, and FVA, which are the acronyms for credit, debit, and funding valuation adjustments, have become widely used by major banks since the financial crisis. This book aims to bridge the gap between the highly complex and mathematical models used by these banks to adjust the value of debt securities and interest rate derivatives, and the end users of the valuations, for example, accountants, auditors, and analysts. The book, which is essentially a tutorial, demonstrates the types of models that are used using binomial trees that are featured in the CFA(R) fixed income curriculum and allows readers to replicate the examples using a spreadsheet.

VALUATION IN A WORLD OF CVA, DVA, AND FVA : A TUTORIAL ON DEBT SECURITIES AND INTEREST RATE DERIVATIVES

Economics

World Scientific Publishing Company

CVA, DVA, and FVA, which are the acronyms for credit, debit, and funding valuation adjustments, have become widely used by major banks since the financial crisis. This book aims to bridge the gap between the highly complex and mathematical models used by these banks to adjust the value of debt securities and interest rate derivatives, and the end users of the valuations, for example, accountants, auditors, and analysts. The book, which is essentially a tutorial, demonstrates the types of models that are used using binomial trees that are featured in the CFA® fixed income curriculum and allows readers to replicate the examples using a spreadsheet.

Valuation In A World Of Cva, Dva, And Fva : A Tutorial On Debt Securities And Interest Rate Derivatives

WSPC

See the best price to sell, buy, or rent books by Smith, Donald J.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Smith, Donald J.

See the best price to sell, buy, or rent books by Smith, Donald J.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Risk Management, Derivatives, and Financial Analysis under SFAS No. 133

Living My Dream: From Zero to 41,000 Feet

Bond Math, + Website: The Theory Behind the Formulas (Wiley Finance)

Valuation in a World of CVA and DVA: A Tutorial on Debt Securities and Interest Rate Derivatives

Bond Math: The Theory Behind the Formulas (Wiley Finance)

Living My Dream: From Zero to 41,000 Feet

VALUATION IN A WORLD OF CVA, DVA, AND FVA : A TUTORIAL ON DEBT SECURITIES AND INTEREST RATE DERIVATIVES

Valuation In A World Of Cva, Dva, And Fva : A Tutorial On Debt Securities And Interest Rate Derivatives