An Introduction to Value-at-Risk

The value-at-risk measurement methodology is a widely-used tool in financial market risk management. An Introduction to Value-at-Risk offers an accessible and reader-friendly look at the concept of VaR and its different estimation methods. Related issues such as statistics, volatility, and correlation are also introduced as a necessary background for students and practitioners. This is essential reading for all those who require an introduction to financial market risk management and risk measurement techniques.